Merry Christmas Post Two!
A Merry Christmas Post Two! I could have written this to have it ready to publish on or before Christmas Day, but I figured most of you wouldn’t read it, and good for you! Like me, you had way more important things…
Year: 2023
Mortgage Rates/Sales Moving Down
Prices Not So Much The major real estate news lately is the significant lowering of mortgage rates to the low 7% to high 6% range. This is reflective of positive inflation reporting. It’s good news for buyers, but is it enough to…
Mortgage Rates Continue Cascading Downward
Have Shelter Costs Lowered? In encouraging news for buyers, mortgage rates have continued moving downward and have hit a 3-month low. Per Mortgage News Daily, the conventional 30-year fixed rate mortgage as of Friday December 1st has dropped to 7.09%. A 30-year…
Will the Greatest Wealth Transfer in History Further Hurt Our Affordability?
We trust your Thanksgiving weekend was wonderful! Apart from the traditional, additional, and certainly not subliminal poundage gained, it was for the 18 or so Bodeen family and friends who gathered at our home😉. As most of our readers are aware, we…
BUYERS, RE-START YOUR ENGINES!
Time to Get Off the Sidelines Buoyed by good news showing that our overheated economy is finally cooling, and inflation lowering, conventional rates have dropped down to 7.37% as of Friday, the 17th of November, per Mortgage News Daily. Better yet, FHA…
Record Pricing Returns to Maricopa County
If you’re new to the Valley of the Sun or are contemplating a move here, or perhaps know of someone who is, you or they may be wondering where the best place to live is? After all, Maricopa County is HUGE. And…
The Eight Rates Suddenly Reverse Course Will Buyers Follow?
Before we get to the mortgage rate news, let’s take a look at October’s ARMLS numbers, with gratitude, as usual, to the Cromford Report. This week, we’ve added some new home stats as well. Active Listings: 15,247 vs 20,582 last year -…
Rates hit the 8’s! And The Market Continues to Sputter!
I’ve been through three of these downward sales cycle rodeos in my career. They are never fun. If we knew what the rate and listing trajectory would be over the next months, buyer and seller advice would be easier. Unfortunately, I left…
Good News. Bad News.
If I wanted to, I could spin our local real estate news favorably towards buyers or sellers, because on the surface there’s good news for buyers and sellers. And then again, there’s also bad news for buyers and sellers. And with a…
Realtor and Lender Exodus?
Plus Thousands of Other Affiliates? The question on most everyone’s mind who has any affiliation with residential real estate these days (buyers, sellers, Realtors, lenders, title companies, etc., etc.,) is: “What’s going to happen to real estate?” Another way we’re phrasing the…