AZ Probate Realtor

Phoenix home sale time on market sees 2nd-biggest decrease in the U.S. - AZ Big Media In the Metro Phoenix housing industry, time on market dropped 14 days compared with 2023, good for the second-biggest drop in the nation.

One local economist does not expect to see Phoenix area housing prices take a dramatic fall anytime soon, even as the national housing market lost some steam in August. The average cost of a Maricopa County house in August was $410,000, almost $100,000 more than just one year ago. (KTAR.com)

Just in case you are thinking of moving abroad. Take this country off your list.

New Zealand housing most unaffordable in the world - The Economist In the past 46 years, New Zealand's average house prices have risen more than 8 percent a year.

Bella Thorne's punchy pink house is for sale for $2.49M The lives of the rich and famous are often colorful, and actress Bella Thorne's Sherman Oaks home, now on the market for $2.49M, certainly seems to suggest so

Buy now while mortgage rates are low.

Bankrate® Mortgage rates fell sharply this week as the coronavirus pandemic continues to slow all aspects of mortgages underwriting and homebuying.

Here’s how mortgage rates have changed this week 1 /7/20
Mortgage rates edged up slightly this week.

The benchmark 30-year fixed-rate mortgage rose this week to 3.84 percent from 3.81 percent, according to Bankrate’s weekly survey of large lenders. A year ago, it was 4.59 percent. Four weeks ago, the rate was 3.93 percent. The 30-year fixed-rate average for this week is 0.78 percentage points below the 52-week high of 4.62 percent, and is 0.10 percentage points greater than the 52-week low of 3.74 percent.

Over the past 52 weeks, the 30-year fixed has averaged 4.09 percent. This week’s rate is 0.25 percentage points lower than the 52-week average.

Here’s a snapshot of mortgage rates this week:

The 15-year fixed-rate mortgage was flat at 3.16 percent.
The 5/1 adjustable-rate mortgage rose to 3.60 percent from 3.50 percent.
The 30-year fixed-rate jumbo mortgage was flat at 3.82 percent.