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Author: cpatrickaz

Understanding the NAR Settlement Agreement: What It Means for Home Buyers

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The real estate industry is undergoing significant changes as a result of the recent National Association of Realtors (NAR) settlement. These changes, effective August 17, 2024, are designed to increase transparency and empower consumers—whether you’re buying or selling a home. Here’s what you need to know about how these updates might impact you as a … Continued

August Housing Market Update

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Welcome to the August housing market update. The affordability in Maricopa County has improved slightly, though there is no sign yet of this leading to strengthening demand. It would make sense to assume that potential buyers are waiting for mortgage rates to come down. Here are the basics – the ARMLS numbers for August 1, … Continued

Phoenix Housing Market Update Summary for July

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Welcome to July’s housing market update, I hope you had a fun & safe 4th of July celebration! The first half of 2024 has been a very subdued period for Greater Phoenix’s residential real estate. The market is not in trouble, but the closing volumes have been far below normal and buyer enthusiasm is unusually weak … Continued

Just Sold In Litchfield Park

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We just got this home sold! Supply continues to climb, which is unusual for the time of year and we notice that the rate of climb has increased since last month. Buyers have 54% more homes to choose from than they had last year but still face 30-year mortgage rates of over 7% which is … Continued

June 2024 Housing Market Update

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Phoenix Housing Market Update Summary for June We are now seeing a weakening trend in the market. Sellers are nervous and buyers are unenthusiastic. We are not in a buyer’s market overall, but some significant markets are. If current trends continue then more areas could join them as inventory continues to climb! Just Look how … Continued

COMING SOON! Litchfield Park

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Brand new paint, carpet & updated unit in the gated community of Renaissance Villas. Well-maintained townhome w/ 2 Car Tandem Garage. Nothing needed; move in ready!! 1 bedroom, 1 bath townhome features an open kitchen/great room concept with vaulted ceilings. Newer stainless steel appliances (2019). Refrigerator, washer/dryer (2019) and water heater (2023) included. Owners Suite … Continued

Wire Fraud: A Real Threat for Home Buyers

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In an age where digital transactions dominate, the convenience of wire transfers has become a double-edged sword, particularly for home buyers. The allure of swift transactions can sometimes blind us to the lurking dangers of cybercrime, with wire fraud emerging as a significant threat in the real estate realm. Recently, one of our clients encountered … Continued