December 2021 home price update

This year has truly been a wild ride in real estate.

Dear Friends & Clients, This year has truly been a wild ride in real estate. Earlier in the year, the market was red-hot, and homes were being snatched up left and right for record prices. Now that the year is almost over, the market has slowed some, giving us time to take stock. How much thought have you put into next year's market? According to some experts, the outlook for 2022 is mixed. Over the past year, home prices soared upward by as much as 20%, though that did little to increase inventory since buyer demand was so high. In 2022, home prices won't increase at quite the same rate, which is good news for buyers who have been frustrated by the ever-growing price tags on homes. However, prices are still expected to increase, and it's unclear whether the housing shortage will shore up by then despite efforts by home builders to increase inventory. According to a team of Goldman Sachs economists led by Jan Hatzius, "Of all the shortages afflicting the US economy, the housing shortage might last the longest. [...] While the supply of homes for sale has increased modestly since the spring, it remains well below pre-pandemic levels and the outlook offers no quick fixes for the shortage." But these conditions have done nothing to slow buyer demand. In November, we saw 46% of all homes being sold at OVER list price! The price point with the highest percentage of sales over list price (56%) was $300-400k. ANNUAL APPRECIATION: With as long as we've been in an appreciation spike, it's hard to believe that we are still seeing a 27% appreciation rate!! This is measured using a monthly average price/sf. HIGH TRANSACTION VOLUME: This was the 2nd highest volume of any October next to 2020! Lawrence Yun, chief economist at the National Association of Realtors said this of home sales: "Although there should be a slowdown going into 2022, they will likely remain above pre-pandemic levels." The disparity between buyer demand and available supply suggests that home prices may well surge throughout the 2020s. And even though builders are still constructing new inventory, they're limited by worker shortages and cost increases. The annual rate at which they're building homes is well below the threshold needed to catch up with the deficit. To close the gap, builders would need to double their output for the next five or six years, according to economists at Realtor.com. So what does this mean for you? If you're a seller, now is an excellent time to list. The winter months typically mean reduced competition from other buyers, and the buyers that are out looking for homes in the market are highly motivated. Because both home prices and mortgage interest rates are on the rise, you're sure to fetch a great price for your property from buyers who are feeling the pressure, assuming your home is in good condition and priced correctly for the market. Do you know what your home is worth? If not, you can instantly calculate your home's value in today's market based on recent Phoenix sales: Enter your address here to find out what your home is currently worth. If you need professional help in getting your home sold for top dollar and in record time or if you have any questions about the market, give us a call at 602-413-8195 or reply to this email. We'd love to go over your current situation and develop a strategy for your success. We hope to hear from you soon, Monique Walker RE/MAX Excalibur Looking to buy a Phoenix Metro Market Home? Looking to sell your Phoenix Metro Market Home? Call me at (602) 413-8195 for a FREE home buying or selling consultation to answer any of your real estate questions. Connect with us! Monique Walker RE/MAX Excalibur 8510 E. Shea #100 Scottsdale, AZ 85260

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The HAF can help you stay in your home

Dave Cherry talks about the Homeowner Assistance Fund and how to apply.

How To Apply for the Homeowner Assistance Fund Today I'm here with Dave Cherry who's also with the Arizona Department of Housing. He's going to talk about a special program called the Homeowner Assistance Fund that can help people keep their homes by making payments that they are behind on. That can include your mortgage, utilities, insurance, property taxes, and even your internet bill. It might not apply to you now, but if you know someone who it might help, please pass this information along! To hear all of the details, watch my latest video. Watch My Video ▶ Looking to buy a Phoenix Metro Market Home? Looking to sell your Phoenix Metro Market Home? Call me at (602) 413-8195 for a FREE home buying or selling consultation to answer any of your real estate questions. Thinking of Selling Your Home? Because We Are. Connect with us! Monique Walker RE/MAX Excalibur 8510 E. Shea #100 Scottsdale, AZ 85260

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GLÜCKWUNSCH "SPENDE VON 2.800.000,00 EURO"

Mein Name ist Manuel Franco aus den USA. Meine Frau und meine Familie möchten
Ihnen diese gute Nachricht mitteilen. Im April 2019 habe ich den Powerball-Jackpot von 768 Millionen US-Dollar gewonnen. Aufgrund der Coronavirus-Pandemie und des neuen Virus haben wir uns entschieden, 2.800.000,00 € an 10 zufällige Personen zu spenden.
Ihre E-Mail-Adresse wurde aus einer zufällig rotierenden Kugel ausgewählt, daher habe ich mich freiwillig entschieden, Ihnen und 9 glücklichen Menschen auf der ganzen Welt 2.800.000,00 € zu spenden. Einer meiner Tipps ist Ihr Spendencode : [MF/432/212] Antworten Sie per E-Mail mit dem Spendencode an: Manuelfranco012@hotmail.com

Ich hoffe, Sie machen Ihrer Familie eine Freude.

Mit freundlichen Grüßen
Manuel Franco und Familie

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Wishing you a happy Thanksgiving

The 2021 holiday season has officially begun!

Friends, The 2021 holiday season has officially begun! We hope you are as excited as we are. We'd like to take a moment to express our gratitude to all of you this Thanksgiving. We have met some truly wonderful people, and we're proud to have helped so many reach their real estate goals over the years. We wouldn't be where we are today without all of your support. Enjoy your Thanksgiving dinner—that's what we plan to do! In the meantime, please don't hesitate to reach out to us if you have any real estate questions. We would be happy to help you. Happy Thanksgiving, Monique Walker RE/MAX Excalibur Watch My Video ▶ Looking to buy a Phoenix Metro Market Home? Looking to sell your Phoenix Metro Market Home? Monique's Pending Listings Call me at (602) 413-8195 for a FREE home buying or selling consultation to answer any of your real estate questions. The Monique Walker Team Connect with us! Monique Walker RE/MAX Excalibur 8510 E. Shea #100 Scottsdale, AZ 85260

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