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April 2018 RE/MAX National Housing Report

April 2018 RE/MAX National Housing Report

april 2018 national housing reportAccording to the April 2018 RE/MAX National Housing Report, home prices continued to climb year-over-year for the twenty-fourth consecutive month in March, while home sales continued to decline for a fourth consecutive month, making it a seller’s market in most regions of the country.

When the Months Supply of Inventory falls below six months, it’s a seller’s market, and all fifty-four metro areas surveyed for the monthly housing reported under six months of inventory. Of the fifty-four metro areas surveyed in March 2018, the overall average number of home sales increased +36.6 percent compared to February 2018 and decreased -5.3 percent compared to March 2017. In March 2018, the median of all fifty-four metro Median Sales Prices was $236,000, up +3.2 percent from February 2018 and up +4.9 percent from March 2017.

“Homebuyers shouldn’t be discouraged by the record-breaking numbers — even with higher prices and closed transactions, this March marks the second-highest in sales in the history of the RE/MAX National Housing Report,” said RE/MAX CEO Adam Contos. “It’s more important than ever to work with an experienced RE/MAX agent who is invested and involved in their community. They are dialed into the nuances of a neighborhood, making your home search or sale easier and quicker. We also look at the Days on Market as another indicator of tight inventory and the national average stands at 60 days. That’s four days less than a year ago and another March record-breaker.”

The average Days on Market for homes sold in March 2018 was sixty, down two days from the average in February 2018, and down four days from the March 2017 average. Days on Market is the number of days between when a home is first listed in an MLS and a sales contract is signed.

Want to know more about the current real estate market trends? Click here  to download your copy of the April 2018 RE/MAX National Housing Report. If you are looking to sell your Phoenix home or are ready to buy a home in Phoenix this spring, please contact The Voss Team today.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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5 Handy Home Maintenance Hacks for Spring

5 Handy Home Maintenance Hacks for Spring

5 Handy Home Maintenance Hacks for SpringHome maintenance is an essential part of the homeowner experience. Just like regular oil changes for your car to keep it running smoothly, keeping up with regular home maintenance tasks will keep you from future headaches and wasted money. Spring is a big month for home maintenance and it’s no wonder why. Spring is known worldwide as a season of growth, renewal and cleaning. If you’re planning on doing a little spring cleaning, don’t forget to add these 5 handy home maintenance hacks for spring to your list.

1.) Work on Windows: Spring has sprung and with it comes new plants and sometimes new bugs. Repair and replace damaged window screens to help keep bugs and pollen out of your home.

2.) Help your HVAC: Everyone knows Arizona summers are some of the hottest in the country and arrive without warning. Now’s the perfect time to get your air conditioning system ready for summer by having it serviced by a professional. Doing this now will save money and headaches down the road.

3.) Direct Your Drainage: You should not have standing puddles around your home for more than twenty four hours. If you do, be sure to check the exterior drainage for bad spouts or a loose connection if you have gutters. You can also hire someone to grade the area around your home so water drains away from it if you’re unable to do it yourself.

4.) Inspect the Exterior: Take a close look all around your house, and make any repairs as needed if you see holes in the stucco, cracks in the foundation or chips in the paint. Don’t forget to inspect your roof for damage and leaks.

5.) Remove Dead Plants: Winter may have killed off some brush and plants around your home so now are a great time to clear them away. Doing so makes your home look neater and more welcoming.

Looking to sell your home or buy a home in Phoenix? The Voss Team has the reputation, experience and local knowledge you need to find the right home, or successfully sell your home for top-dollar. Please feel free to browse our website or contact us today and let us guide you every step of the way!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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PRICE REDUCED! Fabulous Four Bedroom Home for Sale in Moon Valley

PRICE REDUCED! Fabulous Four Bedroom Home for Sale in Moon Valley

PRICE REDUCED on Fabulous Four Bedroom Home For Sale in Moon ValleyIf you lived here you’d be home now! This fabulous four bedroom home for sale in the Moon Valley Country Estates 2 Community is a keeper. With over 2500 square feet of space and 2.75 bathrooms, this home features a stately fireplace in the family room and an additional closeted room that could be used for a den, library, craft room or additional storage.

The spacious open kitchen boasts stainless steel appliances, granite counter tops, and glass inlaid cabinetry. The home is tastefully painted, has wood floors with decorative inlays and French doors that open out to the backyard. In addition to having room to roam, the private backyard has mature vegetation and shade trees, mountain views, a Pebble Tec diving pool and a built-in outdoor bar-b-que area. The park-like yard is fabulous all year round. Best of all there’s no HOA and the price has recently been reduced. You have to see this gem to believe it!

Please contact The Voss Team today to schedule a private tour to view 636 East CANTERBURY Ln, Phoenix, AZ 85022. And if you are looking to sell your Phoenix home, please contact us for a free market valuation of your current property.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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8 Interesting Facts About Easter You Probably Didn’t Know

8 Interesting Facts About Easter You Probably Didn’t Know

Happy Easter Wide Desktop Background
Happy Easter Wide Desktop Background

No matter how old you are or where you are in the world, Easter is a fun family tradition that never gets old. But how much do you really know about this fun holiday? Here are 8 interesting facts about Easter you probably didn’t know.

1.) The tallest Easter egg chocolate was made in Italy in 2011. It stood at thirty four feet and weighed an astounding 15,873 pounds!

2.) The art of painting eggs is called pysanka, which originated in Ukraine. It involves using wax and dyes to color the egg.

3.) The term Easter gets its name from Eastre, the Anglo-Saxon goddess who symbolizes the hare and the egg.

4.) The exchange or giving of Easter eggs actually dates back to before Easter and the giving of eggs is actually considered a symbol of rebirth in many cultures.

5.) The Easter egg is said to symbolize and represent joy, celebration and new life.

6.) Americans buy more than 700 million marshmallow Peeps during Easter? This makes Peeps the most popular non-chocolate Easter candy.

7.) Americans consume more than 16 million jelly beans during this holiday. That is enough jelly beans to circle the globe three times.

8.) The White House of tradition of the Easter Egg Roll started back in 1878, with President Rutherford B. Hayes!

How many of these are 8 interesting facts about Easter you probably didn’t know did you actually know? Share in the comments below! The Voss Team wishes you and yours a safe and Happy Easter!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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March 2018 RE/MAX National Housing Report

March 2018 RE/MAX National Housing Report

March 2018 REMAX National Housing ReportOne word sums up February home sales across the country – inventory. The lack of homes for sale continues to be the key factor as February marks the third consecutive month of year-over-year declines in home sales, coupled with quick sales and record prices.

According to the March RE/MAX National Housing Report, home sales dropped 0.2 percent from February 2017, while the Days on Market average of sixty-two days was the lowest of any February in the report’s nine-year history.

“We shared our outlook of the real estate market in the new year and it seems that even two months into 2018 we’re already seeing records break,” said RE/MAX CEO Adam Contos. “The February 2018 median sales price of $228,700 marks the 22nd consecutive month of year-over-year price increases.”

The Months Supply of Inventory was 3.1 – also a RE/MAX National Housing Report February record – and underscored an average decline in inventory of 13.7 percent among the fifty-two markets reporting.

“While the hot markets like Denver and San Francisco continue to see low supplies of inventory, we’re also watching more homebuyers migrate into unexpected markets,” added Contos. “In one year, Billings, Montana, saw a 59 percent increase in home sales, along with Boise, Idaho, with a 25 percent increase in sales.”

To access the March National Housing Report infographic, visit: https://rem.ax/2phKHWT.Looking to sell your Phoenix home or buy a home in Phoenix? Contact The Voss Team today and receive a complimentary analysis of your home’s approximate present value on the market today. Your complete satisfaction with our service and representation is always our number one priority!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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3 Fresh Kitchen Trends for Spring

3 Fresh Kitchen Trends for Spring

3 Fresh Kitchen Trends for SpringSpring is just around the corner and with it usually comes an urge to refresh the home. Because the kitchen is where most of us spend the most time, it’s only natural that room would be the first place we’d like to update. There’s a reason the kitchen is the heart of the home, and when you see these 3 fresh kitchen trends for spring, you’ll see why!

1.) Open Up: Cupboards are now becoming art statements, as kitchen trends are moving towards open shelving. Now, instead of hiding dishes, glasses, and accessories behind closed cabinetry, designers and homeowners are opting to show off that good china. There’s definitely a rise in manufactures implementing open shelving in their kitchen designs.

2.) Hello Earth: Long gone are the stark white kitchens of yesteryear. This year, we’re seeing an ushering of more natural tones and materials in kitchens. If it comes from the earth, it’s finding its way into kitchens. From walls to counter tops, designers and homeowners are infusing looks that have a more textured, natural feel such as real brick wall veneers and authentic soaring wood beams. This also invites the look of natural wood and stone counter tops and warmer copper accessories in lieu of stainless steel.

3.) Get Out: Since kitchens are trending for more open and natural themes, it’s no surprise that there’d be a rise in creating outdoor kitchens as well. Why not take the party outside? Sure, our hot Phoenix summers can limit the appeal of enjoying an outdoor kitchen, but employing a good fan and mister system with the addition of an ice cold mini bar can allow even the most heat sensitive guests a break. These days, nothing complements a nice patio set or grill more than an outside kitchen to gather family and friends around. Got a pool? An outdoor kitchen with versatile easy to clean finishes is an added bonus.

Which of these 3 fresh kitchen trends for spring would you like to try? If you’re looking for some additional ideas on refreshing your home or if you’re ready to sell or buy a home in the greater Phoenix area, please contact The Voss Team today.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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Top 5 Hacks to Boost Your Credit Score for Home Buying

Top 5 Hacks to Boost Your Credit Score for Home Buying

Top 5 Hacks to Boost Your Credit Score for Home BuyingReady to buy a home this year but know your credit score needs work? You’re not alone. The average credit score in the U.S. is 695 according to the AAA Credit Guide, which is considered to be fair on a scale of 300 to 850. Because your credit score affects everything from qualifying for a car loan to, in some cases, qualifying you for employment, it makes since that having the best score will help you obtain your real estate goals. Here are the top 5 hacks to boost your credit score for home buying.  

  1. If you have any collections or judgments against you, pay them off as quickly as possible.
  2. Pay all your bills on time by utilizing payment reminders or automatic bill pay options.
  3. Don’t close your credit card accounts because then you’ll be using a higher percentage of your overall credit limit.
  4. Try to reduce your credit card debt to twenty-five percent or less of your credit line on each card.
  5. Pull your credit report at least once a year to review any discrepancies

The sooner you begin implementing these top 5 hacks to boost your credit score for home buying, the easier it will be when it’s time qualify for a home loan. If you’re ready to buy a Phoenix home, please contact The Voss Team today to assist you with your home buying needs.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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Speed of Winter Home Sales Felt More Like Spring Selling Season

Speed of  Winter Home Sales Felt More Like Spring Selling Season

Speed of January Sales Felt More Like Spring Selling SeasonDespite home sales being down 2.8 percent year-over-year, the February RE/MAX National Housing Report shows homes sold in a mere sixty days last month, marking the fewest Days on Market of any January in the nine-year history of the report. The record speed of January home sales may signal that buyers aren’t waiting around for the typical spring selling season to begin.

Days on Market typically decline each month leading into the heart of the spring and summer buying season in July and start increasing monthly as fall progresses into winter. The number of homes for sale in January 2018 was down 4.8 percent from December 2017, and down 14.8 percent from January 2017. Based on the rate of home sales in December, the Months Supply of Inventory decreased to 3.4 from December 2017 at 3.7, as well as decreased compared to January 2017 at 3.8.

A 6.0-months supply indicates a market balanced equally between buyers and sellers. In January 2018, 49 of the 53 metro areas surveyed reported a months supply at or less than 6.0, which is typically considered a seller’s market. The Median Sales Price of $224,000 also set a January record — up 6.7 percent year-over-year. Out of fifty-three markets, fifty-one posted gains, marking January as the 22nd consecutive month of year-over-year price increases dating back to April 2016.

“We recently saw the groundhog predict six more weeks of winter, but January housing numbers are telling a different story,” said RE/MAX CEO Adam Contos. “It looks like the spring selling season may have arrived early because home buyers are not slowing down. The speed of this market is on pace with what we saw in the prime of the 2017 selling season.”

Want to know more about real estate market trends? Click here to download a copy of the February 2018 RE/MAX National Housing Report. If you are looking to sell your Phoenix home or are ready to buy a Phoenix home, please contact The Voss Team today. The Voss Team has the reputation, experience and local knowledge you need to find the right property, or successfully sell a property for top-dollar. Please feel free to browse our website or let us guide you every step of the way, by calling or e-mailing to set up an appointment today!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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3 Ways to Protect Yourself from Real Estate Scams

3 Ways to Protect Yourself from Real Estate Scams

3 Ways to Protect Yourself from Real Estate ScamsEvery year, homebuyers across the country are being targeted in custom-tailored email scams aimed at stealing down payments and closing costs money. Martin Hellmer, FBI supervisory special agent in Phoenix, said 256 victims in the metro area lost $41 million in 2017. That’s why it’s essential to educate yourself on potential frauds and red flags before purchasing or renting a home. Here are 3 ways to protect yourself from real estate scams.

1.) Play Detective: Asking questions is one of the best ways to expose possible scammers as they can often seem nervous or unsure of their answers. Also, never be afraid to ask for I.D. from a real estate agent. Check out the Better Business Bureau and research the agent online to verify that they are licensed to practice real estate in the state of Arizona. And while you’re investigating, be sure to visit their reviews, testimonies, and references to further verify they’re legit.

2.) Keep Tabs on Your Cash: Scammers are successful at disappearing with a victim’s money, because they usually request payment in an untraceable way. When doing a real estate transaction, avoid using cash or wiring money as those are the two most difficult ways to trace your money. Insisting on writing checks or some other type of traceable payment form is often enough to scare off potential scam artists and sends the message that you are an informed buyer.

3.) Double Check Your Contracts: Resourceful con artists can draft up an official looking real estate contract or rental agreement in a snap. Some red flags to keep an eye out for on fraudulent real estate agreements include misspellings, grammatical errors, non-legal jargon, and missing information. Don’t feel pressured or rushed into signing anything you don’t understand or are unsure of. Listen to your intuition and have a qualified real estate attorney look over any contracts or documents.

When all else fails remember the old adage, “If it’s too good to be true, it probably is.” It might seem time consuming or even paranoid to do your homework, but it’s worth the extra time if it could protect you from a real estate scam. When you’re ready to buy a home in the greater Phoenix area, you can rest assured that a licensed and ethical RE/MAX REALTOR® at The Voss Team will help you achieve your real estate goals.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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5 Things to Know About Mortgage Deductions in 2018

5 Things to Know About Mortgage Deductions in 2018

5 Things to Know About Mortgage Deductions in 2018With the passing of the Tax Cut and Jobs Act, a lot is about to change financially for citizens in the United States. One of the ways this change will affect citizens greatly is how it will reflect financially for homeowners. Although this tax cut is for 2018 (meaning citizens won’t see changes until February of 2019), there will still be a dramatic change for U.S. homeownership. Here are 5 Things to Know About Mortgage Deductions in 2018.

1.) All buyers will no longer have personal exemptions, but there is an increase in standard deductions.

2.) The new deductible property amount is at $10,000, and there could also be scaling back of the mortgage interest deduction. Previously homeowners could deduct interest up to $1 million, but that has been lowered to $750,000.

3.) If you’re planning on buying a second home, please be aware there are new deduction limits. After the $750,000 mortgage cap, the interest on your mortgage will no longer be deductible. However, this does not mean your entire mortgage is no longer deductible—just the difference. For example, if you are above your mortgage cap by $100,000, that amount will not be deductible.

4.) Deduction done for most homeowners can refinance mortgage debts that existed on Dec. 14, 2017, up $1 million and deduct the interest, as long as the new loan doesn’t exceed the original mortgage.

5.) The new bill repealed the deduction on home equity debt interest through Dec. 31, 2025. Interest, however, is still deductible if the home equity loan is used to substantially improve the home.

If you want to know more about making the most of your mortgage deductions in 2018, we recommend contacting a certified tax professional. If you’re ready to sell your Phoenix home or buy a home in Phoenix in 2018, please contact The Voss Team today.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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