Posts from October 2023

More Choice for Buyers: Supply Up 22% in 10 Weeks

For Buyers:
The 4th quarter is here, and this is the best time of year to be a buyer in Greater Phoenix! Inventory continues to rise, up 22% in 10 weeks to be exact, and price reductions typically peak in October and November. Most sellers listing in October are motivated to close on their homes before the end of the year, but few are more motivated than builders. New homes make up 22% of active MLS listings and 29% of Maricopa and Pinal County August sales. Builder incentives are including not only closing cost assistance, but select upgrades and significant permanent and temporary rate buy downs. For perspective, let's use a $350,000 loan. If a buyer uses the seller's or builder's closing cost assistance to buy down the mortgage rate by 3% it would save more than $650/month on their payment. Buying the rate down by 2% saves $450/month.

Builders are not the only ones with incentives, however...

Click Here to Read More...

Get the scoop on the Valley's real estate market and find out what's happening in the Phoenix area.  

In this issue: Phoenix Area Market Update PLUS Safest Cities for Trick or Treating, AZ Inflation Slows, Chili Recipe

Click Here to Read More...

You're invited to the 2nd Annual Realty ONE Group Trunk or Treat!

I'm going to decorate my trunk along with several other agents in my office and I hope to see you there! Admission is free. Just bring your treat buckets.

Click Here to Read More...