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2017 Real Estate Trends

by Joe Bourland

2017 Real Estate Trends 

Post-election concerns have left many asking questions about the 2017 real estate market. While some predict a strong economy and a healthy real estate market, others are concerned about possible interest rate hikes, and inflation issues. According to the 2017 Housing Forecast provided by realtor.com, the Phoenix-metro area is ranked number one with a projected increase of home values by 5.94 percent and a sales growth at 7.24 percent.

Will Interest Rates Go Up? President-elect Trump has not been shy about his intentions to increase interest rates, and we are already seeing that trend happening in the mortgage industry. However, higher interest rates have the potential to reduce stringent lending regulations, which could result in more credit opportunities for qualified homebuyers. It is hard to predict when the Federal Reserve will pull the trigger, and there has been speculation throughout 2016 that an increase is in fact on the horizon – but how much is yet to be seen.

Millennials Finally Commit: Millennials have replaced the baby boomers, and are now considered the largest generation in the U.S. and they are ready to buy a home. With improvements in the economy, and more employment opportunities, the millennial generation is in a better position financially to own a home—and they are finally ready to commit to homeownership. It is predicted that this group of first-time home buyers will lead the housing demand in 2017.

To Move or Not to Move, That is the Question: One trend that has contributed to the lack of available homes for sale, we will continue to see in 2017 – and that is whether or not current homeowners decide to buy up or remodel their existing property. If interest rates do in fact go up, we may see even more homeowners hanging on to their low interest rates and choosing cash in their equity to remodel instead of moving.

As with any market, we do not have a crystal ball however, we do know that owning a home is a rewarding experience both emotionally and financially. If you or someone you know is interested in learning more about buying or selling a home in the west valley, please give The Bourland Team a call today! We have the local experience that will help you make a smart, and informed decision.

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

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October Sees Near-Record Sales According to the National Housing Report 

Last month saw the second-most sales – and the smallest inventory – of any October in the 9-year history of the RE/MAX National Housing Report. Add to that combination the highest year-over-year price increase of 2016 thus far: 8.3%.

“Although October sales weren’t quite as robust as what we've tracked so far in 2016, it's only the second month this year that didn’t exceed the strong levels set in 2015. But finishing just 1 percent below October 2015 sales is still a very solid performance,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. It’s the 13th consecutive month of double-digit decline in inventory year-over-year, and that appears to have pushed prices up in all but one market.”

Despite a slight decrease in the number of transactions, this October is the second best in the history of the report. The markets with the largest increase in sales include Phoenix, AZ +12.2%, Seattle, WA +7.7%, Nashville, TN +6.9%, Milwaukee, WI +6.2%, Boise, ID +5.8% and Raleigh & Durham, NC, +4.9%.

If you would like to know more about your home values, or how much home you can afford to buy, please give us a call today.

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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Best Thanksgiving

by Joe Bourland

Best Thanksgiving 

Best Thanksgiving, by Joanna Fuchs

Thanksgiving is here, so our minds have turned
To what time has taught us, to what we've learned:
We often focus all our thought
On shiny things we've shopped and bought.
We take our pleasure in material things,
Forgetting the pleasure that friendship brings.
If a lot of our stuff just vanished today,
We'd see the foundation of each happy day
Is special relationships, constant and true,
And that's when our thoughts go directly to you.
We wish you a Thanksgiving you'll never forget,
Full of love and joy—your best one yet!
 

On behalf of everyone with the Bourland Group, we want to wish you and your loved ones a very happy, healthy and safe Thanksgiving Holiday!

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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5 Tips to Help You Enjoy Thanksgiving

by Joe Bourland

5 Tips to Help You Enjoy Thanksgiving 

It’s hard to believe the Thanksgiving holiday is just one week away! We love this time of year, and the opportunity to count our blessings over a big table of food and surrounded by our loved ones. As wonderful as traditions can be, family dynamics and other factors can lead to stress and added pounds on the scale. Here are 5 tips to help you enjoy Thanksgiving:

Don’t Starve Yourself: one tip to help you enjoy Thanksgiving is to eat a small meal before the festivities. This might sound odd, but there are plenty of us that purposely avoid eating so we have plenty of room for the feast but a small meal in the morning or a few hours before will help you eliminate a few calories.

Put on Your Sunday Best: there is something to be said about putting on a special outfit or something that makes you feel good, especially if you are heading to a potentially stressful situation. Instead of opting for the baggy sweats or an old tee sheet and jeans, why not put on your Sunday best? A boost in your confidence will help you enjoy Thanksgiving!

Go For Your Favorites First: on Thanksgiving there are definitely plenty of favorite foods that we only indulge in once a year. But do you love all of them? Why not go for your favorites first? If you are worried about tipping the scales the next day, this is a great tip to try this year.

Avoid Too Much Alcohol: nothing fuels a stressful situation like too much alcohol, and this time of year we tend to relate celebrating with heavy drinking. Opt for non-alcoholic beverages like sparkling waters or a fruity fusion drink.

Volunteer to Help Clean Up: the best way to burn off extra calories is moving our bodies. Instead of passing out on the sofa from a turkey coma, you could volunteer for the cleanup crew – and immediately start burning off the calories. 

From our family to yours, we hope you enjoy your Thanksgiving holiday!

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

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Built by Richmond American: Open House

by Joe Bourland

Built by Richmond American: Open House 

Built by Richmond American, this adorable home located in Phoenix, Arizona is move-in ready! Just under 2,400 square feet in a single story floor plan with four bedrooms, two baths and a sparkling pool.

Updated flooring, fixtures and interior paint plus there is no carpet throughout which is great for easy maintenance. Lovely kitchen has a convenient island with room for seating, granite counters, under mount sink, stainless appliance package that includes a smooth top stove, built-in microwave, dishwasher and refrigerator.  

The outside is just as cute, with a pebble tech pool featuring a relaxing waterfall, covered patio, grassy play area and low maintenance landscaping both front and back – all of this plus a view of the nearby South Mountain!

Las Colinas in Phoenix, Arizona is tucked away in a gated community with access to shopping, dining and freeways. Home includes solar hot water heater and electrical panels.

Stop by tomorrow, Friday November 11, 2016 for an opportunity to view 7617 S 18th Way from 11:00 am to 4:00 pm. Bonus: seller is contributing one percent to the buyer’s closing costs!

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

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Save the Date: Hot Chocolate 15/5K Race

by Joe Bourland

Save the Date: Hot Chocolate 15/5K Race 

The annual Hot Chocolate 15/5K Race to benefit the Ronald McDonald House is one of our favorite events. As many of you know, our youngest son was born with a congenital heart disease and over the summer of 2014 we lived in a Ronald McDonald House in Los Angeles while Jackson underwent back to back heart surgeries. We are huge supporters, fundraisers and volunteers of the Ronald McDonald House and we would love to see this year’s Hot Chocolate 15/5K Race be a big success.

The event will be held on Sunday, December 4th, 2016 at the Salt River Fields in Scottsdale, Arizona. To register, please visit: www.hotchocolate15l.com/scottsdale/charity and use the group registration code: RMHCPHOENIX2016.

If you would like to support the Hot Chocolate 15/5K but you aren’t a runner, that is okay! They also need volunteers to help with the event. To sign up as a volunteer, please email Helain Day at HDay@rmhcphoenix.com.

Our goal isn’t just about raising money; we want to raise awareness and support of the Ronald McDonald House organization. I speak from personal experience – this is an amazing organization – and my family and I are so grateful for the work they do. We hope to see you at the Hot Chocolate 15/5K event on December 4th!

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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October National Housing Report from RE/MAX

by Joe Bourland

October National Housing Report from RE/MAX

According to the October National Housing Report from RE/MAX, The September Median Sales Price of $219,780 was 5.1 percent above a year ago. And in a rare occurrence, not a single metro posted a year-over-year price drop. The average Month’s Supply of Inventory rose from 3.4 in August to 3.9, the highest since February.

But it is still far below the six month’s supply considered to be a market balanced equally between buyers and sellers. Eight markets, predominantly in the Northeast, have a six or more month supply. Meanwhile, nineteen have three months or less, with the majority being in the West. 

“The market usually sees fewer home sales in September, as buyers make a seasonal transition from summer to fall,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. “Even so, sales were the highest of any September since we launched our Housing Report in 2008. Also, price increases continue to be in the moderate 5-percent year-over-year range. Overall, this is a market that most everyone can be satisfied with.”

To read the full October National Housing Report from RE/MAX click here. If you or anyone you know is considering a move, give the Bourland Group a call today. We will provide you with a custom look at your home values and help you determine the best plan to get your home sold for top dollar!

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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Own It! Separating Wants from Needs

by Joe Bourland

Own It! Separating Wants from Needs

Want to own a home but not sure where to start? Overwhelmed and feeling emotional? We get it. Buying a home is an emotional experience, and there is a lot of truth to the saying “home is where the heart is.” But it is important that you don’t let your emotions make decisions for you – especially when making a big financial commitment. Check out this short video for some great tips to help you separate your wants from your needs:

The Bourland Group has been helping home buyers like you across the West Valley since 2002. Let our experience and local knowledge find the home that is just right for you – give us a call today and let’s get you moving tomorrow! Joe 

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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Luxury Living in Dysart Ranch

by Joe Bourland

Luxury Living in Dysart Ranch 

Dysart Ranch located in Glendale, Arizona is gated community just minutes from the hub of nightlife and entertainment at Westgate, dining, shopping, hockey, football and so much more! Here you will a luxury home nestled on a half-acre cul-de-sac lot with all the comforts you can imagine having in a home of this caliber.

Just under 2,300 square feet the single story great room floor plan has three bedrooms, three full baths and a formal dining room. Overlooking the main living areas, the gourmet kitchen is perfect for the chef-inspired with amenities such as an oversized island with counter seating, updated cabinetry, gorgeous granite counters accented by a custom backsplash and stainless appliance package that includes a premium six-burner gas stove, built-in oven and microwave, and a beer/wine refrigerator.

Entertaining is made easy with an in-home theater, and this amazing resort-style backyard! The large pool has built-in seating, separate spa and plenty of space to relax including a raised sun deck, sunken patio, bee hive fireplace, and built-in BBQ. With a three car garage and an RV gate/parking there is plenty of room for all your toys.  

Thinking of making a move? Consider luxury living in Dysart Ranch. For a private tour of 13007 W McLellan Court, in Glendale, Arizona please call us today.

 Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

Trick or Treat: Follow These Safety Tips

by Joe Bourland

Trick or Treat: Follow These Safety Tips 

It’s hard to believe in just a few weeks the kids will be filling the neighborhood streets dressed in their favorite costumes looking for the Halloween trick or treat. An ounce of prevention can go a long way to avoid an emergency situation while out having a good time. Here are a few trick or treat safety tips:

Costume Safety: ensure your child is safely outfitted before they leave to trick or treat! If possible, opt for face paint over a mask which can obstruct their vision. Make sure their costumes, and shoes are the right size to prevent tripping or falling. Light colors and reflective tape or glow sticks will help others see them, especially oncoming traffic.

Trick or Treat with an Adult: many of our local communities offer alternatives to trick or treating in the neighborhood, with planned events where kids can show off their costume and collect plenty of candy in a safe environment. But if you plan to hit the streets make sure any child under 13 is accompanied by an adult.  Plan your route ahead of time and know what time your children should arrive home.

Walk Safely: always use sidewalks and crosswalks, and pay attention to traffic signals. Make sure your kids know to look both ways before crossing the street, and that they watch for cars turning or backing up. Everyone in the family should be equipped with their own flash light with fresh batteries! If you plan to trick or treat in a group, make sure you stay together and that everyone is accounted for before moving on to the next stop.

Check Their Loot: make sure you kids get a good meal before they head out, to curb their desire to dig into their loot before they get home. Sort through your child’s candy and look for opened wrappers or items that may have been tampered with. If you receive a homemade treat, you may consider tossing it out, unless you know the where it came from.

Halloween is just the beginning of the holiday season, and we want you and your family to have a great time, while keeping everyone safe! Joe

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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Displaying blog entries 1-10 of 159

Contact Information

Photo of Joe Bourland, PC Real Estate
Joe Bourland, PC
RE/MAX Professionals
10320 W. McDowell Road, Suite B2005
Avondale AZ 85392
602-497-4777
Fax: 623-505-4222

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