Phoenix Real Estate and Community News

Jan. 22, 2018

Buying A Home Is More Affordable Than Renting In 54% Of US Counties

Buying A Home Is More Affordable Than Renting In 54% Of US Counties | MyKCM

According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.”

For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development with reported income amounts from the Department of Labor and Statistics to determine the percentage of income that a family would have to spend on their monthly housing cost (rent or mortgage payments).

Daren Blomquist, Senior Vice President of ATTOM Data Solutions had this to say:

“Although buying is still more affordable than renting in the majority of U.S. housing markets, the majority is shrinking as home price appreciation continues to outpace rental growth in most areas.”

However, the report also shows that the average fair market rent rose faster than average weekly wages in 60% of the counties analyzed in the report (266 of 447 counties). With rents rising, many renters should consider buying a home soon.

Bottom Line

Rents will continue to rise, and mortgage interest rates are still at historic lows. Before you sign or renew your next lease, let’s get together to help you determine if you are able to buy a home of your own and lock in your monthly housing expense.

Posted in Buying a Home
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Jan. 19, 2018

Where Did Americans Move in 2017? [INFOGRAPHIC]

Where Did Americans Move in 2017? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Atlas Van Lines recently released the results of their annual Migration Patterns Survey in which they tracked their customer’s movement from state-to-state over the course of 2017.
  • Idaho held on to the top spot of ‘high inbound’ states for the 2nd year in a row followed by Washington.
  • The ‘outbound’ states seem to draw a line straight across the country from Connecticut to Wyoming.
Posted in Buying a Home
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Jan. 18, 2018

What Impact Will the New Tax Code Have on Home Values?

Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months.

Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report.

What Impact Will the New Tax Code Have on Home Values? | MyKCM

As we can see, CoreLogic projects an increase in home values in 49 of 50 states, and Washington, DC (there was insufficient data for HI). Nationwide, they see home prices increasing by 4.2%.

How might the new tax code impact these numbers?

Recently, the National Association of Realtors (NAR) conducted their own analysis to determine the impact the new tax code may have on home values. NAR’s analysis:

“…estimated how home prices will change in the upcoming year for each state, considering the impact of the new tax law and the momentum of jobs and housing inventory.”

Here is a map based on NAR’s analysis:

What Impact Will the New Tax Code Have on Home Values? | MyKCM

Bottom Line

According to NAR, the new tax code will have an impact on home values across the country. However, the effect will be much less significant than what some originally thought.

Posted in Buying a Home
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Jan. 17, 2018

320 West Bethany Home Road, Phoenix, AZ Branded

CHECK OUT THE HD VIDEO UNDER PHOTOS/VIDEO TAB! They just don't make them like this anymore! Feast your eyes on this HUGE 4 bd 5 bath w/ loft & office space in this gorgeous Historic home with solid bones conveniently located in central Phoenix near the 51 freeway, major Hospitals, Downtown Phoenix, Biltmore Fashion Park, Steele Indian School Park, AJ's Fine Foods, boutique restaurants like Joyride, Federal Pizza, Churn ice cream and Lou Malnati's famous Pizza, & tons of shopping! Home is also in the highly ranked Madison School District.This one of a kind feel of the historic district and the convenience of today consists of a large circular driveway with custom stone work, large custom security main door, gourmet chef's kitchen with stainless steel Viking appliances, gas cooking, double ovens, a wine refrigerator, and plenty of cabinet space! Beautiful travertine tile flooring, wood flooring, unique vaulted tongue and grooved cathedral style wood-beamed ceilings that will make you say WOW!, custom wood doors, custom fixtures, plantation shutters, ceiling fans, blinds throughout, 2 large living room quarters, 4 whopping fireplaces (1 outside next to the built-in BBQ) perfect large back yard for entertaining that includes storage shed, flower beds, and covered patio with unique wood-paneled ceilings! Whether you have the pool's water fountain quietly humming or the outdoor fireplace with the warm embers of the flames on a cool desert night, you'll be happy you're home! Every single bedroom in this home has a custom bathroom! Plenty of creative ideas for mother-in-law or guest suites downstairs with a cedar wood accent wall, every room coupled with a unique touch. A really neat feature is the wrought-iron staircase to the upstairs roof top deck to scope out the clear blue skies and beautiful sunsets Arizona has to offer! There is also a balcony off one of the master bedroom suites too, and mind you, there are 2 master suites, one that includes a jetted-tub! Laundry room is massive with plenty of storage space. Professional landscaping front & back with lighting. This home has amazing potential for anything you want to create with endless opportunities! DON'T MISS OUT ON THIS UNIQUE HISTORIC BEAUTY! COME SEE TODAY!!

-Awntel

 

For a FREE property search go to http://cenphxliving.com

 

For a FREE home value report go to http://cenphxhomevalues.com

 

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

 

If you liked this video, please "Like" Forward Share or Subscribe to our Channel! 

 

 

THANK YOU!

-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

Posted in Buying a Home
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Jan. 17, 2018

61% of First-Time Buyers Put Down Less than 6%

61% of First-Time Buyers Put Down Less than 6% | MyKCM

According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017.

Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment for all buyers in 2017 was just 10% and that percentage drops to 6% for first-time buyers.

Zillow Senior Economist Aaron Terrazas’ recent comments shed light on why buyer demand has remained strong,

“Looking into 2018, rent is expected to continue gaining. More widespread rent growth could mean home buying demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward the relative stability of a monthly mortgage payment instead.”

It’s no surprise that with rents rising, more and more first-time buyers are taking advantage of low-down-payment mortgage options to secure their monthly housing costs and finally attain their dream homes.

Bottom Line

If you are one of the many first-time buyers who is not sure if you would qualify for a low-down payment mortgage, let’s get together and set you on your path to homeownership!

Posted in Buying a Home
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Jan. 16, 2018

For Sale!! BEAUTIFUL REMODEL NO HOA 5538 W MORTEN AVE Glendale AZ 85301!!

NOW FOR SALE!! 

MLS#5709663

WOW! This home has it ALL!! In the highly sought out district of SANDS ESTATES near downtown Glendale, this home sits on huge lot with plenty parking for boats, RV, RV parking, cars, toys, you name it! NO HOA!! COMPLETELY REMODELED! Roof 2011! A/C 2013! NEW FLOORING THROUGHOUT! NEW KITCHEN WITH QUARTZ COUNTERTOPS, CHEF'S KITCHEN ISLAND, STAINLESS STEEL APPLIANCES, NEW KITCHEN CABINETS with contrasted colors! NEW MODERN FIXTURES, NEW CEILING FANS, NEW LOW-FLOW TOILETS, NEW BLINDS, NEW DUAL PANE WINDOWS, NEW SUBWAY TILE BACKSPLASHES, NEW CUSTOM TILE SURROUND FOR BOTH BATHROOMS! ALL NEW BATHROOMS! NEW STONE ACCENT WALL W/WOOD-BURNING FIREPLACE!! Dual Vanity QUARTZ counter sinks! Multiple closets and Pantry! LITERALLY NEW EVERYTHING!! HUGE BACKYARD, PRIVATE SIDE-COURTYARD, MATURE CITRUS TREES,

LAUNDRY HOOKUPS INSIDE 220 V DRYER HOOKUP, GAS HEATING, GAS WATER HEATER, NEW PAINT INTERIOR, EXTENDED COVERED PATIO, MULTIPLE STORAGE SHEDS UNDER CARPORT AREA - WHICH YOU CAN CONVERT EASILY TO A GARAGE, PLENTY OF ROOM TO ADD AN RV GATE AND EVEN A POOL, TOO!! NEAR CONVENIENT STORES, RESTAURANTS, GAS STATIONS , BANKS, SHOPPING PLAZAS, WALMART, LOWE'S, STARBUCKS, AND THE 1-17 & 101 FREEWAYS!!! The homes in this subdivision barely go on sale! LOW TAXES AND NO HOA!! This is A MUST SEE!!

-Awntel

 

For a FREE property search go to http://cenphxliving.com

For a FREE home value report go to http://cenphxhomevalues.com

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

 

 

If you liked this video, please "Like" Forward Share or Subscribe to our Channel! 

 

THANK YOU!

-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

Posted in Buying a Home
no comments yet
Jan. 16, 2018

Wondering If You Can Buy Your First Home?

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and still, others might think their current income would never enable them to qualify for a mortgage.

We want to share what the typical first-time homebuyer actually looks like based on the National Association of REALTORS most recent Profile of Home Buyers & Sellers. Here are some interesting revelations on the first-time buyer:

Wondering If You Can Buy Your First Home? | MyKCM

Bottom Line

You may not be much different than many people who have already purchased their first homes. Let’s meet to determine if your dream home is within your grasp.

Posted in Buying a Home
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Jan. 15, 2018

Thinking of Selling? Now is the Perfect Time

It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.

The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for sale in 2017. Here is a graphic showing the results:

Thinking of Selling? Now is the Perfect Time | MyKCM

The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,680,000.

That number spiked to 1,970,000 by May!

What does this mean to you?

With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for homes right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition amongst buyers.

Bottom Line

It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.

Posted in Selling Your Home
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Jan. 15, 2018

Should you hire a handyman or licensed contractor?

Should you hire a handyman or licensed contractor???

Now of course every situation is case by case and determined on the complexity of the work, check out this video for some good advice!

-Awntel

 

For a FREE property search go to http://cenphxliving.com

 

 

For a FREE home value report go to http://cenphxhomevalues.com

 

 

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

 

 

If you liked this video, please "Like" Forward Share or Subscribe to our Channel! 

 

 

THANK YOU!

 

-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

 

Posted in Selling Your Home
no comments yet
Jan. 12, 2018

7191 E CALLIANDRA CT Gold Canyon, AZ 85118 home for sale! Superstition Mountain views!

HD VIDEO TOUR ONLINE, CHECK IT OUT! Nestled nearby the alluring Superstition Mountains is one of the largest 5/5 bath Toll Brother constructed properties for sale! Enter the foyer with marble flooring, gorgeous chandelier on high cathedral ceilings, and natural sunlight basking in throughout the home. Formal living room with gas fireplace and custom brick backsplash. Formal dining room, wet bar, and a large family room. Enter the generous gourmet chef's kitchen delight, includes Jenn-Air appliances, gas cooking stove, custom-tailored side-by-side fridge, double wall-ovens, vast center kitchen island with granite countertops throughout, massive walk-in pantry, everything you need to entertain! Upstairs you will find TWO separate master suites, both with their own individual elegant balconies

The exclusive views from the balcony can assure your home will be memorable to any guest. This home is conveniently on elevated grounds allowing for effortless views of the luminous city lights. Must we even say more? Including a pebble-tech pool with water feature, outside shower, diverse garden with fig trees, orange trees, cacti, roses and more! Extravagant stairs, den with office space, built-in entertainment center with surround sound speaker systems at the upstairs loft, enormous walk-in closets, all bedrooms are grand, master bathtub with water jet pumps! This home even has a bedroom downstairs and a half bath! Flooring and bathrooms were updated in 2017. Captivating views, luxury, Golf, hiking/biking trails and yes...even Cookies!! It doesn't get any better than this.Select from 2 championship courses, Dinosaur Mountain or sidewinder golf course. Close at hand is a shopping center with Bashas, Starbucks, gas, Chase bank, restaurants, and the 60 freeway!!

-Awntel

 

For a FREE property search go to http://cenphxliving.com

 

For a FREE home value report go to http://cenphxhomevalues.com

 

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

 

If you liked this video, please "Like" Forward Share or Subscribe to our Channel! 

 

THANK YOU!

-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

Posted in Buying a Home
no comments yet

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