Market Update

Market Update Are Home Prices Going Up or Down? That Depends… Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M). […]
Market Update FHA Cuts Mortgage Insurance Costs by 30% The Biden administration has announced new measures it says could help make buying and owning a home more affordable for hundreds of thousands of people. The plan will cut mortgage insurance costs by 30% for buyers who take out Federal Housing Administration (FHA) backed mortgage loans, from 0.85% to 0.55%. The reduction could save 850,000 homebuyers and […]
Market Update AZ Market Update 9/2022 Market Update in Arizona                                               September 2022 Our Arizona market overall is now “balanced”, with supply and demand meeting in the middle. This is quite a departure from the frenzy we have been […]
Market Update It’s Actually a Really Good Time to BUY or SELL a Home! There is no doubt that there have been massive changes in the housing market recently.  Throughout 2020-2021 home values increased about 29% (normal yearly increase in home value is 3-4%).  It was not uncommon for homes to receive multiple offers over asking price with appraisals and inspections waived.   This was driven by the COVID pandemic […]
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