Mortgage Rates Fall Below 3%!🏼
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Mortgage rates hit another all-time low, falling below 3% this week.
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If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment.
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Reach out to us to see what you can get approved for, at 480-788-4118 to initiate the process while mortgage rates are historically low!
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* Call, text or DM! We are here to help to determine your best next steps toward homeownership.
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Awni and Chantell
"AWNTEL"
Realtors specializing in Real
Estate Investing
Sell • Buy • Invest • Multi-Units
480-788-4118
•
Follow us on Instagram @awntelrealestate
AWNI ABBAS - 480-788-4118
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Phoenix Real Estate and Community News
July 17, 2020
Mortgage Rates Fall Below 3%!
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Real Estate News
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July 16, 2020
Should I Buy a House Now or Wait? - I Answer a Viewers Question
July 2020 - Should I Buy a House Now or Wait? I answer a viewers question from Phoenix Arizona in this video! Post your comments and I will answer them. 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 Should I Buy a House Now or Wait? - I answer a viewers question from Phoenix Arizona in this video! Post your comments and I will answer them. July 2020
Posted in
Buying a Home
July 15, 2020
Mortgage Rates Hit Record Lows for Three Consecutive Weeks
Over the past several weeks, Freddie Mac has reported the average 30 year fixed mortgage rate dropping to record lows, all the way down to 3.03%.
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What does this mean for buyers?
This is huge for homebuyers. Those currently taking advantage of the increasing affordability that comes with historically low interest rates are winning big.
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Buyers are capitalizing on today’s low rates. As shown in the chart below, the average monthly mortgage payment decreases significantly when rates are as low as they are today.
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A lower monthly payment means savings that can add up significantly over the life of a home loan. It also means that qualified buyers may be able to purchase more home for their money. Maybe that’s a bigger home than what they’d be able to afford at a higher rate, an increasingly desirable option considering the amount of time families are now spending at home given today’s health crisis.
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If you’re in a position to buy a home this year, it’s a great time to reach out to a us at 480-788-4118 to initiate the process while mortgage rates are historically low!
Call, text or DM! We are here to help.
Posted in
Real Estate News
July 13, 2020
Phoenix Arizona Housing Market 2020 - Hottest Zip Codes to Invest in for Big Profits
Phoenix Arizona Housing Market 2020 - Hottest Zip Codes to Invest in for Big Profits - I go over the hottest zip codes currently in our local market so that you can make intelligent decisions when it comes to investing in real estate. Stay tuned for my next video regarding the Phoenix Arizona and National housing market update news in my next video this week. Go to minute 2:05 to hear the top 20 zip codes in our market! 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 Phoenix Arizona Housing Market 2020 - Hottest Zip Codes to Invest in for Big Profits!
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Real Estate News
July 13, 2020
Buyers: Are You Ready for a Bidding War?
Buyers: Are You Ready for a Bidding War?
We just beat out 5 other offers this past week for one of our clients.
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With businesses reopening throughout the country and some experts indicating early signs of a much anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few houses for sale right now, there’s a disconnect between supply and demand. This imbalance is pushing home prices upward while driving more bidding wars and multiple offer scenarios.
We are seeing bigger price increases with [a limited] number of homes…That is likely to lead to more competition and potentially multiple offers and bidding wars. On average, there were about 3 offers on a home that closed in May, up from just about 2 in April 2020 and in May 2019 (3 offers).
42% of homeowners who made a purchase during the January to May time period ended up in a bidding war, demonstrating the strong demand for homes amid low inventory.
With more people returning to work we’ll continue to see the number of interested buyers increase. So, if you’re among the many people looking for a home to buy this summer, it’s important to ensure you have the right guidance from the start. This way, you make sure your offer stands out from the crowd when it really counts. Here are two tips to follow.
1. Hire a Trusted Local Expert
A trusted local real estate professional matters more than ever right now, as noted in a recent survey shared by NAR. In fact, according to respondents, 54% of buyers and 62% of sellers indicated that “Particularly during the pandemic, a real estate agent’s guidance is especially valued.” We’re not in a normal market. We are in one of the greatest health crises our nation has ever seen. The pandemic has had a dramatic impact on the journey consumers must take to purchase a home. To successfully navigate the landscape today, you need true local real estate experts like us on your side.
2. Get Pre-Approved for a Mortgage
When there are more buyers than sellers on the market, the process to find a home becomes much more challenging. One way to show you’re serious about buying a home is to work with a lender to get pre-approved for a mortgage before starting your search. With a pre-approval letter, sellers will see your true desire to buy this year, potentially helping your offer rise to the top. We have great connection. Just let us know if you need one, we will hook you up.
Posted in
Real Estate News
July 10, 2020
Americans Rank Real Estate Best Investment for 7 Years Running
Americans Rank Real Estate Best Investment for 7 Years Running
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Real estate has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years.
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The belief in the stability of housing as a long-term investment remains strong, despite the many challenges our economy faces today.
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Of the four listed, real estate is also the only investment you can also live in. That’s a big win!
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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.
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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!
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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!!!!
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#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.”
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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.
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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.
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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.
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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.
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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.
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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.
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Awni and Chantell
Sell • Buy • Invest • Multi-Units
480-788-4118
•
Follow us @awntelrealestate
Posted in
Buying a Home