The numbers are in and 2021 marked a 39-year high in Inflation with a whopping 6.8% increase. The housing market continued to climb due to a shortage of homes available for sale coupled with high demand. We saw an average year-over-year increase in sales price of 25.3%. That equates to an average sale price increase of $168,867 compared to just one year ago. The largest Continue Reading
Mortgage Pre-qualification vs Pre-approval
One of the first questions I get from a first time homebuyer is "Why do I need to get a pre-qualification from a lender before we go look at houses? Is it really necessary?" The short answer: YES! The why behind: Our standard Arizona purchase contract (section 2a) states that "an AAR Pre-qualifiction Form IS attached" with the offer. Therefore, in order to abide by the Continue Reading
