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  • Keller Williams Southern Arizona - Jones Real Estate Team Blog

    Monday, August 20, 2018   /   by Traci Roberts Jones

    The Net Worth of a Homeowner is 44x Greater Than A Renter!

    Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released.


    The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).


    These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.


    Owning a home is a great way to build family wealth


    As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home.


    That is why, for the fifth year in a row, Gallup reported that Americans picked real estate as the best long-term investment ...

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    Friday, August 17, 2018   /   by Traci Roberts Jones

    How to Make Tucson Your Home Away From Home

    Congrats! You're living in one of the oldest cities in the United States. People have been "bearing down" here for more than 4,000 years, even before you got in the Chipotle line! Tucson has a ton of history ... and guess what, it's pretty freaking cool in 2018.


    Like you, we spent our first year here in and out of the Student Union. Italian food meant Three Cheeses and a Noodle (old millennial nostalgia joke ??). Sometimes we would go to the mall and eat at the Olive Garden, it was that bad. It took almost a decade to really see what we were missing. But we appreciate it now: Tucson is an incredibly special place. Don't waste your opportunity to get to know it. 


    Below, we've put together a list of special Tucson places. These stores, restaurants and attractions all have culture that you can't find anywhere besides the Old Pueblo. To make it easier, we've organized the selections by distance from the University of Arizona. We have places you can walk to, spots you ca ...

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    Thursday, August 16, 2018   /   by Traci Roberts Jones

    The Wave of Millennial Homebuyers Continues to Swell

    Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream.


    Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that they do not aspire to still achieve those things.


    For older millennials (aged 25-34) who have established themselves in their career and are starting to build their families, homeownership is the next logical choice.


    According to the Urban Institute’s State of Millennial Housing, the probability of a millennial becoming a homeowner increases by 17.9% if they are married, and by an additional 6.2% if they have children.


    Last year, according to the US Census Bureau, the average age at first marriage was 30 for men and 27 for women, while the National Association ...

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    Thursday, August 16, 2018   /   by Traci Roberts Jones

    This Weekend in Tucson 8/17 - 8/19

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    Saturday, August 11, 2018   /   by Traci Roberts Jones

    5 Reasons to Hire a Real Estate Professional Before Entering the Market!

    Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal!


    The 5 reasons you need a real estate professional in your corner haven’t changed but have rather been strengthened by the projections of higher mortgage interest rates and home prices as the market continues to pick up steam.


    1. What do you do with all this paperwork?


    Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true real estate professional is an expert in his or her market and can guide you through the stacks of paperwork necessary to make y ...

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