What's Normal??

Over the last 5-6 years the Real Estate market has been a real rollercoaster ride.

It saddens me that there are some out there that blame it on the REALTOR® --- Not that some may have had a hand in it, but the most of us just got caught in the act of trying to help our clients get a house.  It was pretty much the mirror test, (if you held a mirror up and fogged it, you got a loan.  But thank God those days are gone.  I just hope we have all learned something so we don't repeat again.

Which is what is troubling me now in the light of the multiple offers  on a property.  Understandable in that there aren't as many out there as need be to have a healthy inventory, but is it going to again inflate home values??

In a lot of ways, it is getting to be "normal" -- foreclosures are way down, and short sales do not out number the traditional sales, but we are still a work in progress with this.

Below I've attached a link that might give a little more insight

http://arizona.newszap.com/northvalley/123927-114/report-phoenix-housing-market-approaching-normalcy

Have a Great Week!

Joanne

First Time Buyers "Need to Know Stuff"

Here we go again-- You have decided to jump into the game and find a house, only to be out bid on mulitple offers again and again.

In the hopes that you have gotten it all together before you've started looking, you should have already contacted a lender to see just how much house you can start with; but just incase you haven't here is an article on some steps you should do before hand:

http://www.investinganswers.com/personal-finance/homes-mortgages/4-sure-fire-steps-finding-lowest-mortgage-rate-possible-6228

It's going to get better in the housing market, as the inventory has been rising at a good pace, and people are starting to see that they aren't upside down.

Keep looking, be ready, and when you find something---- move fast.