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The Reality of AZ Realty
The Reality of AZ Realty
The reality of AZ realty is that searching for positive news about real estate is not that difficult these days.
Foreclosures have dropped in certain areas of the country. Some areas are showing rebounds, having an increase in sales volume and home values. The available home buyer tax credits and low mortgage rates are boosting home sales.
Even the drop in January sales appears temporary because, after-all, the tax credit expires on April 30th and people will start pounding the pavement in search of the new home to use it on.
Real estate that is selling in most places is because the price is right. For example, people are buying Phoenix AZ real estate that they view as priced appropriately. If the home is affordable, it will sell.
The real estate that is not selling is real estate that is owned by people who are having a hard time letting go of what they think their home is worth, or who will lose their shirt if they sell at the correct price.
The reality of realty is that home values are not nearly what most people thought they would be when they bought their homes at the height of the market, but if you price your Phoenix home correctly for this new market, you have a good chance of selling success.
Click here for a recent article from CNBC on what is going on in real estate right now.
Tony Marriott is a Phoenix AZ real estate agent and would love to show you Phoenix homes for sale or other Phoenix AZ properties. Tony Marriott can be contacted at 888-577-6585 or by email.
Figuring Out Scottsdale AZ Real Estate Statistics
When looking at Scottsdale AZ real estate statistics, don’t forget to remember your basic math. Median prices have been going up in some areas, down in others. The median is the value that occurs in the middle of everything that has sold. For example, if seven apples have sold for $1, $1.25, $1.5, $1.5, $1.5, $1.75 and $2. The median price would be $1.5. The median value is the middle price, it does not represent the size, quality or type of apple.
In real estate it is important to remember that the median sales price represents the average price of what homes are selling for in a given area. It is not representing the size, condition or value of a home. The median sales price can be offset by Scottsdale foreclosure property that is selling in an area as well as by luxury property that is selling in an area.
The best way to determine the value of your Scottsdale AZ real estate is to get it analyzed by an experienced Phoenix area real estate professional such as Tony Marriott. There are many factors in determining real estate values today and picking an average out of the air could hinder the sale of your home. In today’s Arizona real estate market it is more important than ever to price your home appropriately.
To search for Scottsdale AZ property for sale or if you have questions when selling your Scottsdale home, contact Tony Marriott at 888-577-6585 or by email.
January, Shmanuary, Look Ahead When it Comes to Arizona Real Estate
The latest real estate headlines for the US are that home sales were down in January, some of these headlines even use the word “plunged”. However, there are a few areas scattered around that managed to buck this trend and no media frenzy can change that. Think about it, is it really a surprise that sales are down in January? January is the coldest month, even if you live in a southern state like Florida, who wants to move in to a new house in January.
Does anyone really feel like shopping in January when they have just completed a major holiday season that began with Thanksgiving at the end of November? Most people are just plain worn out by the time New Year’s Day is over, the last thing they feel like doing in packing up and moving. It is a month to relax and observe.
The original First Time Home Buyer Tax Credit was meant to expire in November and when it got extended and expanded people realized that they had more time to make a decision. January data is showing a dip because people wanted to stop and take a look at what the new year would bring. Now that 2010 is here and people can see that mortgage rates and property values are staying low, housing is bound to show a steady increase in sales and eventually prices as well. Even Warren Buffet appears optimistic, stating that he believes that housing problems will soon be behind us.
Click here to view Warren Buffet’s stance on the economy and real estate as a whole.
Tony Marriott, a Phoenix and Scottsdale AZ Realtor, is optimistic about Arizona real estate too. Tony Marriott would be happy to show you Phoenix area real estate for sale or to answer any of your questions when relocating to Scottsdale AZ area. The Tony Marriott Team can be contacted at 888-577-6585 or by email.
Mortgage Rates Going Nowhere For Now
Interest rates appear to be staying put until the US economy gets back on track. This past week Ben Bernanke, chairman of the Federal Reserve, announced his desire to keep interest rates low due to the fragility of the economy.
Unemployment figures are continuing to rise. These increasing unemployment figures are interfering with recovery and affecting real estate and general sales figures across the country.
Historically low interest rates and low home values combined with the extended and expanded First Time Home Buyer Tax Credit, have been instrumental in boosting real estate sales in the United States. These incentives are bringing buyers off of the sidelines and have created a true “buyer’s market”.
Real estate is typically a catalyst for for economic recovery and keeping mortgage rates low will be a significant help in keeping the sales coming in the Phoenix Arizona real estate market. Click here to see a recent article about Ben Bernanke and his commitment to keeping interest rates low.
To find out how you can take advantage of the low interest rates when purchasing Phoenix property for sale or to view homes for sale in Arizona, please contact Phoenix realtor Tony Marriott. The Tony Marriott Team would love to show you available Phoenix real estate for sale and can be reached at 602-445-6299 or by email.
Help the Environment & Your Scottsdale AZ Real Estate with Green Improvements
- Green homes are becoming more attractive for the environment and the wallet
When it comes to your home going green no longer means painting your house a shade of the color, it means you are taking steps toward improving both the environment and your wallet.
In Scottsdale AZ real estate green improvements can mean more energy efficient appliances like refrigerators, stoves, toilets and lighting fixtures to major improvements like adding solar heating, recycled materials and wind energy. Green improvements are not only becoming more popular but they are also becoming more attractive financially due to tax savings and long term cost effectiveness.
Choosing renewable products and making environmentally friendly decisions when it comes to your Scottsdale AZ property can make a big difference. While being green is often a state of mind, for people who dedicate themselves to recycling, turning off lights, and bicycling instead of driving a car, making green improvements in the home has proven to make quite a difference.
For information about green choices for the home click here to read a recent article from Realty Times.
Tony Marriott, a Scottsdale real estate agent, can help you find green Scottsdale homes for sale or other Phoenix area property. The Tony Marriott Team would love to speak to you and can be contacted at 888-577-6585 or by email.