Posts Tagged ‘Arizona Homes’
What Past Recessions Tell Us About the Housing Market
Kevin Brierton – 1.16.2023 It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in-depth, let’s lean on the experts and what history tells us to see…
Read MoreIs It Time To Sell Your Second Home?
Kevin Brierton – 1.12.2023 During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by…
Read MoreToday’s Housing Market Is Nothing Like 15 Years Ago
Kevin Brierton – 1.11.2023 There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities,…
Read MoreThe Truth About Negative Home Equity Headlines
Kevin Brierton – 1.10.2023 Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you. In truth, the headlines don’t give you all the information you really need to understand what’s happening…
Read MoreWhat Experts Are Saying About the 2023 Housing Market
Kevin Brierton 1.9.2023 If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023?…
Read MoreUnderstanding the Steps of the Homebuying Process
Kevin Brierton – 1.8.2023 So you’re ready to buy a house, but you aren’t sure how the whole process works. While each real estate deal is different and can vary in a multitude of ways, for the most part, buying a house is pretty straightforward and follows the same timeline. It’s important to keep a…
Read More3 Best Practices for Selling Your House This Year
Kevin Brierton – 1.5.2023 A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one. A great way to ease some of those emotions and…
Read MoreAvoid the Rental Trap in 2023
Kevin Brierton – 1.4.2023 If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward. In the…
Read MoreWondering How Much You Need To Save for a Down Payment?
Kevin Brierton – 1.3.2023 If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process harder than it could…
Read MoreWhat Are Your Goals in the Housing Market This Year?
Kevin Brierton – 1.2.2023 If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the…
Read MorePlanning To Sell Your House? It’s Critical To Hire a Pro.
Kevin Brierton – 12.29.2022 With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you’re thinking of selling your house, it’s important to understand how the market has changed and what that means for you. The best way to make sure you’re in the know is to work with…
Read MoreApplying For a Mortgage? Here’s What You Should Avoid Once You Do.
Kevin Brierton – 12.28.2022 While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders need to…
Read MoreConfused About What’s Going on in the Housing Market? Lean on a Professional.
Kevin Brierton – 12.27.2022 If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or…
Read MoreFinancial Fundamentals for First-Time Homebuyers
Kevin Brierton – 12.26.2022 Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Build Your Credit…
Read MoreWhat Makes a House a Home?
Kevin Brierton – 12.22.2022 There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too. Home means something different to all of us. Whether it’s sharing memories with…
Read MoreWhat To Expect From the Housing Market in 2023
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This…
Read MoreHomeowners Still Have Positive Equity Gains over the Past 12 Months
If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was…
Read MoreMortgage Rates Are Dropping. What Does That Mean for You?
Kevin Brierton – 12.19.2022 Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of…
Read MorePlanning to Retire? It Could Be Time To Make a Move.
Kevin Brierton – 12.15.2022 If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are…
Read MoreYou May Have More Negotiation Power When You Buy a Home Today
Kevin Brierton – 12.14.2022 Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from…
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