fbpx

McCormick ranch Homes & Life Blog

Keep up to date on real estate & community news.
McCormick Ranch Homes Market Update – February 2020

McCormick Ranch Homes Market Update – February 2020

With 52 McCormick Ranch homes sold in February, we are kicking off 2020 in a hot market! That is 32 more closings than the previous month and 67% more than the number of homes sold in February of 2019. Inventory is at a near-historic low (and could drop lower), but...

read more
Impact of the Coronavirus on the McCormick Ranch Housing Market

Impact of the Coronavirus on the McCormick Ranch Housing Market

The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it continues to have...

read more
McCormick Ranch Market Update – January 2020

McCormick Ranch Market Update – January 2020

McCormick Ranch homes sales were average this past month. In this sellers market, a fresh new supply of inventory would be very helpful to keep the momentum going as we continue on in 2020. Do you hear that homeowners? Now is a great time to get your property listed,...

read more
Is Mortgage Debt out of Control?

Is Mortgage Debt out of Control?

The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative...

read more
The Ultimate Truth about Housing Affordability

The Ultimate Truth about Housing Affordability

There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis,...

read more
All Gave Some. Some Gave All.

All Gave Some. Some Gave All.

The weather in Scottsdale has been AMAZING. 70 and 80 degree temperatures in May? I hope you all enjoyed your Memorial Day weekend! A very big thank you to our men and women in uniform who have sacrificed and continue to sacrifice so much for our country. We remember...

read more
4 Most Popular Bottom Line Investments in America

4 Most Popular Bottom Line Investments in America

Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks, gold, and savings accounts. For the sixth year in a row, real estate has come out on top as the best long-term...

read more
Renters Paying Substantially More While Owning Costs Less

Renters Paying Substantially More While Owning Costs Less

In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical...

read more
Mainstream Concerns about an Economic Slowdown Revisited

Mainstream Concerns about an Economic Slowdown Revisited

Recently, we reported that many believe a recession could happen within the next two years. We explained that 70% of economists and market analysts surveyed last year believe that a recession will occur in 2019 or 2020 and that 42% of consumers currently looking to...

read more
The Benefits of a 20% Down Payment

The Benefits of a 20% Down Payment

If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage. The truth is that...

read more
Home Buyers are Optimistic About Homeownership!

Home Buyers are Optimistic About Homeownership!

When we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their experience, we get opinions and insights, and we read reviews online. There’s no...

read more
How Quickly Can You Save Your Down Payment?

How Quickly Can You Save Your Down Payment?

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. Using data...

read more

Welcome to Our Neighborhood! Stay in the loop with the amazing people, places, and furry friends that make life in McCormick Ranch so great!