Laurie Carminucci Real Estate

02/27/2025

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02/25/2025

Here’s some myth busting for you! Hope you find it helpful!

Myth #1 - Buyer demand is declining. This was true in 2022 and 2023 but is no longer true today.

Myth #2 - There is very little to buy under $300K. This was definitely true a few years ago, but not today.

Myth #3 - My income is too high to qualify for any homebuyer assistance programs. Some grant and down payment assistance programs correlate to an area, not income. Finding a qualified loan officer to explain these programs could save thousands of dollars.

Myth #4 - I need to be a first-time homebuyer or renter to qualify for homebuyer assistance programs. In most cases, this is not true. They may “say” first-time home buyer, but if you haven’t owned a home in 3 years or more, you’re a first-time home buyer.

Myth #5 - Mortgage rates are too high; there’s nothing to be done about it. 57% of January sales between $200,000-$600,000 involved seller-paid incentives, most went towards a temporary buydown of the mortgage rate, and many home builders are providing permanent rate buydowns.

Myth #6 - Housing is in a bubble and home prices are on the precipice of a crash. Greater Phoenix may have already had a bubble and price crash in 2022 when prices rose to their peak by May and declined a whopping 12.3%. Since then, prices bounced and stabilized with most price ranges seeing less than 2% appreciation year over year today.

Myth #7 - I’ll sell my home “as-is” and price it aggressively with buyer incentives. This worked in the mild seller’s market of 2023 and first part of 2024, but not now. In a buyer’s market, it’s okay to sell your home “as-is” so long as it “is” in excellent condition.

12/19/2024

Excellent news! 🎉 🏠
NOW is one of the best times in over 24 years to buy a home in the Phoenix Metro Area - but this opportunity won't last long. Let me know if you’d like to schedule a private consultation and get started on your path to purchasing.

10/21/2024

Market Update! Have questions? Let’s chat!

08/16/2024

Looking to buy or sell? Check out this Current Market Update and let’s have a chat!

Home prices have remained relatively flat year over year (+1% from last July). The median sales price in July 2024 was $443,245. It is typical for our market to slow during the summer in terms of accepted contracts, but historically we see a spike in activity in September/October.

Interest rates are now being quoted in the mid 6% range for a 30 year mortgage, which is good news for buyers who have been waiting for rates to come down. For every 1/2 percent change, a buyer's purchasing power increases by 6% (see below). What's more, in July, over 50% of all sales included concessions with a median of $10,000 of seller paid concessions to the buyer.

Finally, the median days on market in July was 37 days.

07/29/2024

It’s monthly market update time! Check out these slides to learn a little more about buying and selling right now in the Phoenix metro area!

07/15/2024

Posting some helpful information on behalf of a professional in Financial Services.

🔍 Deciphering Indexed Universal Life Insurance:

Ever pondered about Indexed Universal Life (IUL) insurance policies? They're making waves, but let's delve into what sets them apart and why caution is advised.

IULs tout potential benefits but only for certain individuals like those listed in the diagram below.

They're not a one-size-fits-all solution. Their complexity warrants careful consideration and comparison with alternative financial strategies.

Before committing to sales tactics and buzz words, seek guidance from a trusted fiduciary advisor to ensure an IUL aligns with your unique financial situation. And if you don't have one, don't hesitate to send us a message to learn more and find out what is right for you. Knowledge shields against potential pitfalls! 💡

07/14/2024

If you are looking to buy or sell your home, I’ve got you covered! Currently, we are under contract and I could not be happier for our clients! We received an offer on the sale of their townhome before it officially hit the market and we helped them make an offer that was accepted on the new single family home they are buying!

As a realtor, it is so important to have strong negotiation and communication skills and it’s been so much fun putting them to work alongside my amazing teammate and friend Rachel Rucker!

This is such an exciting time for our clients and we could not be more grateful to represent them!

Have you been considering a move? Let’s chat and see if this may be the right time for you!

07/14/2024

Comment “yes” if you love the design!It’s open house time! The gorgeous 4 🛌, 3 🛁 home is waiting for YOU to make it your own. Meticulously updated, this sought-after McCormick Ranch beauty is over 3,200 sq. ft. and move m-in ready with a luxurious, yet functional open-floor plan. Want more info? Message me for details!