June 8, 2017

Renting vs. Buying

Have you ever thought, "I wonder if now is a good time to rent?". No, I am sorry it is not! It never is a good time to rent! Rents have steadily increased throughout the years, and does not seem to be slowing down. Did you also know that buying ...

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Dec. 16, 2016

Say Goodbye to those Low Mortgage Interest Rates!

The Federal Reserve finally raised interest rates this past week, something that we have been anticipating for a few years. Many of you are wondering how does this affect me when buying a home? Well, there is a lot of misunderstanding regarding how the Fed interest rate affects homebuyers. First ...
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Nov. 22, 2016

Is Your Dated Kitchen the Reason Your Home Won't Sell?

When it comes to home buyers, there are a few deal-breakers. While deal-breakers can vary from one home buyer to the next, we do know a few things that can make a home buyer go from wanting to sign on the dotted line to running out of your home.

That ...

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Nov. 15, 2016

How President-Elect Donald Trump is Affecting Mortgage Interest Rates

Now that things have settled a little bit since the election, we have an idea about how Trump’s victory will have an impact economically. 

Current Rates

The estimates below are based on someone with a credit score of 740.

FHA 30 year fixed: 3.75% - 3.875%

Conventional Financing ...

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Nov. 8, 2016

The Time to List is Now!

Recent National Association of Realtors (NAR) reports are indicating that now is a great time to sell! We all know the basics - it is best to sell when supply is low and demand is high - and the recent NAR reports indicate just that. Taking a look at the Pending Home Sales ...

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Oct. 31, 2016

Monthly Market Update

As we close out the month of October and usher in November, it's time to take a look at how the pricing across the valley has been behaving.

Predictions vs Reality

The Cromford Report predicted that we would be seeing a price per square foot ($/sqft) of $139.37 ...

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Oct. 18, 2016

Buyers or Sellers Market?

We have talked a lot in previous posts about the terms buyers and sellers markets, but you may be curious about what exactly that means. If you take a look at the graphic below from Keeping Current Matters, you can get a good summary of how a market is determined ...

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Sept. 27, 2016

Rental Rates Keep Increasing So That Is Turning Renters into Buyers!

According to a national study by Axiometrics and reported by The Arizona Republic, the average rent in the Valley has increased in the last 22 out of 23 months. That means that rental rates have been on steady upward tick for nearly two years! This can be seen based on ...

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Aug. 23, 2016

What's With the Slowdown?

The Cromford Report has taken a look at the month of August so far and come up with some great insight.

Listings Under Contract: up 12%

Monthly Median Sales Price: up 7.1%

For Buyers:

If you’ve been frustrated over the past 5 months due to high buyer demand within ...

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Aug. 16, 2016

Where Does Your City Rank in Home Value Appreciation

The ranking of 41 local cities by annual average price per square foot has been updated and published. In the following lists, comprised for us by The Cromford Report, we see cities that have depreciated, appreciated below average, appreciated average to moderately above average, and overperformed over the past 12 ...

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