Scottsdale & Phoenix Real Estate Blog

Scottsdale & Phoenix real estate market trends, valuable news about, home prices, short sales, including foreclosure information in the Maricopa county plus much more. 

Oct. 12, 2017

Scottsdale Real Estate / Net Worth of Homeowners 44X Greater than Renters

Scottsdale Real Estate / Net Worth of Homeowners 44X Greater than Renters

 

So, you find yourself looking for a real estate agent as you are ready to buy a home, sell a home or perhaps both…

When it comes to Scottsdale Real Estate and the vast amount of choices offered from many venues. It is wise to take your time and take your home search seriously 

Did you know that the real estate agent you choose could make or break things for you? Did you also know that the professional that you choose to help you during the process of buying or selling your next home should be done with caution or it could cost you thousands of dollars? 

I offer my services in the Scottsdale Real Estate to the public because I excel in my ability to understand your needs, translate them into reality and to do so with the minimum of angst ...and for that reason, I believe I’m the right person for you.

Today, I want to address something that may be very important to you, it is about Net Worth of Homeowners 44X Greater than Renters

 

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago. 

The study revealed that the 2016 median net worth of homeowners was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). 

These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.

 

Owning a home is a great way to build family wealth 

As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home. 

That is why, for the fourth year in a row, Gallup reported that Americans picked real estate as the best long-term investment. This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26% and then gold, savings accounts/CDs, or bonds.

 

Greater equity in your home gives you options 

If you want to find out how you can use the increased equity in your home to move to a home that better fits your current lifestyle, let’s get together to discuss the process.

 

Source.. KCM Ryan Ney Blog

 

If you are moving to the Scottsdale area, I can assist you in collecting the information you need, and make your transition as smooth as possible. Feel free to contact me for any information. I love to assist people in relocating, and I’ve helped many people move to my area!

Whether you are new to the market, thinking of moving up, or even an experienced investor, I have the expertise, the energy, the enthusiasm and the access to resources to help you achieve your goals.

From Golf Course properties, Gated Communities, Homes with pools, Horse properties and new construction, Give me a call and let’s get started 

Call Ryan now at 480–332–5659      

 

 

Oct. 4, 2017

Scottsdale - New Construction Homes / 84% of Americans Believe Buying a Home is a Good Financial Decision

Scottsdale -  New Construction Homes /  84% of Americans Believe Buying a Home is a Good Financial Decision

 

The process of buying a brand new home in Scottsdale Arizona takes place over a long period of time and in several stages. Whether you are choosing a new house in a Scottsdale neighborhood or prefer a custom home built by a home-builder, the most important step is to make a decision who you want representing you to make an intelligent choice.

You’ll need guidance to find all the options available in the area from “ALL” available home-builders. You'll need to take some time deciding on your priorities — what you want in a home? where you want to live? and how much you want to spend?

This is the reason my services consist on exploring what’s currently available among the properties that builders need to sell. I bring you the options of what is currently available from “ALL” the builders (not just one), what will be released and available soon?…what are the best builder incentives..etc. 

Whether you are new to the new construction real estate market in Scottsdale or you are just relocating to this area…I have the expertise, the energy, the enthusiasm and the access to resources to help you achieve your goals.

 

Today, I would like to talk to you about why 84% of Americans Believe Buying a Home is a Good Financial Decision

 

According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision:

 

1.- Homeownership means the money you spend on housing goes towards building equity, rather than to a landlord

2.- Homeownership creates the opportunity to pay off a mortgage and own your home by the time you retire

3.- Homeownership is an investment opportunity that builds long-term wealth and increases net worth

4.- Homeownership means a stable and predictable monthly mortgage payment

5.- Homeownership allows for various deductions on federal, state, and local income taxes

 

The survey also revealed that the majority of Americans strongly agree that homeownership helps create safe, secure, and stable environments.

 

Bottom Line 

Homeownership has always been and still is a crucial part of the American Dream.

 

Source.. KCM Ryan Ney Blog

 

I am always available to offer you personal, one-on-one help with what some say is the biggest decision you will make in your life. If you have any questions, please don’t hesitate to call or text Ryan M. Ney @ 480–332–5659

Start searching for new construction homes in Scottsdale Arizona HERE*

 

 

Aug. 23, 2017

Arizona Entry-Level Housing Inventory Jumped 10% in 4 weeks

 

 

 

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For Buyers:
We have good news for first-time homebuyers!  A 10% rise in active single family homes between $150,000 and $200,000 over the last 4 weeks.  Seasonally, expect supply to begin rising in late September, so a turn this early in the year is unusual. This price point has been decreasing nearly every week since November 2016 and is highly competitive amongst buyers and investors alike.  Listings appear to be growing the strongest in Pinal County and the West Valley, particularly noted within the freeway loop of I-17, I-10 and the 101.  This provides some slight relief for buyers, but put it in perspective.  As of 8/8/17, there were 1,361 single family homes listed for sale between $150,000 and $200,000 and there were 1,311 sold last July.  Listings under $200,000 make up 17% of inventory and 35% of sales so far this year.  The market is still very tight.
 
For Sellers:
The 10% rise in competition for the single family market between $150,000 and $200,000 equates to an extra 137 listings for buyers to view. Glendale, Peoria, Avondale and West Phoenix accounted for 60% of the increase while the City of Maricopa and San Tan Valley accounted for another 38%.  Weekly price reductions in this price range have risen 60% in the month of July and 40% of the sales over the last 4 weeks have involved seller-assisted closing costs.  Supply in this segment is still 23% below where it was last year, providing sellers a large negotiating advantage.  However, the gap between 2016 and 2017 supply has closed 8% in 4 weeks, indicating a slight softening.
 
Commentary written by Tina Tamboer, Senior Real Estate Analyst with The Cromford Report
©2017 Cromford Associates LLC and Tamboer Consulting LLC
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Be sure to call if you have any questions about this report or about how the market is performing.

Would you like to know what is happening in your neighborhood? 

Would you like to know the value of your home?

Do you need help deciding whether to sell or not or would you like to know if now is the right time to buy?

I would be very happy to get you that information.
Just click here to Email Me
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Dec. 14, 2016

Scottsdale Mortgage Rates

 Most of us favor a high degree of predictability when it comes to things like the interest rates on mortgages. In that realm, “poised” is a bad word. When anything is poised, it means it’s about to do something different: change. For those who like predictability, change is unwelcome.

But this week should provide both good and bad news when it comes to change and Scottsdale mortgage rates. For once, a change in the immediate future is pretty nearly a sure thing. Although rates are poised, they’re poised for a comfortingly predictable change.

What happens after that is a different story.

Up until very recently, the mortgage interest rates offered to Scottsdale home buyers has been an island of calm in a sea of…well, less calm, if the year’s turbulent election cycle is any example. Predictability has been in short supply—except when it comes to mortgage rates.

For a decade, Scottsdale mortgage interest rates have been tucked safely within a snooze-worthy range—right there at the bottom of the charts. No matter how often the experts predicted that a rate rise was imminent, they were proven wrong again and again. Only one time did it happen. The flat line down there at the bottom of the rate charts stayed remarkably flat.

Scottsdale Mortgage Rates

But this week, mortgage rates are poised!

The triggering mechanism for a rate boost is, as always, the Federal Reserve. When it votes to raise its Fed Funds rate, banks pay more for cash; and charge more for access to the money they lend. This isn’t a one-to-one cause and effect, but it’s generally the case. Only once in the past decade did they nudge rates even a quarter of a percent. But even in that instance, for reasons still somewhat mystifying, mortgage rates went down instead of up (before returning to the flatlands).

This week, the Fed is poised to raise rates—but this time it’s all but certain actually to happen. The certainty among analysts made comforting reading for those who relish predictability. MarketWatch headlined “Fed to hike interest rates.”  Forbes didn’t even wait, headlining on Sunday, “Week Ahead on Wall Street: Fed Hikes Rates” as if it were a done deal.

But if a Fed Funds rate hike announcement on Wednesday is knowable, what happens down the road is anything but. As USA Today put it, “The Federal Reserve is virtually certain to raise interest rates this week for the first time this year, but the course of future hikes has suddenly become cloudier.” Bloomberg said, “the pace of monetary tightening is uncertain.”

In other words, the previous certainty that future interest hikes would be slow and deliberate was suddenly in question. Future moves might be more abrupt than anyone thought...or not. For those who favor predictability, after this week, an unsettled future awaits.

One fact that doesn’t depend on what happens down the line is that Scottsdale mortgage rates remain unusually favorable. These are likely to be looked back upon as halcyon days for home buyers and the sellers whose listings showed unusually affordable monthly payment numbers. At least for now, it’s predictably a most opportune time to give me a call!

And as always, If you have any comments, questions or concerns about anything real estate related or you’d like to work with us, give us a call at (480) 332-5659 or visit us at www.RealScottsdaleHomes.com.

 

 

Dec. 7, 2016

Top 9 Showing Offenses for Scottsdale Houses for Sale

Top 9 Showing Offenses for Scottsdale Houses for Sale 

Real estate articles that are really just lists are now being called “listicles”—and there are certainly plenty of them around. The other day one appeared that just had to be read: Bankrate’s “7 things that could turn off home buyers.”

The actual listicle may not have been the product of much real research into houses for sale, but it was amusing. In the best social media tradition, I’d like to add a few thoughts in order to come up with a modified/improved “7 things” (for starters, there are 9):

Scottsdale Houses for Sale

9 Things Bound to Offend Scottsdale Homebuyers

1. Monkeys.

2. All right, that first requires an explanation. It headed up the Bankrate list, with a picture of a rhesus macaque clinging to a balcony railing. I’d have to agree that monkeys freewheeling around a Scottsdale house for sale might drive some potential buyers away. Make number 2: uncaged rabbits. 

3. Animal trophies. Better to pack them up. Dead animals can offend some non-Ernest Hemmingway fans.

4. Flags. I think an American flag is okay, but Confederate flags just get people thinking about controversy instead of the house.  

5. Sports teams memorabilia. This one is questionable, especially in a nicely understated den or TV room. Trash-talking posters, not so much.

6. Nudity. The Bankrate article was describing artwork—the point being that for some home buyers, even tasteful artwork produces a degree of shock value. Universally showable homes strive to avoid shock value.

7. Locked rooms. Bankrate called this phenomenon ‘Mystery rooms’—but the effect is always the same: curiosity that’s not helpful. If the idea is to help potential Scottsdale buyers to picture themselves as owners, a locked door works against the goal.

8. Odors (bad or exotic ones, that is). Our sense of smell is a powerful memory trigger, and if the lingering aroma of a cigar or onions predominates, it could easily make buyers associate the property with something in their past. Whether the “something” is good or bad is anyone’s guess.

9. Owners. Even if the potential buyers turn out to be exactly your kind of people, that too is a distraction from the business at hand. It’s hard enough for buyers to visit a series of properties and remember which place had which features—so it’s a relief for them not to have to go through the social niceties of meeting new people—owners included.

This should be a fairly non-controversial listicle. Once we’ve all agreed that the monkey should step out for a cola with its owners while the showing is in progress, the rest will be easy to accept. For other proven ways to speed your own Scottsdale house for sale into the ‘sold’ category, give me a call anytime! 

And as always, If you have any comments, questions or concerns about anything real estate related or you’d like to work with us, give us a call at (480)332-5659 or visit us at www.RealScottsdaleHomes.com

 

Dec. 6, 2016

For Scottsdale Real Estate, It Looks Like the End of an Epoch

If you listen to the Chairman of the Index Committee at Standard & Poors-Dow Jones, the nation’s housing market has reached an important milestone—one likely to be appreciated by real estate holders—Scottsdale homeowners and investors included. 

The gentleman in the spotlight is David Blitzer, who is the head man when it comes to the S&P Case-Shiller Index, the most widely-respected measure of housing activity.

Mr. Blitzer’s comments were aimed at the latest report, released last Tuesday. It covered three-month price averages for the quarter ending in September. They notched a 5.5% higher average residential price over the previous year. 

Now at this point, Scottsdale real estate observers might wonder what is so newsworthy about yet another appreciation in residential real estate prices? After all, (yawn)—we’ve enjoyed years of Scottsdale real estate price rises. There may have been momentary pauses and even a dip or two, but all have proved to be momentary hitches.  

So, what’s the big deal? 

A couple of things. First, according to MarketWatch, although the reported climb at the end of the quarter was at the upper end of what had been expected, it still put prices “at an all-time high.” It’s hard to argue that all-time highs aren’t significant. But as stock market chart followers know, they can also mark the point at which prices can bounce off a “ceiling.”

That brings up the remarks by Chairman Blitzer, who sees the report’s significance, not in terms of a market top having been hit, but more as a mark that may be remembered as “the start of a new advance.” Quoted in the realestateinvestingtoday website, he cast Tuesday’s report in its likely historical significance. “The new peak set by the S&P Case-Shiller National Index will be seen as marking a shift from the housing recovery.” 

In other words, we’ve probably just passed the end marker for the entire epic of the real estate housing crash. The Wall Street Journal saw it that way, observing that the prices “brought to a close the worst period for the housing market since the Great Depression.” Their accompanying illustration was a stark V-shaped line chart with the title, “Back From the Abyss.” Adding to the probability that the V is behind us was the NAR report of Pending Home Sales. They “squeaked out” a 1.8% rise over the previous year. Since the PHS is a forward-looking indicator, it bodes well for how November will eventually be reported as well.

National momentum like what we are seeing is always a positive for Scottsdale real estate activity. Especially now that mortgage interest rates are beginning to climb, for anyone who has been waiting for a positive sign or two, it certainly does look like an opportune time to give me a call. So…why not give me that call?

Ryan Ney and the My Home Group Team can work closely with you to help you find an ideal place to call home. With so many beautiful places here to choose from, your dream home is available to you here.

 

Dec. 6, 2016

Silverleaf Scottsdale AZ Real Estate

Silverleaf Scottsdale AZ Real Estate. Extremly popular Plan 3 Casita situated on a Premium lot that is walking distance to the Silverleaf Club and backs to a Preserve boasting privacy and City Light Views. Open Space flooplan with zero steps inside the home. Beautiful floor to ceiling sliding glass doors that completely Opens up to the incredible backyard for spectacular indoor/outdoor living. This home in Silverleaf Scottsdale AZ Real Estate home features a spacious Master bedroom, Guest Bedroom, Office that can easily be a 4th bedroom and the original office has been turned into a Media Room. Also featured is a Detached Guest Casita with kitchenette. The backyard is an entertainer''s delight with grass area, outside bar, built-in BBQ, fire pit, spa and sparking negative edge pool with water features. This home must be seen to be truly appreciate. Silverleaf Scottsdale AZ Real Estate.

To view Silverleaf Scottsdale AZ Real Estate Call or Text: Ryan Ney: 480-332-5659 or email at ryan@realscottsdalehomes.com

Dec. 6, 2016

Modern Silverleaf Scottsdale Home for Sale

http://9901eKemperWay.View24Hours.com

For more info and pics, Text "293124" to 79564 

Modern Silverleaf Scottsdale Home for Sale

Check out this Modern Silverleaf Scottsdale Home for Sale. This Modern Silverleaf Scottsdale Home for Sale  is practically brand new and is very lightly lived in. Located in the very desirable Arcadia neighborhood of Silverleaf and situated on a large premium lot boasting incredible mountain views! This home offers a functional open-space floorplan with brilliant Light and Bright high-end finishes throughout.  This Modern Silverleaf Scottsdale Home for Sale Exquisitely designed gourmet kitchen, elaborate downstairs master suite, Control 4, detached guest casita and beautiful hardwood flooring. The spacious backyard of this Modern Silverleaf Scottsdale Home for Sale is an entertainer's delight with very expansive artificial grass areas, incredible outdoor living space with fireplace and built-in BBQ, heated pool & spa, water feature, putting green, basketball court and dog walk. Too many upgrades to be listed and definitely must be seen to be truly appreciated.  This Modern Silverleaf Scottsdale Home for Sale is not to be missed.

To view this Modern Silverleaf Scottsdale Home for Sale  

Call/Text: Ryan Ney @ 480-332-5659 or email at ryan@realscottsdalehomes.com

 

Oct. 19, 2016

New Construction Scottsdale Custom Home

 

New Construction Scottsdale Custom Home

8030 N 74TH Place
Scottsdale, AZ 85258
New Construction Scottsdale Custom Home
Price : $2,499,000
Bedrooms : 6
Bathrooms : 7.00
Square Foot : 6,040
Lot Size : 43,854 sq.ft.
Community : Paradise Valley Farms
County : Maricopa.
Property Type : Single Family
Year Built : 2016
MLS Number : 5463985



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Property Description New Construction Scottsdale Custom Home

Looking for a New Construction Scottsdale Custom Home? Not a remodel-- 2016 new build. Check out this stylish, new custom home in the high demand PV Farms neighborhood. Designed and built for real living with open kitchen, living and dining spaces. This New Construction Scottsdale Custom Home is an entertainer''s dream with 10'' ceilings throughout, media room, gourmet kitchen with Wolff and Thermador appliances, butler''s pantry, large island, accordion doors and more. This gorgeous home also has ample room for guests or family with 6 bedrooms, 4 of which have en-suite bathrooms and all have walk-in closets. There is also an additional space off the great room to use as home office, playroom, game room or whatever in this New Construction Scottsdale Custom Home. 3 C schools: Cochise, Cocopah, Chaparral. Horse privileges, close to golf, dining, shopping and more.  Come check out this New Construction Scottsdale Custom Home today!

To view this New Construction Scottsdale Custom Home call or text: Ryan Ney (480)332-5659 or email at ryan@realscottsdalehomes.com

See Full Listing Here

MLS Search

Features List New Construction Scottsdale Custom Home
• New Construction • 6 Bedrooms • 7 Bathrooms
• Acre + Lot • 10' Ceilings • Prof. Appliances
• En-Suite Bathrooms • 3-Car Garage • Horse Privelages
• Cochise Elementary • Cocapah Middle • Chaparral High
• 85258 Zip Code
New Construction Scottsdale Custom Home
Equal Housing Opportunity.

 

 

Oct. 13, 2016

Updated Scottsdale Home with Pool

Updated Scottsdale Home with Pool

5828 E SANDRA Terrace
Scottsdale, AZ 85254
Updated Scottsdale Home with Pool
Price : $629,900
Bedrooms : 3
Bathrooms : 2.50
Square Foot : 2,494
Lot Size : 7,948 sq.ft.
County : .Maricopa.
Property Type : Single Family
Year Built : 1992
MLS Number : 5502685



click for more information and pictures
Updated Scottsdale Home with Pool? Property Description

Are looking for an Updated Scottsdale Home with Pool.  Look no further.  STUNNING REMODEL - RUSTIC MEETS REFINED. Extensively remodeled by Interior Designer. Open & split floor plan ideal for families and entertaining. This Updated Scottsdale Home with Pool features Wide plank wood look tile throughout common areas, Antique white cabinetry, upscale granite & quartz finishes on all countertops. Custom barn door into office. Designer light fixtures throughout. High-end bi-level carpet in all bedrooms. Front and back beautifully landscaped & lighted. Sparkling pebble-tech pool. Ideally located near Kierland Commons, Scottsdale Quarter & Desert Ridge Shopping Centers, Schools, Mayo Clinic & 101 Freeway.  Updated Scottsdale Home with Pool.

Come view this unit in the Updated Scottsdale Home with Pool today.

To view this Updated Scottsdale Home with Pool call or text: Ryan Ney (480)332-5659 or email at ryan@realscottsdalehomes.com

See Full Listing Here

MLS Search

Features List - Updated Scottsdale Home with Pool
• 85254 zip code • White cabinets • Upscale granite
• Quartz counters • Barn doors • Designer fixtures
• New landscaping • Sparking pool • Split floor plan
• Open floor plan • Located near shops • Large lit
Updated Scottsdale Home with Pool
Equal Housing Opportunity.