What Impact Might COVID-19 Have on Tucson Home Values?
What Impact Might COVID-19 Have on Tucson Home Values? A big challenge facing the housing industry is determining what impact the current pandemic may have on Tucson home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by […]
The Great News About Rising Prices for Homeowners in Tucson, Arizona
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise. This has been […]
Home Prices Up 5.61% Across The Country!
Arizona home prices are up 8.3% year-over-year! Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Vermont […]
Home Values: DEFINITELY NOT in Bubble Range!
There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to today. The graph definitely looks like […]
Home Prices Are Up…but there is a Challenge
Home values continue to climb in Tucson, AZ and are projected to increase by about 5% over the next twelve months. That is great news for anyone who owns a home. However, it could present a challenge for a family trying to sell their house. If prices are surging, it is difficult for appraisers to […]
Past, Present & Future Home Values
Past, Present & Future Home Values In CoreLogic’s latest Home Price Index, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month, and projected appreciation over the next twelve months. Tucson, Arizona home values are predicted to increase 7.7% in the next year! NOW IS A GREAT TIME […]
Home Prices: Where Are They Headed Over The Next 5 Years?
Home Prices: Where Are They Headed Over The Next 5 Years? Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where […]
Distressed Property Sales Hit New Low
Distressed Property Sales Hit New Low TheNational Association of Realtors (NAR) just released their Existing Home Sales Report revealing that distressed property sales accounted for 6% of sales in October. This is down from 9% in 2014 and the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that […]
Where Will Home Prices In Arizona Be Next Year?
Where Will Home Prices In Arizona Be Next Year? Some interesting facts: Arizona is forecasted to have a 6.4% year-over-year appreciation. 25 states are forecasted to achieve higher levels of appreciation in the next 12 months than already achieved in the last year. 25 state and the District of Columbia are forecasted to experience a […]
The Starbucks Effect On Home Prices
The Starbucks Effect On Home Prices Will Shock You! I recently read the book Zillow Talk: The New Rules of Real Estate written by Spencer Rascoff the COE of Zillow and Stan Humphries the Chief Economist of Zillow and chapter 4 in the book talked about the impact of Starbucks on home values. I was amazed […]
What is a Zillow Zestimate and Is It Accurate?
Often misunderstood by the public: What is a Zillow Zestimate and Is It Accurate? Zillow is a great real estate tool and used by many who are researching real estate. 92% of people who are looking to buy or sell a home or rent start online before reaching out to a Realtor®, so getting accurate info online […]