Phoenix Real Estate and Community News

Nov. 19, 2019

Phoenix Arizona News Real Estate Housing Market Update - November 19th 2019

Phoenix Arizona News Real Estate Housing Market Update - November 19th 2019. Latest market news here in Phoenix, Arizona. Whether you are a home buyer, home seller, real estate investor, builder, or even a flipper, these videos will help educate and inform you in making intelligent decisions when it comes to real estate investing.
 
Watch the video to learn more,
Thank you for watching-
 
Awni and Chantell Abbas
"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
Nov. 14, 2019

How to Sell Your Home Fast by Owner - 3 Important Tips

While the market is shifting, many still consider it to favor sellers. Luxury property sales have begun to slow, but many affordably priced homes are still moving quickly. When a home sits on the market for too long, you begin to dread that it will not move at all. If you have a home that isn’t receiving any offers, even in a seller’s market, it’s time to re-evaluate what’s happening and see what you can change.
 
Here are 3 important tips on how to sell your home faster and for more money!
 
Watch the video to learn more,
Thank you for watching-
 
Awni and Chantell Abbas
"AWNTEL"
Realtors specializing in Real Estate Investing
Sell • Buy • Invest • Multi-Units
480-788-4118
Posted in Selling Your Home
Nov. 4, 2019

Phoenix Arizona Real Estate Housing Market Update at new Greek Mediterranean Restaurant!

Phoenix Arizona Real Estate Housing Market Update at new Greek Mediterranean Restaurant!! - November 2019. Whether you are a home buyer, home seller, real estate investor, builder, or even a flipper, these videos will help educate and inform you in making intelligent decisions when it comes to real estate investing.
 
Also, please check out the delicious new Greek and Mediterranean restaurant that just opened called "Zuki's Pita" in central Phoenix! Located at 4522 N 19th Ave Phoenix, AZ 85015. Open 7 days a week, too!
 
They have fresh food from gyros, to falafel, to hummus, to kafta kabob platters and sandwiches. Really good!!!
 
Thank you for watching!
Awni and Chantell Abbas
"AWNTEL"
Realtors specializing in Real Estate Investing
Sell • Buy • Invest • Multi-Units
Follow us on INSTAGRAM: @awntelrealestate
480-788-4118
Posted in Real Estate News
Oct. 28, 2019

Phoenix Arizona News - Real Estate Investing - Real Estate Housing Market Update - October 26th 2019

Phoenix Arizona News - Real Estate Investing - Real Estate Housing Market Update - October 26th 2019

VIDEO HERE: https://youtu.be/9rdHoUseVRM

Phoenix Arizona News - CITIES TO INVEST IN - Real Estate Housing Market Update - October 26th 2019. You may be asking yourself, "Where should I buy in Phoenix Arizona?" Or, you may simply want to know what's going on with our current local housing market. Whether you are a home buyer, home seller, real estate investor, builder, or even a flipper, these videos will help educate and inform you in making intelligent decisions when it comes to real estate investing. Thank you for watching. 

VIDEO HERE: https://youtu.be/9rdHoUseVRM

 

 

🔴 Subscribe for more free tips: https://www.youtube.com/channel/UCpAAvyAMxrBIBPMUrfcLSww

 

⚠️New weekly videos where we share the "How To” strategies and secrets of Real Estate, real estate Tips/Advice, housing news & market updates. Love food? Check out our fun local food and drink reviews, too.

 

 

Do you know anyone thinking about buying (or selling) a home in

central Phoenix? BEFORE you start house-hunting, there's something you should know…I wrote this book, just for YOU! This book is full of insider information that will save you THOUSANDS and THOUSANDS of dollars on your next home purchase or sale.

When you read the book, you'll learn…

 

-Why owning real estate in Phoenix is a smart, long-term investment (page 43)

 

-Two questions you should ask a real estate agent BEFORE you sign a contract with them (page 69)

 

-The most COSTLY mistakes made by homebuyers (page 95)

 

-The ONE THING you must do before house-hunting (page 174)

 

And much, much more…There's chapters for buyers, sellers, investors, landlords, for sale by owners, and even a BONUS guest chapter on how to properly "stage" your home to sell!

 

Whether you're looking to buy a home in Phoenix, a home in the Historic Districts, or maybe something walking distance from Downtown Phoenix..read my book, click on the link below to get a free copy of my book.

 

FREE copy of Awni's book  "The Ultimate Guide to Central Phoenix Real Estate"  here: http://www.cenphxliving.com/book

 

🏘What’s my home REALLY worth?

Get a TRUE home value report at

http://cenphxhomevalues.com 📲

 

🏘Interested in buying a home or multi-family?

Free property search at http://awntelsellshomes.com 📲

 

Connect with AWNTEL on Social Media:

Instagram: @awntelrealestate

Facebook: https://www.facebook.com/buyandrentaz

Linkedin: https://www.linkedin.com/in/awniabbas

Twitter: https://twitter.com/BUYANDRENTAZ

Pinterest: https://www.pinterest.com/awntelpropertya

 

Awni and Chantell Abbas - "AWNTEL"

Awntel Property Advisors group

Website: http://www.cenphxliving.com

Number: 480-788-4118

 

Phoenix Arizona News - Real Estate Investing - Real Estate Housing Market Update - October 26th 2019

 

#phoenixnews #phoenixrealestatemarketupdate #phoenixrealtor #realestate #realestateinvesting #arizona #phoenixarizona #phoenixhomeprices #phoenixhomesforsale #phoenixrealestateinvesting #BuyingHomeinPhoenixArizona2020 #realestateinvestor #phoenixaz #phoenixazhomesforsale

Posted in Real Estate News
Oct. 10, 2019

OCTOBER 2019 Phoenix Arizona Real Estate Housing Market Update News

 

OCTOBER 2019 Phoenix Arizona Real Estate Housing Market Update News - Asking Prices up 9% Over Last Year, but are Buyers Paying It? These Homes Have Appreciated the Most since 2000

WATCH VIDEO HERE: https://youtu.be/gzIGuGP3EL8

For Buyers: The news media is filled with short-term predictions regarding the economy and how it will, or will not, affect real estate prices. It’s understandable for buyers to want their home to appreciate in value after they purchase, who doesn’t? However there is far too much attention paid to short-term influences and fluctuations these days and not enough attention paid to the long view. Real estate is a long-term investment for many people. Despite the euphoria of 2005-2007 and the nightmare of 2008-2011, on average homes are selling 81.6% higher today than they were in the year 2000. That’s an average appreciation rate of 4.3% per year over the course of 19 years. Smaller homes appreciated the most over time while larger homes appreciated the least. Homes under 1,000sf have appreciated 122% since 2000, an average of 6.4% per year. Those between 1,000-2,000sf appreciated 106%, an average of 5.6% per year. 2,000-3,000sf appreciated 68% at 3.6% per year. 3,000-4,000sf appreciated 49% at 2.6% per year and homes over 4,000sf appreciated 11% at 0.6% per year. For Sellers: Average asking prices per square foot are up 9% over this time last year and they’re continuing to rise. However, not one individual price range has risen 9% or more; confusing, right? That’s because the sharp increase in the average has more to do with a growing market share of luxury active listings over $500K as inventory has plummeted everywhere else. The highest increase is within $200K-$250K, where sellers are asking 5.6% more than they were last year. That’s followed by listings over $1M where they’re asking 4.2% more and $500K-$1M at 4.0%. All other price ranges are just 1-3% higher. But are buyers paying? Actually, many of them are! In the $200K-$250K range, the average sales price per square foot is still 0.8% higher than the average list price; and between $250-$300K the average sales price is 6.8% higher than the average list per square foot. Things change over $500K. Between $500K-$1M there’s a -6.3% gap between asking price and sales price and over $1M the average sales price is -15.1% below the average asking price. 🔴 Subscribe for more free tips: https://www.youtube.com/channel/UCpAA... ⚠️New weekly videos where we share the "How To” strategies and secrets of Real Estate, real estate Tips/Advice, housing news & market updates. Love food? Check out our fun local food and drink reviews, too. Do you know anyone thinking about buying (or selling) a home in central Phoenix? BEFORE you start house-hunting, there's something you should know…I wrote this book, just for YOU! This book is full of insider information that will save you THOUSANDS and THOUSANDS of dollars on your next home purchase or sale. When you read the book, you'll learn… -Why owning real estate in Phoenix is a smart, long-term investment (page 43) -Two questions you should ask a real estate agent BEFORE you sign a contract with them (page 69) -The most COSTLY mistakes made by homebuyers (page 95) -The ONE THING you must do before house-hunting (page 174) And much, much more…There's chapters for buyers, sellers, investors, landlords, for sale by owners, and even a BONUS guest chapter on how to properly "stage" your home to sell! Whether you're looking to buy a home in Phoenix, a home in the Historic Districts, or maybe something walking distance from Downtown Phoenix..read my book, click on the link below to get a free copy of my book. FREE copy of Awni's book "The Ultimate Guide to Central Phoenix Real Estate" here: http://www.cenphxliving.com/book 🏘What’s my home REALLY worth? Get a TRUE home value report at http://cenphxhomevalues.com 📲 🏘Interested in buying a home or multi-family? Free property search at http://awntelsellshomes.com 📲 Connect with AWNTEL on Social Media: Instagram: @awntelrealestate Facebook: https://www.facebook.com/buyandrentaz Linkedin: https://www.linkedin.com/in/awniabbas Twitter: https://twitter.com/BUYANDRENTAZ Pinterest: https://www.pinterest.com/awntelprope... Awni and Chantell Abbas - "AWNTEL" Awntel Property Advisors group Website: http://www.cenphxliving.com Number: 480-788-4118 #phoenixarizona #marketupdate #2019housingmarket #recession #realestate #housingmarketupdate #housingeconomy #phoenixrealestate #housingnews #phoenixrealtor #phoenixarizonarealestateagent #awniabbas #phoenixarizonarealestateinvesting #realestateinvestor #realestateinvesting #bestrealtorinphoenix

Posted in Real Estate News
May 31, 2019

The Top Reasons to Own Your Home [INFOGRAPHIC]

The Top Reasons to Own Your Home [INFOGRAPHIC] | MyKCM

Some Highlights:

  • June is National Homeownership Month!
  • Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial.
  • What reasons do you have to own your own home?
Posted in Real Estate News
May 31, 2019

Housing Market Update

Housing Market Update


Awni & Chantell Abbas
REALTORS
Awntel Property Advisors
Equal Housing Opportunity
“AWNTELL IT LIKE IT IS” SHOW
7 STAR SERVICE

Posted in Real Estate News
May 30, 2019

The Ultimate Truth about Housing Affordability

The Ultimate Truth about Housing Affordability | MyKCM

There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means.

On a monthly basis, the National Association of Realtors (NAR), produces a Housing Affordability Index. According to NAR, the index…

“…measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data.”

Their methodology states:

“To interpret the indices, a value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home. An index above 100 signifies that family earning the median income has more than enough income to qualify for a mortgage loan on a median-priced home, assuming a 20 percent down payment.”

So, the higher the index, the more affordable it is to purchase a home. Here is a graph of the index going back to 1990:

The Ultimate Truth about Housing Affordability | MyKCM

It is true that the index is lower today than any year from 2009 to 2017. However, we must realize the main reason homes were more affordable. That period of time immediately followed a housing crash and there were large numbers of distressed properties (foreclosures and short sales). Those properties were sold at large discounts.

Today, the index is higher than any year from 1990 to 2008. Based on historic home affordability data, that means homes are more affordable right now than any other time besides the time following the housing crisis.

With mortgage rates remaining low and wages finally increasing, we can see that it is MORE AFFORDABLE to purchase a home today than it was last year!

Bottom Line

With wages increasing, price appreciation moderating, and mortgage rates remaining near all-time lows, purchasing a home is a great move based on historic affordability numbers.

Posted in Real Estate News
May 30, 2019

Housing Market Update

Housing Market Update


Awni & Chantell Abbas
REALTORS
Awntel Property Advisors
Equal Housing Opportunity
“AWNTELL IT LIKE IT IS” SHOW
7 STAR SERVICE

Posted in Real Estate News
May 28, 2019

2 Things You Need to Know to Properly Price Your Home

In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly.

In the mind of the homeowner, annual home price appreciation over 6% has become the new normal. This becomes a challenge when a homeowner looks to refinance or sell their home, as the expectation of what the homeowner believes the home should be worth does not always line up with the bank’s appraisal.

Every month, the Home Price Perception Index (HPPI) measures the disparity between what a homeowner seeking to refinance their home believes their house is worth and what an appraiser’s evaluation of that same home is.

Over the last five months, the gap between the homeowner’s opinion and the bank’s appraisal has widened to -0.78%. This is important for homeowners to note, as even a 0.78% difference in appraisal can mean thousands of dollars that a buyer or seller would have to come up with at closing (depending on the price of the home).

The chart below illustrates the changes in home price estimates over the last 12 months.

2 Things You Need to Know to Properly Price Your Home | MyKCM

While the appraisal gap widens, another trend is also becoming more common.

According to realtor.com“the share of homes which had their prices cut increased by 2% compared to last year”. Thirty-seven out of the 50 largest US housing markets saw an increase in overall price reductions.

In today’s market, you need an expert agent who can help price your house right from the start. Homeowners who make the mistake of overpricing their homes will eventually have to drop the price. This leaves buyers wondering if the price drop was caused by something wrong with the house. In reality, nothing is wrong- the price was just too high!

Bottom Line

If you are planning on selling your house in today’s market, let’s get together to set your listing price properly from the start!

Posted in Real Estate News