In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price they could offer and still get the home. As a result, the listing price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than what was listed. It was unthinkable to pay more than what the seller was asking, but that is what is happening today in the Real Estate Market we are presently experiencing.

Someone who’s more familiar with the housing market of the past than that of today may think it’s foolish to offer more for a home than the listing price. However, frequent and competitive bidding wars are creating an auction-like atmosphere in many real estate transactions right now. Let’s connect today so you have a trusted real estate professional on your side to provide the best advice on how to make a competitive offer on a home.

Where Do Experts Say the Housing Market Is Heading?

As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come. Experts are optimistic about the second half of the year. Let’s connect today to talk more about the conditions in our local market.

Are We In a Real Estate Bubble?

In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.

When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”

Today’s housing market is healthy, and rising prices are driven by real buyer demand. Let’s connect to talk about the best ways to navigate such an energetic market.

Homeownership Is Full of Financial Benefits

The idea of homeownership as a direct way to build your net worth has met the test of time. Let’s connect if you’re ready to take steps toward becoming a homeowner.

6 Simple Graphs Proving This Is Nothing Like Last Time

With home prices rising before our eyes, many are concerned that we’re making the same mistakes that led to the housing crash, take a look at the charts and graphs in this article to help alleviate your fears.

3 Reasons We’re Definitely Not in a Housing Bubble

Phoenix area housing is at an all time low, with the over 350 people moving to the Valley PER DAY creating mass demand. As a result, prices are rising at an amazing rate....in some areas 17-20% over the previous year. This is causing many people to believe we are in a bubble, reminiscent of what we experienced in 2005-6, and headed towards another Real Estate bust. That is not the case. Read on to find out why not,k and contact me to see how you can take advantage of this market and why now is the time to buy or sell.

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

The pandemic has led to both personal and economic hardships for many American households. The overall residential real estate market, however, has weathered the storm and will continue to do so in 2021. Read on…

Are Home Prices Headed Toward Bubble Territory?

Most aspects of life have been anything but normal in 2020. That includes buying and selling real estate. High demand coupled with restricted supply has caused home prices to appreciate above historic levels. With the end of the health crisis in sight, we will see price appreciation return to more normal levels next year.