Friday, August 31, 2018
From the best loan officer here in Tucson, AZ...
From the best loan officer here in Tucson...… If you are thinking of buying or selling a home here in Oro Valley, AZ... Give me a call 520.870.5114
Tuesday, August 28, 2018
Weekly Review
The stock market recorded moderate gains with the S&P 500
notching another all-time record high on Friday, the first time since January
26th of this year. Bonds also fared well with U.S. Treasury yields decreasing
modestly during the week. President Trump's publicly pronounced unhappiness
with Federal Reserve Chair Jerome Powell for raising interest rates in addition
to voicing his desire for Fed policymakers to keep interest rates low may have
helped boost buying demand for Treasuries, sending yields lower. Because U.S.
Treasury yields are substantially higher than many other industrialized
nations, U.S. Treasuries remain attractive investments for foreign buyers.
President Trump also publicly blamed both the European Union and
China of manipulating their currencies to weaken them relative to the U.S.
dollar in an effort to boost their exports to the U.S. Although low-level trade
talks between the U.S. and China took place in Washington, D.C. during the
week, no real progress was made on tariffs and trade. In fact, last Thursday
the U.S. began to enforce an additional 25% in tariffs on Chinese imports
ranging from machinery to motorcycles while China retaliated with corresponding
tariffs on U.S. products from coal to trucks. Trade resolutions may not be
realized until later in the year when higher-level negotiations are scheduled
to take place.
Meanwhile, the minutes from the Fed's July 31-August 1 monetary
policy meeting indicated the Fed expects to next raise rates at its September
meeting. Fed officials stated in the minutes that it would likely
"soon" be appropriate to raise rates. There currently is a 96.0%
probability rates will be bumped up another 25 basis points on September 26.
Friday, in a speech at the Kansas City Fed's annual economic symposium in
Jackson Hole, Wyoming, Fed Chair Powell defended the gradual pace of the Fed's
rate hikes saying that the "slow increases are appropriate given current levels
of inflation and unemployment."
Wednesday, August 22, 2018
HOW TO GET MORE FOR YOUR HOME – What to put in your listing to get higher/faster sales
HOW TO GET MORE FOR YOUR
HOME –
What to put in your listing to get higher/faster sales
Selling Homes in 2016 and
2017 all had a few “key” items that they highlighted in their listing.
What were they?
STEAM SHOWER - those mentioning
“steam shower” in their listing descriptions brought their sellers a 29% higher
selling price than listings that didn’t mention it! Do you have a steam shower?
Be sure to mention it in your seller listing to help bring buyers and get a higher
sales price. It has one of highest premiums among more than 100 listing terms*.
More than just a stress
reliever, a steam shower is something buyers zone in on when reviewing listings
and giving priority to homes to buy. The online listing description can also
expect it to help them net a nicer bottom line price when it comes time to
sell your home.
GOURMET KITCHENS – Professional appliances
Gourmet kitchens with the
term “Professional appliance” also rank high, giving sellers and up to 29%
premium over listings that didn’t mention that feature.
Third for overall
interest was the term “Pizza oven,” netting sellers a 26 % premium. Definitely
mention this in your listing and highlight it as a selling point.
BUYERS ARE LOOKING FOR DIFFERENT THINGS
However, buyers look for
different things and what’s important to one buyer may not be to another. Since all homes aren’t created equal, and sellers looking at
different price points are attracted to – and willing to pay extra for –
different conveniences.
SOLAR IS BIG
Have you gone solar? Those homes priced in the bottom one-third
of all homes, having “solar panels” was a very profitable feature to advertise
in listing descriptions, getting sellers of these homes an extra 40% over
other, more similarly-priced listing without them.
OUTDOOR STORAGE AND USAGE
Shed and the term “garage studio” were both big draws boosting
sales premiums 24% for sellers with those homes/listing advertising those
terms.
Again, gourmet kitchen offerings can
bring in big profits. (Among) higher-end homes priced in the top-third of the
market, a “sub-zero fridge” brought in higher prices, netting a 38% premium
over similar high-end listings with standard refrigerators.
FASTER SALES vs. HIGHER PRICES
To some sellers, selling faster is
paramount over the profit. One term that brought in a faster sale was “exposed
brick” in the property listing. Similarly, advertising “open shelving,” “dual
flush” and “mid-century” features also shortened-by more than 10 days-the time
spent on market among all homes sold in the last two years. Another
sought-after item was “subway tile,” in kitchens/baths.
WHO WOULD HAVE THOUGHT IT
The term “open shelving” in a lower-third
listing led to a sale 14 days faster than entry-level home listings that didn’t
advertise that feature.
*Analyzed by Zillow
Tuesday, August 21, 2018
Monday, August 20, 2018
Week in Review
The stock market turned in a "mixed" performance while mortgage bonds and treasuries traded essentially flat on the week. Both the Dow Jones Industrial Average and S&P 500 were able to advance while the technology-heavy NASDAQ Composite Index posted a modest loss.
Equity markets were influenced by continuing volatility in emerging market currencies, the Turkish Lira in particular. Other factors included news of renewed trade negotiations between the U.S. and China and economic news of solid retail sales.
The stock market turned in a "mixed" performance while mortgage bonds and treasuries traded essentially flat on the week. Both the Dow Jones Industrial Average and S&P 500 were able to advance while the technology-heavy NASDAQ Composite Index posted a modest loss.
Equity markets were influenced by continuing volatility in emerging market currencies, the Turkish Lira in particular. Other factors included news of renewed trade negotiations between the U.S. and China and economic news of solid retail sales.
Thursday, August 16, 2018
Friday, August 10, 2018
Thursday, August 9, 2018
Tuesday, August 7, 2018
Friday, August 3, 2018
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