Latest Jobs Report: What Does It Mean for You & the Housing Market?

Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%. What…

Don’t Sell on Your Own Just Because It’s a Sellers’ Market

In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes…

Why This is Still Not Like the Last Shift

Last May, we shared with you why the current market is not like the last shift. As Covid ramped up last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a…

Town Council approves residential community project – northeast Gilbert

Developer Lennar Arizona proposed a community project for 476 homes covering an area of 94.2 acres near Recker and Warner roads. Town Council already approved Phase 2 of Warner Meadows for 163 townhomes.  Project proposals had been rejected over the…

Fulton Homes begins 550-acre master-planned community for 1,700 homes

Considered as Arizona’s largest homebuilder, Fulton Homes had started building on a 550-acre community to reside 1,700 homes with 114 acres of open spaces. There will be recreational activities such as catch and release fishing, small boat launching and many more due…

What Record-Low Housing Inventory Means for You

The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available…

What Happens When Homeowners Leave Their Forbearance Plans?

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners…

Owning a Home Is Still More Affordable Than Renting One

If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor…

How Does the Current Market Compare to the Housing Bubble?

This year has been a year of relative uncertainty for what lies ahead – with COVID-19 we’re in an unprecedented time. In conversations with people, we’re finding that many consumers are drawing comparisons to 2005, but industry professionals aren’t. They’re…

DR Horton Buys First Chunk of Superstition Vistas Parcel for $245.5m

DR Horton cast the winning bid in a state land auction to purchase the first 2,800 chunk of the Superstition Vistas tract just east of the Eastmark area of Southeast Mesa. The planned Superstition Vistas area is larger than Mesa,…