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Home builder confidence hits all-time record

Home Builder Confidence Hits All-Time Record

Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes.

As the following chart shows, confidence dropped dramatically when stay-in-place orders were originally mandated earlier this year. Since then, it has soared back.Continue Reading

Filed Under: Buyers Tagged With: ,

Mortgage rates hold steady at historic lows

What's the latest on interest rates?

Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing that the 30-year fixed-rate mortgage (FRM) averaged 2.87 percent.

“Despite the recession, the very low mortgage environment has spurred many first-time homebuyers to jump into the real estate market,” said Sam Khater, Freddie Mac’s Chief Economist. “In August, first-time homebuyer activity rose 19 percent from July to the highest monthly level ever for Freddie Mac. The first-time homebuyer driven rebound in the housing market has come at a critical time for the economy.”Continue Reading

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Must-know lessons for buying a home during the pandemic

Must-know lessons for buying a home during the pandemic

House hunting is always a process — but in the midst of COVID-19, there are even more things to know and learn about successfully finding and buying a home. But what, exactly, are those things? What do you need to know to find and buy a home right now?

Realtor.com outlines some key lessons home buyers should know if they’re shopping during COVID, including:Continue Reading

Filed Under: Buyers, September 2020 Tagged With: ,

Video touring a home? Be sure to check these outdoor elements

Video touring a home? Be sure to check these outdoor elements

Video tours are a great option for long-distance buyers and buyers who are hesitant to tour a property in person due to COVID-19 concerns. But if you’re planning a video tour and want to get a comprehensive feel for the property, you need to tour more than just the interior of the house — you need to take the video tour outdoors.Continue Reading

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What’s the housing market like in Green Valley?

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

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Video touring a home? Let’s get a close-up of the kitchen

Video Touring a Home

While COVID-related restrictions have loosened in many areas, many buyers are still wary about going to tour homes in person — and video tours are still hugely popular. Perhaps it’ll even be a permanent addition to how some people look at homes even once the pandemic is entirely under control.

Video tours can give you just as much detail and information about a property checking as seeing it in person. But that’s only true if when working with a Buyer’s Agent who specializes in working with out-of-state clients.Continue Reading

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Just how strong is the Housing Recovery?

Just How Strong Is the Housing Recovery?

The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis.

Let’s look at two measures that explain the resilience of the real estate market.Continue Reading

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Don’t make these common home buyer mistakes

Don't make these common home buyer mistakes

Homeownership is one of the central tenets of contemporary life. Most of us dream of a familiar, comfortable place to call our own, and buying a home is gives us our own piece of the American Dream.

But until and unless you’ve been through the process several times, there are plenty of mistakes many people make on their journey to property ownership.

If you’ve made any of these yourself, don’t feel bad — it can happen to the best of us. And if you’re a home buyer who wants to get ahead of the curve, take a look at the following things not to do when buying a home… so when it’s time to pull the trigger, you’ll be ready to go!Continue Reading

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Nearly half of offers in the U.S. are being made sight unseen

Nearly Half Of Offers In The United States Are Being Made Sight Unseen

When COVID-19 first hit, much of the country was under stay-at-home orders, which made it impossible for buyers to get out and see potential homes in person. And while stay-at-home orders have been lifted in most places, many buyers are still wary about hitting open houses or touring homes in person.

But, as it turns out, that’s not stopping them from actually buying homes; in fact, many offers are being made sight unseen!Continue Reading

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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and full-time 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