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Keeping Up With the Jones' Blog

Thursday, January 10, 2019   /   by Traci Roberts Jones

The Best Time to List Your House? TODAY!

You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still a severe shortage of listing inventory in many regions of the country.


In a recent interview discussing the housing market, First American’s Chief Economist Mark Fleming put it simply:




“The biggest challenge is really the availability of supply.”



When we look at available inventory numbers released by the National Association of Realtors (NAR), we see that the actual number of homes for sale has decreased in each of the last five months.


 





What does this mean to you as a seller?


The best time to sell is when there is less competition. That guarantees you a better price and fewer hassles in the transaction.


Bottom Line  ...

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Thursday, January 3, 2019   /   by Traci Roberts Jones

This Weekend In Tucson 1/4-1/6

Friday, January 4, 2019
 
Oracle Chamber Music Festival 4:00PM
Jan. 4th-6th/$30 Per concert OR $75 for all 3 Performances/Student Tickets Free/Today Featuring the Oracle Piano Quartet/Oracle Center for the Arts 700 E. Kingston St-Oracle (623) 295-9677 for ticket info
 
First Fridays with Felicia Fundraiser to Help End Systemic Domestic Violence6:30PM - 8:30PM
Come for conversation, a bite to eat, and/or bowling (Tickets are $10 per person and include: 2 hours of bowling & Shoe rental) Golden Pin Lanes 1010 W Miracle Mile Rd. (Felicia 909-3888)
 
UofA Wildcat Hockey vs. Grand Canyon State 7:30PM
$4-$19/Buy 1 Get one Tickets/Tucson Arena 260 S Church Ave. 791-4101 
 
80's Holiday Hangover 8:00PM
$20-$22/Music by The Cured-Tribute to the Cure/Arena-Tribute to Duran Duran/Substance-Tribute to New Order/Maladjusted-Tribute to The Smiths/Rialto Theatre 318 E Congress St. 740-1000
 
Comedian Jeff Foxworthy ...

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Wednesday, January 2, 2019   /   by Traci Roberts Jones

Why You Should Not For Sale By Owner

In today’s market, as home prices rise and a lack of inventory continues, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for most sellers.


Here are the top five reasons:


1. Exposure to Prospective Buyers


According to NAR’s 2018 Profile of Home Buyers and Sellers, 95% of buyers searched online for a home last year. That is in comparison to only 13% of buyers looking at print newspaper ads. Most real estate agents have an Internet strategy to promote the sale of your home, do you?


2. Results Come from the Internet


Where did buyers find the homes they actually purchased?





50% on the Internet






28% from a real estate agent






7% from a yard sign






1% from newspapers





The days of selling your house by putting out a lawn sign or putting an ad in the ...

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Wednesday, January 2, 2019   /   by Traci Roberts Jones

Excited About Buying A Home This Year? Here’s What to Watch

As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of the real estate puzzle you need to watch carefully: interest rates & inventory.
Interest Rates
Mortgage interest rates had been on the rise for much of 2018, but they made a welcome reversal at the end of the year. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates climbed to 4.94% in November before falling to 4.62% for a 30-year fixed rate mortgage last week. Despite the recent drop, interest rates are projected to reach 5% in 2019.
The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. 
Purchasing power, simply put, is the amount of home you can afford to buy for th ...

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Thursday, December 27, 2018   /   by Traci Roberts Jones

24 Hours that Suddenly Improved the Market

This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales had decreased for several months in a row.
To many, the outlook heading into 2019 appeared dim… at best.
Then, in a 24-hour window last week, things seemed to change. On Wednesday, the National Association of Realtors’ (NAR) revealed in their Existing Homes Sales Report that home sales had INCREASED for the second consecutive month. The next day, NAR’s economic research team announced that the percentage of first-time buyers in the market was higher than last month and even higher than a year ago.
What happened to turn around the downward momentum in the market? 
You only needed to wait a few hours to find out. On the heels of NAR’s revelations, Zillow released their November Real Estate ...

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Keller Williams Southern Arizona - Jones Real Estate Team
Traci Roberts-Jones
10445 N. Oracle Rd., Ste. 220
Oro Valley, AZ 85737
520-247-8250


Nova Home Loans
Ian Brannon
3430 E. Sunrise Dr. Suite 150
Tucson, AZ 85718
520-837-9949
NMLS#205989

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