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RE/MAX National Housing Report for August 2018

by Nate Martinez

RE/MAX National Housing Report for August 2018

The RE/MAX National Housing Report for August 2018 shows increasing home prices, low inventory and a reduction in days on market. These combined factors made August 2018 the sixth time this year that home sales lagged behind last year’s pace—but only slightly at -1.1 percent. To access the housing report infographic, visit: https://rem.ax/2phKHWT.

Home prices rose by 3.7 percent over August 2017, much lower than the year-over-year price increase of 5.4 percent from August 2016 to August 2017. In fact, the past three months of 2018 have trailed 2017’s rate of price growth year-over-year—compare that to four of the first five months of 2018 when year-over-year price increases easily topped those posted in 2017.

The Median Sales Price of $248,500 marked the twenty-ninth consecutive month of year-over-year price increases.

Even though active inventory dropped for the 118th consecutive month, the decline of 5.4 percent from August 2017 marked the smallest year-over-year decrease since August 2014. In addition, the August 2018 inventory drop marked the fourth consecutive month in 2018 to post single-digit percent declines, rather than the double-digit monthly drops consistently seen in early 2018 and over the previous three years.

“It varies by market, but we’re hearing that buyers are being more selective and sellers are becoming more pragmatic,” said RE/MAX CEO Adam Contos. “That dynamic could bring inventory levels up, especially in the most overheated markets, where we expect to see the clearest signs of equilibrium returning. The economy is strong and potential buyers are out there—they just need more listings, at the right price points, to consider. We believe that balance will return, which will be good for everyone in the long run. It’s just a matter of when.”

Contos added that although the lack of inventory continues to be a challenge, the trends suggest that the market finally appears to be rebalancing.

“The moderation we are experiencing seems to be a bit more than the normal seasonal lull we’d expect this time of year,” said Contos.

Want to know more? Click here to download your copy of the August 2018 RE/MAX National Housing Report. Looking to sell your Phoenix home or buy a home in Phoenix? Contact the Nate Martinez Team today! We offer unparalleled service to all clients in the Phoenix, Arizona real estate market. Your complete satisfaction with our service and representation is our number one priority!

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 week’s Monday Morning Message…every week we have the opportunity to put ourselves in a position to grow. Your thinking and your self-confidence will determine what you can achieve. It starts with your confidence to achieve and that is what you need to focus on now. Free yourself from the barriers you have placed around you and expand your thinking. What can you do just a little better? What do you want to do that you have not yet? This week, let’s get clear on what we want to accomplish and create a plan to do it. Let’s make it a great week!

ENCOURAGEMENT CORNER

There was a business executive who was deep in debt and could see no way out. Creditors were closing in on him. Suppliers were demanding payment. He sat on the park bench, head in hands, wondering if anything could save his company from bankruptcy. Suddenly an old man appeared before him. ”I can see that something is troubling you,” he said. After listening to the executive’s woes, the old man said, “I believe I can help you.” He asked the man his name, wrote out a check, and pushed it into his hand saying, “Take this money. Meet me here exactly one year from today, and you can pay me back at that time.” Then he turned and disappeared as quickly as he had come. The business executive saw in his hand a check for $500,000, signed by John D. Rockefeller, then one of the richest men in the world! “I can erase my money worries in an instant!” he realized. But instead, the executive decided to put the uncashed check in his safe. Just knowing it was there might give him the strength to work out a way to save his business, he thought. With renewed optimism, he negotiated better deals and extended terms of payment. He closed several big sales. Within a few months, he was out of debt and making money once again. 

Exactly one year later, he returned to the park with the uncashed check. At the agreed-upon time, the old man appeared. But just as the executive was about to hand back the check and share his success story, a nurse came running up and grabbed the old man. “I’m so glad I caught him!” she cried. “I hope he hasn’t been bothering you. He’s always escaping from the rest home and telling people he’s John D. Rockefeller.” And she led the old man away by the arm. The astonished executive just stood there, stunned. All year long he’d been wheeling and dealing, buying and selling, convinced he had half a million dollars behind him. Suddenly, he realized that it wasn’t the money, real or imagined, that had turned his life around. It was his new-found self-confidence that gave him the power to achieve anything he went after. 

WORDS OF INSPIRATION

“With the new day comes new strength and new thoughts.” - Eleanor Roosevelt

“You can't cross the sea merely by standing and staring at the water.” - Rabindranath Tagore

“Failure will never overtake me if my determination to succeed is strong enough.” - Og Mandino

“Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy.” - Norman Vincent Peale

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

3 Tips to Sell Your Home this Fall

by Nate Martinez

3 Tips to Sell Your Home this Fall

Goodbye summer, hello fall! It’s a well-known fact that springtime is the most popular season to put your home on the market, but fall is still a fantastic time to sell your home as well; especially because it’s currently a sellers’ market. There are tons of people looking to buy an Arizona home and get settled in before the holidays or the New Year. So here are 3 tips to sell your home this fall.

1.) Price right for the season: Think you have to price your home lower in the off-season in order to sell it? Think again! When it comes to making your home stand out this fall, proper pricing is one of the most important factors. If you work with a licensed reputable REALTOR® to set the right price for your home so that it will be priced to compete in the current market. The Nate Martinez Team can pull comparable prices to your property and advise you on the best asking price for your home.

2.) Get motivated: With the holiday season approaching fast, it’s easy to get wrapped up in planning family get-togethers and distracted by upcoming celebrations. But if you want to sell your home this fall, you have to get as motivated as the buyers who are waiting to buy your home by years end. It’s best to work with a Realtor® with a solid record of selling houses year round and a good reputation. 

3.) Present your home: In the fall selling season the days get shorter as far as natural light goes and there will be plenty of buyers who want to look at homes when they get off work. Having adequate lighting on and in your home for fall evenings makes your home look more presentable to buyers looking at dozens of homes. Walkways should be clearly lit and clutter should be removed from high traffic areas to prevent falls. As your personal real estate agents, we can look over your house and provide a list of options for repairs or improvements to help your home sell. Sometimes just a few simple repairs can make all the difference between a home sitting on the market for months and quickly selling!

So if you’re ready to sell your Arizona home this fall in Glendale, Peoria, Phoenix and the surrounding areas, please contact Nate Martinez and the Nate Martinez Team today. We will help you with the entire home selling and buying process and be sure to make your experience a positive memorable one every step of the way!

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 week’s Monday Morning Message…the 2018 Month of Miracles has come to a close and we are super excited to share the total contribution RE/MAX Professionals will be making to the Children’s Miracle Network after our month-long fundraising efforts. I want to extend a personal thank you to each of you who helped us surpass our goal of One Million Pennies with either your own fundraising efforts or by making a donation. As you know our goal was $10,000, and this year we were able to raise $17,597.30 which will go directly to our local Phoenix Children’s Hospital! We could not have done this without your support – thank you for helping us make a difference in the lives of the children who are seen every day at PCH!

WORDS OF INSPIRATION

“Let us sacrifice our today so that our children can have a better tomorrow.” - A. P. J. Abdul Kalam

“True charity is the desire to be useful to others with no thought of recompense.” - Emanuel Swedenborg

“To me there is no picture so beautiful as smiling, bright-eyed, happy children; no music so sweet as their clear and ringing laughter.’ - P. T. Barnum

“The greatness of a community is most accurately measured by the compassionate actions of its members.” - Coretta Scott King

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

July 2018 RE/MAX National Housing Report

by Nate Martinez

July 2018 RE/MAX National Housing Report

July home sales rose 1.8 percent year-over-year, making it the second month of 2018 to post a sales increase year-over-year, according to the RE/MAX National Housing Report. To access the housing report infographic, visit: https://rem.ax/2phKHWT.

In the July 2018 report, 37 of the report’s 54 metro areas posted sales increases over July 2017—April was the first month of 2018 where more homes were sold than the same month in 2017. The report also marks the 28th consecutive month of year-over-year price increases.

The Median Sales Price of $250,575 was up 4.4 percent from July 2017, and represents the third-highest price in report history—topped only by May and June of this year. Months Supply of Inventory was at 2.9 – the smallest total ever recorded for July.

Forty-two of the 54 metro areas reported a year-over-year drop in inventory. The Days on Market dropped to 41 – four days less than July 2017 and one day under the previous nine-year low set in June 2018.

“Because we’ve faced challenging inventories and increasing home prices for some time now, a seasonal slowdown that rebalances the market a bit might actually be a positive in the months ahead,” said RE/MAX CEO Adam Contos. “It could level affordability to some extent and create more opportunity for buyers who’ve been priced out of hot markets.”

The average Days on Market for homes sold in July 2018 was 41, down one day from the average in June 2018, and down 4 days from the July 2017 average. The number of homes for sale in July 2018 was down 0.3 percent from June 2018, and down 7.8 percent from July 2017. Based on the rate of home sales in July, the Months Supply of Inventory increased to 2.9 from 2.7 in June 2018, and decreased from 3.1 in July 2017. A 6.0-months supply indicates a market balanced equally between buyers and sellers. In July 2018, all but one of 54 metro areas surveyed reported a months supply at or less than 6.0, which is typically considered a seller’s market.

Want to know more? Click here to download your copy of the July 2018 RE/MAX National Housing Report. Looking to sell your Phoenix home or buy a home in Phoenix? Contact The Nate Martinez Team today! We offer unparalleled service to all clients in the Phoenix, Arizona real estate market. Your complete satisfaction with our service and representation is our number one priority!

With Appreciation,

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

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Don’t Miss This Important Phoenix Metro Market Update

by Nate Martinez

Don’t Miss This Important Phoenix Metro Market Update

Keeping up-to-date on developments in our real estate market is crucial. Whether you’re a buyer, seller, or homeowner, you’ve got to know what’s going on in order to succeed in your goals. With that in mind, let’s take a look at the latest news from our Phoenix area real estate market. Conditions remain strong, but we have experienced some changes since this time last year. To learn what those are and hear our full market update, watch this short video: https://rem.ax/2CmQbIU

Sincerely,

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

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New Law Banning Cellphones While Driving Implemented in Surprise

by Nate Martinez

New Law Banning Cellphones While Driving Implemented in Surprise

Metro Phoenix drivers will need to make sure their cellphones are tucked away when crossing into Surprise city limits as of this month. Surprise enacted the toughest cellphone-use law for drivers in the Valley this month. 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.

Police will generally issue warnings only for the first 30 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. Surprise officials put an ordinance banning talking, texting or anything involving a handheld communication device into effect last week, the Arizona Republic reported.

The Arizona Legislature has considered enacting a texting-while-driving ban for at least the last decade. This year, a measure that would have banned texting while driving made it through the Senate, but failed to make it through the House.

The Legislature did take one step on the issue, though, banning new drivers, between the ages of 15 1/2 and 18, from using cellphones while driving, unless in a specific emergency or when using a navigation system. Coconino and Pima counties, Oro Valley, Sedona, Tucson and some other cities ban the use of hand-held cellphones while driving, but no Valley city does. 

Tempe has a distracted-driving law that lets police cite drivers for talking on the phone or texting, but only if police think the drivers pose a risk to themselves or others. Some other cities, such as Flagstaff, Fountain Hills and Phoenix, ban texting while driving, but not the overall hand-held phone use.

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

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 - Happy Labor Day!

by Nate Martinez

Nate’s Monday Morning Message 

Welcome to this week’s Monday Morning Message…I hope that this email is finding each of you enjoying your hard-earned day off! Labor Day is the sign that summer is coming to an end, school is back in session and the cool temperatures in Arizona are on the horizon. However, this day marks a moment in history where the hardworking men and women who forged the labor movement in the 1800s to ensure our rights in both socially and economically were represented. The rights we enjoy today were fought for many years ago and we have the American workers to thank.

From my family to yours, we want to wish you each a very happy, healthy and safe Labor Day celebration!

ENCOURAGEMENT CORNER

The End of Summer by Rachel Hadas

Sweet smell of phlox drifting across the lawn—

an early warning of the end of summer.

August is fading fast, and by September

the little purple flowers will all be gone.

 

Season, project, and vacation done.

One more year in everybody’s life.

Add a notch to the old hunting knife

Time keeps testing with a horny thumb.

 

Over the summer months hung an unspoken

aura of urgency. In late July

galactic pulsings filled the midnight sky

like silent screaming, so that, strangely woken,

 

we looked at one another in the dark,

then at the milky magical debris

arcing across, dwarfing our meek mortality.

There were two ways to live: get on with work,

 

redeem the time, ignore the imminence

of cataclysm; or else take it slow,

be as tranquil as the neighbors’ cow

we love to tickle through the barbed wire fence

(she paces through her days in massive innocence,

or, seeing green pastures, we imagine so).

 

In fact, not being cows, we have no choice.

Summer or winter, country, city, we

are prisoners from the start and automatically,

hemmed in, harangued by the one clamorous voice.

 

Not light but language shocks us out of sleep

ideas of doom transformed to meteors

we translate back to portents of the wars

looming above the nervous watch we keep.

WORDS OF INSPIRATION

“As we celebrate Labor Day, we honor the men and women who fought tirelessly for workers' rights, which are so critical to our strong and successful labor force.’ - Elizabeth Esty

“Work like you don't need the money. Love like you've never been hurt. Dance like nobody's watching.” - Satchel Paige”

“Labor Day is devoted to no man, living or dead, to no sect, race or nation.” - Samuel Gompers

“Learn to enjoy every minute of your life. Be happy now. Don't wait for something outside of yourself to make you happy in the future. Think how really precious is the time you have to spend, whether it's at work or with your family. Every minute should be enjoyed and savored.” - Earl Nightingale

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

Displaying blog entries 1-8 of 8

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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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