Hi All :) ~
Some say that we are in the midst of a housing correction however hard data says differently. Given the current economic climate we might be in more of a housing shortage than anything else. Rates will probably come down in the fall again to help with affordability issues. Take a look below :)
~Jason
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Hi All,
Everyone is talking about recent rate changes. Interest rates are nearly 3% lower than what we saw in 1999—the last time the economy was doing extremely well. With the economy heating up due to the added stimulus from the new tax plan, it’s important to focus on the COST of waiting.
Let’s look at an example. If you are looking to purchase a home with a $250,000 loan but decided to wait, and rates soared back up to 7.5%. If you had locked sooner, at a 3% lower interest rate, your monthly payment could have been $433 CHEAPER.
Think about what you could save in just one year alone!
Please feel free to reach out to Megan or I to discuss your options, how to maximize your home purchase power and how we can negotiate a great deal on a home.
~Jason
You MUST read this article from Holly Amaya if you or anyone you know are considering selling their Arizona home.
Message us via Facebook, Email or text 480-442-2502 if you have further questions or would like to discuss selling your home for a MAXIMUM profit. Save Thousands with our VIP Program.
It's been nearly a decade since the Great Recession delivered the worst housing crash in modern memory. But these days, the fallout feels squarely in the rearview mirror. Markets have bounced back with fervor, and confidence is skyrocketing: From Charlotte, NC, to Stockton, CA—and everywhere in between—homes are flying off the market at record prices, and buyers are still clamoring to get in the game. Arizona has been and continues to be one of the hottest real estate markets in the country. Thanks to proper city planning, amazing weather, and affordability along with job growth cities such as Gilbert, Chandler, Scottsdale, and Queen Creek have made national / International news (Canadians).
One thing is clear: It's a great time to be a seller.
"We’ve seen a few years of what could be considered unsustainable levels of price appreciation, as well as an inventory shortage that resulted in a record low number of homes for sale across the country," says Javier Vivas, director of economic research for realtor.com®.In other words: Today's buyers are exhausted. And in many cases that means they're willing to sacrifice to get a toehold in the market.
Sounds like the stuff of seller's dreams, right? But know this: If you plan to sell in 2018—and you want to unload your home quickly and for maximum money—your window of opportunity may be rapidly narrowing. Here's why you should get moving ASAP.
We may not be enjoying the rock-bottom interest rates of yore, but by historical standards, today's 30-year mortgage rates—hovering just above 4%—are still low. And experts agree mortgage credit will remain relatively cheap for most of the year.
That means the getting's still good for buyers—and, subsequently, for sellers looking to unload their homes.
But rates are on the rise, and it's been widely predicted that they'll reach 5% before year's end. Buyers know that the longer they wait to buy, the more expensive it will be.
Roughly translated, that means you'd be wise to list your home earlier in the year, before more rate hikes kick in. Not only will you capture the market of buyers scurrying to close a deal, but if you're buying after you sell, you'll also benefit from those lower rates.
Simply put, there are more buyers than available homes—particularly in red-hot markets where land is scarce and it isn't cheap to build.
And the housing shortage will likely get worse before it gets better: Realtor.com data predict inventory will remain tight in the first part of this year, reaching a 4% year-over-year decline by March.
Sellers, that means this is your opportunity to be wooed. Buyers, their choices limited, are going to great lengths (and making some major concessions) to win the house, says Katie Griswold, a Realtor® with Pacific Sotheby's in Southern California.
"We're in a very favorable seller's market," she says. "We're seeing bidding wars—which push up prices—and buyers are submitting offers with very pro-seller terms, like forgoing the repair request or waiving the appraisal contingency."
And cash investors are in the mix, too, accounting for 22% of all home sales transactions in November 2017 (up from 20% in October), according to the National Association of Realtors®.
Those cash buyers are snapping up homes in an already tight market and keeping some first-time buyers at bay (sorry, buyers!). But if you're selling, you stand a better shot at an all-cash offer—one you just might be crazy to refuse.
Of course, there's a catch: Inventory levels are predicted to begin rising in the fourth quarter, marking the first inventory gain since 2015 and setting the stage for more dramatic housing gains to come. So if you're thinking of selling, start preparing now in order to walk away with a sweet paycheck.
From coast to coast, home prices continue to rise—which translates to more money in your pocket when you sell.
But the gains are predicted to be more moderate than in years past. Realtor.com data suggest a 3.2% increase year over year, after finishing 2017 with a 5.5% year-over-year increase.
Bottom line: You still stand to make a pretty profit if you sell this year, but the earlier you can list, the better off you'll be.
Record levels of consumer confidence, low unemployment, and stock market surges are setting the stage for high home buyer turnout in 2018. For the first time since the 1960s, the Fed has projected that the unemployment rate will drop below 4%, and the domestic stock market is enjoying a nearly unprecedented rally.
The housing market is already reflecting this boom: Existing-home sales soared 5.6% in November 2017 (the most recent month for which data are available) and reached their strongest pace in almost 11 years, according to the NAR.
"Incomes are growing and people are finding better and more stable jobs," Vivas says. Buyers "are feeling pretty good about (their) finances."
And thanks to the GOP tax legislation, which nearly doubles the standard deduction, we'll see fewer people itemizing, says National Association of Home Builders Chief Economist Robert Dietz.
"The income effect of that is that most people are getting a tax cut—which should help (buyer) demand," Dietz says.
All of these factors combined mean more buyers could be on the hunt, with more money in their pockets to shell out on a home for sale—possibly yours!
Millennials, often crippled by student debt, have been especially hampered by rising interest rates and high home prices.
But the aforementioned conditions are ripe in 2018 for these first-time buyers to take the plunge, and experts predict that millennials will make up a vital part of the buyer pool over the coming year: Millennials could account for 43% of home buyers taking out a mortgage in 2018 (a 3% year-over-year increase), according to realtor.com data.
"As people move into their 30s, they're looking to move from renting to homeownership," Dietz says. "And we predict that trend will continue even more this year."
More home buyers flooding the market can only mean good things for sellers—at all price points.
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Jeff Bezos’ Amazon and Warren Buffett’s Berkshire Hathaway are forming their own healthcare company with JPMorgan Chase to increase transparency for their employees, and that could be bad news for insurers and pharmacy benefit managers.
Health insurance companies and PBMs have long said they want to bring more transparency to the U.S. healthcare system, yet consumers often don’t know the true cost of healthcare. Prices are negotiated in secret and doctors don’t often know what their own services cost or what their patients will be charged.
Details of the new company the three corporate giants want to create remain sketchy, but the idea that they want to bring more transparency is one of the disclosed goals. “Our people want transparency, knowledge and control when it comes to managing their healthcare,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase.
Those who’ve been engaged in the struggle to find the true cost of healthcare have been working for years with limited success. Often times, they have difficulty getting data from health plans or medical care providers.
“Resistance to transparency in healthcare remains high,” says Network for Regional Healthcare Improvement CEO Elizabeth Mitchell, who welcomes Amazon, Berkshire and JPMorgan’s new company. “Employers who pay for this care still don’t have insight into the relative value of what they are buying. They are looking for a way to have assurance that they are paying a fair price for a high quality service.”
The Network for Regional Healthcare Improvement has long said any health reform effort needs to look closely at transparency because data that reveals the total and true cost of care is difficult to find. In a report last year, NRHI said health spending by U.S. commercial insurers can vary by $1,000 or more per year per patient, depending on where enrollees live.
The potential for the Amazon-Berkshire healthcare company to disrupt the way health plans do business is one reason shares of many healthcare companies tumbled Tuesday after the partnership was announced.
Shares of insurers like Aetna, Anthem and UnitedHealth Group lost 5% to 10% of their value while pharmacy chains CVS Health, Walgreens Boots Alliance and drug makers with expensive medicines like Abbvie also took a hit on Wall Street. And the big PBM, Express Scripts, also lost more than 2% of its value Tuesday.
Nobody knows for sure what Amazon, Berkshire and JPMorgan have in mind because they said their effort is in its “early planning stages.” The trio tapped three executives to get the company off the ground: Todd Combs, an investment officer of Berkshire Hathaway; Marvelle Sullivan Berchtold, a Managing Director of JPMorgan Chase; and Beth Galetti, a Senior Vice President at Amazon. No further details were disclosed, including where the company would be located.
Some think Amazon could leverage its technology platform to make a dent in the healthcare cost curve and improve transparency.
“Amazon may spur new technology innovations” such as artificial intelligence or information sharing platforms that “can increase the efficiency of healthcare delivery,” said Idris Adjerid, a management IT professor in the University of Notre Dame’s Mendoza College of Business. “Our research substantiates this potential value. We find that technology initiatives, which facilitated information sharing between disconnected hospitals resulted in significant reductions in healthcare spending.”
Studies show 30% of the money spent on healthcare is waste. Amazon, Berkshire and JPMorgan said the initial focus will be on “technology solutions” that will provide U.S. employees and their families with “simplified, high-quality and transparent healthcare at a reasonable cost.”
But given Amazon’s popularity among consumers and the decades of success Buffett has built with his businesses, the executives say improving patient experience and customer service will also be a target of the new company.
Source: https://www.forbes.com/sites/brucejapsen/2018/01/31/if-amazon-and-buffett-lift-veil-on-health-prices-insurers-are-in-trouble/#670d73c641c0
If you have been considering purchasing a home, you may be curious to know if this is the right time in the market to make your move. The market is fast changing, with new laws coming into play, interest rates are constantly rising, and a whole slew of things buyers have to face when it comes time to picking the right house. What does that mean for you? Well, that there isn't a better time to buy than now. Let's break down the benefits of purchasing a home now, instead of waiting.
1. INTEREST RATES ARE SOARING
If you haven't been keeping up with the real estate market, you might be missing out on the data around interest rates. They are going up, and they are going up fast. 5% may not seem like a lot, but can be the difference between hundreds, or even thousands, of dollars on what you are paying out towards your loan on a monthly basis. Would you want to pay an extra $200 towards interest for your loan each month, or would you prefer to pocket that $200? Well we know the answer to that.
Buying a home now while interest rates are at a low is going to be an advantage, both now, and long term. Take advantage of today's rates and purchase a home that doesn't cost you extra just because of interests.
2. HOME PRICES ARE INCREASING
Have you been hearing about folks complaining in your market about the price of homes going up? Well those prices are going to continue climbing. A home that is $200,000 now, could go up to $400,000 in 10 years because of market conditions. We also are aware that wages are not increasing as steadily as the cost of living. Purchasing a home in today's market can get you a bigger and better deal on a house than if you were to wait a few years. Especially in hot city markets, where prices are virtually guaranteed to sky rocket, making a move now can save you hundreds of thousands.
3. COMPETITION IS GETTING BIGGER
Population growth is a real thing, and with more people, comes more competition for homes. Homes are selling faster, which means a high demand increases home prices. Buying your home now, while the competition isn't as strong as it could be 5 years from now, helps you get a better deal on the home you want now then if you were to wait it out.
So, in conclusion, the ball is in your court in today's market. There isn't ever a better time to purchase then now. Avoid the competition and the increase in fees and prices, and take advantage of a market that is still in the buyer's favor.
The listings below include ALL homes for Sale in Gilbert, Gilbert Condos, Gilbert Foreclosures, Gilbert Short Sales and Luxury homes in Gilbert. Check out the popular 1-Click searches like Gilbert Homes for Sale with a Pool or Horse Property for Sale in Gilbert Arizona.
NEW LISTING! 31049 N KAREN AVE, San Tan Valley, AZ 85143 | Exclusively listed by Signature Realty Solutions 480-422-5358 
SEE MORE PHOTOS AND CURRENT PRICE OF 31049 N KAREN AVE, San Tan Valley, AZ 85143
Price: View Current List Price
4 BEDROOMS | 2.5 BATHROOMS | 2486 SQ FT
For additional information or to request a private showing on 31049 N KAREN AVE, San Tan Valley, AZ 85143, please call (480) 422-5358 or fill out the Request More Information form. Do you have a home to sell similar to this one? It might be worth more than you think. Call me to discuss or use our 15 second home value estimator.
Cross Streets: BELLA VISTA AND GANTZEL
Directions: BELLA VISTA EAST, RIGHT ON LEANNE TO LEFT ON SILVERSMITH TO KAREN.
Description: CLEAN & UPGRADED HOME - Fresh 2 Tone Neutral Paint! 2 Story Home in the Popular Rancho Bella Vista South with 4 Bedrooms PLUS LOFT and Deep lot with NO HOMES BEHIND. 4th Bedroom DOWNSTAIRS! OPEN FLOORPLAN with Formal Living/Dining Room. HUGE Kitchen with TONS of Cabinets with Island and GRANITE COUNTERTOPS and LARGE PANTRY. FANS throughout the home. Master Suite and 2 bedrooms are UPSTAIRS and has HUGE walk in closet. ALL LARGE BEDROOMS SIZES with HUGE Walk in Closets! Master Bath has Large Garden Tub with Dual Sinks and TONS of Storage! Built In BBQ, Koi Pond and No Maintenance Synthetic Grass! Close to EVERYTHING - Banner Ironwood, Poston Butte High School, Central Arizona College and charter and public schools. Community parks and greenbelts!
Other 4 Bedroom or Larger Homes for Sale in San Tan Valley AZ
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Cross Streets: Ellsworth/Cloud
Directions: S. on Ellsworth, E. on Via De Palmas, (if you get to Cloud you went too far) L. 209th Ct., R on Via De Olivos, L on 210th Pl., Curve right on to Cherrywood. Home is on Left.
Description: Attractive, clean home on an OVERSIZED lot with NO NEIGHBORS BEHIND! Lots of UPGRADES too. Energy Efficient build! Beautiful cabinets and plenty of counter space. GRANITE countertops and STAINLESS STEEL appliances. GAS STOVE! Tile in all the right places, including the whole bottom level! NO FORMAL AREAS! Neutral paint scheme. Upstairs has 4 LARGE bedrooms and conveniently, the LAUNDRY room! TONS of STORAGE SPACE. MASSIVE Master Luxury Suite has VAST closet with Dual Sinks and OVERSIZED WALK IN SHOWER! Laundry room UPSTAIRS for convenience! NORTH/SOUTH FACING with MOUNTAIN views! GRASS BACKYARD. EXPOXY COATED GARAGE FLOOR. Award Winning Queen Creek Schools with parks and greenbelts. Walking distance to Splash pad, dog park, restaurants and all the new shopping in QC!
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SEE MORE HOMES FOR SALE SIMILAR TO THIS HOME
SEE MORE PHOTOS AND CURRENT PRICE OF 2699 E Cowboy Cove Trail San Tan Valley AZ 85143
Price: View Current List Price
4 BEDROOMS | 2 BATHROOMS | 1527 SQ FT
For additional information or to request a private showing on 2699 E Cowboy Cove Trail San Tan Valley AZ 85143, please call (480) 422-5358 or fill out the Request More Information form. Do you have a home to sell similar to this one? It might be worth more than you think. Call me to discuss.
Cross Streets: Ganzel & Rancho Bella Vista
Directions: East on Bella Vista, South on Tourmaline, West on Silversmith, South on Opal, West on Cowboy Cove Trail.
Description: Freshly Painted INSIDE and OUT! This lovely 4-bedroom, 2-bath home is just waiting for its new family. NEW CARPETS in the bedrooms, TILE everywhere else. SINGLE LEVEL with SPLIT floor plan. LARGE BACK YARD with covered patio. Close to Poston Butte High School, Central Arizona College and charter and public schools. Community parks and green belts. Make this a MUST SEE home.
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For low-income families, buying a home can seem out of reach. On top of financial stress, the competitive marketmay make buyers feel like they will never find a home they can afford. If you dream of buying a house but have lost hope because of you don’t think you can afford it, don't give up. There are several things you can do to help make your dream of buying a home into a reality.
Search in More Affordable Neighborhoods
When trying to buy a house in a competitive market, you might see high-end houses snapped up in minutes. In order to avoid bidding wars and having to either walk away or agree to a price way outside your budget, consider looking at areas with less interest. This includes neighborhoods you may have written off – you may find a hidden gem in an area you originally ignored.
Consider neighborhoods farther away from downtown, which often have lower house values. You could get more bang for your buck in terms of home size and outdoor space in these areas. Some neighborhoods on public transit lines may end up being quicker commutes than areas closer to downtown metros.
Save for Amenities
If switching neighborhoods isn’t an option, scale back on your must-have list. A great home doesn't have to come with all the bells and whistles and you can save up to make gradual improvements after you purchase your home. Several aspects of residential properties can increase the value of a home:
Houses without these characteristics are often less expensive and a good place to start when looking for affordable homes.
FHA Loans
FHA loans are mortgages approved by the Federal Housing Administration (FHA). Borrowers only need 3.5% of the total price for a down payment and a minimum credit score of 580. These kinds of loans are helpful if you can't afford to save tens of thousands of dollars for a down payment. Even if you have recently gone through a bankruptcy, you might still qualify for an FHA loan.
There are a few downsides to an FHA loan. You will be required to foot two types of mortgage insurance premiums: one upfront premium that’s built into the mortgage payment, and an annual premium that you break down into monthly payments. The house you want to buy must also meet Minimum Property Standards and pass an inspection from an FHA-approved appraiser.
Additionally, you must meet a number of other requirements to qualify for an FHA loan.
Reduce Utility Expenses
Owning a home comes with additional costs you should consider, especially if you’re moving to a house from a rental apartment. Not only do you need to pay a mortgage and save for a down payment, you'll also have higher utility bills, and any repair bills fall on you. Maintaining the day-to-day aspects of a house can be expensive, but there are ways to cut these costs.
Several states and utility companies have programs to help low-income residents pay for services. These programs include energy assistance, utility assistance, housing initiatives, and more. Other options such as Access from AT&T provide low income households with internet service for as low as $5 a month. Some states even provide cell phones for low-income residents.
Be sure to do research on what programs are available for low income families at both the state and federal level – most states have numerous forms of income-qualified assistance programs.
Other Government Assistance Programs
There are dozens of programs available to assist low-income families with dreams of buying a home in the near future. Some programs are available through the U.S. Department of Housing and Urban Development (HUD), while others are funded through different government branches.
Difficult finances shouldn't keep you from living in a home suitable to your family's needs. There are dozens of options available for individuals from all backgrounds. If you would like to reach your dream of owning a home, investigate your options and find what works for you.
