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As we wrap up 2024 and step boldly into 2025, I hope your holiday season was filled with joy, laughter, and everything that makes this time of year magical. Here's to a wonderful Christmas, an excellent New Year, and a 2025 filled with health, happiness, and success.
This month's newsletter is packed with exciting insights you won't want to miss. Whether you're looking to invest, buy, sell, or just stay ahead of the curve, there's something here for everyone. Dive into topics like:
🏦 Wanna Make Bank, Bro? Move to Avondale!
📈 2025 Market Forecast: Insights from Housing and Mortgage Experts
🏙️ Top Commercial Real Estate Trends for 2025: How Phoenix is Affected
🤫 Arizona's Secret is Out: Why It's Perfect for Young Families
🏢 November's Condo Market: Phoenix, Scottsdale, & Tempe – A Must-Read!
🏡 The Top 10 Home Design Trends to Watch for in 2025
Each article is designed to give you actionable tips and valuable knowledge to navigate today's real estate market like a pro. Scroll down, and let's make 2025 your year! |
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|  | Market Snapshot🎯November 2024
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|  | Wanna Make Bank🏦, Bro? Move to Avondale!
Looking for a place where the paychecks are fat and the vibes are fresh? Say hello to Avondale, Arizona, where the median household income jumped 29.4% in just one year—from $66,801 in 2022 to $86,428 in 2023 (thanks, CNBC!).
Why Avondale is WinningPrime Location: Close to Phoenix, with room to breathe. Job Opportunities: Growing industries like healthcare, tech, and manufacturing. Thriving Community: New businesses, new homes, new energy.
Live Well in AvondaleTop Schools: Families love the education options. Outdoor Fun: From hiking at Estrella Mountain to Phoenix Raceway action. Friendly Vibes: Tight-knit community feels like home.
Avondale's Real Estate ScoopInventory: A 4.21-month supply means balance, but buyers have the edge. Selling Speed: Homes average 66 days on market—plenty of time to find your fit. Solid Pricing: Median sold price is $417,731, with sellers holding close to asking.
Avondale = Future GoalsWith rising incomes and sustainable growth, Avondale is only going up. Whether you're buying, selling, or investing, now's the time to get in on the action. |
|  | the so-Called Housing Experts Weigh In: 2025 Market Forecast As 2024 wraps up, the 2025 housing market forecast is cautiously optimistic. Experts predict steady recovery—rising home prices, modest sales growth, and no crash in sight—but let's be real: they're not always spot-on.
Key Predictions Home Prices Average increase: +2.6% Goldman Sachs: +4.4% Wells Fargo: +4.3% HousingWire: +3.5% Pulsenomics Survey: +3.2% Fannie Mae & Morgan Stanley: +3% MBA: +2.9% Zelman, CoreLogic, Zillow: +2.3%
Home Sales Inventory
What It Means for You Buyers: Inventory growth = more options. Act now to secure lower prices. Sellers: Rising home values and low competition make it a great time to sell. Investors: Stabilized growth means safe opportunities to expand portfolios.
2025 is shaping up to be a year of cautious optimism. Whether buying, selling, or investing, strategy is key.
Let's Make Your 2025 Move! |
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|  | Speaking of Predictions…
After roasting the housing experts, it's only fair we give the so-called mortgage gurus their moment. They've rolled out their 2025 rate forecasts, and let's just say, their crystal balls don't exactly scream "good news." Here's a quick breakdown of what they're predicting for mortgage rates next year.
👇 Keep reading for the numbers and what it means for you!
Mortgage Gurus Predict 2025 Rates Remember when we called out the housing experts for their bold 2025 market guesses? Well, now it's the mortgage gurus' turn! ResiClub compiled rate predictions from 14 firms, and the consensus points to an average forecast of 6.34% by late 2025.
Here's the lineup: Redfin: 6.80% (Clearly, their crystal ball needs a software update). Capital Economics: 6.75% (Still banking on us crying over interest rates). Hunter Housing Economics: 6.60% (A little less pessimistic but still a buzzkill). CoreLogic: 6.50% (Not bad, but I wouldn't pop the champagne yet). Wells Fargo: 6.41% (Trying to be the Goldilocks of predictions—just right). Mortgage Bankers Association: 6.40% (Apparently, Wells' backup singer). Fannie Mae & Moody's: 6.30% (Twinning, with a "meh" vibe). Morgan Stanley & BrightMLS: 6.25% (They must've copied each other's homework). Realtor.com: 6.20% (Trying to sweeten the pot, but still a no). NAHB: 6.12% (Probably stopped guessing halfway through). Goldman Sachs: 6.10% (Could you please share some optimism?). NAR: 5.80% (The bold kid in the class—aiming high, or should I say, low?).
The Average Guess: 6.34%
Earlier this year, experts were hinting that rates could drop below 6%. But now? Most agree that rates will likely hover above 6% for the foreseeable future. My advice: Plan for rates around 6%, budget wisely, and stay flexible. Have any thoughts or strategies for 2025? Let me know! |
|  | Top Commercial Real Estate Trends for 2025: How Phoenix is Affected.As 2025 unfolds, the commercial real estate (CRE) sector is bracing for transformative changes. Key trends highlighted by Forbes provide a glimpse into what lies ahead and how Phoenix stands to benefit: Office Market Stability: A 5% rise in leasing volume and prime spaces becoming scarce signal opportunities for Phoenix's office market. Industrial Growth: Demand for data centers, cold storage, and EV battery plants aligns with Phoenix's growing tech and logistics sectors. Enhanced Workplaces: Companies in Phoenix are prioritizing well-designed offices to attract employees back, fostering collaboration and productivity. Retail Rent Increases: Limited new construction may hike rents, but securing long-term leases can be advantageous for Phoenix retailers. Biotech Expansion: The city's thriving healthcare sector benefits from the rise of flexible, tech-savvy lab facilities. Border-Accessible Development: Proximity to trade corridors positions Phoenix as a hub for industrial growth. Noise Solutions: Sophisticated sound management will redefine office spaces as employees return. Collaborative Spaces: More "we" spaces will encourage teamwork and innovation in Phoenix workplaces.
Phoenix is uniquely poised to adapt and thrive with these trends. By anticipating shifts and staying proactive, local professionals can capitalize on the opportunities 2025 has to offer.
You can read the Forbes article here and you can read my full post here. |
|  | Shhh... Arizona's Secret is Out: A Haven for Young Families
Arizona is no longer just for retirees—it's becoming the go-to destination for young families. Why? Affordable living, spacious homes, a booming job market, and endless recreation make it irresistible.
More Space, More ValueCities like Buckeye offer some of the largest rental homes in the U.S., averaging 1,409 sq. ft. Gilbert, Chandler, and Scottsdale also provide roomy apartments above the national average of 901 sq. ft., making Arizona perfect for growing families.
Affordability with ChallengesWhile prices are rising due to demand, suburbs like Gilbert and Surprise are expanding inventory, offering hope for better affordability.
California Families Are Moving InWith homes 49% cheaper in Maricopa County than in Los Angeles, Californians are flocking to Arizona. The savings? An average of $361K per home.
Arizona's mix of affordability, space, and community makes it a top choice for young families. Thinking of making the move? Let me know!
Learn More: Explore Arizona's Real Estate Trends |
|  | Decoding November's Condo Market: Phoenix, Scottsdale, & Tempe – A Must-Read for Buyers and Sellers!
The latest condo market trends are in! Phoenix: 7.08 months of inventory (+140%), Median Price: $322,450 Scottsdale: 7.02 months of inventory (+98.87%), Median Price: $479,250 Tempe: 5.05 months of inventory (+105%), Median Price: $326,000
Buyers enjoy more options, while sellers must price smartly to stay competitive. Provided by PhxCondosForSale.com – Your source for expert real estate insights. [Learn More] |
|  | the top 10 home design trends to watch for in 2025.
English-Style Kitchens: Featuring rich woods and historical paint colors, these cozy kitchens include natural countertops, wood ceiling beams, and large range alcoves. Rounded Furnishings: Organic modern styles continue with circular coffee and dining tables, bulbous sofas, and accent chairs. Arches: Arched walls, doorways, windows, and accessories add playfulness and soften harsh angles. Shower Rooms: Enclosed shower spaces create a spa-like feel, offering privacy and features like steam and sauna functions. Kitchen Range Alcoves: These recessed areas create architectural focal points in kitchens and support striking backsplash designs. Woven and Mesh Cabinet Fronts: Adding texture and visual interest, these details are used in kitchens, bathrooms, and furniture. Narrow Wet Rooms: Smaller, luxurious wet rooms with shower and tub arrangements are becoming popular in tight spaces. Wood-Infused Architectural Warmth: Warm neutrals and wood elements add coziness to interiors, shifting away from cool whites and grays. Layers of Color, Pattern, and Texture: Maximalist styles embrace bold colors, patterns, and textures to reflect personal tastes. Multiple Outdoor Cooking Options: Beyond just grills, homeowners are incorporating pizza ovens, smokers, and gaucho grills in their backyards.
For a deeper dive into these trends, you can read the full article by Melissa Dittmann Tracey on the National Association of REALTORS® website. |
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