The interest rate you pay on your home mortgage has a direct impact on your monthly payment, and it's important to know where rates are headed.

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Awntel Property Advisors 

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Phoenix, Az 85012

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The former Fraternal Order of Eagles club at 414 S. Conkling St. is being turned into an 4,900-square-foot apartment development.

https://www.bizjournals.com/baltimore/news/2018/06/25/highlandtowns-boom-continues-with-latest-luxury.html

-Awni & Chantell Abbas

Awntel Property Advisors 

5134 N Central Ave #101

Phoenix, Az 85012

Office: 602-472-3489

Mobile: Call or text 480-788-4118

http://cenphxliving.com

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It’s getting increasingly expensive to live within walking distance of an MBTA subway stop, according to a recent report that breaks down which locations saw the biggest rent hikes for one-bedroom apartments over the past year.

Apartment search website RentHop published a report earlier this month that calculated the median rent for one-bedroom apartments within roughly half a mile of each T stop, and compared it to data from February to April 2017. If there weren’t enough unique RentHop listings for a given stop, the radius was increased to a little more than a mile to ensure a larger sample.

Overall, the report found that rents for one-bedroom apartments near T stops across Greater Boston increased modestly — by around 3 percent — over the last year. Prices increased at 90 stops across the entire system, decreased at 21 stops, and remained the same at 10 stops. Click on the interactive map below for information about each stop.

https://www.bizjournals.com/boston/news/2018/06/25/want-to-live-near-these-t-stops-itll-cost-you.html

-Awni & Chantell Abbas

Awntel Property Advisors 

5134 N Central Ave #101

Phoenix, Az 85012

Office: 602-472-3489

Mobile: Call or text 480-788-4118

http://cenphxliving.com

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One way to show you're serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

What’s my home worth? 

Get a TRUE home value report at 

www.cenphxhomevalues.com

Interested in buying a home or multi-family?

Free property search at www.awntelsellshomes.com

For my FREE real estate guide book, go to http://phxrealestateinsider.com

-Awni & Chantell Abbas

Awntel Property Advisors 

5134 N Central Ave #101

Phoenix, Az 85012

Office: 602-472-3489

Mobile: Call or text 480-788-4118

http://cenphxliving.com

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Phoenix single-family rents still growing as national prices stabilize

A decrease in low-end rental growth rates for single-family homes could foreshadow stabilization in rent prices, according to March data released by CoreLogic Inc.

Low-end rentals saw 3.9 percent growth in March, down from 4.4 percent in March 2017, which could be an early signal of stabilization, the data provider said.

CoreLogic defines low-end rentals as properties with rents less than 75 percent of the regional median.

However, Phoenix had the second highest year-over-year increase in single-family rents at 5.4 percent due to both high rent and employment growth, CoreLogic reported.

Phoenix saw employment growth of 3.2 percent year-over-year, compared with national employment growth of 1.6 percent, according to the U.S. Bureau of Labor Statistics.

Molly Boesel, principal economist with CoreLogic, told the Phoenix Business Journal that Phoenix is still accelerating upward in both low-end and high-end single-family rental prices.

She also said Phoenix has a high demand in the rental market, with only a 1.7-month supply of single-family homes. This means all home rentals on the market will be gone in 1.7 months.

Overall, Phoenix is a fairly healthy market, according to Boesel.

Nationally, single-family rent prices have gradually climbed between 2010 and 2018, but increases began to slow after rents peaked at 4.2 percent growth in February 2016, according to CoreLogic.

On the national level, CoreLogic data showed rentals for single-family homes hovering at 2.7 percent growth year-over-year.

CoreLogic (NYSE: CLGX) is a global property information, analytics and data provider that serves real estate markets, capital markets and the public sector.

https://www.bizjournals.com/phoenix/industry-news/residential-real-estate

-Awni & Chantell Abbas

Awntel Property Advisors 

5134 N Central Ave #101

Phoenix, Az 85012

Office: 602-472-3489

Mobile: Call or text 480-788-4118

http://cenphxliving.com

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If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.

What’s my home worth? 

Get a TRUE home value report at 

www.cenphxhomevalues.com

Interested in buying a home or multi-family?

Free property search at www.awntelsellshomes.com

For my FREE real estate guide book, go to http://phxrealestateinsider.com

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-Awni & Chantell Abbas

Awntel Property Advisors 

5134 N Central Ave #101

Phoenix, Az 85012

Office: 602-472-3489

Mobile: Call or text 480-788-4118

http://cenphxliving.com

“AWNTELL IT LIKE IT IS” SHOW

7 STAR SERVICE