Ashley McKee, AZ Realtor

10/05/2023

Drooling over this fireplace🤩🫶

Meticulously crafted CUSTOM REMODEL just listed in Las Sendas!

DM me for more info.

06/17/2022

Wondering what the heck is going on with the real estate market?👇

If you recall, in March of 2020 the Federal Reserve implemented some massive action to help shelter our economy against the effects of the pandemic.
▪️They cut the Federal Funds Rate to 0%
▪️Purchased billions of dollars in Treasuries + Mortgage-Backed Securities
▪️Sent several rounds of stimulus money directly to the public + small businesses
▪️& more, but you get the point..

This not only resulted in the record low mortgage rates we saw over the last couple of years, but led to more money circulating in the economy and an increase in consumer spending. However, this demand for goods & services was met with unforeseen supply chain issues due to the virus. As we all know, more demand + less supply = higher prices.

Now throw in the surging gas prices due to the conflict in Ukraine & the cost of living is spiraling out of control. We are facing the highest rates of inflation our country since the ‘80’s.

In efforts to help combat this inflation, the fed has pulled the plug on their stimulus & began raising the Federal Funds Rate back in March. The goal is to reduce demand by making it more expensive to borrow money & allow for prices to come back down/stabilize.

The Real Estate Market is reacting accordingly. Though the Federal Reserve does not set mortgage rates, it certainly affects them. We’ve seen a quick & significant rise in mortgage rates this year & it has had a major impact on Buyer demand resulting in a huge increase in housing inventory across the Phoenix market.

Right now we are in the midst of a shifting market and seem to be track to return to some normalcy in the marketplace. What is unprecedented is how quickly these changes have occurred.

So if you’re a Buyer who decided to put your home search on hold due to the competitive environment over the last couple of years, it might be a good time to start looking again. If you are considering selling, there probably won't be a better time in the near future.

If you have any questions about this changing market, shoot me a dm!
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05/04/2022

Is the real estate market finally starting to cool down?!

Our market remains very strong, still far above normal - BUT active listings have rose considerably over the last 6 weeks. If this trend continues we could be looking at a very different market in several months.

Do you think the market will finally shift this year?
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03/25/2022

Attention Buyers!

The Phoenix market is up 8.2% from the beginning of the year (equal to an annual appreciation rate of 39%) + mortgage rates have risen 1.25% in that same time. Prices & rates are projected to continue to rise throughout the year.

If your goal is to buy a home this year, you might want to consider doing so sooner than later.

Let's chat! 📲480-375-5392

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03/21/2022

Although resale & new construction homes show very little sign of weakness, the same cannot be said about the rental market. Available rental supply (in our MLS system) is up 60% in the last 5 months & the average lease price per sqft is down from this time last year. This might suggest that the era of quickly rising rents is coming to an end.

In February, there was a 24% increase in homes purchased by landlords to become rentals than in 2021. With the large amount of new rental supply coming to the market, rents are likely to stay fairly flat.

The rate at which prices are still rising for resale & new home construction is still astonishing & there are no signs of it stopping anytime soon.

If rents stay flat & home prices + mortgage rates continue to increase, this could dampen the demand for homes to buy. However, housing market indicators move slowly & our supply levels are so low that any shift in demand could take months to be realized.

As for now, our real estate market is far from weak and will continue to see prices appreciate for the foreseeable future.

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03/07/2022

Conflict in Ukraine is causing financial uncertainty & economic volatility, but experts predict the housing market through 2022 to remain unchanged - "strong but stabilizing".

Some impacts we might see include:
▪️Slowing rise in mortgage rates
▪️Reduced consumer confidence in the market
▪️Rising gas prices could dampen Buyer demand

Redfin Deputy Chief Economist Taylor Marr says the Russian invasion of Ukraine and the resulting economic uncertainty is likely to impact the U.S. housing market in several key ways.

03/02/2022

The average homeowner in Arizona gained $92,000 in equity last year.

Ready to stop renting & invest in your future? Let’s chat!

📲480.375.5392

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02/17/2022

Oh heyy, 👀

This charming home sits on 2.5 acres tucked up against the Goldfield Mountains. You can’t beat these views 🤩

Just listed at $575,000
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02/15/2022

Just over here searching for some more homes to sell😅

I think I'm running out of ways to say how low the housing inventory is. As of this morning, there are only about 4,600 active + available homes in the market. This is everything from mobiles to mansions across the Valley + beyond.

According to our local housing analyst, we will need to see supply levels achieve a range of 16,000-24,000 listings before demand will finally drop enough for prices to stabilize.

Hold on tight, it's going to be another crazy year for the Phoenix real estate market!

06/10/2021

New to the Market!
📍Gilbert, AZ
5 beds + 3 baths (1 bed + bath downstairs)
3,872 sqft + HUGE bonus room

Open House Saturday, 10-12pm
For more info: http://bit.ly/4108EKroll

Call, text or message me for more information or to schedule a virtual or private showing.

Ashley McKee | Realty Executives
📲480-375-5392

06/09/2021

Maricopa County is the fastest growing county & Phx Metro is the 2nd fastest growing metropolitan city in the US, growing by 291 people a day.

The entire Phoenix-Mesa-Chandler metro area grew by an estimated 106,008 to 5.1 million people, the fastest growth of the top 10 metro areas.