Home Buyer vs Seller Today – Who’s Smarter?

The House Price is critical to the question Sellers are in absolute control of the metro Phoenix housing market at lower prices, like under  $250,000. Buyers are in a similar position at upper prices, like over $750,000. This chart for “Months Supply verses Price” makes this fact very clear. At under $250k, if no additional homes … Continued

Water Heater System – Your Choices Matter

Water Heater … Boring! Right? Well, not so fast! … especially if you are considering the purchase of a new to-be-built home, but also if you are considering some significant remodeling. Long pipe-runs from the water heater to the kitchen and/or bath rooms will add significantly to energy costs unless the system is designed to … Continued

Arizona Home Sale Closing – Likely not what you think!

As defined in the Purchase Contract -Feb2017,  an Arizona home sale closing is a very specific and precise event. “Closing” is the moment of recording of transaction documents at the County Recorder office where the property is located. An Arizona home sale transaction closing does NOT occur when the seller and/or buyer sign their respective … Continued

Credit Rating – Current scope too limited

What payment histories are considered in determining a credit rating? How many of the following do you think are included … Rent payments? Utility payments? Cell phone network payments? Consider this situation … we’ll use “Kelly” as the name of a hypothetical young man or woman who graduates college, having been able to do so … Continued

Metro Phoenix Housing Market 2018

Off the Charts Economists predictions for metro Phoenix, Maricopa County, in 2018: #1 county in USA for population growth … for 2nd year in a row #1 county in USA for domestic in-migration #3 county in USA for births over deaths #6 county in USA for international in-migration will reach 2,000,000 non-farm jobs Besides being … Continued

FREE MONEY!! AzHFA – Renters … Check this out!

Mr/Ms. Renter … You are likely paying more to rent than you would pay monthly to buy the equivalent home or condo!  In Maricopa County, i.e., metro-Phoenix, rents have increased that much, interest rates are still that low, and home prices are still reasonable. While low rates is good news, there’s even better news!  You may … Continued

Flipping Homes – Facelift to Teardown

Flipping Homes – buying properties to promptly resale at a profit. A rare idea just a couple of decades ago, is being attempted rather commonly these days. And with an extreme range of results – from spectacular success to equally spectacular failure. Is there an overall indicator of the likely success level that can be … Continued

Lies, Damned Lies and … Zestimates

Housing Market Stats

Let me be clear:  the Zillow “Zestimate” home value estimates are as good as those from any other “automated valuation model” (AVM). Unfortunately, as will be evidenced below, all AVMs are unreliable predictors of the price buyers are likely to be willing to pay for a specific property because … (1) the data AVMs have … Continued

Arizona Home Buyer Assistance

Arizona is a great place to live, but not because of consistent progressiveness across the gamut of life issues. Our politicians are about as muddled and “backwards” as can be, but in some ways Arizona is a model for how to do things right. A great example is the variety of Arizona home buyer assistance … Continued

Where to live? Making your choice

Where to live, of course, is not always a matter of choice. Individuals and families often must go where the job demands. Even in the working years, and commonly in retirement, where to live is the most basic issue. Factors very commonly used for choosing where to live are: Mild climate Low crime rate Low cost of living … Continued