Top 10 U.S. Cities with Huge Increases in Home Buying

Top 10 U.S. Cities with Huge Increases in Home Buying

Top 10 US Cities Where Home Buying is BoomingBuying a home these days may not be as easy as it used to be due to more stringent loan qualifications, debt and higher home prices with lower inventory among other things. But believe it or not, home ownership is still alive and well. Here are the top 10 cities with huge increases in home buying according to the data team at Realtor.com®.

  1. Milwaukee, WI/ Median home price: $224,950 /Current homeownership rate: 68.7 percent
  2. Charlotte, NC/ Median home price: $327,050 / Current homeownership rate: 62.8 percent
  3. Memphis, TN / Median home price: $195,050 / Current homeownership rate: 61 percent
  4. Baltimore, MD / Median home price: $300,040 / Current homeownership rate: 68.4 percent
  5. Allentown, PA / Median home price: $225,050/ Current homeownership rate: 74.8 percent
  6. Pittsburgh / Median home price: $174,950 /Current homeownership rate: 74 percent
  7. Albuquerque, NM / Median home price: $239,950 /Current homeownership rate: 66 percent
  8. Nashville, TN / Median home price: $359,050 / Current homeownership rate: 68.8 percent
  9. Dallas, TX / Median home price: $339,950 /Current homeownership rate: 60.7 percent
  10. Syracuse, NY / Median home price: $149,950 /Current homeownership rate: 66.5 percent

“Affordability is a strong draw to these areas,” says Danielle Hale, chief economist at realtor.com®. “A lot of these cities are on the outskirts of big cities where folks can snag an abode for less and then commute downtown for work, she adds.” Ownership is shooting up the most in Rust Belt cities undergoing resurgence; in smaller cities close to much bigger and pricier metros, where commuters can snag a home for less; and in fast-growing Southern hubs that are continuing to experience booming job markets.

Disappointed that Phoenix didn’t make the top 10 cities with huge increases in home buying list? Don’t despair! Contact The Voss Team today if you’re ready to buy a home in Phoenix or sell your Phoenix home. We have 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

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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

thevossteam.com

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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

thevossteam.com

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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

thevossteam.com

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