Author Archives: Erica Anderson

2024 election buttons with American flags representing the importance of voting and its impact on the housing market.

How the 2024 Election Will (and Won’t) Impact Arizona’s Housing Market

Every presidential election sparks the same question: ‘Will the election affect the housing market?’ It’s a valid concern, particularly for those buying or selling homes in Arizona. Yet, despite the unpredictability of election years, data shows that the impact on the housing market is minimal. While some buyers might claim they’re waiting for election results, they make up only a small portion of the market and have little influence on overall trends. The numbers back this up, showing that sales […]

A person celebrating with colorful confetti, symbolizing the excitement and opportunity of low mortgage rates in Arizona, with others joining the festive mood.

Mortgage Rates Hit Lowest Point Since 2022: Why Now Is the Time to Buy or Refinance

If you’ve been waiting for a sign that it’s the right time to buy a home or refinance, here it is! Mortgage rates have just dropped to their lowest levels since Q2 of 2022, and this is an incredible opportunity for buyers and homeowners alike. Whether you’re looking to buy your first home or lower your monthly payments through refinancing, these rates could be the key to unlocking your financial goals. Understanding the Rate Drop After months of fluctuating interest […]

A hooded figure at a laptop, symbolizing the threat of cybercrime and digital scams in real estate transactions.

Stay Safe: How to Avoid Common Real Estate Scams and Protect Your Investment

In today’s digital world, while technology has made the real estate process more accessible, it has also created new opportunities for scammers. Protecting yourself from these scams is crucial for a smooth and secure transaction. Here are some of the most common real estate scams to be aware of, along with tips on how to avoid them. Wire Fraud Wire fraud is one of the most serious and widespread scams in real estate today. Scammers often impersonate real estate agents, […]

Real estate professional signing documents with a scale and a small house model on the table.

Navigating the New NAR Settlement Changes: What You Need to Know Starting August 17, 2024

A note from the Team Leader, Erica… As of today, August 17, 2024, significant changes resulting from the National Association of Realtors (NAR) settlement will officially take effect across the nation, aimed at bringing greater transparency and fairness to the real estate industry. However, if you’re in Arizona, you’re already a few steps ahead. Our local MLS and the Scottsdale Realtor Association have been proactive in implementing these changes since the beginning of August. This early adoption has allowed us […]

Real estate agent shaking hands with a client over a desk with a model house and paperwork.

The Role of a Real Estate Agent: Why You Need One

Navigating the real estate market can be daunting for both buyers and sellers. A real estate agent can be an invaluable asset, providing expertise, guidance, and support throughout the process. Here’s why you should consider working with a real estate agent, whether you’re buying or selling a property: For Buyers Expert Knowledge of the Market Real estate agents specializing in working with buyers possess in-depth knowledge of local market trends, property values, and neighborhood specifics. They provide information on schools, […]

Homeowners Association (HOA) board meeting in a desert community location, with casually dressed homeowners discussing and reviewing documents

Living in a Homeowners Association (HOA): Pros and Cons

Homeowners Associations (HOAs) are governing bodies that oversee the management and maintenance of residential communities. Living in an HOA community has its advantages and disadvantages, which are important to consider before purchasing a property in such an area. Pros of Living in an HOA Common Area Maintenance: HOAs typically take care of the maintenance and upkeep of common areas such as parks, pools, landscaping, and clubhouses. This ensures that the community remains attractive and well-maintained. Amenities: Many HOA communities offer […]

Earthship with bottle walls, large south-facing windows, solar panels, and lush green surroundings

Are Earthships the Ultimate Prepper Paradise?

To start this discussion we must first understand….What is an Earthship. An Earthship is a type of passive solar house made of natural and upcycled materials, designed to be self-sufficient and environmentally friendly. The concept was developed in the 1970s by architect Michael Reynolds. Earthships are constructed using earth-packed tires, recycled cans, and bottles, making them sustainable and cost-effective. They incorporate six key design principles: Thermal/Solar Heating and Cooling: Earthships use thermal mass and passive solar design to regulate indoor […]

For Rent sign in front of a residential home, highlighting rental market dynamics in Arizona.

Arizona AG’s Lawsuit Against RealPage: What It Means for the Real Estate Market

A note from the team leader, Erica… In a significant move for the real estate market, Arizona Attorney General Kris Mayes has filed a lawsuit against RealPage, a prominent real estate technology and analytics company, along with nine other prominent landlords as co-defendants. The lawsuit alleges that RealPage along with the landlords engaged in anti-competitive practices and price-fixing, impacting rental prices and housing affordability in Arizona. This article delves into the details of the lawsuit and my opinion about the […]

Young woman in a striped shirt using a laptop at her kitchen counter, deep in thought with a pen in her hand.

Building Wealth: Your Guide to Rental Property Investment

Real estate investment offers a compelling path to financial security, promising passive income, portfolio diversification, and long-term wealth accumulation. For beginners, rental properties provide an attractive entry point. This comprehensive guide explores the fundamentals of real estate investment, from understanding market dynamics to navigating property management. Charting Your Course: Goals and Market Analysis Before diving into the real estate market, solidify your investment goals. Are you seeking steady passive income, aiming to build long-term equity, or hoping to diversify your […]

Person writing notes on a checklist while sitting on a couch, focusing on home preparation tasks.

Essential Checklist for Snowbirds Preparing Their Arizona Home for the Summer

As winter retreats and temperatures rise, snowbirds begin their migration from sunny Arizona back to their cooler homes for the summer. Preparing your winter home before you leave is crucial to ensure it remains safe, secure, and well-maintained during your absence. Here’s a comprehensive checklist to help you get your home ready: Secure Your Home Lock all doors and windows: Ensure all entry points, including garage doors, are securely locked. Consider using dowel rods in older windows and sliding doors […]