How Rising Mortgage Rates will Impact Soaring Home Prices in Metro Phoenix - May 4, 2022

How Rising Mortgage Rates will Impact Soaring Home Prices in Metro Phoenix - May 4, 2022

For the 33rd consecutive month, metro Phoenix led the nation in February home price growth — at a whopping 32.9% year-over-year gain, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index released April 26.  But rising mortgage interest rates could put a bit of a damper on this upward trajectory, analysts say. * "We expect home price appreciation to slow down due to the new environment in the mortgage industry," said Steven Hensley, advisory manager for Zonda housing market research firm. "However, it is unlikely that home values will fall in the short term given low inventory levels. Given all the uncertainty in the housing market today, Phoenix home buyers are proving resilient."

Phoenix Mortgage Costs Skyrocket 20% Already This Year - April 26, 2022

Home shoppers are facing a one-two punch this spring: Quickly rising mortgage rates are compounding affordability challenges that have been brought on by record home value growth. The cost of a 30-year mortgage on the typical U.S. home is now 19.5% higher than it was just three months ago, according to the March Zillow® Real Estate Market Report and Phoenix mortgage costs skyrocketed an astonishing 20.4% just since the start of the year. Despite this, the pace and volume of sales picked up in March, showing the depth of the pool of home buyers willing and able to meet current asking prices.

5 Tips for First-Time Home Buyers Jan 25, 2022

5 TIPS FOR FIRST-TIME HOME BUYERS It’s projected this year that millennials will make up over 51% of national home buyers.  There’s plenty to learn about real estate. Buying or selling a home can be a daunting ordeal if buyers don’t feel knowledgeable about the industry. We’ve put together five important things for buyers to consider when finding their first home: 1. Check Your Credit:  Conventional home loans  typically require a credit score to be at least 620 and if it’s below that, buyers will want to look into a Federal Housing Administration loan. 2. Home Buyer’s Confidence:  It’s important before buying a home to know significant key terms and what they mean. Buyers must also research the real estate in their area. 3. Commission, What is It?  Buyers should ask agents up front what they should expect to pay in agent commissions, fees and closing costs. 4. Work With An Experienced Real Estate Agent:  Working with a knowledgeable and experienced agent who understands your market and its current conditions can make all the difference in your home buying journey. 5. Mortgage Myths:  PMI is usually required when a homebuyer can’t afford a 20% down payment. New homeowners should strive to avoid PMI. It ultimately raises home payments and can make homes unaffordable. Buying a home is a huge step but with knowledge and a great agent, consumers will be headed in the right direction!

AirDNA’s 2022 Forecast U.S. Short-Term Rental Outlook Report - Dec 14, 2021

Get Real Estate with Liz & Marie presents our weekly Phoenix market update including AirDNA’s 2022 Forecast U.S. Short-Term Rental Outlook Report   For the full blog click here: https://lizandmarie.com/housing-forecast-how-much-phoenix-home-prices-will-rise-in-2022-get-real-estate-with-liz-marie  Predictions are based on AirDNA’s industry-leading library of over 10 million vacation rentals in 120,000 global markets, along with third-party data on economic performance. While the stage is set for demand to fully recover by the end of 2021 (2.6% higher than 2019), we expect demand to grow another 14.1% in 2022 over 2021 levels. With the number of available listings still 9% below 2019 levels and existing properties essentially full during peak travel periods, demand growth will hinge on more supply coming online to accommodate more travelers or higher occupancy of existing listings. Overall, AirDNA expects a 15% increase in U.S. listings in 2022 over 2021, with gains spread across large cities and destination/resort markets.   https://lizandmarie.com/we-buy-houses-in-scottsdale-az/  About Liz & Marie  Liz & Marie are the Scottsdale area’s leading real estate solutions company. We successfully work with homeowners, buyers, sellers, real estate agents, and real estate investors, buying and selling all types of residential real estate. We are confident that we can find the right property or solution for you, whether you have a house to sell, are looking to buy your next investment property, or are looking for your family’s “forever home.” We can share our knowledge so that you can make the best decisions for your situation and we are dedicated to making everyone’s experience a smooth and successful process. Liz & Marie specialize in buying and selling your home at the price, and on the timeline, that works for all of us. Our extensive knowledge of real estate investing and a large network of real estate investors nationwide allows us to offer more buying choices and a wide variety of selling options for all types of home buyers and sellers, including financially distressed homeowners. Our mission is to work hand in hand with all parties and to handle every situation with the utmost professionalism and care. We are thrilled to be a part of this next chapter in your life.  Our commitment to excellence starts with treating you and your transaction with the utmost care and professionalism.  We know that buying and selling a home is one of the biggest decisions you’ll ever make and we are humbled that so many homeowners choose us to join them on their journey.  Let us lead the way and earn your business today. We may be Crazy Liz and Wacky Marie but together we can do anything. Our combined experience in real estate has given us tons of lessons and has provided us the opportunity to help many homeowners! We are always striving to learn more and help others! Let us know how we can help you today!

Taiwan Semiconductor suppliers now flocking south to Casa Grande - Dec 21, 2021

The massive investment from Taiwan Semiconductor Manufacturing Co. has already been lauded as a spark for development in the far northern part of Phoenix, but a group of suppliers that will service the fabrication facility are starting to gather in another location: Pinal County. Taiwanese media reported in 2020 that the Chang Chun Group factory in Arizona will produce electronic-grade hydrogen peroxide, tetramethylammonium hydroxide (TMAH)-based developers, electronic-grade solution and plating solution. The land Chang Chun Group bought was part of the Pinal County Technology Park The technology park is also where Kohler Co. plans to build its $300 million manufacturing facility. There are a number of factors that make Casa Grande and Pinal County an attractive place for the suppliers, overall cost for a site that is rail-served in Casa Grande can be a quarter or a third of the cost of a similar site in Phoenix We are dealing with almost explosive growth of the manufacturing and industrial growth in Casa Grande and Pinal County. TSMC is already under construction on its plant in north Phoenix near Loop 303 and Interstate 17. The city of Phoenix has also designated some areas in north Phoenix as “supplier sites” that are designed to work with TSMC’s fabrication facility.