Your Source for Fountain Hills News and Real Estate Information: 5 Reasons for Optimism in Fountain Hills Real Estate During 2013

Wednesday, January 2, 2013

5 Reasons for Optimism in Fountain Hills Real Estate During 2013

It's a New Year full of new opportunities in Fountain Hills real estate! Whether you are thinking of buying or selling a home, you can be optimistic during 2013. Here are 5 reasons why!

1. Mortgage interest rates are expected to remain low. According to industry analysts, rates are likely to remain less than 4% throughout the year.

2. Nationwide, home prices are expected to climb by about 3%.

3. New housing starts are predicted to reach 1 million units nationally by the end of 2013.

4. While the Federal budget debate is not complete and spending cuts may occur in the future, the worst-case scenarios in the "fiscal cliff" have been averted.

5. The Greater Phoenix real estate market closed 2012 with strong momentum! Median home prices in November 2012 were 31.9% than November 2011. This marked the 12th consecutive month of year-over-year price gains.

At the same time, distressed property sales in the Phoenix area show a steady decline. Bank-owned home sales represented just 17.2% of the market during November 2012. When you consider that foreclosure sales accounted for over 66% of the market in early 2009, we've made amazing progress!

Arizona real estate demand comes from domestic and international investors, retirees, relocating professionals, first-time home buyers and move-up buyers. In fact, the latter group is causing sales trends towards larger, well-appointed homes. We are seeing good sales activity in a variety of price levels, which further proves that the market is not being driven by distressed properties.

Some challenges will remain ahead of us during 2013. Mortgage loan approval can still be difficult for credit-worthy home buyers. Meanwhile, conservative home appraisals will keep the pace of sale price increases in check. Homeowners who wish to sell, but remain underwater in value, continue to wait for higher prices which keeps home inventory lean. All considered, real estate in Fountain Hills will be attractive for home buyers, but also very competitive!

Overall, Fountain Hills is positioned for home sales growth during 2013! We have the advantages of natural beauty, recreation, proximity to corporate centers, and ample shopping and dining. If you are considering a new home in Arizona, start by looking at the beautiful Fountain Hills homes available now!

Whether you are buying or selling a Fountain Hills home, put your trust in my 33 years of local real estate experience! I can help you make the most of today's opportunities in the Fountain Hills real estate market. I will also provide you the courteous, professional service you can count on! Contact me today for help with all of your real estate needs!

All the best to you in the New Year!

Tina Nabers
Nabers Property Management & Real Estate
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Hi, my name is Tina Nabers. Selling Real Estate in Fountain Hills is not a job for me, it's a lifestyle. I relocated with my family from Tempe, Arizona in 1973 and began working in what is now the oldest real estate office in Fountain Hills (Nabers Realty) in 1977. I have literally grown up in Fountain Hills since it began.

I am a full time Realtor and believe ongoing education is key to staying on top of the dynamics of the real estate industry. Besides taking the required 24 hours of education every 2 years, I like to take additional real estate classes to further expand my awareness of the changes occurring yearly in this industry. I currently hold the designations of Accredited Buyer Representative, Graduate of the Realtor Institute and have my e-Pro designation which is the National Association of Realtors Technology Certification Program.

With my dedication, knowledge and reliability, I have assisted hundreds of Buyers, Sellers, and Investors realizing their dream of owning real estate in Fountain Hills. I'm sure I can help you too! I know the market and the market trends, after all, I've lived thru a couple of them myself over the years! THIS IS THE BEST PLACE TO LIVE, WORK & PLAY. I know because I do!

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Nabers Property Management & Real Estate is a full service real estate company with over 30 years of experience serving the community of Fountain Hills, Arizona. Conveniently located in the center of town, we invite you to stop by our office and introduce yourself. We are members of the Scottsdale Association of Realtors, Arizona Association of Realtors, National Association of Realtors and the Multiple Listing Service.

Whether you are a first-time buyer, property owner or investor, long term tenant or a visitor looking for a seasonal rental, Nabers Property Management & Real Estate Company can assist you with all your real estate needs.

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Fountain Hills has been well known for its Fountain, its Great Fair, its Fountain Festival, its magnificent mountain views and very friendly people. Back in 1993 it was voted as one of the "50 Fabulous Places to Raise Your Family" and was featured on Oprah. After that review the community quickly became both a vacation Mecca as well as a place for permanent settlement. Accommodations from resort condos, bed & breakfasts and full service hotels have attracted vacationers as well as home hunters and investors. In the May, 2006 issue of the Phoenix Magazine's Annual "Best Places to Live" in the Valley, Fountain Hills was voted #1 out of 22 Valley communities!!

It was based on such issues as property tax rate, population, crime, school test scores and student-teacher ratios, park acreage and miles to Sky Harbor Airport, to name a few. When asked by visitors if Fountain Hills is a nice place to live we suggest they go to any local grocery or retail shop and at random, ask any shopper the same question. Obviously, residents will give the most objective answer and, as we can corroborate, we feel it is "one of the best places to raise a family", live, work and play.... Read more about Fountain Hills!