The Drew Team is here to help you reach your goals!

Jan. 25, 2022

Sellers: Don’t Wait Until Spring To Make Your Move

Sellers: Don’t Wait Until Spring To Make Your Move | MyKCM

As you plan out your goals for the year, moving up to your dream home may top the list. But, how do you know when to make your move? You want to time it just right so you can get the most out of the sale of your current house. You also want to know you’re making a good investment when you buy your new home. What you may not realize is, that opportunity to get the best of both worlds is already here.

You don’t want to wait until spring to spring into action. The current market conditions make this winter an ideal time to move. Here’s why.

1. The Number of Homes on the Market Is Still Low

Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market than there are homes available, and that means buyers are eagerly waiting for your house. Listing your house now makes it the center of attention. As a seller, that means when it’s priced correctly, you can expect it to sell quickly and get multiple strong offers this season. Just remember, experts project more inventory will come to market as we move through the winter months. The 2022 forecast says this:

“After years of declining, the inventory of homes for sale is finally expected to rebound from all-time lows.”

Selling now may help you maximize the return on your investment before your house has to face more competition from other sellers.

2. Your Equity Is Growing in Record Amounts

Current homeowners are sitting on record amounts of equity thanks to today’s home price appreciation. According to the latest report from CoreLogicthe average homeowner gained $56,700 in equity over the past 12 months.

That much equity can open doors for you to make a move. If you’ve been holding off on selling because you’re worried about how rising prices will impact your own home search, rest assured your equity can help fuel your next move. It may be just what you need to cover a large portion – if not all – of the down payment on your next purchase.

3. While Rising, Mortgage Rates Are Still Historically Low

In January of last year, mortgage rates hit the lowest point ever recorded. Today, rates are starting to rise, but that doesn’t mean you’ve missed out on locking in a low rate. Current mortgage rates are still far below what they’ve been in recent decades:

  • In the 2000s, the average mortgage rate was 6.27%
  • In the 1990s, the average rate was 8.12%

Even with mortgage rates rising above 3%, they’re still worth taking advantage of. You just want to do so sooner rather than later. Experts are projecting rates will continue to rise throughout this year, and when they do, it’ll cost you more to purchase your next home.

4. Home Prices Are Going To Keep Rising with Time

According to industry leaders, home prices will also continue appreciating this year. While experts are forecasting more moderate home price growth than last year, it’s important to note prices will still be moving in an upward direction throughout 2022.

What does that mean for you? If you’re selling so you can move into a bigger home or downsize to the home of your dreams, you want to consider moving now before rates and prices rise further. If you’re ready, you have an opportunity to get ahead of the curve by purchasing your next home before rates and prices climb higher.

Bottom Line

If you’re considering selling to move up or downsize, this may be your moment, especially with today’s low mortgage rates and limited inventory. Let’s connect today to get set up for homebuying success this year.

We can help you anywhere in Arizona's Phoenix Valley and we specialize in the Queen Creek, San Tan Valley area which is growing at an astonishing pace.

Posted in market update
Jan. 18, 2022

Forebearance: It worked because homes continued to gain equity!

There Won’t Be a Wave of Foreclosures in the Housing Market

There Won’t Be a Wave of Foreclosures in the Housing Market | MyKCM

When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago.

Here’s a look at why that isn’t the case.

1. There Are Fewer Homeowners in Trouble This Time

After the last housing crash, over nine million households lost their homes to a foreclosure, short sale, or because they gave it back to the bank. Many believed millions of homeowners would face the same fate again this time.

However, today’s data shows that most (OVER 82%) homeowners exited their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in a way that allowed them to start making payments again. The latest data from the Mortgage Bankers Association (MBA) studies how people exited the forbearance program from June 2020 to November 2021.

Here are those findings:

38.6% left the program paid in full
  • 19.9% made their monthly payments during the forbearance period
  • 11.8% made up all past-due payments
  • 6.9% paid off the loan in full
44% negotiated work-out repayment plans
  • 29.1% received a loan deferral
  • 14.1% received a loan modification
  • 0.8% arranged a different repayment plan
0.6% sold as a short sale or did a deed-in-lieu
16.8% left the program still in trouble and without a loss mitigation plan in place

2. Those Left in the Program Can Still Negotiate a Repayment Plan

As of last early January, the total number of mortgages still in forbearance stood at 890,000. Those who remain in forbearance still have the chance to work out a suitable plan with the servicing company that represents their lender. And the servicing companies are under pressure to do just that by both federal and state agencies.

Rick Sharga, Executive Vice President at RealtyTrac, says in a recent tweet:

“The [Consumer Financial Protection Bureau] and state [Attorneys General] look like they're adopting a ‘zero tolerance’ approach to mortgage servicing enforcement. Likely that this will limit #foreclosure activity for a good part of 2022, while servicers explore all possible loss [mitigation] options.”

For more information, read the warning issued by the Attorney General of New York State.

3. Most Homeowners Have More Than Enough Equity To Sell Their Homes

For those who can’t negotiate a solution and the 16.8% who left the forbearance program without a work-out, many will have enough equity to sell their homes and leave the closing with cash instead of facing foreclosures.

Due to rapidly rising home prices over the last two years, the average homeowner has gained record amounts of equity in their home. As Frank Martell, President & CEO of CoreLogic, explains:

“Not only have equity gains helped homeowners more seamlessly transition out of forbearance and avoid a distressed sale, but they’ve also enabled many to continue building their wealth.”

4. There Have Been Far Fewer Foreclosures Over the Last Two Years

One of the seldom-reported benefits of the forbearance program was that it allowed households experiencing financial difficulties prior to the pandemic to enter the program. It gave those homeowners an extra two years to get their finances in order and work out a plan with their lender. That prevented over 400,000 foreclosures that normally would have come to the market had the new forbearance program not been available. Otherwise, the real estate market would have had to absorb those foreclosures. Here’s a graph depicting this data:

There Won’t Be a Wave of Foreclosures in the Housing Market | MyKCM

5. The Current Market Can Easily Absorb Over a Million New Listings

When foreclosures hit the market in 2008, they added to the oversupply of houses that were already for sale. That resulted in over a nine-month supply of listings, and anything over a six-month supply can cause prices to depreciate.

It’s exactly the opposite today. The latest Existing Home Sales Report from the National Association of Realtors (NAR) reveals:

“Total housing inventory at the end of November amounted to 1.11 million units, down 9.8% from October and down 13.3% from one year ago (1.28 million). Unsold inventory sits at a 2.1-month supply at the current sales pace, a decline from both the prior month and from one year ago.”

A balanced market would have approximately a six-month supply of inventory. At 2.1 months, the market is severely understocked. Even if one million homes enter the market, there still won’t be enough inventory to meet the current demand.

Bottom Line

The end of the forbearance plan will not cause any upheaval in the housing market. Sharga puts it best:

“The fact that foreclosure starts declined despite hundreds of thousands of borrowers exiting the CARES Act mortgage forbearance program over the last few months is very encouraging. It suggests that the ‘forbearance equals foreclosure’ narrative was incorrect. . . .”

Posted in market update
Jan. 12, 2022

Avoid the Rental Trap in 2022

Avoid the Rental Trap in 2022

Avoid the Rental Trap in 2022 | MyKCM

Are you one of the many renters thinking about where you’ll live the next time your lease is up? Before you decide whether to look for a new house or another apartment, it’s important to understand the true costs of renting in 2022.

As a renter, you should know rents have been rising since 1988 (see graph below):

Avoid the Rental Trap in 2022 | MyKCM

In 2021, rents grew dramatically. According to, since January 2021:

. . . the national median rent has increased by a staggering 17.8 percent. To put that in context, rent growth from January to November averaged just 2.6 percent in the pre-pandemic years from 2017-2019.”

That increase in 2021 was far greater than the typical rent increases we’ve seen in recent years. In other words – rents are rising fast. And the 2022 National Housing Forecast from projects prices for vacant units will continue to increase this year:

“In 2022, we expect this trend will continue and fuel rent growth. At a national level, we forecast rent growth of 7.1% in the next 12 months, somewhat ahead of home price growth . . .”

That means, if you’re planning to move into a different rental this year, you’ll likely pay far more than you have in years past.

Homeownership Provides an Alternative to Rising Rents

If you’re a renter facing rising rental costs, you might wonder what alternatives you have. If so, consider homeownership. One of the many benefits of homeownership is it provides a stable monthly cost you can lock in for the duration of your loan.

As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:

“. . . fast-rising rents and increasing consumer prices, may have some prospective buyers seeking the protection of a fixed, consistent mortgage payment.”

If you’re planning to make a move this year, locking in your monthly housing costs for 15-30 years can be a major benefit. You’ll avoid wondering if you’ll need to adjust your budget to account for annual increases.

Homeowners also enjoy the added benefit of home equity, which has grown substantially right now. In fact, the latest Homeowner Equity Insight report from CoreLogic shows the average homeowner gained $56,700 in equity over the last 12 months. As a renter, your rent payment only covers the cost of your dwelling. When you pay your mortgage, you grow your wealth through the forced savings that is your home equity.  

Bottom Line

If you’re thinking of renting this year, it’s important to keep in mind the true costs you’ll face. Let’s connect so you can see how you can begin your journey to homeownership today.

Posted in market update
Jan. 10, 2022

How to Hit YOUR homebuying goals this year!

How To Hit Your Homebuying Goals This Year [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you’re looking to buy a home, you may want to put these items on your to-do list to ensure you hit your goals.
  • It’s important to start working on your credit and saving for a down payment early. When you’re ready to begin your search, work with a real estate professional and get pre-approved so you know how much you can borrow.
  • Connect with a real estate advisor so you have the guidance you need to achieve your homebuying goals this year.
Jan. 3, 2022

How Much Do You Need for Your Down Payment?

How Much Do You Need for Your Down Payment?

How Much Do You Need for Your Down Payment? | MyKCM

As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment?

If you think you have to put 20% down, you may have set your goal based on a common misconception. Freddie Mac says:

“The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.”

Unless specified by your loan type or lender, it’s typically not required to put 20% down. According to the Profile of Home Buyers and Sellers from the National Association of Realtors (NAR), the median down payment hasn’t been over 20% since 2005. It may sound surprising, but today, that number is only 13%. And it’s even lower for first-time homebuyers, whose median down payment is only 7% (see graph below):

How Much Do You Need for Your Down Payment? | MyKCM

What Does This Mean for You?

While a down payment of 20% or more does have benefits, the typical buyer is putting far less down. That’s good news for you because it means you could be closer to your homebuying dream than you realize.

If you’re interested in learning more about low down payment options, there are several places to go. There are programs for qualified buyers with down payments as low as 3.5%. There are also options like VA loans and USDA loans with no down payment requirements for qualified applicants.  Additionally there are various down payment assistance programs that could be available as well.

To understand your options, you need to do your homework.  Connecting with us at The Drew Team could be a great start as many of the above options will be ruled in or out based on home type, location and other factors we can share.   We also have great lending partners we can connect you to for a quick conversation that can tell you which programs you may qualify for - reach out today so we can put you on a the path to reaching YOUR goals.

If you’re interested in learning more about down payment assistance programs, information is available through sites like Be sure to also work with a real estate advisor from the start to learn what you may qualify for in the homebuying process.

Bottom Line

Remember: a 20% down payment isn’t always required. If you want to purchase a home this year, let’s connect to start the conversation and explore your down payment options.

Dec. 27, 2021

When a House Becomes a HOME

When a House Becomes a Home

When a House Becomes a Home | MyKCM

It’s clear that owning a home makes financial sense. But lately, the emotional side of what drives homeownership is becoming increasingly important.

No matter the living space, the feeling of a home means different things to different people. Whether it’s a familiar scent or a favorite chair, the feel-good connections to our own homes can be more important to us than the financial ones. Here are some of the reasons why.

1. Owning your home is an accomplishment worth celebrating

You’ve put in a lot of work to achieve the dream of homeownership, and whether it’s your first home or your fifth, congratulations are in order for this milestone. You’ve earned it.

2. There’s no place like home

Owning your own home offers not only safety and security but also a comfortable place where you can simply relax and unwind after a long day. Sometimes that’s just what we need to feel recharged and truly content.

3. You can find more space to meet your needs

Whether you want more room for your changing lifestyle (think: working from home, dedicated space for a hobby, or a personal gym) or you simply prefer to have a large backyard for entertaining, you can invest in a home that truly works for your evolving needs.

4. You have control over renovations, updates, and your style

Looking to try one of those decorative wall treatments you saw on Pinterest? Tired of paying an additional pet deposit for your apartment building? Maybe you want to create an entire in-home yoga studio. You can do all of these things in your own home.

Bottom Line

Whether you’re a first-time homebuyer or a repeat buyer who’s ready to start a new chapter in your life, now is a great time to reflect on the non-financial factors that turn a house into a happy home.

Posted in market update
Dec. 21, 2021

Merry Christmas and Happy New Year from The Drew Team

Celebrating Home, Happiness and a Season of Joy!   

The Drew Team wishes you a Very Merry Christmas and a Happy New Year!


2021 has been full of success, challenges and we have been privileged to serve many families in reaching their HOME goals, THANK YOU to each of you for allowing us to serve!

Our Giving Tuesday charities continue to be great options for year-end giving and tax benefits - you can see them HERE!

Finally we want to remember our First Responders, especially those who will be working throughout the holidays, THANK YOU for being out there to serve our communities, we appreciate you and the sacrifice you make along with your families!   We would love to honor you and serve you if you are considering a home purchase.


Thanks to our partners in honoring our First Responders:

The Drew Team real estate REALTORs Arizona The Drew Team partners with Jason Wojtyna at Fairway to honor first responders Ability Home Inspections partners with The Drew Team to honor First Responders    The Drew Team and Magnus Title honoring First Responders

Posted in giving back
Nov. 29, 2021

Giving Tuesday - Ways to Give Back!

There are many options to invest in your community or others #GivingTuesday has become a day of special focus!

At The Drew Team we have some great charities that we support consistently:  Today seemed a good day to share them and a bit about why we support them in hopes that it may inspire others to do the same in their community!

Phoenix Children's Hospital The Drew Team supports

Number 1 over the last decade for The Drew Team has been supporting the work of Phoenix Children's Hospital.  We are blessed to have world class doctors, nurses, staff and facilities here in Arizona, and the work of PCH is certainly world class.   There mission is obvious but few realize that nearly 1 in 8 Arizona families will have a child admitted to Phoenix Children's Hospital in addition to those who come from further away.  

This year PCH is not accepting donations of items, however you can join us at The Drew Team by making a direct financial impact to their work by accessing this LINK to DONATE.

The Drew Team Supports Heart Warrior Jaxton's

Our 2nd community of impact is actually related to the first but with a very special focus.   Jaxton's Heart Warrior Foundation and their major fundraising Golf Tournament are a truly personal community for The Drew Team as the namesake is a child of the Hansen family whom we have had the pleasure of serving multiple times and also many related friends and family.   

Jaxton was born with a life threatening heart defect and spent 3 months in PCH's ICU!  As he healed and life became more normal over time, the Hansen family had a desire to support the Hospital, thus Jaxton's Heart Warrior Foundation was born to raise money to support families that would follow in needing such care.   You can read more about the even HERE and more about Jaxton's journey on the Foundation website HERE.

The Drew Team Supports Hope Women's Center

Another of our favorite local charities is Hope Women's Center, truly the embodiment of a scriptural reference in supporting our modern "widows and orphans" by giving them necessities, education and most importantly the encouragement that they don't walk alone into the future... there is hope.   

The Drew Team counts it a great joy that this organization serves the Valley and fullfils such a need.   As they say "Hope's mission is to encourage, engage, and equip women & teen girls facing any difficult life situation.  We guide women from trauma to transformation!"  Find out more by visiting their website HERE.

Healing Saddles supported by The Drew Team

Healing Saddles Inc is another wonderful non-profit that fits passions as a place to support as they focus on therapy for both Children/Youth and First Responders!   They do this by utilizing Equine Therapy to benefit those who have physical, developmental, and emotional disabilities.  Their goal is to enhance lives using the "connections of animals, therapists, and volunteers to beneifit the lives of children, youth and first responders."

You can find out more about their work, events, how to volunteer and how to support them financially on their website at

Obviously there are many other worthy causes, foundations, ministries and organizations... We hope this is inspiration for YOU to find your passion to support our community  #GivingTuesday is just a day but we believe supporting our communities is one of the key components to a life that goes beyond us and hope you will join us in that pursuit.








Posted in giving back
Nov. 24, 2021

Finding YOUR Home in a Competitive Market

Get the Home you want with a new perspective!


The real estate market remains competitive for buyers as the sellers are still in control, however there are some things a buyer can do to increase their opportunity!  I'll give you a few more after this short video example:


First is getting a prequalification or pre-approval if you are getting a loan.  In Arizona it must be included with the offer or if not the offer will not even be presented to a seller.   You don't want to miss out on the desired home because you needed time to get a prequalifcation while someone else buys the house.

Second is to be sure you know your timeframe.  If moving from a rental this likely is centered around your lease, know that from accepted offer to closing the contract takes typically 30-45 days but that doesn't include the time to search and find the property.  It is recommended to reach out to a REALTOR a few months before your lease end so that you can be prepared and not rushed.

Third knowing what you will need for funds beyond the down payment - such as for an inspection, appraisal etc, while not huge costs it can still be a hurdle if you are unaware  -- which is why at The Drew Team we love to meet and discuss the details of the process to reduce stress.

The bottom line is that being prepared and knowing your options are the best way to both reduce stress and to win the home you will be happy in for years to come.   Having a professional that represents you and your interests is the best way to do this.

Want to know how to win in today's real estate market? Contact us so we can help you get on the right path TODAY just like we have done for nearly 1000 families already.

Posted in market update
Nov. 10, 2021

Is the real estate market shifting? YES

The Real Estate market is shifting! 

Could it be a positive for both sellers AND buyers? YES!!!


The real estate market is always in flux, 2021 has been dramatically one-sided with sellers in control and buyers at their mercy.   TODAY that is changing and it may mean both sides can benefit in a few ways!  KEEP READING TO SEE HOW.


 - Are sellers still in control?  YES    The market remains very strong, the most important factor is that we only have about 1 month of supply and still a very strong demand for homes.   

 -Is it still a strong time to sell? YES  Many presume holidays/fall is a tough time to sell, yet there are still buyers in the market and you know they are serious buyers because they are making the time to find a home. Buyers who have been trying to get in a home for a few months are still needing a home.

 - Will sellers still reap benefits of 2021's double-digit appreciation?  YES   This year has seen strong appreciation in home values!  The prices continue to creep up.  If listing a home NOW, you will get the appreciation in price, have serious, qualified buyers looking and likely get a strong contract with less hassle.

The Drew Team Home Appreciation 2021 Sell Your House

Making the most of this time as a Seller:

        The most important part for a seller TODAY is working with a professional that understands your neighborhood, pricing to maximize offers & negotiating experience to guide you to the most profit while reducing stress!   The Drew Team has served in over 80 home sales this year, we can help you win!


- Are there MORE homes for sale now?  YES  This is huge, especially if you were looking earlier this year, LOOK AGAIN!   As an example, in May we only had 4800 homes available Valley-wide, TODAY we have about 7500 home available - a 50%+ increase!!!    

- Is NOW a better opportunity for buyers?  YES  The opportunity takes a few forms in this time.  Obviously more homes, more options and beyond that there is less competition!  Many people who were looking at the peak simply gave up, thus we are seeing less offers which increases your chances of seeing, liking, offering AND winning a home!

- Can First Time Buyers WIN in this market? YES  We secured a contract for a First-Time Buyer who was using a Down Payment Assistance Program on a beautiful home in Queen Creek just this week.  Our experience and expertise can help YOU win even now!  We do this by coaching you, preparing you, making sure you know what to expect AND by being your advocate with the seller/listing agent while negotiating hard on your behalf!  Who you work with matters!!! Cost more to wait Buy NOW and save with The Drew Team

Bonus for Renters:

      - If you are renting it may be of interest that in the last year rental rates have increased faster than home appreciation...  to such an extent that owning is less expensive than renting in MANY cases.   

      As a local example we have a client that recently purchased a  home in Queen Creek for $340,000:   

     That same floorplan, in the same community is RENTING for $2,000 per month.   

     By comparison the principle and interest payment on a mortgage for that same house (FHA with only 3.5% down)          would be likely be $1600-1700 depending upon credit.

Home More Affordable than Renting The Drew Team


Posted in market update