What’s going to happen with interest rates in the near future?

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What’s going to happen with mortgage interest rates this year? To answer today’s question, I think it’s important to look at what has happened in the past. Over the last year or so, we’ve seen interest rates plummet due to the pandemic, and mortgage rates dropped significantly when the Federal Reserve was pumping tons of money into mortgage-backed securities.
"The days of getting a 2% interest rate are over."

More recently, the Fed has slowly been removing the amount they’re putting into buying those securities, which caused interest rates to climb. In addition to that, we’re also noticing a lot of volatility in the stock market; people are pulling money out of stocks and buying bonds.
The trajectory of interest rates has been going up significantly as far as mortgages are concerned. ...

Here’s what you should know about the 2022 real estate market in Phoenix.

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What can you expect from the Phoenix real estate market in 2022? Before we get to that, let’s quickly recap the 2021 market.

Last year’s market was defined by low inventory, strong demand, low-interest rates, and a strong economy to create a very hot seller’s market. It was a frenzied situation where multiple offers were common, and prices soared at astronomical rates.

So far in 2022, we have even lower inventory than we had last year. It’s down by 5%. In Gilbert, there are about 150 homes for sale out of over 80,000 single-family homes. Two out of every thousand homes are for sale in Gilbert.
"The economy remains strong so far in 2022."

Demand is just about as strong as it was last year as well. That’s good news for home prices. Although interest rates are up from last yea. ...

Here are a few tips to help save on your year-end real estate taxes. 

Today we have some year-end real estate tax tips to share with you. We’re coming up to the end of the year, so these tips should help save you some money. Don’t worry; we’ll keep it simple and stay out of the technical details.
In the next few weeks, you should get your end-of-year mortgage statement, which shows how much interest you’ve paid. If you’re itemizing your taxes, give this to your accountant, and they should be able to get you some benefits.
Since COVID hit, many people are working from home. If you have a dedicated home office or workspace, there may be a tax deduction that you can take. You should reach out to your tax professional if this applies to you.
If you’ve bought or sold real estate this year, start looking for those closing statements. Your accountant will request those documents to make sure you’ve itemized all the expenses that can be wr ...

Here’s a few tips for how you can sell your home during the holidays.

How do you sell a home during the holidays? Today we want to talk about what it takes to get your home sold this time of year. First, it’s important to remember that there are still buyers during the holiday season. Just because there are fewer buyers doesn’t mean there are none. We want to make sure that we can attract those buyers to your home.
To attract buyers, your home has to be attractive, and holiday decorations are one of the ways we can do that. Setting up Christmas lights and holiday decorations can help draw people’s eyes.
Seller’s often price their home too aggressively during the holidays. When there are fewer buyers and your home is overpriced, it can sit for a long time and go stale. You want to price your home appropriately and attract buyers who want to move as soon as possible. 
If you want a free evaluation on how to sell your home this holiday season, fe ...

Since rent prices have gone crazy, should you invest in real estate now?



Today we’ll discuss what is happening with rental prices. Many people are considering whether to rent or buy a home, and many investors are wondering if they should invest in real estate right now.
Rental prices have increased by 26% over the last two years. Conversely, rental prices in the MLS had only increased 28% percent over the last 19 years before that. In just two years, rental prices have increased at a rate that previously took 19 years. That's a lot higher than the current inflation rate.
What's interesting is that at the peak of the real estate bubble, rents were actually declining and then stayed flat for several years after. Low fixed interest rates are a huge benefit to buying now. The monthly mortgage payment will stay the same, whereas you can expect your rent to increase every year. Investors are also enjoying having fixed low mortgage payments as their tenants’ rents incre. ...