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North Central Phoenix Real Estate Agents | The Caniglia Group

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erik jensen

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 !

North Central Market Update | February 2021

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North Central Phoenix Real Estate Market Update for February 2021 ⠀⠀⠀⠀⠀⠀⠀⠀

It’s time for our North Central Market Update video! With just two months of 2021 under our belts, the Phoenix real estate market is continuing it’s hot streak. Moreover, with a strong sellers market and lack of inventory, we realize many are concerned about not being able to find a new home once they’ve sold.

What if you can’t find a house?

Never fear…. we have a plan! We have a large database and established connections since 1983. Additionally, we have the power of N&CO behind us! These are the tools needed to not only sell your home, but more importantly to sell it based on your needs and schedule. These powerful tools will also help us find your next home. ⠀⠀⠀⠀⠀⠀⠀⠀

Check out our short video! If you’re thinking about buying or selling a home, or would like to know more about the current Phoenix market, give us a call at 602-903-7220 – we would love to help!⠀

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 !
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IDX Solution Provided by iFoundAgent.com. ARMLS Listing Data Last Updated: June 24, 2021, 12:37 am
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