Many folks who have wanted to buy a home over the last couple of years or so chose to wait until the heated market cooled down and for prices to come down to earth. The good news is, prices have softened somewhat, but the bad news is, interest rates are much higher. Let’s assume that you could … [Read more...] about To Buy or Not to Buy?
Better Homes and Gardens Real Estate | BloomTree Realty
Area Real Estate Market is Mixed
According to recently published statistics from the Prescott Area Association of Realtors, the area real estate market remained reasonably strong in August 2022 versus August 2021, but there are signs of weakness. For the entire market area, the sold median price versus a year ago is up 7.4%, … [Read more...] about Area Real Estate Market is Mixed
The Housing Market: Is it a Buyer’s or Seller’s Market Now?
The housing market statistics in our area for the year-over-year period from the end of June 2021 to the end of June 2022 are very interesting and not what many might expect given the changes in interest rates and other economic turmoil. As one would expect, the number of total listings has … [Read more...] about The Housing Market: Is it a Buyer’s or Seller’s Market Now?
Are We Experiencing a Housing Market Shift?
The rising tide of inflation and interest rates are beginning to take their toll on home buyers’ and sellers’ sentiment. Fannie Mae spoke to us in May when it reported a third consecutive month of record-low homebuyer sentiment, divulging in its latest National Housing Survey that fewer than one … [Read more...] about Are We Experiencing a Housing Market Shift?
Were the Remodel Projects Taken on During the Pandemic Worth the Money?
According to a recently published report by the National Association of Realtors and the National Association of the Remodeling Industry, homeowners remodel for a variety of reasons and some projects produce a better cost recovery than others. The report focused on the following items: The … [Read more...] about Were the Remodel Projects Taken on During the Pandemic Worth the Money?
Housing Market Expected to Remain Strong for Years
Arizona’s real estate market remains “ridiculously hot,” says Arizona Association of Realtors President Gary Nelson. “We are seeing tremendous increases in home values in the last two years, increasing about 25% year over year in localized markets and about a 12% to 13% per year increase in median … [Read more...] about Housing Market Expected to Remain Strong for Years
Knowing Your Options When Selling A House
These days, sellers have many options. In just a few short years, it seems the options available to a homeowner who wants to sell his or her house has gone from either hire an agent or sell it yourself to so many options that most of us can’t keep up. In addition to the traditional methods, … [Read more...] about Knowing Your Options When Selling A House
Why the Right Real Estate Agent is Critical for Home Selling or Buying Success
When the real estate market reaches the frothy levels we have experienced over the last few years, it is safe to say most homes will sell quickly. However, does that mean you don’t need a highly qualified agent to help navigate the complexities? The high demand for real estate in this market has … [Read more...] about Why the Right Real Estate Agent is Critical for Home Selling or Buying Success
Top Ten Trends Impacting Real Estate
Everyone wants to know where the real estate market is headed. There was big news in November when the real estate giant, Zillow, known for its consumer website and property value estimates, announced it would no longer be buying homes. In the recent real estate runup, Zillow had turned from its … [Read more...] about Top Ten Trends Impacting Real Estate
