today’s market update

TODAY’S ARIZONA MARKET UPDATE:

Here in AZ, active listings are coming to the market with an average of about 200 homes a week — that means today there are about 15,200 Sellers who are eagerly awaiting a buyers offer to purchase //

In this 2024 market most homeowners need to expect and plan for about 90 to 100 days before close of escrow (aka sold status).

The market we saw a few years ago has definitely come and gone — the best way to say it would be its a new year and new market trends, along with changing interest rates.

All of this data is what brings us to today. If you are considering selling your home, let connect!

@Sumer.Grandil@SoldByLimitless.com

** 2024 Real Estate Market Buyer Trend **

Even though interest rates are still trending changes, the power of a “pre-approval” is the key to purchasing a home this year ✨
 
Getting pre-approved is like having the ultimate power move in your house-hunting game plan. Thanks to the expected improvements of mortgage rates, more Sellers & Buyers are back in the mix. 🌞
Arizona #realestatemarkettrends are showing initial trends to a balanced market with an average of 67days on market & about 79days of inventory —
As a buyer with a pre-approval, you can strut in with a killer offer that steals the spotlight. 🏡✨
If you’re on the journey to buying a home, and need a lender — say no more! I can help connect you with a lender to take a peek at your finances. They check out stuff like your job forms (W-2), tax papers, credit score, bank statements, and more.  🎉 Once they’ve got the lowdown, they’ll hand you a pre-approval letter.  With pre-approval, you’re armed and ready to face the competition!

2024 TOP ARIZONA CITIES PEOPLE ARE MOVING TO //

📬ARE YOU C ON SI DER ING A #MOVETOARIZONA ? Whether you’re planning an in-state relocation or a move from out of state, Arizona’s real estate market offers a variety of options👀✨

U-Haul moving company, recently revealed that Arizona cities #Surprise and #QueenCreek have secured positions in the ✨✨top 25 fastest-growing cities in the United States for 2023, according to the U-Haul Growth Index ✨✨

📯💪🏽🏡🏁😎💎☎️🏡🏡🤑📬💨
>> The U-Haul Growth Index, which evaluates over 🚛🚚2.5 million trucks and trailers facilitating relocations across the nation in 2023, positioned
{{ Arizona as #8️⃣ overall state }}
for U-Haul that year ‼️🌵🏜️🌲🌻

•Queen Creek’s remarkable population doubling in just eight years played a significant role in its inclusion in the U-Haul index // ☪️ Both Queen Creek and Surprise show the rapid growth is attributed in part to the favorable real estate conditions in Queen Creek, where property taxes are low, and you can purchase a three-bedroom home at half the cost compared to Phoenix.

HAVE YOU VISITED ARIZONA?
💖💖Ever thought of chasing your dreams and moving to Arizona?

Future of Real Estate // 4th Quarter of 2020

Since the pandemic broke out, people are making moves! People want space -more social distancing type of living environments. Men and Women are working from home more than ever! The housing market continues to STAY STRONG while America is figuring out ways to live within the continued COVID19 pandemic.

With elections coming up this fall, some Buyers and Sellers are treading lightly and waiting to see how things pan out. Most people don’t acknowledge or put together the timing of election and it being in 4th quarter. Those who know -they get it.

Fourth quarter seasonally declines every year. With sales then resuming in January - May of quarter 1. Also just in time for the PRESIDENTIAL INAUGURATION in 2021.

If you are one of those people who are waiting for a sign to #INVESTINREALESATE // look no further! There will always be time to respond to a CHANGE IN THE MARKET — and things will shift, thats how real estate goes! But for now, its #lowinterest rates, high BUYER DEMAND && not enough SUPPLY to meet that request.

*FRIENDLY REMINDER // The United States housing bubble was a real estate bubble affecting over half of the U.S. states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case–Shiller home price index reported its largest price drop in its history.

HOMES FOR SALE IN ARIZONA

WHAT IS MY HOME WORTH?

What Is Title Insurance?

DEFINE TITLE INSURANCE // A contract where by the Insurer, for valuable consideration, agrees to indemnify the Insured for a specified amount against loss through defect of title to real estate wherein the latter has an interest either as a purchaser or otherwise.

PURPOSE OF TITLE INSURANCE // Title insurance services are designed to afford real property owners, lenders, and others with interest in real estate, the MAXIMUM DEGREE OF PROTECTION from adverse title claims or risks. The financial assurance offered by a title insurance policy from the title company is, of course, the primary aspect of title protection. The policy affords protection both in satisfying valid claims against the title as insured and in defraying the expenses incurred in defending such claims.

WHAT IS THE TITLE SEARCH? Title companies work to eliminate risks by performing a SEARCH OF THE PUBLIC RECORDS or through the title company’s plant. The search consists of public records, laws and court decisions pertaining to the property to determine the current recorded ownership, any recorded liens, encumbrances or any other matters of record which could affect the title to the property. When a title search is complete, the title company issues a commitment for title insurance (pre-lim) detailing the current status of title.