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THE GRIMALDO GROUP BLOG

Wednesday, May 12, 2021   /   by Juan Grimaldo

Homebuilder permits up 37% year to date; here's the Valley cities with the biggest gains

New homebuilder permit data shows exactly how scary it was for homebuilders at the beginning of the coronavirus pandemic.
Homebuilder permits issued by Valley municipalities between January and April were up 37% over the same period in 2020, according to new data released by the Homebuilders Association of Central Arizona.
While the data shows strong growth so far this year, it also gives a glimpse into how homebuilders put the brakes on construction plans while trying to get a feel for how the pandemic would affect their growth plans last year.
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By: Angela Gonzales, Reporter - Phoenix Business Journals ...

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Wednesday, May 12, 2021   /   by Juan Grimaldo

Is Home Price Appreciation Accelerating Again?

Is Home Price Appreciation Accelerating Again?



At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year.
This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, the National Association of Realtors, and Zelman & Associates have all adjusted their numbers upward after reviewing first quarter housing data. Here are their original forecasts and their newly updated projections:Even with the incre; ...

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Tuesday, May 11, 2021   /   by Juan Grimaldo

International investors likely to increase Phoenix real estate holdings this year, report says

International investors ranked Phoenix highly as a market where they plan to increase their real estate exposure in 2021, according to a study by the Association of Foreign Investors in Real Estate.
The survey collected information from more than 100 respondents, which include institutional investors, fund and investment managers, family offices, publicly listed companies, and related services.
Phoenix did not crack the top 10 list for planned real estate investments this year. The list was topped by Austin, Boston and Dallas. However, Phoenix ranked sixth for places where international investors intended to increase their real estate exposure, with 16% of survey respondents saying they would boost their holdings in Phoenix. Austin, Boston and Dallas again topped that ranking. Only 3% of survey respondents said they planned to decrease their holdings in Phoenix.
To continue reading click here: https://bit.ly/3oeqVsD
By: Corina Vanek, Reporter - Phoenix Business Journal ...

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Tuesday, May 11, 2021   /   by Juan Grimaldo

Experts Say Home Prices Will Continue to Appreciate

Experts Say Home Prices Will Continue to Appreciate



It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month.
In addition, Jim Dalrymple II of Inman News notes:
“One of the most noteworthy things that came up in Inman’s conversations with agents was that every single one said they’ve had conversations with clients about whether or not the market is heading into a bubble.”
To alleviate some of these concerns, let’s look at what several financial analysts are saying about the current residential real estate market. Within the last thirty days, four of the major financial services giants came to the same conclusion: the housing market is strong, and price appreciation will continue. Her; ...

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Monday, May 10, 2021   /   by Juan Grimaldo

3 Graphs Showing Why You Should Sell Your House Now

3 Graphs Showing Why You Should Sell Your House Now



There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your house. Here’s a look at what’s driving this sellers’ advantage and why there’s so much opportunity for homeowners who are ready to move this season.
1. Historically Low Inventory
The National Association of Realtors (NAR) explains:
 “Total housing inventory at the end of March amounted to 1.07 million units, up 3.9% from February's inventory . . . Unsold inventory sits at a 2.1-month supply at the current sales pace, marginally up from February's 2.0-month supply and down from the ; ...

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

© 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. May 12, 2021
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