Every once in awhile we find a real gem to share out and this one is for sure just that! Kids Guide to Summer Vacation lists are nothing new, the City of Scottsdale’s Kids Guide is no exception and what a great resource to keep handy. Click the image to download the PDF guide!
Phoenix Metro area ranks 34 among the top cities where owning is more affordable than renting. The difference – $44. Yes that’s right, according to the LendingTree study, it’s a better investment to own a home in the Valley of the Sun.
Most people rent because they think it’s more affordable than owning a home—but in a huge number of metros in the United States, that’s just not true.
In the study, the median mortgage payment is less than the median rent payment in 20 of the 50 largest metros in the US. That means that owning a home in one of these areas will actually save you money over renting. And in another 13 metros, the price difference between owning a home and renting is less than $100 per month—which means that while owning a home in these metros is more expensive, the difference in price isn’t significant, especially when you consider that homeownership is a long-term investment.
Call us today if you are ready to take a step toward home ownership or changing your current home.
The past few years in the US, real estate markets have been marked by historically low inventory, increasing prices, and fierce competition for property—which has made it extremely challenging for potential buyers to successfully find and purchase homes.
But it looks like that’s starting to change. This spring, the housing market in the US is projected to be much more buyer-friendly than it has been in recent years.
In a recent article for Forbes, Lawrence Yun, chief economist at the National Association of REALTORS™, said that the spring season will mark improving conditions for buyers. Yun cites numerous factors for his optimistic spring market projections including improved consumer sentiment about the economy (which is at a near all-time high), falling mortgage rates, and increasing incomes across the country, which will help with housing affordability (according to the article, the recent wage gain of 3.4% is the highest the US has seen in ten years).
Ready to go house hunting? We love it and are ready to take you on the hunt—call us today!
Before you begin, you should know…
Some states allow lenders to implement prepayment penalties, which means it could actually cost you more to pay off your mortgage early. Regulations vary per situation, so before you proceed, find out from your lender if you’d face a prepayment penalty on your mortgage.
If there is a penalty…
Decide if it’s worth it to you. Fines are typically a percentage of the mortgage itself. Carefully evaluate risk versus reward before committing.
If there is no penalty…
Start chipping away at your principal as soon as you can. The first five years is the best time to make additional payments toward your principal.
The new tax law brings some major changes to the federal tax code that may affect your 2018 returns. Get the details here in our pdf. Things like new deduction rules, and several deductions that are going away may change the way you deduct.
Experts forecast their predictions based on past and current trends in the market. The information we’re sending this month outlines what to expect this year. Will the healthy national housing market continue or will an increase in interest rates throw a wrench in the works? Will houses continue to fly off the market? How will the new tax code impact housing? Our free download addresses these questions and more here.
Regardless of the state of the market, the best time to buy or sell a home is when you’re ready to do so. If you’re considering it, give us a call! Even if you’re not in the market now, give us a call and we can do a free comparative market analysis to find out how much your home is worth.