A March survey by Realtor.com suggests that sellers may have trouble suppressing that instinct. The vast majority of potential sellers surveyed — 81 percent — said they expect to get their asking price or more when they decide to list their home.
Yet Zillow’s latest housing report found that 23 percent of listings received a price cut in March — the highest share on record for any March since 2018 — indicating that the original asking price was too high.
If the market remains on its current trajectory, sellers looking for a speedy sale may have to price lower than they’d like — or be willing to reduce prices later if buyers aren’t biting.
via Real Estate News
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Buyer & Seller Tips • Real Estate News • Market Trends
30-year fixed rate mortgage remains under 7 percent
The 30-year fixed rate mortgage (FRM) averaged 6.81 percent as of May 15, 2025, up from last week when it averaged 6.76 percent, according to the Freddie Mac. A year ago at this time, the 30-year FRM averaged 7.02 percent.
“The 30-year fixed-rate mortgage remained below the 7% threshold for the 17th consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “Stable mortgage rates coupled with moderately rising inventory are attracting homebuyers into the market, with purchase application activity up 18% from last year.”
The 15-year fixed-rate mortgage averaged 5.92 percent, up from last week when it averaged 5.89 percent. A year ago at this time, the 15-year FRM averaged 6.28 percent.
Featured Listing:
495 N. Hale Dr., Green Valley AZ
495 N. Hale Dr., Green Valley AZ | $799,000
Live your luxury lifestyle! This stunning and spacious Avalon has it all! Built 2019, this 2,725 sq.ft. home resides on an elevated corner lot, where you are greeted by a majestic sahuaro as you approach the paver front porch. Step inside the grand foyer with plenty of space to display your fine art.
Interior features incl. all hard surface floors (ceramic tile and luxury vinyl plank), spacious great room with dry bar, 3 solar tubes, upgraded fans and lighting, 5” baseboards. Chef’s kitchen w/ upgraded maple cabinets, leather finish granite counters, SS appliances, butler’s pantry w/ walk-in food pantry. Bright and cheery owner’s suite offers sunset views, and electronic window screens. Spacious owner’s bath w/ dual vanity, WI closet and huge, walk-in/roll-in all-tile curbless shower.
Den has 3′ extension, ideal for both office, reading, TV viewing or casual living. Overnight guests will enjoy their own private suite w/ en suite bath and WI closet. Powder room and large laundry w/ sink and storage. Extended outdoor living space with paver patio, mountain views to the southeast, electronic screens, and plenty of space for outdoor dining, bird watching, and spectacular Arizona sunsets.
Extended length, full 3-car garage has epoxy floors. Security screen front entry; rain gutters. Bonus: TEP GoSolar Home with 100% solar power, giving you low, fixed cost electric bills, all without the rooftop solar panels.
Compare this gently occupied home with the cost of building new, and it’s a no brainer! Come enjoy resort living at Quail Creek, a gated, active adult community where you’ll enjoy first class amenities, including championship golf, pickleball, tennis, resort pool, fitness center, and more!
Featured Listing:
2348 E. Madera Plateau Dr., Green Valley AZ
2348 E. Madera Plateau Dr., Green Valley AZ | $950,000
Resort living as it was intended! This magnificent Tesoro model in Quail Creek offers breathtaking desert and mountain views, impressive outdoor living w/ travertine patios and pebble sheen pool, and commands the most discerning buyer!
Inside this 3 BR, 3.5 BA home is a clean, contemporary aesthetic, gorgeous wood floors, upgraded cabinetry, and stunning granite throughout. The stately foyer leads to an open concept great room with center opening sliding glass door to the patio, built-in cabinetry and dry bar. The kitchen boasts a grand island, stainless appliances, gas cooktop, butlers and walk-in pantry. Dining area off kitchen with a second slider to the covered patio.
Extended owner’s suite w/ huge walk-in closet, dual vanity bath w/ tile floors, granite surfaces, walk-in curbless shower. Your guests will enjoy spacious, private bedrooms w/ en suite baths and walk-in closets. The extended outdoor living space is ideal for entertaining, with travertine patios and decking surrounding a shimmering pebble sheen pool. Bonus features include upgraded fans and lighting, separate powder room; large laundry with utility sink and abundant storage; central vacuum; full 3 car, extended length, insulated garage.
Whether enjoying your morning coffee, or a glass of wine at dusk, you’ll never tire of the amazing views and ever changing colors of the Santa Rita mountains. Compare this gently occupied home with the cost of building new, and it’s a no brainer! Come experience resort living, first class amenities and championship golf at Quail Creek!
Real estate is still the best long-term investment
With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision.
According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:Continue Reading
What’s next for home prices and mortgage rates?
If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out. The only thing you can really do is make the best decision you can based on the latest information available. So, here’s what experts are saying about both prices and rates.
1. What’s Next for Home Prices?
One reliable place you can turn to for information on home price forecasts is the Home Price Expectations Survey from Fannie Mae – a survey of over one hundred economists, real estate experts, and investment and market strategists.
According to the most recent release, experts are projecting home prices will continue to rise at least through 2028 (see the graph below):Continue Reading
It’s official: No asphalt plant near Quail Creek
It was standing room only at Wednesday night’s Sahuarita Town Council meeting as opponents of a proposed hot-mix asphalt plant got the news they’ve been waiting 15 months to hear: Vulcan Materials has dropped its bid for the plant a half-mile north of Quail Creek.
The council made it official in a unanimous vote on a resolution that allows Vulcan to continue its mining operation while agreeing it will not now or in the future seek to put any type of asphalt plant on the site.
The agreement, which takes effect in 30 days, stays with the land, meaning if Vulcan sells the property the new owner would also not be allowed to operate an asphalt plant.
Via: Green Valley News
Thanksgiving 2023 at Quail Creek
Feast your eyes on the 2023 Thanksgiving buffet at Quail Creek! Thanks to Chef Aris and his culinary crew for creating such a sumptuous feast!
Video courtesy the Quail Creek Activities Department.
Why homeowners are thankful they own
Countless people have set out on the exciting journey of homeownership. Ask around and you’ll find the vast majority are thankful they took the leap and bought a home. But why? It’s because of the many emotional and lifestyle benefits that come with being a homeowner.
So, if you’re trying to decide if you want to rent or buy a home, here are just a few of the many benefits you could look forward to if you buy.
It’s a Safe Haven
Owning a home goes beyond just having a roof over your head. It provides a sense of security and safety. In fact, in a survey from Fannie Mae, respondents say “having a sense of privacy and security” is one of the top reasons homeownership is preferred to renting. And in a different Fannie Mae survey, “living in a place where you and your family feels safe” is another one of the top benefits of homeownership.
Your home is a place where you can truly relax and unwind. Knowing that you have a sanctuary to return to at the end of the day is a great source of comfort.
It’s a Canvas for Self-Expression
For many homeowners, their home is a reflection of who they are. From the color of the front door to the art hanging on the walls, every detail contributes to a unique expression of personal style. Put simply, owning a home gives you the freedom to make changes and improvements that resonate with your personality.
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Is your house on a Buyer’s Wish List this holiday season?
This time every year, homeowners who are planning to move have a decision to make: sell now or wait until after the holidays? Some sellers with homes already on the market may even remove their listing until the new year.
But the truth is, many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for.
“ While a majority of people take a step back from the real estate market during the holiday months, you may find when the temperature drops, your potential for a great real estate deal starts to rise,” according to Fortune Builders.
To help prove that point, here are four reasons you shouldn’t wait to sell your house.
1. The desire to own a home doesn’t stop during the holidays. While a few buyers might opt to delay their moving plans until January, others may need to move now because something in their life has changed. The buyers who look for homes at this time of year are usually motivated to make their move happen and are eager to buy.
“Anyone shopping for a new home between Thanksgiving and New Year’s is likely going to be a serious buyer,” reports Investopedia. “Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale.”
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