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North Central Phoenix Real Estate Agents | The Caniglia Group

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Phoenix Real Estate Market Update | April 2021

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Are we experiencing another real estate bubble?

In regards to the Phoenix Real Estate Market, the big question on everyone’s mind is…. Are we experiencing a real estate bubble similar to what happened in 2005 – 2007? Based on what we’re experiencing in our current market, our answer is no.

Lending Practices | Then vs. Now

In our last real estate bubble, to say lending practices were loose would be an understatement. At that time adjustable rate mortgages, 100% financing, and non qualifying loans were common. Now we have large down payments, substantial equity in homes, tougher lending guidelines, and appraisers who answer to underwriters instead of mortgage companies.

In addition to all of that, we’re seeing 30 year fixed mortgages as the norm in the Phoenix real estate market, with more buyers paying cash – even in the $2 million price range!

The Bottom Line

While we’re not able to predict the future, based on current market stats and all of the above, we see real estate in Phoenix staying healthy for a long time.

Want to learn more? Check out Steve and Erik’s market update video!

 

About US

Steve Caniglia grew up in the real estate industry, and has been a licensed real estate agent in Arizona for 17 years. He loves real estate not only because of the relationships he has established, but because every day brings something new. Additionally, Steve loves the unpredictability that helps keep him on his toes. Per Steve, “I literally learn something new every day and know that is one of the big value adds that I bring to my clients – seventeen years of knowledge and a team of seasoned agents with a vast array of know how and expertise”. His goal with every client is to have them as clients for life, not just one or two transactions. You can contact Steve at 602-301-2402 or steve@thecanigliagroup.com
Erik Jensen is a licensed Arizona real estate agent, and has been helping first-time, experienced, and luxury buyers find their perfect home for the last 15 years. Erik has knowledge that extends past the housing market. This knowledge includes home building, marketing, and lending/finance. He’s able to help educate clients on the structural quality of a home, point out any possible repairs or maintenance they may not be aware of, and even refer them to appropriate resources after the purchase. On the listing side, he’ll do whatever it takes to show a house in its best light, from professional photography and marketing to personally tidying up a house before a showing. Erik provides guidance and direction during every step of a transaction, always with the client’s best interest in mind. You can contact Erik at 602-717-0017 or erik@thecanigliagroup.com.
Be sure to keep up on our real estate updates and news by following us on Facebook and Instagram !

How To Build Wealth Through The Real Estate You Already Own

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As a homeowner, we’d be willing to bet you’ve seen your fair share of home valuation tools and they have been pretty much all the same. That’s what we thought until we recently came across a new asset management tool that not only provides home valuations, but also provides detailed wealth management tips and statistics that my clients have found invaluable.

 

Introducing Homebot
Homebot is a true home valuation and wealth management game changer. With this unique automated tool, you can take wealth management into your own hands by getting a greater understanding of how your largest asset – your home – can work to build your wealth.

 

How does Homebot work and how is it different?
HomeBot is a free innovative home valuation tool that delivers a monthly digest directly to you with personal financial data, as well as beneficial home wealth information. From personalized calculations to help you save money and pay off your loan earlier; to customized refinancing scenarios and real-time savings; to advanced market rental data and monthly cash flow calculations for potential vacation home rentals, there is much to offer. The options are endless, and the feedback we’ve received from our clients currently using Homebot has been outstanding.

While Homebot continuously works behind the scenes to create current data for you, it’s even more powerful when you use it to gain insights into interest rates, your estimated equity, and purchasing power. The customized market analysis you receive is not like anything you’ve seen – it offers detailed information about how to use your equity position to achieve both short-term and long-term goals.

 

What Clients are saying about Homebot
I like using HomeBot as it gives me data on the trends of my home value. It also integrates some important personal finance tools that help me understand how I can save on my mortgage and how to leverage the equity I have put in thus far. – AJ

 

How much does Homebot cost?
Once again, this is a completely free tool for our clients! No matter what your needs are, this tool will help you effectively manage your most important investment.

 

To learn more, click the below link or give us a call!

Erik Jensen, 602-717-0017
http://bit.ly/2ToLYwq

 

Steve Caniglia, 602-301-2402
http://bit.ly/2W4uEtQ

 

 

Copyright © 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
IDX Solution Provided by iFoundAgent.com. ARMLS Listing Data Last Updated: May 17, 2022, 5:31 am
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