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THE GRIMALDO GROUP BLOG

Tuesday, February 7, 2023   /   by Juan Grimaldo

The Top Reasons for Selling Your House

The Top Reasons for Selling Your House

Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago.
Today, 93% of outstanding mortgages have a rate at or below 6%. That means a strong majority of homeowners with mortgages have a rate below what they’d get if they moved right now. But if you’re a homeowner in that position, remember that mortgage rates aren’t the only thing to consider when making a move. Your mortgage rate is important, but there are plenty of reasons you may still need or want to move. RealTrends explains:
“Sellers who don&rsqu ...

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Tuesday, February 7, 2023   /   by Juan Grimaldo

Goodyear project proposed for former Trotting Park seeks extension from city

A developer is seeking an indefinite extension for a 224-acre mixed-use business and retail center that's slated for the former Phoenix Trotting Park property along Interstate 10 and the Loop 303 in Goodyear.
The project, called the Innovation Centre, will comprise a 2.1 million-square-foot industrial park, 160,000 square feet of retail and entertainment uses and about 722,000-square feet of office space across the site that's also located along Citrus Road.

At full build-out, a masterplan for the project shows the center could include seven industrial buildings ranging in size from 80,000 square feet to 735,000 square feet that could support office, light industrial, distribution and manufacturing uses; a retail and entertainment site with a fitness center, hotel and nine stores; and an office park with eight buildings ranging in size from 42,000 square feet to 102,000 square feet.
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By Audrey Jensen - Reporter, Phoenix Business Journal ...

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Friday, February 3, 2023   /   by Juan Grimaldo

You May Not Need as Much as You Think for Your Down Payment

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

Some Highlights
Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase.
And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%.
Let’s connect to make sure you have a trusted lender and can find out if you’re ready to buy a home sooner rather than later. ...

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Friday, February 3, 2023   /   by Juan Grimaldo

As Super Bowl looms, Valley homeowners prepare to rent out luxury homes

The clock is ticking for homeowners across metro Phoenix who are frantically getting their homes ready for the thousands of people who will flood into the Valley in two weeks.
Many visitors coming in to watch Super Bowl LVII on Feb. 12 at State Farm Stadium in Glendale are sure to head into town early to catch the WM Phoenix Open, scheduled for Feb. 6-12.

Many of the Valley's hotels have already been sold out, according to Jesse Thompson, area director of sales and marketing for Benchmark Global Hospitality. In turn, that means visitors are turning to Airbnb Inc. and other rental sites to find accommodations.
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By Angela Gonzales - Senior Reporter, Phoenix Business Journal ...

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Thursday, February 2, 2023   /   by Juan Grimaldo

Experts Forecast a Turnaround in the Housing Market in 2023

Experts Forecast a Turnaround in the Housing Market in 2023

The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.
Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, and overall market activity is starting to pick up. All of that’s great news for the housing market this year. Here’s what experts are saying.
Cristian deRitis, Deputy Chief Economist, Moody’s Analytics:
“The current state of the housing market is that it is certainly in transition.”
Susan Wachter, Professor of Real Estate and Finance, University of Pennsylvania’s Wharton School:
“Housing is going to ease up. I think 2023 will be a turnaround year.”
Lawrence Yun, Chief Economist, Na ...

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The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346

© 2023 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 Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) 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. February 7, 2023
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