How to Decide Between Buying Your Starter Home or Your Forever Home

If you’re ready to buy your first house, it may be difficult to choose between a starter home or your forever home. Here are some ideas to think about when you’re reviewing your options.

Buying and Insuring a Property

When you buy a home, you also need insurance. Homeowners insurance only covers the structure of the property, injuries, or belongings in a burglary. A home warranty is another option that covers your home systems and appliances. Home warranties are renewable annual plans that help cover the costs of appliance repairs and major systems breakdowns, such as HVAC, plumbing, and electrical. To choose the best one for your needs, home warranty reviews are a good place to start.

Starter Home Pros and Cons

Buying a starter home is one way you can be a homeowner. A starter home is a property you plan on selling at some point in the future when you’re ready to upgrade. Here are factors to consider with a starter home. 


Housing prices continue to rise, with the median U.S. home price at $375,000, according to the U.S. Department of Housing and Urban Development. Starter homes are usually lower than the national average.

Less Upkeep

Your starter home may also not require as much upkeep, especially if you plan to move within five years. A smaller home also costs less for repairs and other maintenance items.

Potential for Producing Income

Starter homes can also be used as rentals when you decide to move. Consider keeping a starter home and renting it out to get a second income.

Smaller Space

The cost savings may also come with a smaller living space. In most states, home sizes are getting bigger, so a starter home may feel cramped.

More Outdated

Starter homes are usually older and less modern. If you purchase a cheaper starter home, you may have outdated appliances and older decor that hasn’t been updated.

Neighborhood Issues

The first home you buy may also not be in the best neighborhood. If your home is in a bad neighborhood, there could be more property crime and safety issues.

Forever Home Pros and Cons

First-time buyers also can decide to immediately buy their forever home. This approach also has some financial and lifestyle pros and cons.

Setting up Roots

The biggest pro to moving right into your forever home is to set up your roots. This can help you avoid moving again and keep you in a great neighborhood.

Potential to Grow Your Family

Buying your forever home as your first property also gives you the flexibility to start growing your family whenever you want. Couples that plan to have children can have enough space and bedrooms to expand.

Able To Invest in Unique Decor

Another pro is that you can buy big-ticket items, heirloom furniture pieces, and unique decor without having to worry about moving them later. You can also add a pool, hot tub, fence, garden, and custom landscaping.

More Expensive

The top con of buying your forever home first is the cost. A larger home may give you some sticker shock. There is also the higher cost of utilities and property taxes to consider.

Lots of Upkeep

Finally, you also may need to invest more time and money into maintaining your forever home. Maintenance and repairs may be pricier than a typical starter home and may require some sweat equity.

Investing in a starter home or purchasing your dream forever home is a big step in life. Whichever path you choose, you can be a homeowner and start living your dream. Have the Russell Shaw Group on your side. Reach out today.

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May 2022

Dramatic Market Shift

We have been sounding the alarm bells for months that the market was shifting – even if no one was feeling the impact.  In the last few weeks, the numbers are confirming a dramatic shift.  Here are the facts – rather than clickbait headlines.

The alarming news

Overall the supply of active properties is up 40% from this time last year. More shockingly, the supply of MLS properties for sale is up 45% in 6 Weeks.  Pretty dramatic, right?  The Cromford Report shares these numbers:  “Inventory listed between $400K-$500K is up 35% in just 3 weeks. Counts in all segments between $500K-$1M are up 99% in 6 weeks and the count from $1M-$1.5M is up 54%, also within 6 weeks.” If you are a seller or would-be seller, this is important information confirming a radical shift is under way.  Jumping numbers of available properties are not good news for sellers.  But please, read on.

What is happening?

Not surprisingly, the rising prices along with the rising interest rates are doing what they are supposed to – dampen demand.  Interest rates rise quickly and lower slowly.  Thereby affordability is taking a big hit that is not going away soon.  For those shocked by interest rates in the 5% range (having become acclimated to rates in the 3% range) we gently remind you that historically rates have averaged in the 8% range.  But back to supply, it is not that a flood of listings are coming to market but rather less are going under contract.  That is what dampened demand looks like – less things selling.  When less things sell, supply builds.

What this means and why not to panic

Not all price points are experiencing rising inventory in our market.  The properties below 400K are still scarce and in high demand.   Additionally, the overall number of available properties remains ridiculously low.  The Cromford Report confirms: “As of this report, the supply count is 7,157, still 72% below normal for this time of year but rising quickly”.  We repeat, 72% below normal.

What does this all mean?  If you are a buyer shopping in the 500K+ market – you will have more choices and less competition.  If you are a seller, your prices are not dropping and you still have below normal competition.  The Cromford Report summarizes:

“The market is in the early stage of shifting out of an insane seller market and into a mere frenzy seller market. Before we know it, it could be a regular old hot seller market where properties still appreciate but take multiple weeks to sell…While the market is still strongly in favor of sellers, it is changing rapidly. For those sellers waiting to sell close to the peak of price, this may be the time to list. Prices are still projected to continue rising, but at a slower pace over the next few months.”

We hope this helps put in to perspective the shift.  Caution is advisable, fear is not.  If you have questions about buying or selling in today’s market, contact us.  Market knowledge is our business.

Russell & Wendy Shaw

(Mostly Wendy)

The Market Signals a Shift

“The bad news is nothing lasts forever. The good news is nothing lasts forever.”

― J. Cole

In our last article, we speculated that the market may have peaked.   More and more signals of a shifting market seem to reaffirm our suspicions. But, as we try to remind both buyers and sellers, the real estate is not the stock market. Housing moves slowly. Shifts in demand are quicker than shifts in housing supply. So while the scarcity in supply has been the controlling factor in the housing market for a number of years, demand is now the impedance behind this subtle shift.

Demand is dropping

What is driving this drop in demand?  Not surprisingly – reduced affordability. The combination of rising prices and rising interest rates are doing exactly what they are supposed to do, reduce demand.  At least in the case of the owner occupied buyer.  However, supply and demand are still strongly unbalanced in favor of sellers.  This makes the change imperceptible to most.  From the Buyers perspective, selection is sparse and prices steep.  On the Seller’s side, they have gone from receiving the once typical 20+ offers in the first 2 days, to now typically only 3-4 in the first week.  But sellers are still selling at above asking prices to exhausted buyers.

Tina Tamboer of the Cromford Report confirms what we are seeing:

The market continues to heavily favor sellers. Supply is still 76% below normal for this time of year and demand is 6% above normal. However, demand is declining in response to recent increases in interest rates. Just 30 days ago, demand was 12% above normal, and 30 days prior to that it was 21% above normal… However, in just a few short months, the average interest rate increased from 3.1% in December to 4.7% by April. This resulted in a $500 increase in the estimated payment on a 1,500-2,000 sq. ft. home, pushing the cost to buy significantly higher than the cost to rent in Greater Phoenix.

This does not mean the market is at its peak, or at the precipice of a price decline. The only response we are seeing at this time is a sharp increase in supply between $500K-$1M over the past 2 weeks, a price range that happens to have less interest from investors and 2nd home owners and a higher market share of owner-occupants.

Rental rates are dropping

Most people think that the rental market and the resale market are two very distinct markets with little connection.  Not exactly.  Any increase in net migration to the valley must be met with the near equivalent in housing –either in the form of ownership or rental.   When rentals become more plentiful than tenants, rental rates decline.  When rental rates decline below the cost of a house payment, first time home buyers rent rather than buy.  This further reduces demand for resale homes and interrupts the chain of buying (i.e. the first time homebuyer does not buy the entry home which allows that seller to buy their next home, and so on up the chain about 7homes deep).  Losing thefirst time home buyer to the rental market has a serious impact on the resale market.  Further, when rental rates decline, investors with a rent and hold business model leave the home purchasing market for better returns on their dollar– further weakening demand.  As the Cromford Report confirms:

“Over the past 4 weeks we have seen a 34% increase in the number of new rental listings added to ARMLS compared with the same 4 weeks in 2021. There has also been a 20% increase in the number of rental homes available in Phoenix on the Progress Residential web site over the past 4 weeks.

Renters of single-family detached homes are seeing far more choice than they did last year and we are starting to see homes advertised with “the first month’s rent is free”. Rental supply is particularly strong in Gilbert.

This appears to be a significant turnaround in the rental market and it does not seem to have been recognized by the media outlets, who are mostly still referring to rising rents. That is so 2021.”

Supply is slowly rising

When demand drops, it allows for supply to increase.   As of the writing of this article, the active properties for sale on MLS sits at a meager 5,487. To achieve a normal level of supply, we still need about 20,000 more properties for sale than are currently on the market.  As we mentioned, increases in supply take time.  How quickly that supply builds will determine the alacrity with which the market rebalances.


Does this mean prices are posed to plunge? In the short term, no. Price is a trailing indicator in housing, not a leading indicator.    In order for prices to level out or drop, supply needs to exceed demand. Pricing can trail a shift in the market by as much as a year or more.  Therefore, we expect pricing to continue to rise this year.  As the Cromford Report points out: “While it’s reasonable to expect price appreciation to slow down at some point, there is little evidence at this stage to show prices declining in the near future.”

Selling your home

This market has allowed for all methods of selling to appear successful – as a strong market can cover up mistakes.  As this market shifts, it will be increasingly important that sellers hire the right agent to sell their home.  Whether seeking a no commission cash offer or professional marketing program to maximize your net – the right agent can give you all the choices that protect your selling power.  We certainly know that we can.

Have more questions or are curious about your home and when is the best time to sell?  Contact us we are always here to help.

Russell & Wendy Shaw

(mostly Wendy)

Keep, Rent, or Sell: How Seniors Can Decide What to Do With Their Phoenix Home When Downsizing

Deciding what to do with your Phoenix home once it’s time to downsize is tricky. You have three main options – keeping it, renting it out, and selling – and each one comes with pros and cons.

While it seems straightforward, downsizing usually comes with a slew of other decisions. For example, if you now require 24/7 medical care and can no longer live safely in your current house, you’ll need to figure out where to move to might feel overwhelming. While you can look online for detailed facility reports, pricing info, payment options, and reviews from other families for nursing homes in Phoenix, it’s a lot to handle.

Seizing opportunities to make any decision easier is essential. That way, you can choose a path quickly, allowing you to move forward. If you’re debating between keeping, renting, or selling your current home in Phoenix as you prepare to downsize, here are points to consider.

What to Do With Your Home: Keep vs. Rent vs. Sell

The Pros and Cons of Keeping the Home

Usually, the main benefit of keeping the home is the ability to pass it down to a family member. That’s especially true if the house is paid off (or nearly so) and in good repair. In that case, it can provide a family member with a substantial amount of value without many of the financial hassles that come with the ownership transfer. However, it’s still possible to inherit property with a mortgage, so keep that in mind.

When it comes to drawbacks, ongoing costs and maintenance are a big part of the equation. Even if the house is paid off, you’ll have to deal with property taxes and insurance. Plus, maintaining the structure and systems is essential to keep the house in good shape, which isn’t always cheap.

If you’re on a tight budget and can’t transfer ownership immediately, then merely keeping the house might not be a great option. But if that doesn’t apply and you want to pass it down, it’s worth considering.

The Pros and Cons of Renting the Home

Renting the home can be the right choice if you want to generate long-term income and are open to navigating ongoing expenses. While you’ll still owe property taxes and have to cover maintenance costs, you’ll typically get a set sum from your tenant each month the house is occupied.

As for the drawbacks, operating as a landlord can be a lot of work. Landlords have specific obligations, and they can be a lot to manage. While you can choose to hire a property manager instead, you’ll have to direct some of your rental income to cover that cost. Depending on what the property manager charges, that could significantly limit your earning potential.

There can also be some tax complexities you’ll need to navigate. Additionally, if the property is occupied when you pass, it can lead to difficulties for the heir.

The Pros and Cons of Selling the Home

Generally speaking, selling your home has a few drawbacks. The main one is that you can’t pass that property down to an heir.

Otherwise, most of what you’ll experience is benefits. The Phoenix housing market is hot, with prices rising 31.3 percent year-over-year (as of February 2022). Plus, the demand for housing is expected to remain high throughout 2022. While mortgage rates are rising, concern that they’ll keep going up could keep buyers in the market.

By selling, you also eliminate any ongoing responsibilities relating to the property. After the sale, maintenance, property taxes, and insurance for the home are no longer your responsibility. You can also use the proceeds as a nest egg, giving you extra cash to fund your golden years.

Ultimately, selling is the right choice for many seniors. If it’s the right move for you, contact Russell Shaw to learn more about what your home is worth and how you can get it on the market.

April Market 2022

Market signaling a shift

The early warning signs of a shifting market continue to appear. But, as we try to remind both buyers and sellers, the real estate is not the stock market. Housing moves slowly. Shifts in demand are quicker than shifts in housing supply. So while the scarcity in supply has been the controlling factor in the housing market for a number of years, demand is the impedance behind the shift. Not surprisingly this drop in demand is being driven by affordability. The combination of rising pricing and rising interest rates is doing exactly what it is supposed to do, reduce demand. With rentals becoming more plentiful and rental rates declining, and investors with a rent and hold business model will at some point also begin to leave the market – weakening demand further. Does this mean prices are posed to plunge? In the short term, no. Here are some supporting comments from Tina Tamboer of the Cromford Report.

The market continues to heavily favor sellers. Supply is still 76% below normal for this time of year and demand is 6% above normal. However, demand is declining in response to recent increases in interest rates. Just 30 days ago, demand was 12% above normal, and 30 days prior to that it was 21% above normal… However, in just a few short months, the average interest rate increased from 3.1% in December to 4.7% by April. This resulted in a $500 increase in the estimated payment on a 1,500-2,000 sq. ft. home, pushing the cost to buy significantly higher than the cost to rent in Greater Phoenix.

This does not mean the market is at its peak, or at the precipice of a price decline. The only response we are seeing at this time is a sharp increase in supply between $500K-$1M over the past 2 weeks, a price range that happens to have less interest from investors and 2nd home owners and a higher market share of owner-occupants…While it’s reasonable to expect price appreciation to slow down at some point, there is little evidence at this stage to show prices declining in the near future.

Call us for advice on your particular home sale or purchase.  We are here to inform.

Russell & Wendy Shaw

The Connection Between the Rental Market and the Resale Market

Most sellers are not aware that the rental market and the resale market are intertwined. When demand for rentals are high, rental rates rise. When it is more expensive to lease than to buy, first time homeowners buy. That spawns a chain of buying – allowing the seller of that first time home buyer to buy their next home, and that seller to buy, and so on. When rentals start to stagnate, prices drop for rentals making it more attractive to lease. When it is cheaper to lease than buy, would-be home buyers exit from the resale market.

Tina Tamboer of the Cromford Report shares this information on the rental market:
“However, be aware that the estimated payment for a 1,500-2,000 square foot home is now $77 higher than the median rent for a similar rental leased through the Arizona Regional MLS. The rental market responds to a shift in demand faster than the resale market does because landlords are faster to respond with a lease price reduction if their investment is vacant for too long…MLS rental supply (is) up 60% in 5 months”

Given that the rental market moves much more quickly than the resale market, the rental market is an early forecaster, not a present one. Despite the weakening demand and slightly improved supply the Greater Phoenix real estate market has not peaked on price. Why? We are still 76% below normal on the supply of homes for sale and demand remains about 13% above normal. Tina further explains:
“Housing market indicators move slowly, unlike other types of investments such as stocks or currencies. When events such as interest rate hikes or stock market fluctuations occur, there isn’t an immediate measurable response in housing prices. Consumers may “panic sell” stocks, crypto, or even their belongings; however, selling the roof over their head or a performing rental is typically the last resort. For this reason, jolts to the economy (like a sudden pandemic or economic sanctions) need to be in effect for many months without improvement for housing to see prices finally respond.”

Curious about your home value? Go to our website .

A Resource Checklist When Moving to Arizona

Arizona is a great place to live, with plenty of sunlight and a dry, mild climate. If you’re planning to call this state your home, you’ve made a fantastic choice. However, before you can enjoy all Arizona has to offer, you have to make the move and settle in. Here, the Russell Shaw Group, Realty ONE Group offers a variety of resources to make the transition easier.

Find the Right Place for Your Relocation

Do your research to find the perfect place to call home.

  • First, consider all the planning and preparation required to make such a relocation.
  • Then, decide whether you prefer an urban versus a rural location. Each option has its own pros and cons.
  • Factor in your career or business when selecting a location. For example, if you’re relocating a business, determine where it’s best to set up shop as well as what steps you’ll need to take to establish yourself in Arizona, particularly if you have an LLC.
  • Once you’ve decided on a general location, start scouting out neighborhoods. Consider things like walkability, school district, and proximity to amenities like stores.
  • After you’ve chosen a few neighborhoods, connect with a real estate agent from Russell Shaw Group, Realty ONE Group.
  • Once you have a timeline in place, search for “movers near me” to find an agency that can accommodate your cross-state or cross-country relocation.

Look Up Local Resources to Support Your Settling In

Familiarizing yourself with essential goods and services providers upfront will save you stress when you actually need them.

  • Look up your nearest DMV so you can update your car’s license and registration as needed.
  • Find the healthcare professionals you may need, from family physicians to dentists, and send over your old medical files.
  • Use online platforms to find babysitters, tutors, pet sitters, and other support professionals.
  • If your new home needs repairs or maintenance, look online to find the experts you  need.

Take the Time to Integrate Into Your Community

Getting to know your neighbors and your broader community will make it feel like home.

If you’re headed to Arizona, you’ve got lots to look forward to. Take the steps above to ensure a streamlined move. You’ll then be able to enjoy your new home that much more.

February 2022

The Battle of Affordability.

Market watchers are predicting rising interest rates combined with rising prices are going to give the valley’s real estate market demand a one-two punch that even low supply cannot overcome.  And yet the historically and shockingly low levels of supply must make prices rise.  How can they both be right? 

“Housing Affordability” is a concept used to describe the combination of prices, interest rates, and average income for an area.  Generally when affordability exceeds the average for an area, prices mitigate or even drop because the majority of households cannot afford the cost of housing.  Yet in the greater phoenix market, while interest rates went from 3.11% in December to 3.55% in January, prices in the valley continued to rise.  In fact the median sales price went up another 2.4% in one month!  That is unexpected in a “normal” market – but this is not a normal market.  The supply of homes, both for sale and for rent, have been at record low levels for a couple of years.  There are simply too few homes for the number of people.

Despite the seemingly “endless seller’s market” this will end.  The question is when.  For more insight, we turn to Tina Tamboer of the Cromford Report (emphasis added):

“Despite prices continuing to rise, there is still an expectation that rising interest rates will eventually influence demand, and thus prices, sometime this year…. Over the course of 30 days, demand has gone from 23% above normal to 19% above normal, so there has been some shifting in demand that can be attributed to mortgage rates and their effect on affordability.  But demand is still very high, and supply moved from 72% below normal to 75% below normal during the same time frame. This drop in supply mitigated any relief the drop in demand would have had on rising prices.

When the total number of homes in an area is insufficient for the number of people living there, the interest rate has less impact on rising home values. There are fewer homes for sellers to move to, so they choose not to place their home on the market at all.  Even if demand falls due to mortgage rate increases, if it remains above normal while supply remains below normal, then property values will continue to rise.

Unless the supply of MLS homes for sale achieves a range of 16,000-24,000 listings, prices will continue to rise before demand drops low enough to stop them.”

There are subtle, early indicators of a market shift underway.  As always, we will continue to report the trends that ultimately evolve into an actual shift.  Contact us to discuss the market trends in your specific neighborhood that point to the best time to sell.

Russell & Wendy Shaw.

Market Snapshot January 2022

Given the unprecedented strength of last year’s real estate market in Phoenix, a slowdown feels long overdue. But thanks to supply remaining stubbornly low (2022 began with the lowest number recorded), the expected cooling off is not showing up just yet.  We saw some early weakening of the market in mid 2021, yet the low level of homes coming to market in the 4th quarter could not exceed a demand that still remains a bit above normal. Most concerning is the volume of investors in the marketplace vs. traditional home buyers.  Without them, we believe demand would be in fact below normal.  Despite our misgivings about the buyer mix, for now prices will continue to rise.

For more market insight, Tina Tamboer of the Cromford Report shares these sobering thoughts:

“It’s an accepted opinion among local analysts that income levels in Greater Phoenix cannot sustain another year of 28% annual appreciation, especially if interest rates continue to increase. However, seeing there is little relief from home builders adding more supply to the equation, it’s reasonable to expect the market to respond with a softening of demand. This trend started to reveal itself in the 2nd Quarter of 2021 in a subtle manner.

Since 2014, buyers purchasing their primary residence have made up 70%-76% of total residential purchases in Maricopa and Pinal County. In Q2 2021, that percentage dipped to 67%, and declined to 63% by October. While traditional buyers retreated, competing buyers for 2nd homes and institutional buyers made up of Wall Street-backed iBuyers, hedge funds and other investment groups stepped in. Price appreciation slowed from an average of 3.3% per month to 1.1%.

While 2022 is coming out of the gate strong, and the Spring is typically the strongest season for buyers, it remains to be seen how much control investors and 2nd home buyers will take if traditional home buyers retreat. The last time they ignored affordability issues within the community, everyone lost in the end.”

Questions about selling in this market?  Contact us, we are always here to help.

Russell & Wendy Shaw

Hello 2022

We hope you all had a wonderful holiday season. 

As our year begins it is appropriate to take a quick look at where we have been and where we may be headed for 2022.  2021 saw one of the strongest seller real estate markets ever.  What began as an accelerating sellers’ market in the 3rd quarter of 2020, went hyperbolic in the first half of 2021.  Multiple offers and contracts 10-20% over list price led to price appreciation in the 28-30% range for the year.  If you owned a home in the valley during 2021, you should celebrate your staggering new home value.


The cause of this extended seller’s market has been the ridiculously low supply.  We ended the year with supply 67% below normal and dropping as of this writing.  Hard to believe that 67% below normal is an improvement from where we were in March/April when we had only about 4100 properties for sale in the entire MLS. To make matters worse 10% of those properties weren’t in the valley but listings from outer areas (Prescott, Sedona, etc.) leaving the true number somewhere around 3600.  Builders, the source of new housing – struggled with supply chain issues, spiraling commodity costs, in addition to inadequate staff to build those new homes.  Hence, new housing has trickled on to the market rather than arriving in the torrent needed.


Demand has remained strong and stable (and is currently 23% above normal). However, a good portion of this demand is from institutional buyers rather than owner occupants.  This gives us some measure of concern for the future when the institutional buyers eventually leave the market.  Large hedge funds (landlord model) and the iBuyers (cash buyers that quickly resell) have been a significant factor in our marketplace.   Stable markets produce owner occupant demand – which wane under rising prices.  We have seen some softening due to price rises from this sector, a good sign.  But demand has not dropped from the institutional buyers.  Even with Zillow’s high profile exit from the iBuying arena, we believe iBuying will be a part of our marketplace for a long time.  However, we do expect institutional landlords to cease buying at some point when they have enough in their portfolio.  With rental rates in Phoenix rising the fastest in the country (up 14 % in 2021 vs the US average of 6%) you don’t have to ask why they are buying here. 

Until demand drops and supply jumps, there is no chance on pricing doing anything but going up.  That brings us to the future and how it may compare with 2021.

The future

Our real estate market has been in a seller’s market for so long (since 2015) that an unbalanced market has become our new normal. 

To put that in perspective, here are some fascinating numbers from Tina Tamboer of the Cromford Report:  “Over the past 21 years, Greater Phoenix has been in a buyer market for a combined total of 43 months (3.6 years), a balanced market for 55 months (4.6 years) and a seller market for 155 months (12.9 years).  This is important to discuss because the longer seller markets last, the more human beings change their definition of what “normal” looks and feels like. “Normal” for Greater Phoenix is not a balanced market, it’s a seller market.

So when national analysts suggest the housing market will cool off in 2022, many (if not most) local housing analysts believe it will remain a seller market, but a weaker one.  Prices don’t decline in seller markets, but listings may stay active for a few more days before accepting a contract. A full price offer may be enough to win a home. Buyers may have less pressure to waive appraisal and repairs.

However, after the last 18 months of extreme seller market conditions, anything less than sheer lunacy could feel like the sky is falling.”

We fully concur with Tina’s evaluation.  We do not expect pricing to drop in 2022, but to continue to rise.  Great news if you are seller, and a cause for further depression if you are a buyer.  However, we do not see pricing making the same level of gains as in 2021.  To further quote Tina:

“Even if demand were to decline tomorrow, sale price measures are the last to change in a shifting market. The first thing to go up would be the cost of the sale for the seller.  For example, days on market will increase, list price reductions will increase and then eventually seller concessions will increase before anything is reflected in the final sales price.  The pattern goes like this; homes are on the market longer than expected as sellers push the boundaries on price. If the market resists in the form of zero offers, a price reduction is recorded in response.  If demand dwindles to where only one offer is received instead of multiple offers, more pressure is placed on sellers to offer home warranties, do repairs, or consent to closing cost assistance in order to secure closing at their desired price. None of these indicators appear to be shifting at the moment, but that could change.  The key for sellers in 2022 is to stay on top of current market trends, listen to your REALTOR®, and be the first to shift expectations if buyer demand drops.”

We close with a thank you to you, our friends and clients.  We look forward to helping you with your real estate needs in 2022.

Russell & Wendy

(mostly Wendy)