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June 2018 RE/MAX National Housing Report

June 2018 RE/MAX National Housing Report

We’re already halfway through 2018 and the housing prices are at record highs, while inventory is at record lows and home sales are trailing 2017’s pace, according to the RE/MAX National Housing Report. June sales were 5.5 percent lower than June 2017 in the fifty-four metro areas surveyed, marking the seventh consecutive month of year-over-year declines.

Headed in the opposite direction, the June Median Sales Price of $258,500 was an all-time high in the nine-year history of the report. It was 5.1 percent higher than the $245,000 recorded last June, bringing the consecutive months of year-over-year price increases to 27. In each of the previous five years – going back to June 2013’s $193,750 – June has posted the highest Median Sales Price of the year.

“Year-over-year prices have been climbing for more than two years now, which is great news for homeowners and sellers,” said RE/MAX CEO Adam Contos. “In the hottest markets, demand is especially high because there simply aren’t that many homes for sale. The slower sales figures we’re seeing are tied to inventory more than anything else.”

Forty-two of the fifty-four metro areas reported a year-over-year drop in inventory. That years-long trend is reflected in Months Supply of Inventory dropping to 2.7 – down 8.8 percent year-over-year and the smallest figure ever recorded for June. Fewer houses for sale generally results in a faster process: Homes sold in June averaged just forty-two Days on Market – five days less than June 2017 and three days under the previous nine-year low of forty-five days.

“Lack of inventory has become a theme for the year,” Contos said. “Having fewer homes to choose from poses a challenge for buyers, who need to be ready to act decisively and quickly. Working with a full-time, professional RE/MAX agent can prepare them for that.”

To access the housing report infographic, visit: https://rem.ax/2phKHWT or click here to download your copy of the June 2018 RE/MAX National Housing Report. If you are in the market to sell your Phoenix home or thinking about buying a house in Phoenix, 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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My Home Sold in FIVE Days!

My Home Sold in FIVE Days!

Every thirty seconds a RE/MAX agent helps someone find their perfect place. True to the claim, The Voss Team has been proudly serving the Valley since 2001. We are passionate about helping our buyers find that “perfect” property or special investment opportunity. In addition, we are proud to offer state of the art marketing methods to assure our sellers achieve the highest price for their property by gaining the maximum market exposure.

While we place a strong emphasis in the north, central, west and northwest Phoenix valley market areas, we have considerable experience in the east valley communities of Scottsdale, Mesa, Chandler and Gilbert. The Voss Team proudly maintains and continually strives to provide the best real estate experience for our clients. Here’s what one of our valued clients recently shared:

“Roberta is a stellar, top-quality, knowledgeable professional! She knows exactly how to professionally market your home! My home sold in FIVE days! She had excellent information about negotiations back and forth and the experience was quick, fun and with online options – it was WAY EASY! Loved the experience with Roberta! She’s a 10-star agent! Highly recommend her for ANY of your needs – she is well-connected and can help in a myriad of ways.” – Betsy G.

Whether you’re ready to quickly sell your Phoenix home or buy a home in Phoenix or the surrounding areas, the Voss Team is here to guide you through every step of the process. Contact us today for a knowledgeable and unforgettable real estate experience!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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Top 3 Refinancing Hacks to Lower Your Payments

Top 3 Refinancing Hacks to Lower Your Payments

The average conventional 30-year fixed rate mortgage is currently 4.695 percent, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). The 15-year was clocked at 4.371  percent, and the 5-year mortgage is currently 4.791 percent. If you’re thinking about refinancing your home, here are the top 3 refinancing hacks to lower your payments.

  1. Calculate your savings: Before you refinance your home, you have to determine whether or not it will save you money. It’s best to calculate whether a new home loan will save you money based on the time left to pay off your old loan and whether or not you’ll have lower more manageable monthly payments.
  2. Be prepared: Refinancing your mortgage requires a lot of paperwork. Gather your essential documents such as proof of income, tax returns, bank statements and more and keep them all organized together or scanned in a safe online folder. Missing documents will only slow down the refinancing process so the more organized you are, the better.
  3. Perfect your credit: Your credit score plays a huge part in determining what rate you get on your new loan. Before you even apply for refinancing, get a free copy of your credit report and confirm there are no errors that could prevent you from getting the lowest rate possible. Any discrepancies should be addressed as soon as possible before applying and be sure they’ve been cleared up before moving forward.

Have questions about refinancing your home or looking to sell your Phoenix home? Call the Voss Team today for a complimentary assessment of your home’s current value. Our expectation is to make the real estate experience the best it can be for you!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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10 States with the Highest Cost of Living

10 States with the Highest Cost of Living

We all know that housing prices and the cost of living varies from state to state. Factors such as food, transportation, and energy costs can make the difference between paying a $300 A/C bill in Arizona and a $150 A/C bill in Rhode Island. Each year, the Bureau of Economic Analysis publishes data on “regional price parity,” which measures how much a certain amount of money can purchase in different places. A high price parity number means goods and services cost more for residents, and a price parity of above 100 means locals pay more for things than the national average. Here are the 10 states with the highest cost of living in descending order, according to their most recent analysis.

10.) New Hampshire

Regional Price Parity score: 105,

Median Household Income: $70,303

Actual Value of Salary: $66,955

Residents can expect to pay almost 5 percent more than the national average cost of living.

9.) Alaska

Regional price parity score: 105.6

Median household Income: $73,335

Actual Value of Salary: $69,465

Residents can expect to pay almost 6 percent more than the national average cost of living.

8.) Massachusetts

Regional Price Parity Score: 106.9

Median household income: $70,628

Actual Value of Salary: $66,069

Residents can expect to pay almost 7 percent more than the national average cost of living.

7.) Connecticut

Regional Price Parity Score: 108.7

Median household income: $71,346

Actual Value of Salary: $65,636

Residents can expect to pay almost 8.7  percent more than the national average cost of living.

6.) Maryland

Regional Price Parity Score: 109.6

Median household income: $75,847

Actual Value of Salary: $69,203

Residents can expect to pay almost 10 percent more than the national average cost of living.

5.) New Jersey

Regional Price Parity Score: 113.4

Median household income: $72,222

Actual Value of Salary: $63,688

Residents can expect to pay almost 13.4 percent more than the national average cost of living.

4.) California

Regional Price Parity Score: 113.4

Median household income: $64,500

Actual Value of Salary: $56,878

Residents can expect to pay almost 14 percent more than the national average cost of living.

3.) New York

Regional Price Parity Score: 115.3

Median household income: $60,850

Actual Value of Salary: $52,775

Residents can expect to pay almost 15 percent more than the national average cost of living.

2.) Washington D.C.

Regional Price Parity Score: 117

Median household income: $75,628

Actual Value of Salary: $64,639

Residents can expect to pay almost 17 percent more than the national average cost of living.

1.) Hawaii

Regional Price Parity Score: 118.8

Median household income: $73,486

Actual Value of Salary: $61,857

Residents can expect to pay almost 19 percent more than the national average cost of living.

Did your state or hometown make the list for 10 States with the Highest Cost of Living? Where do you think your state stacks up? If you’re looking for affordable living costs and want to sell or buy a home in Phoenix, 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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4 Fourth of July Safety Tips

4 Fourth of July Safety Tips

Summer, swimming and 4th of July BBQ’s go hand and hand here in Phoenix. So whether you’re planning on traveling for Independence Day next Wednesday, or enjoying various outdoor activities like boating, camping or picnics, safety is the most important factor to remember during this fantastic holiday. Remember these 4 Fourth of July safety tips before you celebrate!

1.) BBQ’s: The 4th of July is one of the top holidays for outdoor BBQ’s and cookouts. In regards to fire safety, never use gasoline to start BBQ grills. For food safety, bring separate plates and cutting boards for raw and cooked foods so that juices from raw meat don’t contaminate meat that’s ready to be eaten. Also bring cleaning items with you to keep hands, utensils and surfaces clean.

2.) Camping: If you are camping, be sure to check the regulations on fires. Many areas may be closed to all fires (including charcoal grills) due to extreme dry conditions. If campfires are allowed never leave a fire unattended, and always be sure it is dead out when you leave.

3.) Fireworks: Nearly 10,000 Americans are injured by fireworks each year, according to the United States Fire Administration. New firework regulations that took effect last year in Arizona are intended to monitor when, where and what fireworks can be used in Maricopa and Pima counties. Arizona legal fireworks include: Snappers, devices with cylindrical and cone foundations, illuminating torches, ground spinners, sparkling wheels, snap caps, glow worms, snakes, party poppers, toy smoke devices and sparklers are all allowed. Not sure if the fireworks you have are legal? Click here to find out. If you plan to enjoy legal fireworks this 4th of July, always have a bucket or water or a fire extinguisher nearby.

4.) Travel: July 4th is statistically the most dangerous holiday to be driving on the road. According to The Advertiser, 410 people were killed nationally in motor vehicle crashes during the Fourth of July weekend in 2009 and forty percent of those deaths were related to alcohol-impaired and/or sleep deprived drivers. Please remember to not drive intoxicated, get plenty of sleep before driving, and always wear your seatbelt.

Regardless of how you choose to enjoy your holiday, The Voss Team wishes you a safe and Happy 4th of July!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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May 2018 RE/MAX National Housing Report

May 2018 RE/MAX National Housing Report

Homes sold faster in May than at virtually any other time in the past decade, according to the latest RE/MAX National Housing Report. Low inventory and high demand in May cut Days on Market to 46, the second-lowest monthly number in the nearly 10-year history of the report.

May home sales topped April sales by 14.5 percent, and were down by 2.8 percent from May 2017. The median sales price of $251,673 was up 7.8%. To access the housing report infographic, visit: https://rem.ax/2phKHWT.  By comparison, homes averaged five more days on the market (51) in May 2017, 12 more days (58) in May 2016 and 18 more days (64) in 2015.

“Even with low inventory and the Federal Reserve raising interest rates, homes are going from ‘for sale’ to sold 28 percent faster than three years ago,” said RE/MAX CEO Adam Contos. “Be prepared — that’s my message to potential homebuyers in this summer selling season,” added Contos. “Make sure you are pre-approved with a lender, try to make a clean offer with no contingencies and, if possible, consider offering favorable concessions to the seller such as a flexible closing date. Pairing today’s real estate technology with the guidance of a professional RE/MAX agent, can help you find the right home.”

With eleven metro areas increasing the median sales price year-over-year by double digits, May is still a seller’s market, and homebuyers should expect to compete with other buyers when they are ready to make an offer on a home. The average Days on Market for homes sold in May 2018 was 46, down six days from the average in April 2018, and down five days from the May 2017 average. The number of homes for sale in May 2018 was up 4 percent from April 2018, and down 9.5 percent from May 2017.

Based on the rate of home sales in May, the Months Supply of Inventory remained unchanged from April 2018 at 2.5, and slightly decreased compared to 2.6 in May 2017. A 6.0-months supply indicates a market balanced equally between buyers and sellers. In May 2018, all 54 metro areas surveyed reported a months supply at or less than 6.0, which is typically considered a seller’s market.

Want to know more about the current real estate market? Click here to download your copy of the May2018 RE/MAX National Housing Report. If you are ready to sell your Phoenix home or thinking about buying a Phoenix home, 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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The Utmost Integrity and Thoughtful Resourcefulness

The Utmost Integrity and Thoughtful Resourcefulness

Every thirty seconds a RE/MAX agent helps someone find their perfect place. True to the claim, The Voss Team has been proudly serving the Valley since 2001. The Voss Team is passionate about helping our buyers find that “perfect” property or special investment opportunity. In addition, we are proud to offer state of the art marketing methods to assure our sellers achieve the highest price for their property by gaining the maximum market exposure.

While we place a strong emphasis in the north, central, west and northwest Phoenix valley market areas, we have considerable experience in the east valley communities of Scottsdale, Mesa, Chandler and Gilbert. The Voss Team proudly maintains and continually strives to provide the best real estate experience for our clients. Here’s what one of our valued clients recently shared:

“Roberta Voss is one of the most stellar human beings on this Earth. She has the utmost integrity, thoughtful resourcefulness and a strong, passionate drive above anyone I’ve ever known. she is straightforward and diligent in all her endeavors and has a bright magnetic personality that engages those around her for good. I highly recommend her always and in all ways.” – Besty M.G.

Whether you’re ready to sell your Phoenix home or buy a home in Phoenix or the surrounding areas, the Voss Team is here to guide you through every step of the process. Contact us today for a knowledgeable and unforgettable real estate experience!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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Spring 2018 RE/MAX National Housing Report Reflects Home Sales Increase

Spring 2018 RE/MAX National Housing Report Reflects Home Sales Increase  

REMAX National Housing ReportHome sales increased 2.3 percent year-over-year in April 2018 in the face of record low inventory and the second-highest median sales price in the nine-year history of the RE/MAX National Housing Report. The $243,000 Median Sales Price was a record for April and was second only in report history to $245,000 in June 2017. In each of the last five years, June has produced the year’s highest Median Sales Price, with July or August posting the second-highest monthly price each year.

Thirty-eight of the fifty-three markets in the report posted more sales than in April 2017, while the 2.5 months supply of inventory tied March as the lowest ever, in the history of the report. The average Days on Market in April was fifty-two — that’s five days less than April 2017 and a RE/MAX National Housing Report record for the month.

“If 2018 is like recent years, we’re only two months away from home prices peaking — we’re already seeing some impressive prices moving up in markets throughout the U.S.,” said RE/MAX CEO Adam Contos. “As we head into summer, we’ll watch several housing markers like home starts, mortgage applications and sales price to gauge the effect they’ll have on inventory across the country — the good news is that the rate of sales helps accommodate a shrinking inventory and buyers can still find opportunities.”

In April 2018, the median of all 53 metro Median Sales Prices was $243,000, up 3.0 percent from March 2018 and up 7.5 percent from April 2017. The average Days on Market for homes sold in April 2018 was 52, down eight days from the average in March 2018, and down five days from the April 2017 average. The number of homes for sale in April 2018 was up 3.4 percent from March 2018, and down 11.3 percent from April 2017.

Based on the rate of home sales in April, the Months Supply of Inventory remained at 2.5 from March 2018, and decreased compared to April 2017 at 2.8. A 6.0-months supply historically indicates a market that’s balanced equally between buyers and sellers. In April 2018, all 53 metro areas surveyed reported a months supply at or less than 6.0, which is typically considered a seller’s market. Please click here to download a copy of the most recent RE/MAX National Housing Report or visit https://rem.ax/2phKHWT  to access the housing report infographic.

Looking to sell your house in Phoenix 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!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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Please Watch Your Children Around Water

Please Watch Your Children Around Water

Please Watch Your Children Around WaterOn average, nearly ninety people die from drowning in Arizona each year with the majority of those deaths happening between April and August. Children make up twenty percent of the number of total drowning deaths in Arizona according to the Arizona Department of Health Services.  Too often, firefighters hear people say, “it was just a few seconds.” Unfortunately, just a few seconds is all it takes for a child to drown. Thankfully drowning and near drowning accidents can be prevented, and you can help! Anyone involved with the supervision of children needs to be aware of the dangers associated with any body of water. Below are some useful tips to prevent these needless tragedies:

  • Use an approved barrier to separate the pool from the house
  • Never allow children to be alone near a pool or any water source
  • Have life-saving devices near the pool, such as a pole/hook, or flotation device
  • Keep large objects such as tables, chairs, toys, and ladders away from pool fences
  • Do not allow children to play around the pool and store all toys outside the pool area
  • If you leave the pool area, take the children with you
  • Always have a “designated child watcher”

For more drowning prevention tips, please visit the Drowning Prevention Coalition of Arizona website at preventdrownings.org. And as always, please watch your children around water. Have a safe and happy summer!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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Top 5 Gifts for Your Mom and Her Home

Top 5 Gifts for Your Mom and Her Home

Top 5 Gifts for Your Mom and Her HomeMother’s Day is this Sunday, May 13th and if you’re looking to give the best Mother’s Day gift ever, why not surprise her by making some easy home repairs around the house that she’ll love?  Whether you’re crafty, handy, or just know someone who is, here are the top 5 gifts for your mom and her home.

1.) Instead of flowers: Plant her a garden. Not only can she have the beauty of an assortment of flowers, but she’ll have something that will last a lot longer than a vase of flowers. Potted plants in a decorative pot will do, or you can really blow her mind and line her walkway with bright, beautiful buds she’ll love.

2.) Instead of mailing a card: Fix her mailbox. If your mom has been in her house for a while and has a rusty old mailbox with her house numbers rubbing off, why not replace her mailbox with a nice new one? Go traditional and clean or if there’s no HOA regulations go vintage and fun with something silly she might enjoy like a funky novelty mailbox.

3.) Instead of a jewelry box: Put up some shelves and make her a nice place to hang and display her jewelry too. People have used anything from coat hangers to corkboard to craft a functional and decorative place to store stuff, especially trinkets. Need ideas? Pinterest is chalked full of inspiration.

4.) Instead of a basket of spa stuff: Revamp her bathroom with spa like goodies. Get her fluffy new Egyptian cotton towels, fresh accessories, and as a bonus make that basket of spa lotions and potions the center piece for a newly refreshed bathroom.

5.) Instead of art: What mom doesn’t love family photos? Hit up her favorite shop or a fun second hand store for some unique antique frames and put your favorite family memories in them. Or see if she has a stash of old photos that need to be retouched, get them refinished and frame a few. Bonus points if you hang them up for her.

Mom is the heart of the home, so why not help make her home as beautiful as she is? Thoughtful home improvements and additions will be a delight to any mother. Happy Mother’s Day from The Voss Team!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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