Melanie Blatt Realtor AZ

03/31/2023

Priced to Sell! Vacant No Appointment Needed.

03/13/2023

Reduced price to $397,750!
Open house. 03/18 11:00PM to 4:00 PM

01/14/2022

Israel Can Help Our Water Drought.
The Central Arizona Project, which delivers Colorado River water to more than 80% of Arizona’s growing population, is taking a three-pronged approach to the mega drought that has resulted in the first water cutbacks to Arizona farmers. Israel developed a system converting flood-irrigated fields into a drip system that uses gravity, with no external form of energy.
To help a gazan neighberhood they installed the system to provide drinking water.

Watergen’s water-from-air machine steps in to ease the situation of Gaza’s rapidly depleting water supply.

01/07/2022

The

12/21/2021

At its December meeting, the Federal Reserve announced they will address booming inflation by accelerating the reduction in their monthly bond purchases and likely raise interest rates three times in 2022. The move now signals that the Fed is concerned about rising prices and the risk that they become entrenched in the economy. No longer is the current inflationary trend thought of as transitory. This shifts the focus of the bank’s policy which, up until now, has been on stimulating the economy and getting Americans back to work.

The Fed now indicates it will end its bond purchases by the middle March instead of June. That move clears the way for an interest rate increase in the first half of next year. A majority of the Federal Open Market Committee’s 18 members expect three quarter-percentage point hikes next year followed by three more in 2023 and possibly two in 2024. Expectations are that the inflation rate will decline to 2.6% by the end of next year.

What does all this The Decision is in: The Fed Will Take on Inflation
mean for the housing market? The National Association of Realtors believes mortgage rates will drift higher due to the Fed’s actions and will likely hit 3.7% by the year-end 2022. Home sales may decline slightly due to the higher mortgage rates but will not crash thanks to job gains and the work-from-home reshuffle in residential location choice. Softer housing demand combined with more supply is expected to calm home price growth.

12/06/2021

Reach Out To Me For Personalized Service!
Since the start of the recovery, the U.S. has recovered 18.5 million jobs, or 82.5% of the jobs lost. Only the Financial Activities supersector has recovered fully.

The national average retail price for regular gasoline was $3.380 per gallon on November 29, $0.015 per gallon less than the prior week's price but $1.260 higher than a year ago. Gasoline production decreased during the week ended November 26, averaging 9.6 million barrels per day. U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ended November 26 — 9,000 barrels per day less than the previous week's average. Refineries operated at 88.8% of their operable capacity, up marginally from the prior week's level of 88.6%.


Arizona Snapshot:

The Case-Shiller index continues to show incredible housing price increases, albeit at a decelerated rate. The composite-20 index grew at 19.1% from a year ago, down from 19.6%. Greater Phoenix saw prices increase decline from 33.3% to 33.1% in September. Greater Phoenix was the only metro to grow over 30% with Tampa being the second fastest growing at 27.7%.

Arizona is expected to recover all jobs lost before the end of the year. Through October 2021, Arizona has recovered 325,400 jobs or 98.2% of jobs lost during the recession of 2020. Arizona needs to add 6,100 to reach the level of February 2020. Greater Phoenix fully recovered back in August 2021 and was currently up 14,100 jobs from the February 2020 level. Greater Tucson remains 9,900 jobs below the pre-pandemic high.

Great news—The 2022 conforming loan limits have been released by the Federal Housing Finance Agency (FHFA) and are higher than previously anticipated! Limits raised to $647,200. Buyers now have more
buying power!

Eye on the Week Ahead
The first report on inflationary trends is available this week with the release of the November Consumer Price Index. Prices rose 0.9% in October and have risen 6.2% over the past 12 months. With the holiday season in full swing, consumer prices are not expected to show any significant slowdown.

11/29/2021

What area do you want to sell or buy? Contact me for a free in-depth review.

Maricopa County receive 222 new people PER Day. This includes new births.

The number of contract signings grew 7.5 percent from September to October, the National Association of Realtors reports.

11/24/2021

in the "Night "Premier "Drive
"Thru "Light

11/24/2021

Your Thanksgiving Events
Nov 25-Dec 01 l Phoenix Region

Sales, Santa, Lights and More!
Happy Thanksgiving!

Thanksgiving Day Parade
Downtown Fountain Hills Map
Thu. 11/25, 9:30am-11am

East Phoenix Area Movie Times
Roadhouse Cinemas-Scottsdale
Harkins Theatres - Arizona

Santa Photos
Elevate Coffee Co., Phoenix Map
Sat. 11/27, 11am-1pm

Kiwanis Christmas Jubilee
Sanderson Lincoln Pavillion, Carefree
Sat. 11/27, 10am-5pm Map

Annual Tree Lighting & Santa
Wigwam Front Lawn, Litchfield Park map
Nov 26, 5:30-8:00pm

Downtown In December Glendale
Enjoy lights downtown,Catlin Court
Now - Jan 09, map

ZooLights
The Phoenix Zoo Map
Through Jan. 15, 5:30pm-9:30pm

Merry Main Street
Tree Lighting, Fri 26th, 5-10pm
Downtown Mesa Map
Through Jan. 1, t

11/18/2021

https://www.worldofillumination.com/park/reindeer-road/location-tempe-az

11/18/2021

https://conta.cc/3Fou1S4

Who doesn't love roasted turkey during a holiday family gathering? Learn how to roast a turkey with this appetizing 7 ingredient classic turkey roast recipe.