Despite Dip in Valley Permits, There are Still Lots of Homes Out There
One of the important metrics for evaluating the health of the housing market is the number of single-family home building permits issued. The higher the number of permits issued, the more growth in the market. [...]
Making Sense Out of Mortgage Rate Reporting
It can be hard to make sense of reports about mortgage rates. Last Wednesday, for example, Mortgage News Daily posted a mortgage rate update on their site with the headline, “Mortgage Rates Surge Well Into [...]
Is Homeownership Hereditary?
Everyone knows that houses can be inherited, but can homeownership? It would seem that the answer to that question is “yes.” Homeownership is a Family Trait Recently, the Urban Institute conducted research on homeownership [...]
Understanding the Difference Between Pre-Approved vs. Pre-Qualified
In a competitive real estate market like metro Phoenix, home buyers--especially first time home buyers--need to use any edge they can to make them more appealing to sellers. Apart from having wheelbarrows full of [...]
Increased Labor Costs–Who Pays the Premium?
In the wake of the housing crash of 2008, thousands of construction workers across the country suddenly found themselves unemployed. Ten years later, labor shortages in the construction industry are affecting the cost of housing [...]
As Phoenix Home Prices Continue to Rise, It’s Still a Good Time to Buy
Here in Phoenix, home values have been steadily increasing and the long term trend has favored sellers over buyers. This means, if you're worried you won't get your money out of the house you're [...]