- March 2023 Scottsdale Homes for Sale and Home Sales - We saw a big jump in home sales during the month of March which is in line with what we typically see this time of year. We did see new contracts fall off a little bit though. SCOTTSDALE HOME SALES ACTIVITY – MARCH 2023 We track the four sales metrics below each month. - Single-family homes for sale - Orange Line - How many homes were for sale at the end of the month. - Under contract, but accepting backup offers (UCB) - Gray Line - How many homes were in UCB status at the end of the month.*- Pending home sales - Yellow Line -How many pending sales there were at the end of the month.*- Home Sales - Blue Line - The number of home sales that month. MARCH 2023 RESULTS Scottsdale Homes for Sale: Inventory dipped slightly when compared ... 04/18/2023

5 Reasons Millennials Are Buying HomesIn the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why? There are plenty of reasons you may choose to become a homeowner. Here’s why other millennials have made that decision (see graph below):This graph shows why millennials are buying homes according to Zonda’s 6th annual millennial survey. The top reasons include building equity, a change in life stage, wanting stability, rising home values, and wanting to make somewhere truly their own. Here’s a look at each in more detail.Building equity – Homeownership is a long-term investment that allows... 04/18/2023

This post is inspired by Bob "RealMan" Timm's post Morning Exercises! Bob's post is about starting your day with what I like to call, "An Attitude of Gratitude."  The post continues to the topic of volunteering at a Christian Radio Show and how he enjoys it.    As we commented back and forth, I was reminded how many years volunteering has been a part of my life, and what it's given me in return.   As we know in Active Rain, inspiration comes from many sources.  A thought, a memory or a  new idea. In this case, memories!  Volunteers are truly the life blood of many organizations, just as Bob has written.  How many times have you been asked to volunteer?  And how many times have you volunteered without being asked?   I have never thought about the topic collectively.  But from high school... 04/17/2023

In this information packed world, it's very easy to find answers online.  Just ask Siri, Google a search, or visit Ask.com to name a few places anyone can go for answers.  So when a home buyer or seller needs answers, be THAT agent that provides a detailed description of the process before the have to look for answers.  This is exactly why realtors need to be focused on their clients wants and needs to anticipate questions based on information gleaned in an interview.   Show you care by spending the time with them long before you are selecting homes to view or listing a home for sale.  Ask the important questions shows that you are interested in getting the job done effectively.    If you can provide information to answer those questions before they're asked, you'll be seen as an effect... 04/14/2023

Home Inspections for Sellers: What You Need To Know [INFOGRAPHIC]Some Highlights The inspection is a major part of the home selling process. Many buyers used to waive inspections to be more competitive with their offer, but recently, inspections and repairs are becoming popular again. Let’s connect so you have an expert on your side who can help you determine the repairs and updates your house needs before you sell. 04/14/2023

Your Tax Refund Can Help You Achieve Your Homebuying GoalsHave you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses.SmartAsset estimates the average American will receive a $1,798 tax refund this year. The map below provides a more detailed estimate by state:According to Freddie Mac, there are multiple ways your refund check can help you as a homebuyer. If you’re getting a refund this year and thinking about buying a home, here are a few tips to keep: Saving for a down payment – One of the largest barriers to homeownership is saving for a down payment. You could reach your savings goal more... 04/12/2023

04/10/2023

Homebuyer Activity Shows Signs of Warming Up for SpringThe spring season appears to be warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers. Realtor.com has the latest: “Spring is officially here, and like green shoots emerging from the bleak winter, new data suggests that more buyers are back in the market, although more subdued compared to a year ago.” We know buyer activity is trending up because of mortgage purchase application data. According to Investopedia:“A mortgage application is a document submitted to a lender when you apply for a mortgage to purchase real estate.” That means the number of mortgage applications shows how many buyers are applying for mortgages. Put an... 04/10/2023

Are you Looking For Luxury items? Well here are luxury $1 million + homes for sale in Scottsdale, Arizona with the MLS listings UPDATED DAILY on the day you are reading this. Scottsdale is one of the best places to live in the US! As your Buyer's Realtor I can show you any of these homes listed on the MLS and represent YOU and YOUR best interests. (Photo: Looking, Pixabay)$1+ Million Homes For Sale in Scottsdale Arizona on the MLS ALWAYS UP TO DATEFor a FULL PAGE view list of $1 million + homes for sale in Scottsdale, Arizona ALWAYS UP TO DATE and create your own FREE MLS SEARCH PORTAL in Arizona with hundreds of search criteria to filter. Have a Million Dollars? Scottsdale Arizona with many "Lap of Luxury" custom homes selling in excess of $1 million is consistently selected as one of ... 04/08/2023

The Key Advantage of Investing in a Home [INFOGRAPHIC]Some Highlights Buying a home is a major way to build wealth and gain financial stability. That’s why, across different income levels, the largest part of most homeowners’ net worth is their equity. Let’s connect today so you can start investing in homeownership. 04/07/2023

Get out and explore Sunny Scottsdale Arizona! There is so much to do in Scottsdale and did I mention the the SUN? Take a hike, play some golf, a jeep tour, art walk, climb Camelback Mountain. However there are plenty of OTHER things to do as well. You may wish to bookmark or save this blog link if you are planning to visit or move to Arizona.... Read on....(Gainey Ranch Golf Club Scottsdale by Jeff Masich)More things to do in ScottsdaleI love these "Things To Do in Arizona" focusing on Scottsdale and the Phoenix metro area right in the middle of the state with access to the Grand Canyon to Sedona and the lakes and pine tree country of the Mogollon Rim.While you are here Buy a Home in ScottsdaleSunny Scottsdale Arizona Homes For Sale on MLS and ALWAYS UP TO DATEFor FULL PAGE view and fil... 04/06/2023

Why Aren’t Home Prices Crashing? There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t expect that to change: “[H]ome prices will be steady in most parts of the country with a minor change in the national median home price.” You might think sellers would have to lower prices to attract... 04/05/2023

Two Reasons You Should Sell Your HouseWondering if you should sell your house this year? As you make your decision, think about what’s motivating you to consider moving. A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (see graphic below):Let’s break those reasons down and explore how they might resonate with you.1. I Want To Take Advantage of the Current Market and Make a ProfitWhen you decide to sell your house, how much you’ll make from the sale will likely be top of mind. So, here’s some good news: according to the latest data, the average seller can expect a strong return on their investment when they make a move. ATTOM explains: “The $112,000 profit on median-priced home sales in 2022 represented ... 04/04/2023

With views of Camelback Mountain, here are ALWAYS UP TO DATE  Active, Pending and Recently Sold Homes on McCormick Ranch Scottsdale on the day you are reading this. As your Buyer's Realtor in McCormick Ranch I can show you all homes listed by All Brokers and look out for YOUR best interests. Give give me a call/text at 480-242-6500 for more information. Updated Daily on the MLS! McCormick Ranch in Scottsdale Arizona Detached Homes (Active, Pending, Sold Comps)For my Buyer Clients, I provide all Active, Pending and Recently Sold Homes on McCormick Ranch Scottsdale on MLS UPDATED DAILY for FULL PAGE view. Also, create your own FREE MLS SEARCH Portal in Arizona, my courtesy to you and call me if you wish to see some of the homes.For more information about the first multi builder Property O... 04/03/2023

04/03/2023

How Changing Mortgage Rates Can Affect YouThe 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power.The chart below helps show the general relationship between mortgage rates and a typical monthly mortgage payment:Even a 0.5% change can have a big impact on your monthly payment. And since rates have been moving between 6% and 7% for a while now, you can see how it impacts your purchasing power as rates go down.What This Means for YouYou may be tempted to put your homebuying plans on hold in hopes that rates will fall. But that can be risky. No one knows for sure where rates will go from here, and try... 04/03/2023

Facts About Closing Costs [INFOGRAPHIC]Some Highlights If you’re thinking about buying a home, be sure to plan for closing costs. Closing costs are typically 2% to 5% of the total purchase price of a home, and they can include things like government recording costs, appraisal fees, and more. Let’s connect so I can answer your questions about the home buying process. 03/31/2023

"Mi Casa Su Casa", meaning My House is Your House. Buy a home with views of Camelback Mountain with the ALWAYS UP TO DATE  Active, Pending and Recently Sold Homes on McCormick Ranch Scottsdale on the day you are reading this. As your Buyer's REALTOR® in McCormick Ranch I can show you all homes listed by All Brokers and look out for YOUR best interests. Give give me a call/text at 480-242-6500 for more information and yes we speak Espanol also. Updated Daily on the MLS! McCormick Ranch in Scottsdale Arizona Detached Homes (Active, Pending, Sold Comps)For my Buyer Clients, I provide all Active, Pending and Recently Sold Homes on McCormick Ranch Scottsdale on MLS UPDATED DAILY for FULL PAGE view. Also, create your own FREE MLS SEARCH Portal in Arizona, my courtesy to you and call me if you... 03/30/2023

We’re in a Sellers’ Market. What Does That Mean? Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list your house?It starts with the number of homes available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers (see graph below):What Does This Mean for You?When the supply of homes for sale is as low ... 03/30/2023

Climb MOUNTAINS and NOT STAIRS in sunny Scottsdale Arizona. Get your exercise hiking the McDowell Mountains or maybe Camelback Mountain or Piestewa Peak. Don't sweat it in your home with these Scottsdale Single Story Homes For Sale on the MLS and ALWAYS UP TO DATE on the day you are reading this. If you need a Buyer's Realtor, I can represent you at no cost to find a home, help you obtain financing if you don't have it, for these homes on the MLS listed by all brokers. Jeff Masich showing single level homes in Scottsdale. (Photo: Camelback and Mummy Mountain viewed from Scottsdale) Scottsdale Arizona 1 Level Homes UPDATED DAILY on MLS For FULL PAGE view Scottsdale Single Story Homes For Sale ALWAYS UP TO DATE and feel free to "filter" or create your own personalized free Arizona MLS Se... 03/29/2023