Phoenix Real Estate Market Is Hot

The Phoenix real estate market continues to run hot this summer. The inventory is even lower than last month, with only 1.43 months of supply. Competition for homes is boosted by the near-historic low mortgage rates with the 30-year note around 3.5%.

Mortgage Rates Generally Hold Steady

Mortgage rates inched up slightly this week, closing the month with the 30-year fixed-rate mortgage rate averaging 3.6 percent – almost a full percent lower from the same time last year. Low mortgage rates along with a strong labor market are fueling the consumer-driven economy by boosting their purchasing power, which will certainly support housing market activity in the coming months.

Know anyone looking to buy a new home? Let them know how they can save $5,000 on average with an exclusive loan from Keller Mortgage! Contact me today for details, this is a great way to help them save a lot of money. Click here to learn more. 

New Price! Historic Tutor Home Located Downtown

Be minutes from work & play downtown with this lovely historic Tudor brick home brimming with pristine interiors & loads of character.Located in the coveted F.Q. Story 1940s neighborhood, near Grand Ave, First Fridays, State Fair, Encanto Park, and trendy shops & cafes. A cozy, light-filled living room features a fireplace, 9-foot ceilings + beautiful flooring that lead into an eat-in kitchen with stainless steel appliances, rich cabinetry, a stylish backsplash & beautiful countertops. Oversized lot with R5 and C2 zoning and opportunity to add a casita and garage. New price of $351,000. Come see your new downtown home today! View the full property listing or contact me for a private showing.

 

Keller William’s Mega Camp 

I had a great trip to Austin, TX, last month for Keller William’s Mega Camp event. Eating the best BBQ and beef brisket, and zipping dangerously around town on an electric scooter. I’m excited for all the great new technology coming out from my company Keller Williams. The future of real estate is here…

Phoenix Posts Strong Job Growth

It’s no secret #Phoenix is a popular destination for people looking to relocate from around the U.S. But a new analysis of U.S. Census data from Bloomberg LP shows how many on an average day are moving to the Valley of the Sun.  According to Bloomberg, 200 people arrive in greater Phoenix on a daily basis. Read the full article.