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Thursday, March 14, 2019   /   by Juan Grimaldo

Homeownership is a Cornerstone of the American Dream

“The rumors of my death are greatly exaggerated.”

The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash, that percentage continued to fall for the next ten years.
That led to speculation that homeownership was no longer seen as a major component of the American Dream. That belief became so widespread that the term “renters’ society”began to be used by some to define American consumers.
However, the latest report by the Census Bureau on homeownership shows that over the last two years, the percentage of homeowners has increased in each of the last eight quarters.

Going forward…
It appears the homeownership rate will continue to increase.
The 2019 Aspiring Home Buyers Profile recently released by the ...

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Thursday, March 14, 2019   /   by Juan Grimaldo

La propiedad de la vivienda es un paso primordial del sueño americano

“Los rumores de mi muerte se han exagerado enormemente”.

La famosa cita atribuida a Mark Twain  puede aplicarse hoy a la propiedad de la vivienda en los Estados Unidos. Durante la burbuja del sector de la vivienda de la última década, la tasa de los propietarios de vivienda se disparó a más del 69 por ciento. Después del desplome, el porcentaje continúo cayendo durante los siguientes diez años.

Eso llevó a la especulación que la propiedad de la vivienda ya no era considerada como un componente importante del sueño americano. Esa creencia se hizo tan generalizada que el término, “sociedad de inquilinos” comenzó a ser utilizado, por algunos, para definir a los consumidores estadounidenses.
Sin embargo, el último informe de la oficina del Censo sobre los propietarios de la vivienda muestra que, durante los ú ...

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Thursday, March 14, 2019   /   by Juan Grimaldo

March Market Update

It is so important to keep up to date with the real estate market trends!

Here are some words from our experts at the Cromford Report:

For Buyers: Good news for buyers over the past few weeks, interest rates came down a few notches. That combined with the increased loan limit for conventional financing gave buyers a little boost. The new loan limit for conventional financing in Maricopa County is $484,350 as of a few months ago and the new limit for FHA financing is $314,827. Just 3 years ago, the limits were $417,000 and $271,050 respectively. The FHA limit increase hasn’t had as much impact on buyer demand as the conventional increase thus far. While the overall market is down 8.7% in sales this month, the biggest winner has been the $500K-$600K price range which is up 15%.

For Sellers: “Buyer Season” in Greater Phoenix typically lasts from February to May with a peak in April. Sellers who decide to list their home in March should be aware that t ...

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Wednesday, March 13, 2019   /   by Juan Grimaldo

Check out this Just Listed property in El Mirage!

Amazing 3 bedroom, 2 bathrooms, family room, formal living area, covered patio and open concept kitchen. Pride of ownership. Situated on a corner lot, with a very spacious backyard. Priced to sell, hurry! This beauty won't last!!

Are you looking to Buy or Sell your home?
Call us today 480-365-8346!

Esta usted pensando en Vender o Comprar su casa?
Llámenos hoy 480-365-8346!

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Tuesday, March 12, 2019   /   by Juan Grimaldo

What’s Going On with Bidding Wars?

In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home.
According to the Cambridge English Dictionary, bidding wars occur when two or more parties repeatedly outbid each other as they compete to purchase something- in this case, a home.
In some areas of the country, first-time buyers have been met with fierce competition throughout their experience. Some have been out-bid multiple times before finally winning a bid on a home to call their own.
According to the latest Existing Home Sales Report from the National Association of Realtors(NAR), there is currently a 3.7-month supply of homes for sale.
With the current number of houses listed for sale and the level of demand from buyers, this means it ...

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Keller Williams Realty Elite- The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395

© 2021 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 26, 2021
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