Todd S Hall, The Phoenix YouTube Realtor

10/14/2024

Worried about a housing market crash? Here's why supply and demand show you don't need to be.

In a balanced market, we see about a 6 months’ supply of homes for sale – meaning supply and demand is about equal. Back in the 2008 crash, that jumped way up to 13 because there were too many homes for sale. And today, we have only a 4.2 months’ supply.

This shows we're not even back to normal – and we’re really far off of what happened in 2008. That’s why a crash isn’t expected.



Todd S Hall, The Phoenix YouTube Realtor
480.771.2299

10/11/2024

How Much Does It Cost To Sell My House?

If you’re toying with the idea of selling your house, you’re probably wondering how much it’ll cost. To be honest, the final number will depend on several factors like the offer you accept, if you help with your buyer’s closing costs, how many repairs you tackle, and more.

Closing Costs and Commission

These are the fees you’ll pay at the closing table to cover various aspects of the sale. You’ll have your own closing costs and you may even offer to pay some of the buyer’s as a concession.

Pre-Listing Inspection and Repairs

One optional step some sellers take is having a pre-listing inspection. It gives you an idea of what may pop up later on in the buyer’s inspection – because those are the items a buyer may ask you to toss in a credit (or concession) to cover later on.

This allows you to get a jump on any repairs and...



Todd S Hall, The Phoenix YouTube Realtor
480.771.2299

If you’re toying with the idea of selling your house, you’re probably wondering how much it’ll cost.

10/10/2024

Two Reasons Why the Housing Market Won’t Crash

You may have heard chatter recently about the economy and talk about a possible recession. But here’s the good news – there’s no need to panic. The housing market is not set up for a crash right now.

1. Demand for Homes Is Higher than Supply

One of the biggest reasons the housing market crashed back in 2008 was an oversupply of homes. Today, though, it’s a very different story.

It’s a general rule of thumb that a market where supply and demand are balanced has a six-month supply of homes. A higher number means supply outpaces demand, and a lower number means demand outpaces supply.

2. Unemployment Is Still Low

When people are unemployed, they’re more likely to have trouble making their mortgage payments and may be forced to sell or face foreclosure. That was a big problem during the 2008 financial crisis. Today, the...



Todd S Hall, The Phoenix YouTube Realtor
480.771.2299

You may have heard chatter recently about the economy and talk about a possible recession.

10/09/2024

Thinking about pulling your house off the market until next year? Think again.
Buyers who look during the fall season are serious and eager to move quickly, especially now that mortgage rates are down from their recent peak.
So, don’t miss out. Keep your home listed to attract motivated buyers who are ready to negotiate and want to close fast.



Todd S Hall, The Phoenix YouTube Realtor
480.771.2299

10/08/2024

This Is the Sweet Spot Homebuyers Have Been Waiting For

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers—and it’s one that may not last long.

The truth is, if mortgage rates continue to ease, as experts project, more buyers will jump back into the market. A survey from Bankrate shows over half of homeowners would be motivated to buy this year if rates drop below 6%.

With rates already in the low 6% range, we’re not terribly far off from hitting that threshold. The bottom line is, that when they drop into the 5s, the number of buyers in the market is going to go up – and that means more competition for you.

What This Means for You

Right now, you’ve got the chance to...



Todd S Hall, The Phoenix YouTube Realtor
480.771.2299

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move.

10/07/2024

Looking to sell your house in today’s shifting market? The secret to standing out and selling quickly is to hire a pro.
An agent will use market data to find the right price, give advice on what repairs to tackle for maximum impact, and what concessions you may want to consider (like help with closing costs).
Let’s connect to come up with the strategy that’s right for you.



Todd S Hall, The Phoenix YouTube Realtor
480.771.2299

10/04/2024

Home Values Rise Even as Median Prices Fall

Nationally, home values are actually rising, even if the median price is down a bit. Let’s break down what’s really happening so you can make sense of the market without getting caught up in the fear the headlines create.

Homes on the Market Right Now Are Smaller

The biggest reason for the dip in median price is the size of homes being sold. The median price reflects the middle point of all the homes for sale at any given time. And that’ll be affected by the mix of homes on the market.

Right now, there’s a greater number of smaller, less expensive homes on the market, and that’s bringing the overall median price down. But that doesn’t mean home values are declining.

Price Per Square Foot Is Still Rising

This means that while smaller homes are affecting the median price, the average home’s value is still rising.

So, while...



Todd S Hall, The Phoenix YouTube Realtor
480.771.2299

Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion.

10/03/2024

Buy Now, or Wait?

Buy Now, or Wait? You may be tempted to wait until mortgage rates come down even more. But here’s what you need to know. If you wait, you'll have to compete with all those other people when you go to buy your next home. You have a chance to get ahead of the other buyers right now. Let’s connect and make it happen.



Todd S Hall, The Phoenix YouTube Realtor
480.771.2299

10/02/2024

Are you waiting for rates to drop below 6%? You may want to rethink that strategy because other people are going to do the same thing.

If rates dip more, it’s likely that buyer competition will go up, driving prices higher.

Right now, we’re in a sweet spot with lower rates and more homes to choose from.

Want to learn more about why buying now might be the better move? DM me.



Todd S Hall, The Phoenix YouTube Realtor
480.771.2299

10/01/2024

Buying Beats Renting in 22 Major U.S. Cities

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments.

As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country.

You see, talking with a local real estate agent about what’s happening in your market before this happens in your ideal neighborhood could really change the game for you. It’s all about being informed by a true expert, and understanding what was out of reach before might actually be getting more affordable than you think.

Now, while this study compares monthly rent to principal and interest on a mortgage...



Todd S Hall, The Phoenix YouTube Realtor
480.771.2299

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments.

09/30/2024

You're probably wondering: is it better to move now or wait?
To make sure you’re making the best decision possible, let’s chat.
Together we can go over other market factors that may have an impact on your decision – like buyer demand, home prices, and the potential to gain equity.
And once you've got all the information, you can decide if buying now makes more sense for you.



Todd S Hall, The Phoenix YouTube Realtor
480.771.2299

09/27/2024

Trust me – you don’t want just any agent when you buy or sell a home.

You want someone who specializes in your local market.

Because what you’re hearing on the news may not apply where you live. And you need someone who can give you that expert perspective on your neighborhood too.

Want a rundown of what’s happening in our area? DM me.



Todd S Hall, The Phoenix YouTube Realtor
480.771.2299