Time to Purchase a Larger Home???

We are seeing more and more households with 2-3 generations living together. Is this a new trend or a sign of the times? In the majority of the cases, it is an economic choice. We are finding middle age children that are no longer able to afford a care facility for their aging parent, so they all live together to save costs. In others, the 21-35 year old offspring is moving back in with mom and/or dad because he/she can no longer afford their own dwelling.
Nearly 1 in 3 adults — or 30 percent — live with their relatives, according to a new study. The cohabitation is known as “doubling up,” and it has risen to levels not seen since the Great Depression, according to a survey of 3,000 home owners and renters conducted by Hanley Wood.
Recent U.S. Census data also showed an increase in “doubling up” among household, particularly among young adults who are opting to move back with their parents. About 5.9 million Americans aged 25-34 lived with their parents in 2010, which is a 25 percent increase compared to the years immediately preceding the recession. Men were found to be nearly twice as likely as women to live with their parents.
Interested in a larger home? Call us at 623-694-0354 and we will help you find a home that is suitable for your entire family.

Phoenix Area Home Sales are Smokin' Hot

Homes are selling like Hotcakes in the Phoenix area market. Now that there are many different companies specializing in bidding on properties on the courthouse steps, most auctioned (foreclosed) properties are receiving multiple bids. Because the prices are being driven up by investment buyers who are purchasing the properties with the intent to rent them, "flippers" are having a difficult time finding good properties to flip.

Yesterday I listed 2 properties in Avondale. Between the two properties we had 7 showings today and 5 showings for tomorrow. So far, we have received two offers for these properties and are expecting more.

To obtain a property, you often need to be one of the first buyers on the scene. Call us and we will "hook you up" to the MLS so you can be the first to know when your ideal property comes on the market.

Did you know that interest rates are at an all time low? If you are thinking of purchasing with a loan, the interest rate plays a bigger role in determining your monthly payment than the overall price of the home. Follow the lead of the investors, the time to strike is now....and you may need to strike (make offers) several times before obtaining your ultimate deal!