Steve Halen | R&S Premier Homes Blog

Monday, April 15, 2024   /   by Steve Halen

What Are Buyer’s Agents Fees?

What Are Buyer’s Agents Fees?
June 21, 2023 By Bill Gassett



Share
Tweet
Pin18
Flip
Share
Buffer31
Email
49SHARES

When embarking on the journey of purchasing a home, many buyers often enlist the assistance of a buyer’s agent.
Buyer’s agents play a crucial role in helping buyers navigate the complex real estate market and secure the best possible deal.
However, it’s essential to understand the concept of buyer’s agent fees before agreeing.
We will delve into the details of buyer’s agent fees, explaining what they are, how they work, and why they are worth considering.
What is a Buyer’s Agent?
Before explaining buyer agent fees, you should understand what a buyer’s agent is and what they do. A buyer’s agent works with home buyers as their fiduciary. They are emboldened to the buyers as their trusted advisor and confidant.
A buyer’s agent functions as someone who is in your corner thro ...

Wednesday, November 22, 2023   /   by Steve Halen

Home Prices Still Growing – Just at a More Normal Pace

If you’re feeling a bit muddy on what’s happening with home prices, that’s no surprise. Some people are still saying prices are falling, even though data proves otherwise. Part of that misconception is because people are getting their information from unreliable sources. But it’s also coming from some media coverage misrepresenting what the data really shows.

So, to keep things simple, here’s what you really need to know using real data you can trust.

Normal Home Price Seasonality Explained

In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality. Spring is the peak homebuying season when the market is most active. That activity is typically still strong in the summer but begins to wane as the cooler months approach.

Home prices follow along with seasonality because prices appreciate most when something is in high demand. That’s why there’s a reliable lo. ...

Wednesday, October 25, 2023   /   by Steve Halen

30-year fixed-rate mortgage trends over time

For some perspective on today’s mortgage interest rates, here’s how average 30-year rates have changed from year to year over the past five decades.



Year
Average 30-Year Rate
Year
Average 30-Year Rate
Year
Average 30-Year Rate


1975
9.05%
1991
9.25%
2007
6.34%


1976
8.87%
1992
8.39%
2008
6.03%


1977
8.85%
1993
7.31%
2009
5.04%


1978
9.64%
1994
8.38%
2010
4.69%


1979
11.20%
1995
7.93%
2011
4.45%


1980
13.74%
1996
7.81%
2012
3.66%


1981
16.63%
1997
7.60%
2013
3.98%


1982
16.04%
1998
6.94%
2014
4.17%


1983
13.24%
1999
7.44%
2015
3.85%


1984
13.88%
2000
8.05%
2016
3.65%


1985
12.43%
2001
6.97%
2017
3.99%


1986
10.19%
2002
6.54%
2018
4.54%


1987
10.21%
2003
5.83%
2019
3.94%


1988
10.34%
2004
5.84%
2020
3.10%


1989
10.32%
2005
5.87%
2021
2.96%


1990
10.13%
2006
6.41%
2022
5.34%



Source: Freddie Mac ...

Tuesday, September 5, 2023   /   by Steve Halen

Mortgage Rates Finally Drop

(Getty Images)


TRENDS
Mortgage Rates Finally Drop—but Is It Enough To Revive the Fall Housing Market?
 By Margaret Heidenry
Sep 1, 2023
EnvelopeFacebookTwitterLinkedinPinterest




After rising for an alarming five weeks straight, mortgage rates have at long last cooled a bit.
For the week ending Aug. 31, rates for 30-year fixed-rate loans averaged 7.18%, according to Freddie Mac. That’s a welcome drop from last week’s 22-year high of 7.23%, but rates are still formidable enough to discourage many homebuyers from shopping—and homeowners from selling.
“Today’s buyers are facing still-high home prices, limited for-sale inventory, and decades-high mortgage rates,” Realtor.com® economist research analyst Hannah Jones says in her analysis. At the same time, “sellers are hesitant to sell as it would mean giving up a lower mortgage rate in exchange for a higher one.&rdq ...

Tuesday, September 5, 2023   /   by Steve Halen

Why It’s Still a Seller’s Market Today

Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house?

The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market. It’s also measured by months’ supply, meaning the number of months it would take to sell all those available homes based on current demand. In a balanced market, there’s usually about a six-month supply. Today, we have only about 3 months’ supply of homes at the current sales pace (see graph below): 

As the visual shows, given the current inventory of homes, it’s still . ...
AZ Dream Home Search
21321 E Ocotillo RD Suite 113
Queen Creek, AZ 85142
Designated Broker/ Owner Steven Halen
480-253-0071
steve@azdreamhomesearch.com


Sell Your Home




© 2024 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Steve Halen - R&S Premier Properties are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. April 24, 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Steve Halen - R&S Premier Properties are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved.
This site powered by CINC: www.cincpro.com