How Increased Mortgage Interest Rates Affect You

There is SO MUCH in the news about rising mortgage interest rates lately. It seems like just a moment ago we were seeing mortgage rates hovering around 3.75%. Those days are very likely behind us as we approach 5% and beyond on a more regular basis. While this might seem catastrophic to some, the reality is that rates below 5% are NOT the norm. The average interest rate over the last 50 years is somewhere between 8% and 9%. Regardless of that fact, increased mortgage interest rates will affect … [Read more...]

Arizona Real Estate Market Benefits From New Tax Plan

  There remains a good deal of confusion about the new tax plan put in place for 2018 as the new associated regulations trickle out. My tax accountant, Dan Dipomazio, CPA, is working hard to stay on top of those incoming regulations and keeping me informed about the real life consequences to my specific situation. A NY Times opinion piece in todays Review section articulates my theory about how the Arizona real estate market benefits from the new tax plan. 'New caps on the home … [Read more...]

Considering Selling Your Home? Don’t Delay!

Every November I spend hours working on my business plan for the coming year. I look at how things went in the current year and plan for growth in the next. I'm pleased to announce that The Sharyn Younger Team had a great 2017, having sold 30 homes and sourcing 90% of our business through referral. A great big thank you to those of you who trusted your family and friends real estate needs to our team. My current business planning turned up the following observation: I have three times as many … [Read more...]

LUXURY CONDOS IN CHANDLER: Simple yet tasteful living

The baby boomers....They've been credited or blamed for so much that has shaped our society over the past several decades. And now we're starting to see the housing market respond to a shift in their home buying behavior.  Have you noticed all of the luxury condos in Chandler and other parts of the valley? Those either retiring or planning to soon, whose birds have flown the nest, are ready not only to downsize, but to simplify as well. Yard work? Um, No! Outdoor maintenance? Who needs it? A … [Read more...]

Coronado Historic District in Phoenix

Downtown Phoenix is experiencing a renaissance. With the arrival of the light rail in 2008 we've seen an explosion of new residential home options with shiny high-rise condominiums, state of the art apartment buildings and interesting in-fill projects dotting the area. New restaurants and clubs surround the downtown campus of Arizona State University and run the length of Central Avenue from Roosevelt to the south up to Northern Avenue to the north.  As anticipated, we've also seen some of the … [Read more...]

Is Buying Phoenix Rental Properties A Good Investment?

I've always said that the smartest people I know don't know everything. But they know people who have the answers to their questions. One of the things I love about real estate is the constant learning experience. And I'm smart enough to know that I don't have to have every answer to every question; but I better know the people who do. That's how I am helping investors add real estate to their portfolios and build wealth for themselves and their families. My go to real estate investment guru is … [Read more...]

Downtown Phoenix is Rising and Diverse housing options abound

Have you been to downtown Phoenix lately? There is an incredible amount of activity around the light rail. Hot new restaurants and clubs seem to be coming in every month; new business and corporate headquarters are filling up high-rise buildings; supermarkets are sprouting up to serve the influx of people wanting to be in the center of the action. Phoenix is rising and diverse downtown Phoenix housing options abound. I first moved to Phoenix from New York in the early 80's. While I loved the … [Read more...]

Are we in a housing bubble?

The most frequent question I'm asked lately is "are we in a housing bubble?".  The Phoenix housing market was predicted to be among the hottest in the country in 2017 and now that we're through the first third of the year, I'd say that prediction is on track to being right on the money. With homes appreciating at a nice clip and inventory shortages at some price points resulting in multiple offers, it would be easy to conclude that we're in a housing bubble. Especially those who lived through … [Read more...]

Ahwatukee and the Loop 202 South Mountain Freeway

  There's been so much press about the expansion of the Loop 202 South Mountain Freeway down Pecos Road in Ahwatukee to connect the east valley and the west valley. Opinions vary as to the wisdom of running the freeway through the southern portion of Ahwatukee. Some have been dead-set against it. Some feel that of all the options that have been considered, this is the most practical. Regardless of where you stand on the matter, the fact is, it's becoming a reality. Homes have been … [Read more...]

Chandler Chamber of Commerce Economic Update: JOBS!

The Chandler Chamber of Commerce Economic Update was held last week at the San Marcos Hotel and the word of the day is JOBS! While I don't have the exact figure related to how many new jobs came to Chandler in 2016, how's this for a round number: A LOT! Companies like NXP, Republic Services, DaVita RX, ETW Software, State 48, Wells Fargo, Bank of America, Orbital, Rogers Corporation, and many others either opened or expanded in Chandler last year. Anywhere from 50 - 600 jobs have been added by … [Read more...]