market update

Aug. 18, 2023

Are Home Prices About to Explode?

Interesting question as we still have a lack of inventory and demand for homes continues to rise, this short video has details!

 

Seems like a crazy question to many people, however with inventory still at historic lows, while the interest rates remain above what we have seen over the ...

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Posted in market update
July 29, 2023

Key Housing Market Trends [INFOGRAPHIC]




Some Highlights

  • If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.
  • Housing inventory is still very low, prices are climbing back up, and homes are selling fast when priced right.
  • If you want more information about our local area and ...
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Posted in market update
July 13, 2023

Hot Summer Market in Arizona

What is happening in the Hot Summer market of Arizona?

Less homes for sale but our demand remains steady and the market is fairly well balanced at 2 months of supply. 

Some people are hesitant to move and take on the new interest rates, although most sellers have great ...

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Posted in market update
May 10, 2023

"Penalty for Good Credit" DTI provision Rescinded by FHFA

From the Federal Housing Finance Agency (FHFA) website 5/10/23
News Release

FHFA Announces Rescission of Enterprise Upfront Fees Based on Debt-To-Income (DTI) Ratio

Agency to also issue Request for Input on the Enterprise single-family pricing framework

FOR IMMEDIATE RELEASE
5/10/2023

​​​Washington, D.C. – The ...

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Posted in market update
May 10, 2023

Why Today’s Housing Market Is Not About To Crash




There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up.

But the data clearly ...

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Posted in market update
April 28, 2023

Penalty for Good Credit on New Mortgages? A Market Update

In this brief real estate market update there are some big questions...

Is good credit being penalized on new mortgages? (sort of)

Is there a 40 year mortgage option? (not really)

Can you save lives by golfing? (surprise here)

And, what is happening in the real estate market? (it ...

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Posted in market update
April 25, 2023

What Are the Experts Saying About the Spring Housing Market?



The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in ...

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Posted in market update
Jan. 11, 2023

2023 Real Estate Market Forecast

The Arizona real estate market has changed! NOW may be the best time to reach YOUR goals so have a listen then connect with us to start on the path to reaching your real estate goals.

2023 has already seen an increase in home showings and buyer inquires, additionally the ...

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Posted in market update
Dec. 31, 2022

Expert Insights to the 2023 Housing Market

Wondering what housing experts are calling for in 2023 and how it impacts your plans? Let’s connect so you’re prepared for what’s to come in the new year.   

The Drew Team's Robin & Steven Drew, Robin McAvoy, Casey Hurlburt, Tom Walton and amazing Admin Nancy Horn bring ...

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Posted in market update
Nov. 21, 2022

Home Equity: A Source of Strength for Homeowners Today

Home Equity: A Source of Strength for Homeowners Today | MyKCM

Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First Americansays:

“. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle ...

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Posted in market update