Phoenix Real Estate and Community News

July 10, 2020

Americans Rank Real Estate Best Investment for 7 Years Running

Americans Rank Real Estate Best Investment for 7 Years Running

Real estate has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years.

The belief in the stability of housing as a long-term investment remains strong, despite the many challenges our economy faces today.

Of the four listed, real estate is also the only investment you can also live in. That’s a big win!

If you’re ready to buy or sell – or maybe both – reach out to us at 480-788-4118 or DM us to put your plans in motion. Now is a great time to consider leveraging your equity and making a move, especially while buyer interest is high. With low mortgage rates leading the way, it’s a great time to take advantage of your position in today’s market.

<👉🏼Subscribe to our You Tube channel-LINK IN BIO or search my name "Awni Abbas" on youtube - Hit the BELL 🔔 icon to turn "ON" your notifications for new weekly videos. We share real estate investing strategies/advice, Insider housing news, current market updates, and we taste many delicious restaurants so that you can check them out and support local!👈🏼>

Awni and Chantell
"AWNTEL"
Realtors specializing in Real
Estate Investing
Sell • Buy • Invest • Multi-Units
480-788-4118

Follow us on Instagram @awntelrealestate

 

Posted in Real Estate News
July 7, 2020

Hows the Market Doing Today?

 

VIDEO HERE: https://youtu.be/CTD0CKEyyS8

 

July 7th 2020 - Hows the Market Doing Today? I discuss the National Market / Local News and the Phoenix Arizona Real Estate Market Update 2020 Snapshot | Employment | Home Sales Prices | Mortgage Rates Etc If you are new to our channel, I am a Real Estate Broker / Agent / Investor here in Arizona, serving the valley for over a decade and a half helping investors, builders, traditional home sellers and buyers. I also do real estate consulting services, if you're looking to learn how to actually invest in real estate and gain wealth through real estate, learn creative strategies like rent to owns/lease option contracts, from traditional resale/multi-family investing, flipping homes, wholesaling/assigning contracts, lots/new build development, etc. Real estate investing is our main specialty. It has completely changed our clients lives and even our own personal lives forever, for the better (even if you are not a Realtor which you don't have to be to know how to do this), I can help. Make sure to like this video and Subscribe to learn more winning strategies and stay on top of the real estate housing market. Cheers from sunny beautiful Arizona, Thanks for watching. Awni and Chantell Abbas "AWNTEL" Realtors specializing in Real Estate Investing Sell • Buy • Invest • Multi-Units 480-788-4118 - ⚠️SUBSCRIBE to our Youtube Channel: https://www.youtube.com/buyandrentaz Hit the BELL icon to turn "ON" your notifications for new weekly videos. We share strategies, Real Estate investing advice, Insider news & current market updates. FOLLOW US on Instagram @awntelrealestate

Posted in Real Estate News
July 6, 2020

Congratulations to the Romero family purchasing their new home! Thank you for the incredible 5 star review!

Congratulations ?to the Romero family purchasing their new home! Thank you for the incredible 5 star review! 🤩🤩Happy to assist and see those beautiful smiling faces. Chantell babe, you are such a beautiful, intelligent, kind spirit. I know you beat out a zillion offers on this one. A true consummate professional!!!!

 



#gratefulheart
#phoenixblogger #phoenixrealtor #phoenixaz #phoenixhomes #phoenixlife #phoenixazrealestate #phoenixaz🌵🌞 #phoenixbusiness #phoenix #phoenixtour #phoenixarizona #supportlocalaz #phoenixinvestors #buyingahome #realestatebroker #sellingahome #realestateinvestor #arizona #phoenixlife

Posted in Buying a Home
July 6, 2020

Latest Unemployment Report: Great News…for the Most Part.

Latest Unemployment Report: Great News…for the Most Part.
The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from 13.3% last month. Again, excellent news as the unemployment rate fell for the second consecutive month. However, there’s still a long way to go before the economy fully recovers as 17.8 million Americans remain unemployed.

Does the shutdown of parts of the economy skew the unemployment numbers?

 
Because the uniqueness of 2020 impacts the employment situation in so many ways, each jobs report is now examined with a microscope to make sure the headlines generated by the report accurately convey what’s happening in the job market.
One such analysis is done by Jed Kolko, Chief Economist at Indeed. He believes the extraordinary number of people in the “temporary” unemployed category confuses the broader issue of how many people have permanently lost their job. He adjusts for this when calculating his “core unemployment rate” (which subtracts temporary layoffs and adds unemployed who didn’t search for a job recently).
The bad news is that his analysis reveals that the number of permanently unemployed is still rising (from 4.6% in April to 5.9% last month). The good news, however, is when you use his methodology to look back at the Great Recession, today’s “core unemployment rate” is significantly lower (5.9% versus 10.5% in April 2010).
Last week’s jobs report was much better than most expected. However, we should remain cautious in our optimism. As the Wall Street Journal explained in their analysis of the jobs report:

“U.S. job growth surged last month, underscoring the economy’s capacity for a quick rebound if businesses continue to reopen and consumers regain confidence. A recent coronavirus spike, however, could undermine trends captured in the latest jobs report.”

 

 

 

Posted in Community News
July 2, 2020

Are new homes going to be available to buy this year?

In today’s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will be starting by the 3rd quarter of this year. With the housing market positioned to lead the way out of this recession, builder confidence might be a bright spark that gets the recovery fire started. The construction of new homes coming right around the corner is a huge part of that effort, and it may drive your opportunity to make a move this year.

New home sales jumped in May, as housing demand was supported by low interest rates, a renewed household focus on housing, and rising demand in lower-density markets. Census and HUD estimated new home sales in May at a 676,000 seasonally adjusted annual pace, a 17% gain over April.

In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Any reading above 50 indicates a positive market.

Moreover, the most recent Monthly New Residential Construction Report from the U.S. Census indicates that authorized building permits for new residential construction increased by 14.4% month-over-month from April to May, and housing starts were also up 4.3% over the same time period.

The gap between homes to buy and the high demand from purchasers may be narrowed by new construction, and the data shows that these homes are on their way into the housing market.
So, if you’ve debated whether or not to sell your house this year because you’re not sure where to move, a newly-built home – designed to your specific liking – may be your answer.

With new residential construction right around the corner, you can feel confident about selling your house and having a place to move into. Maybe it’s time to finally design the home you’ve always wanted. Reach out to us at 480-788-4118
Or DM us to discuss selling your house while demand from eager buyers is high.

Awni and Chantell
Sell • Buy • Invest • Multi-Units
480-788-4118

Follow us @awntelrealestate

Posted in Buying a Home
June 30, 2020

Phoenix Real Estate Market June 2020 - NEW Executive Orders | Home Prices Today | Mortgage Rates

Wrap up of JUNE 2020 National and Phoenix Arizona Real Estate Market News - NEW Executive Orders | Home Prices Today | Mortgage Rates If you are new to our channel, I am a Real Estate Broker / Agent / Investor here in Arizona, serving the valley for over a decade and a half helping investors, builders, traditional home sellers and buyers. I also do real estate consulting services, if you're looking to learn how to actually invest in real estate and gain wealth through real estate, learn creative strategies like rent to owns/lease option contracts, from traditional resale/multi-family investing, flipping homes, wholesaling/assigning contracts, lots/new build development, etc. Real estate investing is our main specialty. It has completely changed our clients lives and even our own personal lives forever, for the better (even if you are not a Realtor which you don't have to be to know how to do this), I can help. Make sure to like this video and Subscribe to learn more winning strategies and stay on top of the real estate housing market. Cheers from sunny beautiful Arizona, Thanks for watching. Awni and Chantell Abbas "AWNTEL" Realtors specializing in Real Estate Investing Sell • Buy • Invest • Multi-Units 480-788-4118

 

VIDEO: https://youtu.be/zu8xYXJu-bM

 

Posted in Real Estate News
June 29, 2020

Wow, amazing review! Thank you! Need help finding a solid renter for your home? Look no further

Need help finding a solid renter for your home? Look no further

#realestateinvestor #realestatebroker #multifamily #phoenixrealestate #arizonarealestate #arizona #phoenix #phoenixaz #tenantplacement #landlords #landlording #landlordproblems #landlordtips #renter #phoenixrealtor

Posted in Real Estate News
June 29, 2020

What’s going to happen to the housing market in the second half of the year?

One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year?
Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging.
Here’s a look at what some experts have to say about key areas that will power the industry and the economy forward this year:
Mortgage Purchase Originations: Joel Kan, Associate Vice President of Economic and Industry Forecasting, Mortgage Bankers Association
“The recovery in housing is happening faster than expected. We anticipated a drop off in Q3. But, we don’t think that’s the case anymore. We revised our Q3 numbers higher. Before, we predicted a 2 percent decline in purchase originations in 2020, now we think there will be 2 percent growth this year.”
Home Sales: Lawrence Yun, Chief Economist, National Association of Realtors
“Sales completed in May reflect contract signings in March and April – during the strictest times of the pandemic lock down and hence the cyclical low point…Home sales will surely rise in the upcoming months with the economy reopening, and could even surpass one-year-ago figures in the second half of the year.”
Inventory: George Ratiu, Senior Economist, realtor dot com.
“We can project that the next few months will see a slow-yet-steady improvement in new inventory…we projected a stepped improvement for the May through August months, followed by a return to historical trend for the September through December time frame.”
Mortgage Rates: Freddie Mac
“Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falling to a yearly average of 3.4% in 2020 and 3.2% in 2021.”
New Construction: Doug Duncan, Chief Economist, Fannie Mae
“The weaker-than-expected single-family starts number may be a matter of timing, as single-family permits jumped by a stronger 11.9 percent. In addition, the number of authorized single-family units not yet started rose 5.4 percent to the second-highest level since 2008. This suggests that a significant acceleration in new construction will likely occur.”

The experts are optimistic about the second half of the year. If you paused your 2020 real estate plans this spring, reach out to us at 480-788-4118 or DM/text/email to determine how you can re-engage in the home buying or selling process.
<👉🏼Subscribe to our You Tube channel-LINK IN BIO or search my name "Awni Abbas" on youtube - Hit the BELL 🔔 icon to turn "ON" your notifications for new weekly videos. We share real estate investing strategies/advice, Insider housing news, current market updates, and we taste many delicious restaurants so that you can check them out and support local!👈🏼>
Awni and Chantell
"AWNTEL"
Realtors specializing in Real
Estate Investing
Sell • Buy • Invest • Multi-Units
480-788-4118
Follow us on Instagram @awntelrealestate
Posted in Real Estate News
June 28, 2020

Think You Should For Sale By Owner? [INFOGRAPHIC]

 

For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent.
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According to the National Association of Realtors’ Profile of Home Buyers & Sellers, 35% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But, homes sold with an agent net 6% more than those sold as a FSBO according to Collateral Analytics.
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Before you decide to take on the challenge of selling your house on your own, connect with us by phone at 480-788-4118 or send us a message by DM to discuss your options.
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<👉🏼Subscribe to our You Tube channel-LINK IN BIO or search my name "Awni Abbas" on youtube - Hit the BELL 🔔 icon to turn "ON" your notifications for new weekly videos. We share real estate investing strategies/advice, Insider housing news, current market updates, and we taste many delicious restaurants so that you can check them out and support local!👈🏼>

Awni and Chantell
"AWNTEL"
Realtors specializing in Real
Estate Investing
Sell • Buy • Invest • Multi-Units
480-788-4118

Follow us on Instagram @awntelrealestate

 

 

Posted in Selling Your Home
June 25, 2020

Should we be looking at unemployment differently?

The New York Times recently ran an article regarding unemployment titled: Don’t Cheer Too Soon. Keep an Eye on the Core Jobless Rate. The piece suggests we should look at unemployment numbers somewhat differently. The author of the article, Jed Kolko, is a well-respected economist who is currently the Chief Economist at Indeed, the world’s largest online jobs site. Previously, he was Chief Economist and VP of Analytics at Trulia, the online real estate site.
Kolko suggests “the coronavirus pandemic has broken most economic charts and models, and all the numbers we regularly watch need a closer look.” He goes on to explain that the decline in the unemployment number reported by the Bureau of Labor Statistics (BLS) earlier this month was driven by a drop in temporary layoffs. If we strip those out, we’re left with what Kolko calls the core unemployment rate. Many economists have struggled with how to deal with the vast number of temporary layoffs, as a complete shutdown of the economy has never happened before.
73% of all unemployed people said they were temporarily unemployed, which means they had a return to work date or they expected to return to work in 6 months. Before the pandemic, temporary unemployment was never more than one-quarter of total unemployment.
The core unemployment rate handles this issue and also deals with another concern economists have discussed for years: the exclusion of the marginally attached. These are people who are available and want to work, but count as out of the labor force rather than unemployed because they haven’t searched for work in the past four weeks.
Kolko’s core rate does three things:
  1. Takes out temporary unemployment
  2. Retains the rest of the standard unemployment definition: permanent job losers, job leavers, and people returning to or entering the labor force
  3. Adds in the marginally attached
The unemployment rate is a key indicator of how the economy is doing. Heading into a highly contested election this November, the BLS report releasing next week will be scrutinized like no other by members on both sides of the aisle. Mr. Kolko’s take is just one additional way to evaluate how unemployment is impacting American families.
Posted in Community News