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Real Estate | My Valley Home Search: The Sharyn Younger Team Blog

Monday, June 29, 2020   /   by Sharyn Younger

PHOENIX HOMES MORE AFFORDABLE TODAY THAN IN 2018?

25,000. Keep that number in your head. 25,000 is a nice round number that reflects an estimate of the typical amount of homes for sale in the Phoenix metropolitan area during a "normal" real estate market. 

10,000. The Phoenix metropolitan area has less than 10,000 properties for sale at the moment. Many of you have heard me talk over the last few years about a strong sustained sellers market and predict that eventually, as in most things, the pendulum would swing back in favor of buyers. Not today my friends. Not today! 

Buyers are frustrated by competing with high demand and low supply. One would draw the logical conclusion that while it's a phenomenal time to be a seller in this market, it's a nightmare for buyers. However, the very reason that demand is so high, makes it a great time to be a buyer. And I can summarize that reason in one word: Affordability!

The graph above illustrates this affordability well. A home that sold in the final quarter of 2018 for $300 ...

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  real estate, phoenix home affordability

Wednesday, March 11, 2020   /   by Sharyn Younger

EFFECT OF CORONA VIRUS ON PHOENIX REAL ESTATE

Unless you've been living under a rock, you have heard news of the spread of the Corona Virus. You've probably heard everything from "there should be no more to fear than there is of the flu - business as usual'" to "anyone with a cough or cold symptoms should quarantine themselves for 14 days". A lack of solid information, in combination with EVERYONE having an opinion, makes it hard to know how to react to a possible pandemic. 

Unfortunately, I can shed no more light on the subject than anyone's guess. But I CAN talk about the effects of COVID-19 on the Phoenix real estate market. The best way to describe the effect, is to think of it as a seesaw with a positive effect on one side, and a negative effect on the other.  And depending upon the trajectory of this thing, one side may be left hanging up in the air!

On a positive note, my phone has been ringing off the hook from buyers who had been kicking the tires on the idea of buying a home and are now wanting desperatel ...

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  real estate, corona virus, phoenix real estate

Wednesday, March 11, 2020   /   by Sharyn Younger

COPPER SUMMIT REAL ESTATE LOVES VETS AND ACTIVE MILITARY

Every one of us here at Copper Summit Real Estate loves vets and active military families. That's because every one of us has family members or friends currently serving in various branches. As a result of those connections, a sizable portion of our clientele are veterans or active military. We've sold properties in and around Luke Air Force Base from Glendale to Goodyear and beyond. 

Our commitment to helping veterans and active military runs deep. Our resources include lenders who specialize in VA loans and offer cost savings to veterans such as free appraisals. Copper Summit agents offer free home warranty programs and concierge services to veterans, helping them settle in to their new community.  And with the low to no downpayment programs offered by the VA and currently historic low interest rates, there truly is no better time for veterans to purchase a home. 

So where are our active Air Men and Women purchasing homes that are conveniently located near the ba ...

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  el mirage real estate, glendale real estate, goodyear real estate, litchfield park real estate, peoria real estate, real estate veterans, surprise real estate, va mortgage, veterans administration

Copper Summit Real Estate | The Sharyn Younger Team
Sharyn Younger
480-589-2347
Waterstone Mortgage
Emilio Cosculluela
602-708-9322
Emilio.Cosculluela@WaterstoneMortgage.com

© 2020 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Sharyn Younger - Copper Summit Real Estate - The Sharyn Younger Team are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. October 28, 2020
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