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Articles Tagged: Home Prices

Home Buyers Guide Home Sellers Guide

What’s happening with home prices?

November 12, 2021

What’s happening with home prices?

Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions.Continue Reading

Filed Under: Market Trends Tagged With: Appreciation, Home Prices, Supply & Demand

A look at home price appreciation through 2025

July 6, 2021

A look at home price appreciation through 2025

Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels.

In more good news for homeowners, the most recent Home Price Expectations Survey – a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists – forecasts home prices will continue appreciating over the next five years, adding to the record amount of equity homeowners have already gained over the past year. Continue Reading

Filed Under: Home Ownership, Market Trends Tagged With: Appreciation, Home Equity, Home Prices

What do experts see on the horizon for the 2nd half of 2021?

June 30, 2021

What do experts see on the horizon for the 2nd half of 2021?

As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon?Continue Reading

Filed Under: Market Trends Tagged With: Home Prices, Interest Rates

82 percent of homes selling at or above asking price

June 21, 2021

82 percent of homes Selling at or Above Asking Price

When you sell your home, you want it to sell for at least what you’re asking — preferably more. And if that’s the goal, now is a great time to sell.

A recent survey from Homes.com found that a whopping 82 percent of homes sold over the past six months accepted offers either at or above asking price — with 33 percent selling at the original asking price and an impressive 49 percent selling for more than what the seller’s asked for. Homes are also selling quickly. According to the survey, almost half of homes sold in less than a month, with two-thirds of all sellers accepting an offer after 10 or fewer showings.

So, what does this mean for you? In today’s market, the majority of homes are selling for a profit — and they’re selling fast. So, if you’ve been thinking about selling your home, now is a great time to make a move.

Filed Under: Market Trends Tagged With: Home Equity, Home Prices

Home price appreciation: As simple as supply and demand

June 9, 2021

Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows.

Let’s use three maps to show how this theory continues to affect the residential real estate market.Continue Reading

Filed Under: Market Trends Tagged With: Appreciation, Home Prices, Supply & Demand

In today’s market, listing price is like an auction’s reserve price

June 8, 2021

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price they could offer and still get the home.

As a result, the listing price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than what was listed. It was unthinkable to pay more than what the seller was asking.

Today is different

The record-low supply of homes for sale coupled with very strong buyer demand is leading to a rise in bidding wars on many homes. Because of this, homes today often sell for more than the list price. In some cases, they sell for a lot more.Continue Reading

Filed Under: Market Trends, Tips for Home Buyers Tagged With: Home Prices

Infographic: Should I buy now or wait?

April 30, 2021

If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means you’ll spend less in the long run.

INFOGRAPHIC: Should I buy now or wait?

Let’s connect to put your home buying plans in motion before home prices and mortgage rates climb even higher.

Filed Under: Market Trends, Tips for Home Buyers Tagged With: Home Prices, Infographics, Interest Rates

Home Prices Up Nearly 10 Percent over LY in December

February 9, 2021

Home Prices Up Nearly 10 Percent over LY in December

There’s no denying that 2020 was an extremely challenging year. But one area that flourished in 2020 was the real estate market — and more specifically, the market was great for sellers. Low inventory and high buyer demand drove up home prices around the country.

But just what kind of home value increases did homeowners see in 2020?

According to CoreLogic’s most recent Home Price Insights report, home prices increased 9.2 percent from December 2019 to December 2020 — the largest annual home price gain since early 2014. That means if your home was valued at $325,000 in December 2019, by December 2020, that same home was worth $354,900 — an increase of $29,900.

So, what does that mean for you? If you’re a homeowner, chances are, your home is worth a lot more today than it was just a year ago. So if you’ve been thinking of selling, now is a great time to make a move and sell your home for a healthy profit.

Filed Under: Market Trends Tagged With: Home Equity, Home Prices

Where are home values headed over the next 12 months?

September 29, 2020

Where are home values headed over the next 12 months?

As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, would home values begin to depreciate?

Original forecasts modeled this uncertainty, and they ranged anywhere from home values gaining 3% (Zelman & Associates) to home values depreciating by more than 6% (CoreLogic).Continue Reading

Filed Under: Market Trends Tagged With: Home Prices

Why pricing your home right matters this Fall

September 26, 2020

Why Pricing Your Home Right Matters This Fall

As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true. To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start.

Let’s connect today to make sure you have the guidance you need to price your home right this Fall.

Filed Under: Tips for Home Sellers Tagged With: Home Prices

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"Russ Fortuno is a 5-Star professional who I highly recommend without reservation. He is knowledgeable, experienced, prompt, efficient, polite, fair, honest, and very personable. We interviewed four real estate agents and he was far and above the most experienced, proficient, and knowledgeable. He gave us excellent advice on how to prepare the house for the market, and directed us on having an estate sale. He sold our house in Green Valley, AZ before it even went on the market, and did an excellent job negotiating a fair price. Our entire family was thrilled with the service he provided to us. You cannot go wrong with Russ Fortuno."
- N. T., Highland Park, IL
"100% full service. Russ walked us through each step making sure we understood the process. He was very patient with us when we fumbled a bit with DocuSign. Russ was a pleasure to work with and we highly recommend him. There’s really not a lot more we can say except that the purchase of our condo went so fast and smoothly… all due to Russ!"
- S.H., Green Valley AZ
"Russ was a pleasure to work with. Being we’re in Seattle and buying in Green Valley, Arizona, Russ made the process very easy and comfortable. The transaction, with the help of Russ, went smoothly and without any hitches. He was quick to respond with any concerns or questions. I would recommend him for your real estate needs without hesitation. Having first hand knowledge of Green Valley was a bonus for us."
- B.E., Green Valley, AZ
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and year-round Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

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