The Valley's
Leading Agent
Russell Shaw
August 2021
Real
My team and I help more people move than any other agent or team in Arizona. I'm not bragging, I'm applying for a job. I want to be YOUR Realtor!


The Best Appliance Trends of the Year
The last year-and-a-half has been focused on home design. The pandemic has led people to spend more time in their homes than maybe they ever envisioned, and that’s meant a lot of home renovation projects.
      Many people are focused on really making their homes completely their own, and that includes when it comes to their kitchen appliances.
      With that in mind, the following are some of the appliance trends that are popular right now and can quickly turn your kitchen into your favorite room.
      Customizable Refrigerator Doors Samsung recently debuted a beautiful appliance in their 4-Door Flex Refrigerator. The
Mortgage Rates
U.S. averages as of August 2021:


30 yr. fixed: 2.8%
15 yr. fixed: 2.1%
5/1 yr. adj: 2.45%






refrigerator has customizable door panels. You can choose between classic colors like black and unexpected options like pink glass and navy blue glass. There are a total of eight color options, and
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How Does Inflation Affect Real Estate?
     We’re hearing a lot in the news about inflation right now.
      The inflation rates have been going up at record-breaking paces. Some of that is to be expected during a period of economic recovery following the COVID-19 pandemic, but there are concerns being echoed by some financial analysts.
      Inflation refers to the decline of purchasing power of a currency over time, to put it somewhat technically. Basically, what inflation means is that you have less purchasing power with the same amount of money.
      So, how does this affect real estate?
      Home Construction Costs Right now, one of the most obvious and direct effects we see of inflation on the real



What Does It Mean to Build Equity?
     If you own a home, one of the benefits compared to renting is that each month you’re making mortgage payments, so you’re building an asset which is equity. Equity refers to the amount of your home that you truly own after you take into account the debt you owe.
      To calculate your current equity, you should subtract your loan balance from your home’s market value. 
      If the number is negative, then your home is worth less than what you owe on it. That means you have upside-down equity.
      This is obviously not the goal. The goal is to grow your equity over time as you pay your loan. Until you pay off your mortgage, even though you’re considered a homeowner, your lender still has an interest in your property.
      You own your home, but it’s collateral for your loan.
      How Does Equity Work? If you bought a

July 2020 Phoenix Video Market Update

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THE HIDDEN FACTOR IN TODAY’S REAL ESTATE MARKET

The Median price for homes in the greater Phoenix area is up a whopping 32% from 2020.  Prognosticating the real estate market is a thankless job – but unlike the stock market some predictions are fairly safe to make.

What to know if you are a buyer:

Prices are going to continue to go up until supply increases significantly.  The exact amount and rate of appreciation is what is unknown.  The fact that they will continue to rise is predictable.  If interest rates are low (they are, but won’t be forever) and prices are going to rise for the next year (they will) it makes sense to buy now.  So our advice?  If you are a buyer who can buy, buy now.

What to know if you are a seller:

Seasonally the market typically slows in the back half of the year once the spring buying season is over.  Last year the pandemic extended the buying season as people could not flee the valley for vacations.  This year we expect, as in years past, activity to gradually slow through the end of the year.  However, as long as supply remains low, prices will increase – just not as rapidly as the first half of the year.  To quote Tina Tamboer of the Cromford Report: “At its current rate of decline, the Greater Phoenix market is still projected to remain in a Seller Market for 16 months. That’s a target of October 2022 before prices stop rising. As the Seller Market weakens, appreciation rates will still be positive moving forward but there will be a little more supply to accommodate demand.”.

Hidden Market Factor: But there is a hidden market factor that sellers should be aware of that could affect them.  The expiry of Governmental home retention programs. Tina further explains: “However this year there’s an event coming up that could alter that scenario, that is the end of forbearance for many homeowners. While the vast majority of forbearances have ended with homeowners staying in their home, anywhere from 16%-20% have resorted to selling their home one way or another according to the Mortgage Bankers Association. This could result in an increase in supply over the next few months, adding extra days of marketing time to your listing and possibly a few price reductions.”  For sellers concerned about this, now may be the time to sell.

As always, we will continue to watch the numbers and keep our clients informed.  Want an up-to-date forecast for the market whether buying or selling?  We are here to help and inform.  Contact us.

 



  Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
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Russell Shaw, Realtor®
E-mail: russell@nohasslelisting.com
Website: http://www.NoHassleListing.com
602-957-7777
Toll-Free 866-357-3604
Realty ONE Group
602-957-7777
11211 N. Tatum Blvd., Ste. 100
Phoenix, AZ 85028


Equal Housing Opportunity

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