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New Law Banning Cellphones While Driving Implemented

by Melissa Dierks

New Law Banning Cellphones While Driving Implemented

According to the National Safety Council, cell phone use while driving leads to 1.6 million crashes annually. Texting while driving is six times more likely to cause an accident than driving under the influence of alcohol is. One out of every four traffic crashes that occur in the U.S. are caused by cell phone usage. This startling data may be one of many reasons why a new law banning the use of cellphones while driving went into effect in Surprise this month, making it the latest city to attempt regulation rather than wait for a state effort.

Surprise officials put an ordinance banning talking, texting or anything involving a handheld communication device into effect last week, the Arizona Republic reported. Police will generally issue warnings only for the first thirty days of the new law, said Surprise police Sgt. Tim Klarkowski. After that, the fines will begin. The fine is $250 on the first offense. The law prohibits talking on a cellphone, sending a text message or otherwise using a hand-held communications device while driving in the city, unless the device is in hands-free mode.

City leaders were cautious when enacting the outright ban, fearing that it could make the city a target of the state Legislature, which has been enacting local pre-emption laws on many subjects. But Surprise Mayor Sharon Wolcott said the Arizona League of Cities and Towns believed the law could be imposed.

Lawmakers have gone back and forth on cellphone bans in cars for more than a decade. Earlier this year, legislation banning drivers’ cellphone usage was shot down gained approval in the Senate but died in the House.

The lack of a state law has led to a mishmash of different ordinances across jurisdictions. Tucson, Sedona and Oro Valley currently prohibit handheld cellphone use while behind the wheel. Meanwhile, Phoenix, Flagstaff and Fountain Hills only prohibit texting while driving.

Drivers, please make sure your cellphones are tucked away when crossing into Surprise city limits, and as always, please drive safe!

Melissa Dierks

The Regal Team of RE/MAX Professionals

7111 W Bell Road, Suite 101

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

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Don’t Fall for Package Delivery Notification Scam

by Melissa Dierks

Don’t Fall for Package Delivery Notification Scam

Jae Herron, a Valley homeowner says she recently found a notice on her front door, implying she had missed a delivery. Like a lot of consumers, Herron likes to shop and buy online. She says getting packages dropped off at her home happens fairly frequently. So, when she came out of her front door and found a notice saying, "Sorry we missed you" from a company called "Valley Delivery," it got her attention.

But when she called the number on the notice and that's when felt something wasn't quite right. They proceeded to ask her for her date of birth and she said no. Herron says she then grew even more suspicious as the representative kept asking more personal questions, so she hung up and reported the fraud. According to the Better Business Bureau, a company by a similar name, Nu Home Promotions, was told to "modify misleading advertising practices.” Herron says she’s not surprised and wants others to be aware.

This isn’t the first time this package delivery notification scam has happened in the Valley. Earlier this year, Dave Sollis, a homeowner in Surprise said fake delivery people had been hounding him from the same company that's not actually delivering packages, but rather delivery notices aimed at data mining, according to the company's fine print. Sollis said a fake delivery man visited his home at around 5 a.m. one day, leaving a fake delivery notice. Sollis looked up Valley Delivery online and decided it wasn't a legitimate delivery company.

Valley Delivery has done business under several different names. They have a bad record with the Better Business Bureau and have been the target of past investigations looking into their shady marketing practices. 

The Better Business Bureau warns that scammers often impersonate well-known shippers or steal the identities of popular retailers to appear more legitimate. If you really did miss a delivery, the driver will leave a ticket at your door to arrange for a later delivery or for you to pick up the package. If you or someone you know has been a victim of delivery notice fraud please report the incident to the Attorney General, Better Business Bureau or contact the local, state or Federal regulators most likely to have answers to your questions here.

Melissa Dierks

The Regal Team of RE/MAX Professionals

7111 W Bell Road, Suite 101

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

Follow us on Facebook!

JUST REDUCED!!! Beautiful Upgraded Home in the Heart of Glendale for Sale

Beautiful upgraded home in the heart of Glendale with no HOA and appraised at $520,000! As you walk through the custom iron gate with the saltillo tile entryway, you'll find this 4 bedroom, 2.5 half bath home upgraded throughout. It has been freshly painted both inside and out. When you walk in through the front door, the gorgeous planter is there to great you with vivid colors and water feature! The kitchen is fully remodeled with new cabinets, granite countertops, and Samsung stainless steel appliances. The breakfast nook is nestled in a bay window with built-in custom bench seating and views of the backyard. The spacious master bedroom has a walk-in closet with built-ins and remodeled bathroom which has custom mirrors, upgraded vanity, granite counters, travertine floors and shower.

Don't miss the added game/bonus room which has cabinets for storage, wine bar and plenty of room to create the perfect entertainment area. This would also make a great office should you have a need for it! The backyard is an entertainers dream with a saltillo tile covered patio, pebble-tec diving pool with rock waterfall, above ground acrylic spa, second sitting area with fireplace, built-in BBQ, firepit, sink, burners, mini-refrigerator and lighting for the perfect evening.

The detached 30 x 40 (1,200 square foot) garage / workshop is equipped with a high ceiling, roll-up RV height door, cabinets, wired for 220 and 110, and is piped for water. Holds three cars easily! There is also RV covered parking in the back of it. Additional upgrades include plantation shutters, new carpet throughout, wine rack/bar, Game/bonus room, keyed security gates and so much more.

If you’d like to make this beautiful upgraded home in the heart of Glendale yours, please contact the Regal Team today and schedule a viewing appointment to see 6034 W Michelle Dr. Glendale, AZ 85308 or any of our current featured listings.

Melissa Dierks

The Regal Team of RE/MAX Professionals

7111 W Bell Road, Suite 101

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

Follow us on Facebook!

RE/MAX Professionals Celebrates August as the Month of Miracles

by Melissa Dierks

RE/MAX Professionals Celebrates August as the Month of Miracles 

Giving back is a priority in the RE/MAX culture. All over the world, RE/MAX agents make a difference in their communities - volunteering, donating money, contributing time and ultimately changing lives.

Children’s Miracle Network Hospitals (CMN Hospitals) raises funds and awareness for 170-member hospitals that provide 32 million treatments each year to kids across the U.S. and Canada. Donations stay local to fund critical treatments and healthcare services, pediatric medical equipment and charitable care.

We are excited to announce that our offices will be participating in our fourth annual “Month of Miracles” throughout the month of August. This is a month-long fundraising event is designed to raise much-need money to support our local Phoenix Children’s Hospital as well as raise awareness in our community.

“Children’s hospitals depend on local donations — like those from RE/MAX agents participating in Miracle Home and Miracle Property programs — to provide the top-of-class care kids deserve,” said John Lauck, president and CEO of Children’s Miracle Network Hospitals. “On behalf of the millions of families impacted by RE/MAX donations, we appreciate each agent’s efforts and thank them for truly making miracles happen in their communities all year long.”

Last year our Month of Miracles event raised over $15,000 and our office made a total contribution to Phoenix Children’s Hospital of $44,160.20! We were recognized by RE/MAX LLC for being the highest contributing office in the Southwest Region (Arizona, Nevada and New Mexico) to the Children’s Miracle Network, and our local Phoenix Children's Hospital!

Each donation helps fund pediatric medical equipment, treatments, charitable care and other healthcare services for local CMN hospitals. As the contributions continue to grow, we are able to aid a larger number of sick and injured children – which is something we take great pride in being able to do for our community.

Please help us reach out goal of ONE MILLION PENNIES for the “Month of Miracles” in August, 2018. You can drop by any one of our four offices to participate in our fundraising efforts, or contact the Regal Team and we’ll be happy to pick up your donation.

On behalf of all the kids at Phoenix Children’s Hospital, we thank you in advance for your support in helping us achieve this goal for our community!

Sincerely,

Melissa Dierks

The Regal Team of RE/MAX Professionals

7111 W Bell Road, Suite 101

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

Follow us on Facebook!

10 Ways to Save on Utility Bills This Summer

by Melissa Dierks

Now that the weather is beginning to warm up, it’s time to start thinking about ways to save on utility bills and energy costs before you’re shocked by your first big bill this summer. Luckily, there are many steps you can take to prepare your home (and your wallet) for the summer heat without sacrificing comfort. So, before you crank up the AC, take a look at our top ways to save on utility bills this summer. Your budget will thank you!

1. Get Your HVAC System Ready

Is there anything worse than a broken HVAC system in the summer? The good news is you can avoid this nightmare by taking precautions and getting your HVAC ready for summer. First, you’ll want to clean or change the air filters as dirty or clogged filters force your air conditioning system to work much harder, which in turn causes more wear and tear in the long-run. You’ll also want to inspect your outdoor unit for any visible signs of damage such as warped panels, torn insulation or rust. In the colder months, small animals may nest inside the insulation so you’ll want to inspect the inside as well. Taking these steps to ensure your AC unit is working efficiently will help keep your energy bills low this summer.

2. Clean Air Filters and Vents

Many homeowners make the mistake of closing off vents in rooms that are not being used, but closing vents causes more pressure in the ducts causing your air conditioner to work much harder. Before you turn the AC on this summer, open all the vents and give them a nice cleaning.

3. Keep Blinds Closed

Did you know that keeping your blinds closed during the day can drastically reduce the heat in your home? Keeping them open causes a greenhouse like effect—sunlight and heat pour in all day and can’t get out, making your home much warmer and causing your air conditioning to work over-time, which in turn will spike up your power bill.

4. Lower Your Utility Rates

Do you live in a deregulated energy region? If so, you have the power to choose your energy provider and can shop around for the lowest energy rates. If you haven’t researched your options in a while, summer is the perfect time to reevaluate your current energy provider and find out if there is a cheaper rate out there. Many deregulated energy providers offer special promotions in the summer, like “free nights,” so you should definitely check out what else is out there. To see if you live in a deregulated area, just enter your address here.

5. Time Your Thermostat

If you want to be cost conscious this summer, you shouldn’t blast your air conditioning at all hours of the day. A lower temperature setting at night and a higher setting during the day is recommended for optimal cost savings. If you’re forgetful or aren’t always around to change it, we recommend installing a programmable thermostat that allows you to schedule your temperature changes even when you aren’t home.

6. Switch to LED Bulbs

While incandescent light bulbs are cheap, they use more energy and produce quite a bit of heat compared to LED bulbs. LED bulbs tend to be a little more expensive than incandescent lights, but they last longer, produce less heat and create great energy savings in the long run. So, consider making the switch the LED lights, at least in the rooms you use most, to help lower your utility bills this summer.

7. Buy a Water Cistern

If you don’t know, a water cistern is a device that captures rain water and stores it for you to use to water your garden or lawn, to wash your car, etc. Your water bill can get out of hand in the summer as you spend more time outdoors, so a water cistern is a great investment if you want to keep your garden and lawn green all summer long without paying for extra water use.

8. Use Your Ceiling Fan

In the warmer months, you should run your ceiling fans counter-clockwise. Since heat rises, the counter-clockwise motion will help pull the cold air up toward the ceiling. Running your ceiling fan efficiently will help cool your rooms, allowing you to set your thermostat to a higher temperature, ultimately reducing your power bill.

9. Invest in Smart Power Strips

Connecting multiple appliances to a smart power strip that can be turned off with only one flip of a switch at night when the devices aren’t being used is a quick and easy way to help reduce energy waste. When you don’t have to unplug all your devices individually, saving energy suddenly becomes much easier!

10. Don’t Use an Irrigation Schedule

Irrigation schedules or timers that you can set to schedule when your garden or lawn will be watered sound nice in theory, but they actually produce quite a bit of water waste. You can’t control when it rains, and you may not be home to stop your irrigation system from going off when it does. Watering manually may seem like a chore, but when you think about all the money you can save from reducing water waste, manual watering becomes more appealing.

Don’t let the first utility bills of summer sneak up on you. Be proactive and implement our tips, we promise they’ll help you save big on your utility bills this summer!

Source: blog.rismedia.com

If you're looking to buy, sell, or invest in the Phoenix or surrounding area, CALL The Regal Team Today.

 

Melissa Dierks, Owner of The Regal Team of RE/MAX Professionals

Certified Military Residential Specialist

RE/MAX Hall of Fame

Direct: 623-229-0154

Email: melissa@theregalteam.com

The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since hitting a 50-year low in 2016. The homeownership rate in the first quarter of 2018 was 64.2%, higher than last year’s 63.6%.

Homeownership: "A Man Is Not a Complete Man, Unless He Owns a House" | MyKCM

Chief Economist, Dr. Ralph McLaughlin, in his VUE Blog gave these new homeownership numbers some context:

“The trend is clear: the homeownership rate has been ticking up for five consecutive quarters, and the number of new renter households has fallen for four consecutive quarters. Owner-occupied households grew by 1.345 million from a year ago, while the number of renters actually fell by 286,000 households. 

The fact that we now have four consecutive quarters where owner households increased while renter households fell is a strong sign households are making a switch from renting to buying. This is a trend that multifamily builders, investors, and landlords should take note of.” 

 In a separate article comparing the rental population in America to the homeowner population, Realtor.com also concluded that the gap is now shrinking:

“The U.S. added 1.3 million owner households over the last year and lost 286,000 renter households, the fourth consecutive quarter in which the number of renter households declined from the same quarter a year earlier. That could pose challenges for apartment landlords, who are bracing this year for one of the largest infusions of new rental supply in three decades.” 

 America’s belief in homeownership was also evidenced in a survey conducted by Pew Research. They asked consumers “How important is homeownership to achieving the American Dream?”

 The results:

 

  • 43% said homeownership was essential to the American Dream
  • 48% said homeownership was important to the American Dream
  • Only 9% said it was not important

 

Bottom Line

Homeownership has been, is, and always will be a crucial part of the American Dream.

Source: Keeping Current Matters and additional source links above

If you're looking to buy, sell, or invest in the Phoenix or surrounding area, CALL The Regal Team Today.

 

Melissa Dierks, Owner of The Regal Team of RE/MAX Professionals

Certified Military Residential Specialist

RE/MAX Hall of Fame

Direct: 623-229-0154

Email: melissa@theregalteam.com

Just when you thought the housing market couldn’t get any hotter, the prospect of rising mortgage rates had buyers even more frenzied in March, according to a report out Friday. 

The monthly survey of real estate agents from Credit Suisse showed that an index of buyer traffic around the country rose 2 points to 50, on a scale where 50 indicates a neutral reading. As always, there was great regional variety, but as Credit Suisse put it, agents’ commentary “remains centered on pent-up demand, especially in more affordable price points, given the persistent inventory shortage.”

The threat of rising mortgage rates is also starting to be felt. That “got many buyers off the fence,” as one survey respondent in Houston said. In 36 metro areas Credit Suisse surveys, 23 said incoming rate increases were motivating buyers. Still, as one Seattle real estate agent put it, “Rate increases are causing a sense of urgency, but there is not enough inventory to sell.”

And Credit Suisse also made note of a theme that’s starting to gain as much traction as the notion of scarce inventory: “In several markets spanning the Southern U.S., agents noted in-migration – driven by employment and lifestyle changes – is supporting ongoing gains in traffic as we move into spring.” That’s a theme MarketWatch has covered recently. 

ReadAmerica’s new great migration in search of lower property taxes

And for buyers who can’t move across the country for more reasonable prices, Credit Suisse’s survey found more house-hunters going back to a tried-and-true way of landing more affordable housing. What they call “a greater willingness among buyers to move further out to the periphery” was known as “driving until you qualify” a decade ago. 

Here are some selected local highlights from the March survey, along with Credit Suisse’s proprietary traffic index data for each.

City Traffic index Comments
Boston 36

“Continued shortage of available inventory is leading some buyers to abandon their search.” 

“Rising prices and the uptick in interest rates are pushing the bottom tier out of the marketplace.” “Buyers looking at homes in further out areas in order to compete with rising rates.” 

Chicago 38 “First-time and move-up buyers are coming on strong while the luxury buyers are languishing.” 

“Buyer optimism amidst low levels of inventory.” 

Denver 46

“Prices being bid up well beyond the list price.”

Fort Myers 50

“Clients appear to feel more confident in the economy.” 

“Colder weather in the Northeast states driving more snowbirds to the area.”

Houston 54

“Continued corporate relocations to the area.”

Inland Empire, California 25

“Rates causing buyers to purchase smaller or older homes, or move further out.” 

“Buyers will purchase what they can afford given rising rates; homes will be smaller and locations outside of previously considered areas.”

Jacksonville 75

“Good economy and still affordable price points.” 

“Corporate growth in the area.”

Las Vegas 38

“Open house traffic much higher than last year and more interest in entry level homes.” 

“People moving to the county in droves!” 

“Higher prices and shortage of available inventory.”

Miami 30

“Lenders tight on buyer qualifications and property conditions.”  

“First-time buyers concerned over rising rates although higher end buyers more motivated to purchase.”

Minneapolis 63

“Clients that have been dragging their feet now cannot afford as much.”

Nashville 21

“More people moving into the area.” 

“Seeing an increase in seller paid closing costs and additional financial assistance on behalf of buyers.”

New York-Northern New Jersey 47

“Many buyers interested in purchasing homes outside the state, in places like North Carolina.”

Phoenix 71

“Buyers willing to go further out to get a larger home.”

Raleigh 67

Lack of inventory and frenzied buying.” 

“Some buyers moving towards variable rate mortgage products offered by credit unions.”

Sacramento 77

“More people and companies moving to the area.” 

“Buyers are lowering their expectations, sacrificing either square footage or location to meet price points.”

San Antonio 60

“Retirees looking to move to the area due to the climate and the fairly low cost of living.” 

“Buyers qualifying for lower amounts.”

San Diego 46

“Buyers more concerned with HOA fees than rates.” 

“Seeing movement to lower priced areas if anything is available.” 

“Buyers willing to move further from the city.”

Virginia Beach 50

“Large influx of low quality new construction which is outperforming the sales of existing homes.” 

“Buyers having sticker shock over rising home prices.”

If you're looking to buy, sell, or invest in the Phoenix or surrounding area, CALL The Regal Team Today.

 

Melissa Dierks, Owner of The Regal Team of RE/MAX Professionals

Certified Military Residential Specialist

RE/MAX Hall of Fame

Direct: 623-229-0154

Email: melissa@theregalteam.com

Source:  Keeping Current Matters and all references above

What to Do With All That Stuff

by Melissa Dierks

piles of household stuff
 

It seems everywhere you turn, there’s a new message on the many benefits of decluttering. One of the trend’s best-known spokespersons is Marie Kondo, whose first book, The Life-Changing Magic of Tidying Up,extolls the virtues of having fewer belongings and more space to showcase the things that spark joy.

A more sobering aspect of this movement has been revealed more recently in the form of “Swedish Death Cleaning,” which involves getting rid of anything you don’t need any more so as to relieve others of the task of discarding it after you’ve passed on. Margareta Magnusson, author of The Gentle Art of Swedish Death Cleaning: How to Make Your Loved Ones’ Lives More Pleasant, says the practice offers a soft underlying message of care for one’s heirs.

Truly effective—and lasting—decluttering is a multistep process. The elements will vary depending on each client’s situation, but here are tips on how you as a real estate pro can help them reduce the stress of the task. You may even find them helpful for your own space.

1. Consider the downsizers. Whether you’re helping them buy or sell, clients who are hoping to reduce the amount of living space they require may look to you as a cheerleader and adviser. They may find it tempting to put off those difficult decisions about what to keep and what to ditch until after the move, but if you can help them focus on what realistically can fit in their new home, that could save them significant money in moving costs, according to Barry Izsak, an organizer and moving expert based in Austin, Texas. This is an especially important factor for those moving long distances. Such clients may also need to be reminded to think about the climate they’re relocating to. Snowbirds are not likely to need an extensive winter wardrobe and should retain only a few items for visits back North or travel to cold-weather locations.


2. Know when to suggest professional help. Homeowners who can’t handle the task on their own should consider bringing on a certified member of the National Association of Professional Organizers or someone with many years of experience, says Izsak. As the former president of NAPO, he says the national hourly rate typically charged by members hovers between $50 and $100. Rhea Becker—who, as the Clutter Queen, offers organizing services for homes and offices in Boston—says many of her clients appreciate how professionals speed up the process by keeping them focused on maximizing profits and avoiding digressions over each object’s history. “With a professional, you have the best chance to cut the time and get some money on the table since they know what will sell,” she says.

3. Assemble a toolbox of local resources to share. Whether or not your clients decide to bring in a professional, it helps to categorize each item in a given area into one of five groupings: keep, store, sell, donate, or toss. Izsak says the litmus test he uses and shares with clients is to save an object only if it fits one of these three criteria: It’s useful, beautiful, or loved. Becker suggests homeowners snap photos of favorite items that are difficult to part with to give them a visual memory they can retain rather than keeping the item itself. Here’s specific help you can offer them for each pile:

  • Sell. Midcentury modern furniture and contemporary art both appeal widely to buyers of all ages, especially if they’re good quality and in decent condition. Create a list of estate sales specialists and consignment shops in your area that are known for fair dealing. However, be aware that many services that do the work of selling take a big cut, often half the sales price. If your clients are inclined to try to sell items themselves, suggest they try eBay for the best prices. However, if they’re not willing to go through the trouble of shipping sold items, encourage them to post goods on hyperlocal online sites, such as neighborhood Facebook groups or Craigslist.
  • Donate. Remember the adage, “One person’s trash is another’s treasure.” Suggest to older clients that they first ask their children to claim beloved items from their childhood. Becker says it’s important to set a time limit for those who are interested to pick up what they want. Donations is another area where you can be a hero by compiling a list of trustworthy sources in your neighborhood for your clients. Take note of what charities will accept and when, and even which ones will pick up donations, saving your clients time and hassle. Some charities have gotten choosier about what they accept. For instance, many won’t take mattresses, box springs, pillow cases, or sheets. Real estate salesperson Christopher Flores with Keller Williams Larchmont in Los Angeles suggests a local halfway house that helps troubled young adults stabilize their lives as a great destination for used goods. “That way they provide furniture and clothing they don’t need to those who may have nothing,” he says. Remind sellers that they may be able to secure a tax donation from the IRS if they contribute to a qualified tax-exempt organization. Because of recent changes in the tax code, it’s best for clients to keep detailed notes of what they donate and to consult their tax adviser for the exact percentages they will be able to write off.
  • Toss. While clients may be able to deposit a fair amount of stuff in their garbage cans for pick-up or take unwanted items directly to their local dump, they may save themselves some work by calling a local trash-hauling company or 1-800-GOT-JUNK, which operates nationwide. You can be a resource for clients by noting how much junk haulers charge and if there’s any products they won’t take. Homeowners can also consult HomeAdvisor’s list of trash-hauling service providers by ZIP code. Also, it’s important to be aware of laws governing trash. Some municipalities also allow homeowners to leave stuff by the curb with a sign “please take me,” while others levy fines for such activity. A more organized version of this idea comes in the form of local Freecycle chapters, part of a grassroots nonprofit where local people post stuff for free pickup in their own towns to help keep usable goods out of landfills.
  • Store off-site. It may be tempting to store certain household items off-site. Because the self-storage industry is growing, most neighborhoods or towns offer multiple choices. In fact, 84 percent of all U.S. counties have at least one self-storage facility, according to the Self-Storage Association. Suggest clients pick one that offers locked, insured, climate-controlled cubicles, which they can access whenever they want. Prices can vary widely. A storage facility in Staatsburg, N.Y. offers a 5-foot-square cubicle for $45 with a discount for college students. Michael McAlhany’s Units Moving and Portable Storage, headquartered in Charleston, S.C., charges an average of $140 a month for an 8-foot-by-16-foot unit in 14 states across the country. His company will bring a portable storage unit to a home or apartment, so owners can pack there rather than transport everything to the facility. However, remind clients that this isn’t a great long-term solution, as months can easily extend into years and even decades. “Often storage is a matter of postponing the inevitable. It’s better to get rid of whatever you don’t need,” Izsak says.

If you're looking to buy, sell, or invest in the Phoenix or surrounding area, CALL The Regal Team Today.

 

Melissa Dierks, Owner of The Regal Team of RE/MAX Professionals

Certified Military Residential Specialist

RE/MAX Hall of Fame

Direct: 623-229-0154

Email: melissa@theregalteam.com


Source:  Keeping Current Matters and additional source links above


5 Home Improvement Personality Types

by Melissa Dierks

A homeowner’s personality can have a big influence on their behavior when it comes to home improvement projects, according to a new survey by the Home Projects Council, a group of home improvement experts that aims to help homeowners improve their property values. 

The Home Projects Council identified the following five home improvement personality types: The Sensible Improver, the Project Planner, the Reliable Renovator, the Visionary, and the Extrovert. 

To identify the personality types, the council gave more than 1,100 homeowners a personality test along with a survey about their recent or planned home improvement projects. 

“It is very common to segment home improvement attitudes and behavior by demographic factors, but by using a well-established model of personality, the Big Five, we were able to confirm a direct relationship between home improvement and personality types,” says Fred Miller of Consumer Specialists, who conducted the research.

Source: Home Projects Council

If you're looking to buy, sell, or invest in the Phoenix or surrounding area, CALL The Regal Team Today.

 

Melissa Dierks, Owner of The Regal Team of RE/MAX Professionals

Certified Military Residential Specialist

RE/MAX Hall of Fame

Direct: 623-229-0154

Email: melissa@theregalteam.com


Source:  Keeping Current Matters and additional source links above

A New Housing Bubble Forming…Not Before 2024!

by Melissa Dierks

 

A New Housing Bubble Forming…Not Before 2024! | MyKCM

A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are concerned that this is evidence we may be on the verge of another housing “boom & bust” like the one we experienced from 2006-2008.

 Recently, several housing experts weighed in on the subject to alleviate these fears.

 Sean Becketti, Freddie Mac Chief Economist

  “The evidence indicates there currently is no house price bubble in the U.S., despite the rapid increase of house prices over the last five years.”

 Edward Golding, a Senior Fellow at the Urban Institute’s Housing Finance Policy Center

  “There is not likely to be a national bubble in the way that we saw the first decade of the century.”

 Christopher Thornberg, Partner atBeacon Economics

  “There is no direct or indirect sign of any kind of bubble.”

 Bill McBride, Calculated Risk

 “I wouldn’t call house prices a bubble.”

 David M. BlitzerChairman of the Index Committee at S&P Dow Jones Indices

  “Housing is not repeating the bubble period of 2000-2006.”

A recent article by Teo Nicolais, a real estate entrepreneur who teaches courses on real estate principles, markets, and finance at Harvard Extension School concluded that the next housing bubble may not occur until 2024.

The articleHow to Use Real Estate Trends to Predict the Next Housing Bubble, looks at previous peaks in real estate values going all the way back to 1818. Nicolais uses the research of several economists. The article details the four phases of a real estate cycle and what defines each phase.

Nicolais concluded his article by saying:

“Those who study the financial crisis of 2008 will (we hope) always be weary of the next major crash. If George, Harrison, and Foldvary are right, however, that won’t happen until after the next peak around 2024.  

 Between now and then, aside from the occasional slow down and inevitable market hiccups, the real estate industry is likely to enjoy a long period of expansion.”

Bottom Line

The reason for the price appreciation we are seeing is an imbalance between supply and demand for housing. This has created a natural increase in values, not a bubble in prices.

Melissa Dierks, Owner of The Regal Team of RE/MAX Professionals

Certified Military Residential Specialist

RE/MAX Hall of Fame

Direct: 623-229-0154

Email: melissa@theregalteam.com


Source:  Keeping Current Matters and additional source links above

Displaying blog entries 1-10 of 30

Contact Information

Photo of The Regal Team Real Estate
Melissa Dierks
The Regal Team of RE/MAX Professionals
7111 W Bell Road, Suite 101,
Glendale AZ 85308
Direct: (623)229-0154
Office: (623)643-1092
Fax: (623)201-7562

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