Top 5 homebuilding industry trends to watch for in 2024
By: AZ Big Media Growth in New Construction While interest rates have had a big impact on the demand for new construction, we expect to see growth in our industry in the coming year, especially if rates go down by mid-2024 as predicted. In this scenario, we will see the many people who have r
Read MoreA Comprehensive Guide to Buying a Mobile Home
By: Redfin Blog Welcome to the ultimate guide to buying a mobile home – an increasingly popular housing option that offers affordability, flexibility, and a unique lifestyle. Maybe you’re a first-time buyer searching for an affordable entry into homeownership, or perhaps you’re looking to dow
Read MoreUnlocking the Door to Homeownership: Mastering the First Steps to Buying a House
By: Redfin Blog Buying a house is one of the biggest financial decisions that many people make in their lives. It’s a process that involves many steps, and it can be overwhelming, especially if you’re a first-time homebuyer. Understanding the first steps in buying a house is crucial to ensure
Read More19 Types of Home Inspections that Buyers Should Consider
By: By: Redfin Blog Buying a home is a significant investment, and ensuring the house is in the best condition possible is a top concern for any buyer, regardless of whether it’s your first home or investment property. It’s easy to get caught up in the excitement of buying a home, but you’ll
Read MoreMastering Mortgage Basics: 10 Key Concepts Every Homebuyer Should Know
By: Redfin Blog In this comprehensive guide, by Redfin, we will delve into ten common questions about mortgages, offering valuable insights and expert answers. Whether you’re a first-time homebuyer in Los Angeles or you’re considering refinancing your home in Tampa, this guide is tailored to e
Read MoreHow Much Should I Spend on a House? 5 Tips to Help You Make a Decision
By: Redfin Blog Once you’ve decided to buy a house, the next step is to decide how much you can realistically afford. To help you get started and make the process easier, here are five tips to follow when deciding how much you should spend on a house. 1. Understand what percentage of your i
Read MoreWhat is Earnest Money and How Much Do You Need?
By: Redfin Blog When you’re about to make an offer on a home, your real estate agent will ask how much “earnest money” you’d like to put down. Earnest money is a type of security deposit, also known as a “good faith” deposit, made to the seller of a home. It represents your intent to buy the
Read MoreShould You Buy Down Your Mortgage Interest Rate?
By: Redfin Blog During the homebuying process, one crucial decision that buyers often grapple with is whether to buy down their mortgage interest rate. Since interest rates play a pivotal role in determining the overall cost of a mortgage – what you end up paying each month as a mortgage paym
Read MoreThe Advantages of Buying a Home in the Off-Season
By: Redfin Blog When it comes to buying a home, most people often think of the bustling spring and summer months. Afterall, it is the season of open houses, elevated curb appeal, and the frantic pace of the real estate market. However, buying a home during the fall and winter months can offer
Read MoreHow Much Does it Cost to Move a House? Budgeting Your Big Move
By: Redfin Blog Moving a house is a monumental undertaking that involves not only physical logistics but also significant financial considerations. Whether you’re relocating a historic home to preserve its character or simply seeking a change of scenery, the cost of moving a house can be daun
Read MoreHow to Get a Home Loan: 10 Steps to Success
By: Redfin It’s an exciting moment when you decide to charge ahead and purchase your first home. You look forward to finding the right house in a neighborhood you like and settling in to become part of the community. Plus in terms of personal finance, homeownership is a major accomplishment.
Read MoreInsights in evaluation: How home appraisal drives informed mortgage decisions
By: AZ Big Media In the complex process of mortgage lending, one step is crucial yet often understated: the home appraisal. For lenders, it’s like getting a report card on a house before deciding whether to lend money for it. But why does it matter so much? Well, it helps lenders make informe
Read More4 factors to consider before you go solar
By: AZ Big Media Given that Phoenix averages over 300 sunny days each year, it is no surprise that Arizona ranks fifth in the nation for installed solar panels. This source of energy has become more prevalent over the years as conversations centering on sustainability and one’s carbon footpri
Read MoreExpert warns against 1 crucial mistake homebuyers should avoid in 2024
By: AZ Big Media Residential Realtor Somone Wilder is a Top 40 Under 40 Realtor in Maricopa County with a track record of selling more than 500 homes in just the past 5 years. Featured on NPR and in Bloomberg Magazine, she has positioned herself as an expert in her industry. She’s warns potent
Read MoreArizona is state with the 10th lowest real estate property taxes in 2024
By: AZ Big Media Depending on where you live, property taxes can be a small inconvenience or a major burden. How do Arizona property taxes rank? The average American household spends $2,869 on property tax for their homes each year, according to the U.S. Census Bureau, and residents of the 26
Read More16 Things to Do Immediately After Buying a Home and You Receive Your Keys
By: Redfin Congratulations on your new home! Successfully closing on a house in today’s market is an achievement worth celebrating. After navigating through the phases of house hunting, making the offer, securing a mortgage, finally closing the deal, you might be wondering what happens next,
Read MoreMoving Checklist: Everything You Need to Know for a Smooth Move
By: Redfin Whether you’ve secured the perfect apartment to rent or just purchased your dream home, the only task left is transitioning into your new living space. We won’t lie to you — moving is no small feat. The entire process can feel daunting, from decluttering and packing to transporting
Read MoreArizona’s Largest Cities: A Homebuyer’s Guide for 2024
By: Redfin Arizona has endless sunshine and landscapes, offering a unique and uplifting experience. Residing in Arizona provides a distinctive lifestyle surrounded by diverse landscapes, ranging from the awe-inspiring red rocks to a rich cultural atmosphere, all under abundant sunshine and a S
Read MoreHere’s why you should expect a competitive home shopping season this spring
By: AZ Big Media Both buyers and sellers should prepare for a competitive home shopping season this spring. The latest market report from Zillow shows that well-priced homes are being snapped up quickly, while those that linger on the market are seeing their asking prices cut. “Some of the ho
Read MoreWhy Arizona housing affordability is a ballooning concern
By: AZ Big Media A little more than half of the homes sold in Sierra Vista-Douglas during the fourth quarter of 2023 were affordable to a family earning the median income. At 54.3%, that was the highest Arizona housing affordability rank in the state for the fourth quarter. Nationally, 37.7% o
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