Pricing Archives - J.P. Cook - Arizona Real Estate

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly. After all, 15,014 houses sold yesterday, 15,014 will sell today and 15,014 will sell tomorrow. 15,014! That

Home Prices Up 6.15% Across the Country!

March 31, 2017

First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing

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Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Alaska, Delaware, West Virginia & Wyoming were the

The Connection Between Home Prices and Family Wealth

March 29, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing

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Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in

Don’t Let Your Luck Run Out!

March 17, 2017

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing

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Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to

How to Get the Most Money When Selling Your Home

March 13, 2017

For Sellers, Pricing, Selling Your Home

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Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive. However, let’s look at this

Where Are the Home Prices Heading in the Next 5 Years?

February 27, 2017

For Buyers, For Sellers, Market Outlook, Pricing

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Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next