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RE/MAX National Housing Report for December 2018

by Nate Martinez

RE/MAX National Housing Report for December 2018

December’s declining home sales and growing inventory solidified 2018 as the year the red-hot seller’s market moved toward a balanced market. Price growth also moderated, though December was the 33rd consecutive month of year-over-year increases in home prices, according to the RE/MAX National Housing Report, which includes fifty-three metro areas.

December’s year-over-year decline in home sales of 12.1 percent set a December record in the 10-year history of the report and also marked the fifth consecutive month that home sales were lower than 2017.  December was 2018’s 10th month of year-over-year declines in home sales with only April and July topping 2017 sales.

Most telling was December’s 4.6 percent growth in inventory, which was also a report record. December’s year-over-year inventory increase marked the third consecutive month of growth – a trend reversing a decade-long streak of year-over-year inventory declines.

“December’s inventory gain, continuing the three-month growth trend, is welcome news,” said RE/MAX CEO Adam Contos. “The market remains choppy and there’s still a long way to go, but these gains represent steps toward a balanced market, which in the long run is healthy for both buyers and sellers.”

While fifty-four Days on Market was a record low for December sold listings, the 4.1 Months Supply of Inventory was higher than December 2017’s 3.7 months and ahead of November 2018’s 3.9 months supply.

Home buyers paid record amounts throughout 2018 as prices grew year-over-year in every month last year, led by June’s Median Sold Price of $258,500 – an all-time report high. Even so, December’s year-over-year increase of 2.1% was 2018’s smallest, and far lower than the 8.1 percent price growth from December 2016 to December 2017.

“Home sales have cooled, especially during the second half of 2018, but that was inevitable given the strong seller’s market that has persisted for nearly a decade,” Contos said. “We believe sales activity can pick back up if the pace of price escalation continues to moderate, interest rates tick further downward, and wage growth continues.”

Of the fifty-three metro areas surveyed in December 2018, the overall average number of home sales is down -8.5 percent compared to November 2018, and down -12.1 percent compared to December 2017. None of the fifty-three metro areas experienced an increase in sales year-over-year. In December 2018, the median of all fifty-three metro Median Sales Prices was $240,000, up 2.1 percent from November 2018, and up +2.1 percent from December 2017. The average Days on Market for homes sold in December 2018 was fifty-four, up three days from the average in November 2018, and down three days from the December 2017 average.

Click here to download your copy of the RE/MAX National Housing Report for December 2018. Looking to sell your Phoenix home or buy a home in Phoenix? Contact the Nate Martinez Team today! We offer over thirty years of unparalleled service to all clients in the Phoenix real estate market.

 

With Appreciation,

Nate Martinez, RE/MAX Professionals
www.NatesHomes.com
www.NatesLuxuryHomes.com
602-430-5226
Nate@NatesHomes.com

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Nate Martinez Team January 2019 Newsletter

by Nate Martinez

Nate Martinez Team January 2019 Newsletter

Can you believe we are celebrating another New Year? I hope that each of you reading this newsletter had a healthy, happy and memorable holiday season with those you love. We are off to a great start and I wanted to share some exciting news about RE/MAX Professionals and where the real estate market is projected to head in 2019.

Please click here to download your full copy of the Nate Martinez Team January 2019 Newsletter. 

As always, our deepest gratitude goes out to all the wonderful families and friends who have trusted us over the past thirty-two years with their housing needs. We consider ourselves very fortunate and look forward
to continuing to service your needs in the upcoming year. From all of us at the Nate Martinez Team, we want to wish you a very happy New Year!

With Appreciation,

Nate Martinez, RE/MAX Professionals
www.NatesHomes.com
www.NatesLuxuryHomes.com
602-430-5226
Nate@NatesHomes.com

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Nate's Monday Morning Message

by Nate Martinez

Nate’s Monday Morning Message

Welcome to this edition of Nate's Monday Message. Today I want to honor the memory of Martin Luther King, Jr. by sharing with you a part of his I have a dream speech from August 1963. It doesn’t take an extraordinary person to make history; it just takes a dream. Let’s make it a great week!

ENCOURAGEMENT CORNER

Martin Luther King's I have a dream speech August 28, 1963

I say to you today, my friends, so even though we face the difficulties of today and tomorrow, I still have a dream. It is a dream deeply rooted in the American dream.

I have a dream that one day this nation will rise up and live out the true meaning of its creed: "We hold these truths to be self-evident; that all men are created equal."

I have a dream that one day on the red hills of Georgia the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood.

I have a dream that one day even the state of Mississippi, a state sweltering with the heat of injustice, sweltering with the heat of oppression, will be transformed into an oasis of freedom and justice.

I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.

I have a dream today.

I have a dream that one day down in Alabama, with its vicious racists, with its governor having his lips dripping with the words of interposition and nullification, that one day right down in Alabama little black boys and black girls will be able to join hands with little white boys and white girls as sisters and brothers.

I have a dream today.

I have a dream that one day every valley shall be exhalted, every hill and mountain shall be made low, the rough places will be made plain, and the crooked places will be made straight, and the glory of the Lord shall be revealed, and all flesh shall see it together.

WORDS OF INSPIRATION

“Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.” - Martin Luther King, Jr.

“Faith is taking the first step even when you don't see the whole staircase.” - Martin Luther King, Jr.

“The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.” - Martin Luther King, Jr.

Nate Martinez, RE/MAX Professionals
www.NatesHomes.com
www.NatesLuxuryHomes.com
602-430-5226
Nate@NatesHomes.com

RE/MAX is the #1 Real Estate Franchise

by Nate Martinez

RE/MAX is the #1 Real Estate Franchise

RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, once again ranks as the leading real estate franchise in the 2019 Franchise 500®. RE/MAX has been the top real estate franchise in the annual survey, produced by Entrepreneur magazine, for seven consecutive years.

More than 1,000 franchisors applied to be included in this year’s Franchise 500. RE/MAX was selected as the top estate franchisor because of its unit growth, financial strength, stability and brand power in 2018. This year’s Franchise 500 marks the 16th time in 20 years that RE/MAX is number one in the real estate category. RE/MAX ranked 15th overall among all franchisors on the list.

“RE/MAX leads its competitors year after year in the Franchise 500,” said Adam Contos, CEO of RE/MAX. “We truly are the number one name in real estate, and industry professionals want to experience the competitive advantages of our brand power, progressive on-demand training, technology and unmatched global footprint.”

The Franchise 500 is considered the oldest and most comprehensive franchise ranking in the world. Companies are judged by the same criteria including costs and fees, size and growth, support, brand strength and financial strength and stability. To be eligible, franchisors must be seeking new franchises in the United States or Canada and have a minimum of 10 units open and operating as of July 31, 2018, with at least one franchise located in North America.

From a single office that opened in 1973 in Denver, Colo., RE/MAX has grown into a global real estate network with more than 120,000 sales associates in more than 100 countries and territories. RE/MAX was recently named a top 10 franchise brand for the third consecutive year and the leading real estate franchise for the 10th year in a row in the 2018 Franchise Times Top 200+® survey.

Each year, our agents help hundreds of thousands of families buy or sell a home because we have the experience, the tools and the know how. If you or someone you know is looking to buy a Phoenix home in 2019 or needs a local expert to sell their Phoenix home, please contact The Nate Martinez Team today. We look forward to continuing to serve our clients with all their real estate needs and are proud to be a part of the #1 real estate franchise in 2019!

With Appreciation,

Nate Martinez, RE/MAX Professionals
www.NatesHomes.com
www.NatesLuxuryHomes.com
602-430-5226
Nate@NatesHomes.com

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You Can’t Go Wrong with The Nate Martinez Team

by Nate Martinez

You Can’t Go Wrong with The Nate Martinez Team

The Nate Martinez Team is passionate about the real estate market. We go above and beyond to provide you with the best real estate services in the Valley whether you are selling your Phoenix home or buying a luxury home in the Blackstone Country Club community. We take great pride in creating a rewarding experience for our clients and have been collectively doing so for over thirty years. Here’s what one of our valued clients had to share about their recent experience with our team on Zillow:

“Nate Martinez and his team were very helpful and responsive throughout our selling process.  They connected me with some very helpful vendors to prepare our home for the market.  They are very familiar with our neighborhood and I believe you can't go wrong with this team.  I highly recommend them whether buying or selling your home!” - Mtjgaz

The Nate Martinez Team is committed to giving back to the industry. We have a passion for helping Arizona homeowners, and those aspiring to be, hasn't wavered in the past two and a half decades; neither has our insatiable drive for success. The highest compliment we can receive is the referral of a family member, friend or associate. If you know someone who is looking to buy a Phoenix home in 2019 or needs a local expert to sell their Phoenix home, please contact The Nate Martinez Team today. We look forward to continuing to serve Phoenicians with all their real estate needs for many more years to come! - Nate

With Appreciation,

Nate Martinez, RE/MAX Professionals
www.NatesHomes.com
www.NatesLuxuryHomes.com
602-430-5226
Nate@NatesHomes.com

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Top 5 New Year’s Eve Superstitions

by Nate Martinez

Top 5 New Year’s Eve Superstitions

New Year’s Day is a holiday celebrated all over the world with different customs and rituals. Originating over 4,000 years ago by ancient Babylonians, the holiday has since picked up its own quirky superstitions along the way. Perhaps you’ve heard of some of these or have been doing them for years! Here are the top 5 New Year’s Eve superstitions.

1.) “Kissmas” Eve: A kiss at the stroke of midnight signifies the purification into the New Year. Kissing someone dear to you at midnight will ensure affection for the next twelve months. If you happen to be alone at midnight, kissing the dog or cat would certainly work. (Thank goodness!)

2.) Noisy New Year: Crank up those poppers and noisemakers. Making deafening noise is said to drive away evil spirits from entering your life for the next year.

3.) Greens for greens: Apparently eating black-eyed peas and greens brings good luck and financial prosperity. You are to eat the peas with greens for prosperity as the peas represent good luck and the greens represent money. Yum!

4.) Let the right one in: The first person entering your home in the New Year will influence the year you’re about to have. So careful who you open your door to!

5.) Nothing in, nothing out: Nothing goes out of the house on New Year’s, or you will be losing things during the upcoming year. If your trash needs emptying, do it before midnight or on January 2nd. If you have food or anything to take somewhere on New Year’s day, have it at their house already.

Regardless of which superstitions keep the spirits at bay on New Year’s Day, The Nate Martinez Team wishes you and yours a wonderful and Happy New Year!

With Appreciation,

Nate Martinez, RE/MAX Professionals
www.NatesHomes.com
www.NatesLuxuryHomes.com
602-430-5226
Nate@NatesHomes.com

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Nate Martinez
RE/MAX Professionals
20241 North 67th Avenue, Suite A1
Glendale AZ 85308
623-643-1010
602-430-5226
Fax: 602-532-7352

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