Phone: 480-332-2392

Follow Us on FacebookFollow Us on LinkedIn

Casey Taylor

  • Home
  • Home Search
    • My Listings
    • Phoenix Area Map
    • Chandler Homes for Sale
    • Fountain Hills Homes for Sale
    • Gilbert Homes for Sale
    • Glendale Homes for Sale
    • Mesa Homes for Sale
    • Paradise Valley Homes for Sale
    • Peoria Homes for Sale
    • Phoenix Homes for Sale
    • Scottsdale Homes for Sale
    • Tempe Homes for Sale
  • Buyers
    • Phoenix Area Map
  • Sellers
    • Sell My House
  • Meet Casey
  • Blog
  • Contact

Home Sales in Bloom

May 12, 2017 By ctaylor Leave a Comment

New Home Sales blossomed in March reaching their highest level in nearly a year, the Commerce Department reported. Sales were up 5.8 percent from February and nearly 16 percent from a year ago. New home inventories edged lower to a 5.2-month supply in March. A six-month supply is considered “normal” inventory.

Existing Home Sales hit their highest pace in over 10 years in March, according to the National Association of REALTORS®, with sales climbing 4.4 percent from February and 5.9 percent above a year ago. However, existing home demand continues to outweigh supply with inventories down 6.6 percent from the same time last year.

New home construction didn’t fare as well. Inclement weather during March in the Midwest and Northeast chilled residential home construction after unseasonably warm weather in February. March Housing Start numbers fell nearly 7 percent from February, per the Commerce Department. The year-over-year picture was still rosy, however, with Housing Starts up 9 percent from March 2016 to March 2017.

Economy, Markets Thunder Along
The first reading on first quarter 2017 Gross Domestic Product (GDP) was anything but rosy, as GDP came in at 0.7 percent. This was below the 1.1 percent expected and below the 2.1 percent recorded in the fourth quarter of 2016.

GDP is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period. It is considered the broadest measure of economic activity. Typically, readings of 2.5 to 3 percent signal strong economic growth.

April also brought uncertainty over the tensions surrounding global events, causing investors to move their money into the safer haven of the Bond markets. This helped home loan rates, which are tied to Mortgage Bonds, hit their best levels of 2017. Stocks around the world also benefited after the French presidential elections in April ignited a global rally.

Despite the volatility, home loan rates remain in attractive territory and still provide many opportunities for homebuyers and homeowners considering a refinance.

Filed Under: Buyers, Properties, Sellers, Uncategorized Tagged With: affordablity, Arizona, Arizona real estate, Buyers, buying, buying Phoenix homes, First Time Home Buyers, Forecast, Home Sales, Homes, Housing, housing market, selling

Questions Often Asked About Real Estate

September 7, 2016 By ctaylor Leave a Comment

  • Is now a good time to Buy or Sell?
  • What is the housing market like in my area?
  • What do I need to do to sell my house?
  • What is my home worth?
  • Does choosing the right realtor make a difference?

The real estate market is constantly changing. I can provide the information you need to make a smart real estate decision. If you are buying or selling, I can give you expert guidance.

 

Filed Under: Buyers, Properties, Sellers Tagged With: Arizona, Arizona real estate, Buyers, buying, Forecast, guidance, housing market, interest rates, Investors, mortgage, realtor, rentals, sales, sell your home, Sellers, selling, short sale, short sales

2014 – Second Half Outlook

June 27, 2014 By ctaylor Leave a Comment

Affordability!!! According to CNBC, based on a weaker than expected first half, the second half of the year is going to be driven by housing Affordability. With many new apartment complexes coming on online this year, renters and buyers have more choices. While mortgage interest rates are still very low, pricing could squeeze out some first time homebuyers should rates start to tick up. So the key to selling more homes will be based on buyer affordability.

With popular reality real estate shows all over TV these days, many consumers are buying homes that they can afford and then start DIY projects once they close. Buyers are realizing the value of their dollars go further when they improve the home themselves. That said, many homebuyers still opt to buy that “move in ready” home that doesn’t need a bunch of renovations like paint, carpet, flooring, and updating the kitchens and bathrooms. For those who have tried DIY projects at home, they are not always that easy and can be time consuming and frustrating without the proper skills and tools to complete the job correctly.

Let’s see how things unfold as we move through the rest of the year!

Contact Us

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

Filed Under: Uncategorized Tagged With: affordablity, Arizona, Arizona real estate, buying, Forecast, foreclosure, Home Sales, housing market, interest rates, mortgage, projects, re-models, re-sales, real estate, rentals, repairs, selling, short sale

Search Communities

Real Estate Blog

  • Putting Off These Home Repairs Could Be Dangerous – Have You Addressed Them?
  • Home Sales in Bloom
  • Should You Rent or Buy a Home? Weighing the Pros and Cons of Each Option

Connect With Me

Email: casey@ctmovingaz.com Phone: 480-332-2392
Follow Us on FacebookFollow Us on LinkedIn

Copyright © 2023 Casey Taylor ~ Real Estate Websites