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Real Estate News and Market Trends

Mortgage rates surge on inflation expectations

June 16, 2022

Mortgage rates increase

Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing that the 30-year fixed rate mortgage (FRM) averaged 5.78 percent.

“Mortgage rates surged as the 30-year fixed-rate mortgage moved up more than half a percentage point, marking the largest one-week increase in our survey since 1987,” said Sam Khater, Freddie Mac’s Chief Economist.

“These higher rates are the result of a shift in expectations about inflation and the course of monetary policy. Higher mortgage rates will lead to moderation from the blistering pace of housing activity that we have experienced coming out of the pandemic, ultimately resulting in a more balanced housing market.”
Continue Reading

Filed Under: Market Trends Tagged With: Interest Rates

What’s the housing market like in Green Valley?

June 1, 2022

What's the housing market like in Green Valley?

Once you’re in the market to buy or sell a home, you’re going to notice every little thing you hear about the housing market.

It could be on the TV, a headline or article online, friends, family, coworkers — everyone has an opinion on how the real estate market is doing. The problem is, most of what you hear is based upon national data, trends, and statistics. Even if it’s “local” insight, it’s often still too broad and general.Continue Reading

Filed Under: Market Trends Tagged With: Buyer's Guide, Seller's Guide

Infographic:
Numbers don’t lie – It’s still a great time to sell

November 30, 2021

Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says:

Housing supply is lower than last year, and home prices are up nationwide. Meanwhile, the average home is selling fast and receiving several offers. Listing now puts your house in the spotlight, meaning it could sell quickly – and for more than you’d expect.

Numbers don’t lie – It’s still a great time to sell

Feeling motivated? If you’re ready to sell and capitalize on today’s market, let’s connect.

Filed Under: Market Trends Tagged With: Infographics

Retirement may be changing what you need in a home

November 27, 2021

Retirement may be changing what you need in a home

The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis, 2021 saw a retirement boom:

“At least 1.7 million more older workers than expected retired due to the pandemic recession.”Continue Reading

Filed Under: Home Ownership Tagged With: Retirement

Are home sales about to surge this winter?

November 22, 2021

Are home sales about to surge this winter?

Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of the year.

Real estate is very similar. The number of homes sold in the spring is almost always much greater than at any other time of the year. It’s even labeled as the spring buying season. Historically, the number of buyers and listings for sale significantly increase in the spring and remains strong throughout the summer. Once fall sets in, the number of buyers and sellers typically drops off.Continue Reading

Filed Under: Market Trends Tagged With: Supply & Demand

4 ways homeowners can use their equity

November 22, 2021

4 Ways Homeowners Can Use Their Equity

Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic, homeowners gained an average of $51,500 in equity over the past year.

If you’re looking for the best ways to use your growing equity, here are four options:Continue Reading

Filed Under: Home Ownership Tagged With: Home Equity

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

Infographic:
Have you ever seen a housing market like this?

September 17, 2021

Whether you’re buying or selling – today’s housing market has plenty of good news to go around. Buyers can take advantage of today’s mortgage rates to escape rising rents and keep monthly payments affordable. Sellers can reap the benefits of multiple offers and a fast sale.

Whether you’re buying or selling – today’s housing market has plenty of good news to go around.

If this sounds like good news to you, let’s connect today so you can capitalize on the unique opportunity you have in today’s market.

Filed Under: Market Trends Tagged With: Infographics

5 tips for making your best offer

September 15, 2021

5 tips for making your best offer

In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams. Following are five things to keep in mind when it’s time to make an offer.Continue Reading

Filed Under: Tips for Home Buyers

What’s the difference between an Appraisal and an Inspection?

August 15, 2021

WHAT’S THE DIFFERENCE BETWEEN AN APPRAISAL AND A HOME INSPECTION?

If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy.

In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. It’s also a different step in the process from a home inspection, which assesses the condition of the home before you finalize the transaction. Here’s the breakdown of each one and why they’re both important when buying a home.Continue Reading

Filed Under: Tips for Home Buyers Tagged With: Appraisal, Home Inspection

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"I can’t say enough about what an outstanding job Russ did for us! We decided to retire to AZ and after touring several areas in the state, we chose the Tucson area. I found Russ online and reached out to him to help us find our retirement neighborhood and home. Russ spent a day showing us all of the different neighborhoods in both Sahuarita and Green Valley that met our requirements and were within our budget. By the end of the day, we had chosen four neighborhoods. Russ then found four homes for sale in our chosen neighborhoods; two in our favorite! The next day, Russ took us to tour the four homes and by the end of the second day, we made an offer. We are relocating from Kentucky and Russ has been there for us every single step of the way. He has been invaluable in making this entire experience smooth and exciting for us! His service after the sale has been equally exemplary!"
- E. W., Sahuarita AZ
"I was able to see Russ in action when he helped my aunt and uncle buy a house here in Green Valley. He is very knowledgeable about this area and the home buying process. He went above and beyond in many ways: showing lots of houses, pointing out pros and cons of each house, helping decide on an offering price and recommending a good loan agent. Russ is everything a real estate agent should be and I highly recommend him."
- L.S., Green Valley AZ
"Russ did a terrific job finding the perfect house for us. If you’re in the market for a home, Russ is the man to see. We couldn’t be happier and highly recommend, Russ. What a great guy!"
- J.P., Woodbury MN
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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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