Realty Executives Phoenix
Denise van den Bossche
Denise van den Bossche
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Although there is slightly less buyer competition, the experts are still expecting home prices to appreciate, but at a more sustainable rate than the past 18 months. Click here for a 3 mimute demonstration on why it is still a great time to be a Buyer or a Seller.
Last May, the National Association of Realtors (NAR) created a Clear Cooperation policy to address the growing use of off-MLS listings. The NAR concluded that leaving listings outside of the broader marketplace excludes consumers, undermining REALTORS®' commitment to providing equal opportunity to all. The policy states:
Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants. Public marketing includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public-facing websites, brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public.
The policy however, has an Office Exclusive Exemption which allows me as a Realty Executive, to promote to all other Realty Executive agents locally and worldwide. "In an office exclusive listing, direct promotion of the listing between the brokers and licensees affiliated with the listing brokerage, and one-to-one promotion between these licensees and their clients, is not considered public advertising," according to the NAR. It benefits my clients that I am a part of a large true peer-to-peer network of REALTORS®.
The below chart shows Supply and Demand in the current housing market. In the months leading up to the crash of 2008, we saw a drastic increase in housing supply (red), and a sharp decline in demand (green) as investors were offered easy money with little-to-no skin in the game. We would need a similar surge in supply to reduce the demand in order to see a drop in housing prices today. And we would be able to see this happen statistically over a period of several months.
Maricopa County added more residents than any other county in the nation again last month according to Maricopa Association of Governments. We have 100 new "Zonies" relocating to the Valley of the Sun every day.
One thing remains constant and is even more true than ever: Your Home Equity is a significant asset in your portfolio and you deserve expert guidance. Is Now a Good Time to Buy or Sell a Home? Call Denise 602-980-0737, celebrating a 36 year career in Arizona Real Estate.