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Thank you for your hard work! Six Weeks Running: Supply Shrinks and Demand Climbs in Phoenix, Arizona. The trend that began six weeks ago remains strong, with supply continuing to decline and demand on the rise. The average monthly change in the Cromford Market Index now sits at 9.4%—a slight uptick from 9.3% last week. Fifteen cities posted gains for sellers, while only two (Maricopa and Tempe) shifted in favor of buyers. Fountain Hills, Cave Creek, and Scottsdale have been the strongest movers over the past month, while Paradise Valley shows signs of slowing.   Several other markets are also showing notable strength, including Avondale, Gilbert, Chandler, Peoria, and Surprise, which are all up by more than 10%. At this point, we have six cities in seller’s market territory, four in balanced markets, and seven that remain in buyer’s markets - Brad Daniels, East Valley Real Estate Team, RelocateToAz.com .   *Cromford Demand Index™ is a value that provides a short-term forecast for the demand for resale homes in the market. It is derived from the trends in pending and sold listings compared with historical data over the previous four years. Values above 100 indicate more demand than usual, while values below 100 indicate less demand than usual. A value of 100 indicates the demand is close to normal. Mortgage Market and Economic Update – Week Ending 08/29/2025 A week ago, this past Friday, Fed Chair Jerome Powell signaled that a rate cut may be on the table, noting that the “shifting balance of risks may warrant adjusting our policy stance.” His comments were one of the key takeaways from the annual Jackson Hole Economic Symposium, where central bankers and economists gather to discuss the global economy. So far this year, the Fed has kept its main interest rate, the Federal Funds Rate, unchanged, aiming to balance concerns about inflation with the need to support job growth. However, as signs of a cooling labor sector emerge, so does the pressure on the Fed to cut rates at its next meeting on September 17. With so much attention on this upcoming decision, it’s worth taking a quick look at who actually makes these calls and what their perspectives might be.   Who Makes Decisions About Interest Rates?   When you hear that “the Fed” is changing interest rates, the actual decisions come from a group called the Federal Open Market Committee (FOMC). This committee plays a crucial role in shaping U.S. monetary policy, particularly regarding interest rates and the broader economy. The FOMC is made up of 12 voting members:   The seven members of the Federal Reserve’s Board of Governors The President of the New York Fed, who always has a vote And four of the remaining 11 regional Federal Reserve Bank presidents, who rotate into voting roles each year   Even the regional Fed presidents who aren’t voting members still attend the meetings. They actively participate in discussions and share insights about economic conditions in their districts, which helps shape the committee’s overall view.   The FOMC meets eight times a year to review the latest economic and financial data. During these meetings, they assess factors such as inflation, employment, and overall economic growth to determine whether interest rates need to be adjusted or left unchanged. Their goal is to support stable prices and maximum employment over the long term.   Doves vs. Hawks: Two Different Perspectives on Policy   Within the Fed, and especially on the FOMC, you’ll often hear members described as either “doves” or “hawks.” These labels reflect how individual policymakers tend to view inflation, interest rates, and the economy. Doves typically prioritize supporting employment and economic growth, and are often more comfortable with keeping interest rates lower for longer, even if inflation is slightly elevated.   Hawks are more focused on fighting inflation, even if that means raising rates or slowing parts of the economy. They see price stability as the foundation for long-term economic health.   These aren’t rigid labels. In fact, many Fed officials adjust their views in response to changing economic conditions. For example, while the Fed unanimously voted to hold rates steady at its first four meetings of the year, that unity began to shift in July. Fed Governors Christopher Waller and Michelle Bowman broke from the majority by favoring a 25-basis-point cut, citing signs of weakness in the labor market and the broader economy. Their dissent highlights how evolving data can lead to different policy conclusions even within the same committee.   Shifts in Fed leadership could also influence the direction of policy. Fed Governor Adriana Kugler recently resigned, leaving a vacancy on the Board of Governors. President Donald Trump has nominated Stephen Miran – considered a dove in favor of cutting rates – to fill that seat. However, it’s unclear whether the Senate will confirm his nomination in time for the September 17 meeting.   In addition, President Trump has attempted to remove Fed Governor Lisa Cook after allegations of mortgage fraud surfaced. Cook has denied the allegations, and the attempt to fire her is expected to face legal challenges in court. If Trump is ultimately successful, he would likely appoint another dove, which could further shift the Fed’s policy stance heading into the fall.   Bottom Line:  The Fed is walking a fine line, working to tame inflation without pushing the economy into a slowdown. Powell’s recent remarks suggest a rate cut is on the table, but the decision will largely depend on the data that comes in over the next few weeks, especially the August Jobs Report due on September 5. All eyes will be on the September 17 meeting and the direction it sets for monetary policy moving forward. Do you have a question regarding your mortgage rate, or would you like to get prequalified? Call Brad Daniels with the East Valley Real Estate Team.   Bond and Mortgage Market   Powell’s Jackson Hole speech increased market confidence that the first rate cut of 2025 will come on September 17. But the odds of further rate cuts in October and December didn’t really change that much. With the risks to inflation (upside) and employment (downside) currently “balanced” according to Jerome Powell, additional rate cuts will ultimately depend on the data, as we have several inflation and jobs reports before year-end. Note: The current Fed Funds Rate policy range is 4.25–4.50%.   September 17 FOMC Meeting:  An 85% probability that rates will be 25 bps below current (up from 73% a week ago). There is a 15% probability that rates will remain unchanged. October 29 FOMC Meeting:  44% probability that rates will be 50 bps below current (up from 34% a week ago). 49% probability that rates will be 25 bps below current (implying a rate cut in either September or October, but not both). December 10 FOMC Meeting:  36% probability that rates will be 75 bps below current (up from 25% last week). There is a 48% probability that they’ll be 50 bps below the current rate. Market in a Minute...National View Housing Market New home sales fell in July after June’s sharp upward revision. The housing market remains struggling as consumers grapple with affordability. FHFA reports house prices rose 2.9% year over year but were unchanged from the 1st quarter, pointing to a slowdown in growth nationwide. Pending sales cooled again in July, reflecting buyer caution in a market where affordability remains a challenge. Economy Both new jobless claims and continuing claims fell last week. Layoffs remain low even as hiring slows across the broader labor market. Second-quarter GDP was revised up to 3.3%, higher than expected. Growth was driven by strong consumer spending and a decline in imports. Consumer confidence declined in August as concerns about job prospects, tariffs, and inflation dampened household optimism. East Valley Weather Here’s your 7-day outlook for the East Valley Quick Highlights & Tips Very Hot Start to the Week Expect searing temperatures to soar well above 105°F on Monday (106°F) and Tuesday (108°F), with persistent heat expected through midweek. Stay hydrated, plan outdoor activities for early mornings or evenings, and take frequent shade or cooling breaks. Thunderstorm Watch Afternoon thunderstorms may roll in on Tuesday , Thursday , and Saturday , posing a risk of flash flooding —especially Thursday afternoon when a strong thunderstorm  is forecast. Keep an eye on local alerts, avoid dry washes and low-lying areas, and refrain from travel if flash flooding advisories are in effect. Gradual Cooling Trend By the weekend, highs dip into the mid- to high-90s°F , though it’s still hot. Nights remain warm, with lows hovering between 74°F and 85°F , offering some relief but still feeling muggy. Air Quality Concerns Monday brings hazy skies and elevated ozone levels , which can impact sensitive groups. Limit outdoor exertion and consider indoor activities if you’re especially vulnerable. Have a happy Labor Day and a great week ahead - Brad Daniels, East Valley Real Estate Team 602-679-1025 | brad@homeselleraz.com | #CallBradToSellYourPad #RelocateToAz

Currently, condos and townhomes are among the most buyer-friendly segments of the market in Phoenix, Arizona, and the surrounding cities. Not every homebuyer wants the biggest house on the block. Some want something simpler, more affordable, and easier to maintain, especially in a market where every dollar counts. That’s where condos come in. For first-time buyers, they can be a smart way to get into homeownership without stretching your budget. For downsizers, they offer less space to maintain, with the flexibility to stay in a great location. Currently, condos and townhomes are one of the most buyer-friendly segments of the market in Phoenix, Arizona, with the  steepest asking-price declines in condos and townhomes under $500K, down 5.9% year-over-year, compared to single-family homes under $500K, which are down just 1.3%. In July, buyers also negotiated additional discounts—2.5% below list on condos/townhomes and 1.3% on single-family homes. Condo Inventory Is Up, And That Means More Choice According to the National Association of Realtors (NAR), there are 194,000 condos for sale right now. That’s the second-highest amount we’ve seen in the last three years ( see graph below ): Just remember, this is the national figure. The exact number will vary depending on where you plan to buy. But, generally speaking, you have more options and less competition. You’re not stuck waiting for something to pop up or rushing into an offer just to beat someone else to it. You’ve got plenty to choose from. And if you’re particular about layout, location, or amenities, this is your chance to be selective. That’s a big shift from the market frenzy of just a few years ago. Compared to early 2022, we’ve got nearly double the condos available now. That gives you more breathing room to find the right fit. Prices Are Cooling, and Buyers Hold More Negotiating Power Since there are more items for sale, many sellers are more open to negotiating right now. So, you may be able to get a better price. As Brad Daniels with the East Valley Real Estate Team explains: “. . . condo buyers in many cities may be able to find sellers who are willing to give concessions and/or sell for less than their asking price.” Condo prices are starting to ease in many markets. According to Intercontinental Exchange (ICE), condo prices dipped 1.3% in June compared to last year. And over half of the top 100 U.S. metros saw condo prices drop slightly year-over-year. Data from Redfin shows what the recent dip in prices looks like ( see graph below ): That doesn’t just help with affordability, it also shifts the power dynamic. Condo buyers in many markets are now in a position to negotiate on price and ask for concessions, like help with closing costs. Bottom Line Condos aren’t just a fallback option. In today’s market, condos and townhomes are among the most buyer-friendly segments of the market in Phoenix, Arizona. With more options, softening prices, and more room to negotiate, now could be the right time to make your move. Could a condo check more boxes than you expected? Let’s talk through your options and find out, Brad Daniels - The East Valley Real Estate Team and RelocateToAZ.com (602) 679-1025

Model: 5528-RV-Overland. Elevation A - Santa Barbara. Taylor Morrison. Coming Soon | Combs Ranch Journey Collection | featuring RV garages Featured Floor Plan – 2,892 SqFt | Single-Story | 3–4 Bedrooms | 2–3 Bathrooms | 1 Half Bath | 2-Car Garage + RV Garage Buyers may enjoy extra savings when they use me as their preferred sales agent on their first visit. Options are highlighted and noted below. Spacious and thoughtfully designed, this home welcomes you with a foyer leading to two bedrooms, a full bathroom, and a powder room, just outside a versatile flex room. The open-concept living area features a great room that flows into a casual dining space, a gourmet kitchen with a large island, and a covered patio—perfect for effortless entertaining. On one side of the great room, a second flex room offers endless possibilities—convert it into an additional bedroom and bath, create a home office, or design a kids’ retreat. On the other side, you’ll find the private primary suite with a generous walk-in closet and a beautifully appointed bathroom. The highlight? A 2-car garage plus an oversized RV garage—perfect for your outdoor toys or extra storage. Community Information Breathtaking desert views, right outside your door. Live where the desert meets the mountains at Combs Ranch Journey Collection in San Tan Valley, AZ, coming September 2025! This master-planned community will feature unique RV garages, offering extra space for your adventures, secure storage for your vehicles, and added convenience for road trip-ready living. Open-concept homes give you plenty of space to grow, while a shimmering pool, imaginative playgrounds, parks, lush greenbelts, and a serene butterfly garden are all just outside your door. Five other models to choose from, three with three-car garages, and three with an RV garage. Price starts in the mid-$500s Find more reasons to love our new homes in San Tan Valley, AZ, below.  Personalize every detail of your new home with the experts at our Design Studio.  Enjoy true open-concept living. Spacious great rooms flow into large kitchens and casual dining areas.  Catch a glimpse of vibrant orange and black wings against the blue sky at your community’s National Wildlife Federation-Certified Butterfly Garden!   Head to Schnepf Farms, Founders’ Park Splash Pad, or even try out Baby Goat Yoga—all close by your new home.  Find your new favorite dish at Queen Creek Olive Mill, then stop by Menchie’s Frozen Yogurt for dessert.  Find everyday conveniences easily with Safeway, Sprouts, Trader Joe’s, and Target nearby. Representative images. Actual products may vary at the time of community opening. Featured/planned amenities: BBQ Grills | Butterfly Garden | Playgrounds For more information, Contact Brad Daniels, My Home Group (602) 679-1025 | brad@homeselleraz.com #RelocateToAZ #CallBradToSellYourPad Disclosure:  Brad Daniels is an independent real estate agent with My Home Group and RelocateToAZ.com and is not affiliated with, sponsored by, or endorsed by Taylor Morrison Homes or any of its affiliates. Any mention of potential savings is for informational purposes only and is not guaranteed. Terms, conditions, and availability of incentives are subject to change by the builder without notice. Buyers are encouraged to verify all details directly with the builder.

The backyard of the 3,090 square-foot lot was allegedly awarded to a scorned wife in 1925. Courtesy of Rob McGarty at Bushwick Real Estate Services Seattle is full of charming and historic homes, but few are as unique — or as dramatic — as the city’s famed “Spite House.” Recently sold for $745,000, this quirky, wedge-shaped residence in the Montlake neighborhood has captured national attention, not just for its architecture but for the juicy story behind it. A Slice of Revenge Built in 1925, the home is widely believed to be the result of a bitter divorce. According to former owner Emily Cangie, who gave a tour of the property in 2023 to YouTuber Kirsten Dirksen, the legend goes like this: rather than sell their marital home and split the proceeds, the divorcing couple divided the lot  itself. The wife — allegedly out for revenge — was awarded a narrow, 3,090-square-foot slice of the front yard, while her ex-husband kept the original house. So, in a bold move, she decided to build a new home right in front of his… intentionally blocking his view. Find out what your Arizona home is worth. The story goes that she decided to build a house to block his view in the front yard The widest side of the "Spite House" spans 15 feet—courtesy of Rob McGarty at Bushwick Real Estate Services. Looks Can Be Deceiving From the street, the blue stucco home appears to be a quaint Spanish Revival-style cottage. But take a walk around it, and you’ll quickly realize something’s different. One side of the house measures 15 feet wide. The other? Just 55 inches — less than 5 feet! It’s a real-life architectural optical illusion. Despite its narrow footprint, the home offers an impressive 860 square feet of living space, spread evenly over two levels. Inside, it includes: 2 bedrooms 2 bathrooms A full kitchen Living room and family room Full-sized appliances (yes, even a dishwasher and washer/dryer!) Relocating to Arizona? Get your relocation guide. Cangie noted that while the bathrooms were reminiscent of New York closets, she lived comfortably in the home. Listing agent Rob McGarty of Bushwick Real Estate even showed off the kitchen in a tour for Tiny House Giant Journey , proudly comparing it to some of the best found in Manhattan’s East Village. The narrow kitchen boasts full-sized appliances, courtesy of Rob McGarty at Bushwick Real Estate Services. Small Space, Big Potential The lower level of the home features a separate entrance, making it perfect as a guest suite, Airbnb, or accessory dwelling unit — a valuable option in a high-demand neighborhood like Montlake. Speaking of which, Montlake homes had a median sales price of over $1.5 million in May 2025, according to Redfin. So while the “Spite House” may be small, the $745,000 sale price was a relatively affordable way for someone to grab a unique slice of this prestigious neighborhood — and of Seattle history.

Front Elevation, Mayne Derert Contemporary Earlier this week, I had the opportunity to preview a truly stunning home in Scottsdale’s exclusive Reserve at Black Mountain  for a couple relocating from California — and I couldn’t be more impressed. This brand-new luxury residence  is move-in ready and offers not only top-tier design and features but also the kind of lifestyle that many buyers dream of when they relocate to Arizona. Move-In Ready with Luxury Upgrades No waiting. No compromises. This move-in-ready home  has been thoughtfully designed with high-end finishes and modern conveniences  throughout. As you approach, you’ll notice the beautifully landscaped front yard taking shape — a perfect preview of what’s inside this home. Step into a bright, open-concept layout  featuring elevated ceilings  and seamless indoor-outdoor living. Whether you’re entertaining or relaxing, the  20-foot sliding glass door in the great room ,  the 16-foot slider in the bonus room , and the  12-foot slider in the primary suite  make it effortless to enjoy the Arizona sunshine and scenery year-round in Scottsdale’s exclusive Reserve at Black Mountain Flexible Floor Plan with Guest Casita One standout feature is the attached guest casita , complete with its living room and full bathroom . Whether you’re hosting friends, accommodating multi-generational family members, or seeking a private retreat or home office, this flexible space is a game-changer. Gourmet Kitchen Built for Entertaining The chef’s kitchen is a dream: Stainless Steel Wolf appliances 48” Sub-Zero refrigerator Waterfall-edge island  perfect for prepping meals or gathering with guests Everything is thoughtfully laid out to strike a balance between beauty and function. Garage Goals The spacious 3-car garage  features epoxy-coated floors  and a tankless water heater  — another sign of the builder’s attention to quality and detail. Perfectly Situated in a Private Gated Community This home is located on a north/south-facing lot in a quiet cul-de-sac  within a gated community  — a peaceful and private setting with stunning desert surroundings. It truly captures the essence of upscale Arizona living. If you’re relocating to Arizona and want a home that’s truly move-in ready , this one deserves a closer look. Reach out to me to schedule a private showing or a virtual walk-through. 📞 Call/Text: (602) 679-1025 email: brad@homeselleraz.com 🌐 Learn more at: https://www.flexmls.com/share/CX1IC/35065-N-83RD-PL-4-Scottsdale-AZ-85266

You’ve been working on your savings and dreaming of that moment when you finally have the keys to a place that’s truly yours. You might not realize that your tax return could give you a little extra cash to help you get there sooner. As  Freddie Mac notes: “ . . . your tax refund from the IRS can be a useful supplement to your home-buying budget.” So, if you’re getting a tax refund this year, you can use it to help you pay for some of the upfront costs that come with buying a home, like the down payment and closing costs. And here’s the best part. On average, people got more money back in their refunds than last year. While it’s not a significant increase, the visual below uses data from the  Internal Revenue Service  (IRS) to show that the average individual’s refund is 3.9% higher this year: Of course, how much money you may get in your tax refund will vary. But when it comes to buying a home, any extra cash can help move things forward. Here are a few examples of how you can put that money to good use, according to Freddie Mac: Save for a down payment – Saving for a down payment can be one of the biggest hurdles for buyers. Setting aside your tax refund for this expense could help you reach your goal faster. Just remember, it’s typically not required to put 20% down. Pay for closing costs – Closing costs include fees for the appraisal, title insurance, and loan underwriting. They’re generally between 2% and 5% of the home's total purchase price. So, putting your refund toward these costs can make things more manageable on closing day. Lower your mortgage rate – Your lender might allow you to buy down your mortgage rate. If you qualify for this option, you could pay up front for a lower mortgage rate. It may be worth exploring if your budget is tight at today’s rates and home prices. But you don’t have to figure it all out on your own. Working with Brad and his team of trusted real estate professionals who understand the home-buying process, what you need to save, and any resources you can tap into will help ensure you’re ready to buy when the time comes. When saving for a home, every dollar gets you one step closer to your goal. While your tax refund may not be enough to change the game, it can help boost your home-buying fund. What would having your own home mean for you or your family this year?  Let’s talk about it and devise a strategy for success - Brad (602) 679-1025

Spring brings longer days, blooming flowers, and the perfect excuse to tidy your yard. But what if your neighbor’s tree does more than provide shade? Overgrown branches or invasive roots creeping onto your property can cause frustration and potential damage. So, what are your rights when handling these wayward trees in Phoenix, Arizona? Your Tree is Throwing Shade.....Literally! Understanding Your Rights Arizona law has no one-size-fits-all rule for trimming trees that extend beyond property lines. However, in the key case  Cannon v. Dunn , the Arizona Court of Appeals ruled that property owners have the right to trim branches and cut roots that extend onto their land without prior approval from the neighbor. That being said, there are clear limits: You can only trim up to the property line. You cannot harm, kill, or remove the tree entirely. If you cut beyond your property or cause damage to the tree, your neighbor may have legal grounds to seek compensation. Best Practices for Handling the Issue Before you grab your pruning shears and start cutting away, follow these steps to avoid disputes and ensure you're within your legal rights: 1. Communicate First  – Start with a friendly conversation. Let your neighbor know about the issue, whether it’s branches scraping your roof, roots cracking your pavement, or excessive leaves making a mess. Open dialogue can often lead to a simple, agreeable solution. 2. Put It in Writing  – If a verbal discussion doesn’t resolve the matter, send a polite written notice outlining your concerns. Include a request for action by a specific date and state your intent to trim if necessary. 3. Get Professional Advice  – Consulting an arborist or landscaper can help you determine the best and safest way to trim the branches or roots without harming the tree. A professional opinion can also provide documentation if a dispute arises. * If you need referrals to a licensed arborist in Mesa, Arizona, or surrounding areas, contact us here! 4. Document Everything  – Take clear before-and-after photos of the tree to establish what changes were made. This can serve as proof in case your neighbor challenges your actions. 5. Hire a Professional for the Job  – While Arizona law allows you to trim branches and roots up to your property line, having a licensed arborist or landscaper do the work ensures it’s done correctly, safely, and legally. 6. Consider Legal Action if Necessary —You may have legal options if the issue persists and your neighbor becomes uncooperative. The  Cannon  decision allows homeowners to seek damages or injunctive relief in cases where tree-related disputes cause harm or legal complications. Contact us today for a price on your home! A Neighborly Approach Taking proactive steps and maintaining open communication can help prevent conflicts while keeping your yard in shape. With some planning and consideration, you can handle overgrown trees without harming relationships—or the tree itself. Happy trimming, and get it done before it gets too hot!!! Blog by: Brad Daniels, The East Valley Team at My Home Group! 602-679-1025

Circular Sun House, Phoenix, Arizona Frank Lloyd Wright Circular Sun House for sale in Phoenix, Arizona. Frank Lloyd Wright’s final residential masterpiece, the Circular Sun House, is currently available for discerning buyers seeking a unique blend of architectural brilliance and natural harmony. Designed in 1959 for Norman Lykes, this iconic home was completed in 1967 by Wright’s apprentice, John Rattenbury. Nestled on a 1.3-acre hillside lot at 6836 N 36th St, Phoenix, AZ 85018, the property offers panoramic views of the Palm Canyon and the surrounding desert landscape. Interior Family Room As one of only 14 circular homes designed by Wright, the Circular Sun House exemplifies his innovative approach to organic architecture. The 3,095-square-foot residence features three bedrooms and three bathrooms, seamlessly integrating indoor and outdoor spaces to harmonize with the environment's natural contours. Wright’s signature use of curved hallways, custom-built Philippine mahogany cabinetry, and expansive windows allows for abundant natural light and unobstructed views, creating a living experience that is both aesthetically pleasing and functionally efficient. Balcony view Unique Features • Custom Built-Ins : The residence boasts built-in furniture designed to complement its circular aesthetic, providing both beauty and practicality. • Outdoor Living : A circular swimming pool lined with mother-of-pearl offers a luxurious space for relaxation, while multiple terraces and patios provide ideal settings for entertaining against the backdrop of stunning desert vistas.  The pool was not part of the original design but was added by a subsequent owner after Norman Lykes sold the house.  • Private Spaces : The master suite includes an adjacent balcony, allowing for private enjoyment of the surrounding natural beauty. Kitchen Current Listing The Circular Sun House is currently listed at $8.95 million, reflecting its architectural pedigree and unique design. The property has been meticulously maintained to preserve Wright’s original vision while accommodating modern living standards. Assistance for Potential Buyers I can provide comprehensive assistance throughout the purchasing process for those captivated by this extraordinary property. My services include: • Personalized Tours : Arrange private viewings to experience the home’s unique features and ambiance firsthand. • Market Analysis : Provide detailed insights into the current luxury real estate market to inform your investment decision. • Negotiation Expertise : Utilize my experience to navigate the complexities of acquiring a historically significant property. Contact Brad Daniels for showings: (602) 679-1025 or email me here Owning the Circular Sun House is not just about acquiring a residence; it’s about becoming a steward of architectural history. If this exceptional home resonates with your aspirations, I invite you to contact me to explore this opportunity further. Additional information and Photos: Here Please note: All information is based on current listings and may be subject to change. Listing courtesy of Realty One Group, Deanna Peters

Tustin Ranch Aerial View: Greenfield and Pecos Exciting news for homebuyers in Gilbert, Arizona! Tustin Ranch, a brand-new gated community, is coming soon to the southwest corner of Greenfield and Pecos Roads. Developed by Tri Pointe Homes in partnership with Kimley-Horn, this highly anticipated neighborhood offers a perfect blend of luxury, open space, and convenience. Spacious Homes and Thoughtful Design Tustin Ranch will feature 76 single-story, single-family homes on generously sized lots ranging from 10,800 to over 15,000 square feet. Designed with comfort and privacy, these homes will cater to various lifestyles, making them ideal for families, retirees, and anyone looking for a high-quality living experience in Gilbert. A Focus on Community and Outdoor Living One of the standout features of Tustin Ranch is its commitment to open space and outdoor amenities. Over 7.4 acres—nearly 18.5% of the community—will be dedicated to green spaces, surpassing the town’s 10% requirement. Residents can look forward to: Walking trails for morning strolls and evening jogs A half basketball court for recreational play Ramadas with picnic tables and BBQ grills for gatherings Fire pits for cozy nights with friends and family A playground with swings and a spacious turf play area for children Prime Location with Easy Access Tustin Ranch boasts a prime location near some of Gilbert’s most popular attractions. Discovery District Park is just to the north, while the Gilbert Temple is conveniently located to the east. With easy access to the Loop 202 freeway, residents will enjoy quick connections to nearby shopping, dining, and entertainment options throughout the East Valley. A Development Rooted in Community Feedback The project recently received approval from the Gilbert Town Council for a minor general plan amendment and zoning changes, transitioning the land from commercial and office use to residential. Developers incorporated valuable community feedback throughout the planning process, leading to design enhancements such as larger lot depths, single-story home restrictions, and improved landscaping, which created a more visually appealing and livable neighborhood. What’s Next for Tustin Ranch? As of early 2025, development is underway, with more details on home availability, pricing, and pre-sales expected soon. If you want to make Tustin Ranch your future home, watch for upcoming updates! Stay tuned for more information on this exciting new community in Gilbert, and feel free to reach out if you’d like to explore real estate opportunities in the area! Tustin Ranch cross streets - Gilbert

15 Cities Have Deteriorated for Sellers Over the Last Month The table is once again reporting a swing in favor of buyers. We have 15 cities that have deteriorated for sellers over the last month, with Mesa and Gilbert joining the 13 we saw last week. We only have two cities that have improved over the past month, Goodyear and Cave Creek, both by small percentages. The average change in Cromford Market Index* over the past month is -7.5%, while last week we saw -8.0%. There is a tiny sliver of good news that the decline is no longer accelerating.   The fastest decliners are Fountain Hills, down 15%, and Maricopa, Glendale, and Paradise Valley, down 12%. Peoria is down 10%, and Chandler, Mesa, and Tempe are down 9%.   Seven cities are still seller's markets, five are balanced, and five are buyer's markets.   Now that the spring selling season is properly underway, more listings are going under contract. The supply of active listings without a contract has grown, but only by over 2% during the past week. This is slower than last month when we saw an increase of 3.2%. The contrast ratio has clawed its way back to 37, which is low but not terrible.  This time last year, it stood at 52 mainly because we had far less supply. Although CMIs are still headed lower in most places, the slight improvement in demand is starting to slow that trend.   Among the secondary cities, El Mirage, Apache Junction, Anthem, and Tolleson are seller's markets, and Laveen is balanced. At the same time, Litchfield Park, Sun City, Sun City West, Arizona City, Gold Canyon, Casa Grande, and Sun Lakes are buyer's markets. More listings are under contract now that the spring selling season is properly underway. The supply of active listings without a contract is growing, but only by over 2% during the past week. This is slower than last month when we saw an increase of 3.2%. The contract ratio has clawed its way back to 37, which is low but not terrible. This time last year, it stood at 52 mainly because we had far less supply. Although CMIs are still headed lower in most places, the slight improvement in demand is starting to slow that trend.   Casa Grande is in a robust buyer's market with a CMI of only 46.3.   Price changes are very much in vogue. They recently peaked at 3,820 per week, 52% higher than this time last year. This is not surprising, as we have 40% more listings now. Price cuts outnumber price increases by about 14 to 1. *Cromford Market Index™ is a value that provides a short-term forecast for the balance of the market. It is derived from the past four years pending, active, and sold listings trends compared with historical data. Values below 100 indicate a buyer's market, while values above 100 indicate a seller's market. A value of 100 indicates a balanced market. DSCR Loans: A Guide for Real Estate Investors As a real estate investor, whether just starting or experienced, you may explore various financing options to kickstart or expand your property investment journey. One financing option that you might come across is the Debt Service Coverage Ratio (DSCR) loan. DSCR loans are specifically designed for income-generating properties, and understanding them can be vital to making informed financial decisions as a real estate investor. This article will explain DSCR loans and how they can benefit you.   What is a DSCR Loan? The Debt Service Coverage Ratio (DSCR) is a financial metric lenders use to assess the risk of providing loans for income-generating properties. DSCR loans evaluate the property's ability to generate sufficient income to cover its operating expenses and debt service obligations. In other words, it analyzes whether the property's income is enough to pay the mortgage payments and other related costs.   How is the DSCR Calculated? To calculate the DSCR, you need two main figures: the property's proposed or existing rent and total debt service. Request your comparative market analysis   Rent: • Proposed (or Market) Rent : If you’re considering buying a property that isn’t currently income-producing and converting it into a rental, we order a Rent Schedule with the appraisal. The appraiser pulls the rents of nearby comparable homes, and we use that information to determine what the house would rent for in the current market. • Existing Rent  – if the home is currently rented out with a lease agreement, we can use that with documented proof of receipt.   Lease agreements are referred to as long-term rents (LTR).  However, with the rising popularity of VRBO and AirBnB, DSCR loans also allow for short-term rents (STR).  The easiest and preferred way to document this is to gather the rental data and documentation from the seller for the last 12 months.     Debt Service:   Total Debt Service:  Total Debt Service refers to the total debt payments required, including the mortgage payment and any other obligations on the property(most commonly, this would be the HOA dues). Once you have your Rents and Total Debt Service figures, you can calculate the DSCR using the following formula:   DSCR = Net Rent / Total Debt Service   Typically, lenders prefer a DSCR of 1.25 or higher. This means the property's income is 1.25 times greater than the debt service obligations, providing a comfortable margin for covering expenses and loan payments. It should be noted that ratios less than 1.25 are allowed.     Why are DSCR Loans Attractive to Real Estate Investors?   DSCR loans offer several benefits that make them attractive to real estate investors:   1.  Focus on Property Income:  Unlike traditional residential mortgages that heavily consider the borrower's personal income and credit history, DSCR loans primarily focus on the income-generating potential of the property. This allows investors to qualify for financing based on the property's performance rather than their financial standing.  This is particularly beneficial for self-employed borrowers who may have trouble qualifying based on tax returns. 2.  Enhanced Cash Flow:  DSCR loans ensure the property generates sufficient income to cover expenses and loan payments. This can lead to positive cash flow, where the rental income exceeds the expenses, providing investors with extra funds for property improvements or future investments. 3. Portfolio Growth:  DSCR loans can facilitate easier access to financing, allowing first-time investors to acquire multiple income-generating properties and expand their real estate portfolio. 4. Lower Personal Liability:  DSCR loans are often non-recourse, meaning that in the event of default, the lender's recourse is limited to the property itself, not the borrower's assets. This reduces the investor's liability, providing an added layer of protection.   Challenges to Consider:   While DSCR loans offer valuable benefits, real estate investors should also be aware of potential challenges: 1.  Stringent Qualification Criteria:  DSCR loans require substantial property income and may have stricter qualifications than conventional residential mortgages. One primary example is the down payment. DSCR loans typically need at least 20% to 25% down. 2.  Limited Options for Non-Income Properties:  DSCR loans are best suited for income-generating properties, making them less applicable for fix-and-flip or non-income properties.   Conclusion: DSCR loans present an attractive financing option for first-time or experienced real estate investors looking into income-generating properties. DSCR loans offer enhanced cash flow and portfolio growth opportunities by focusing on the property's income-generating potential. However, knowing the stringent qualification criteria and limitations for non-income properties is essential. As you explore financing options for your real estate investment, understanding DSCR loans can be valuable in making informed decisions that align with your investment goals and financial capabilities.  Please don’t hesitate to reach out if you would like to see how we can use this loan option to build your real estate portfolio. Housing Market The NAHB reports a sharp decline in builder sentiment in February due to concerns over tariffs, elevated mortgage rates, and high housing costs. Winter storms slowed single-family homebuilding in January. A limited rebound is expected amid tariffs and elevated mortgage rates. Mortgage demand dipped last week. Applications fell 6.6% as affordability continued to sideline potential buyers. Economy The minutes from last month's Fed meeting showed that officials wanted to maintain policy rates despite stubborn inflation and economic uncertainty. Mortgage rates have held steady to begin the year as inflation fears and concerns over a surge in debt issuance have failed to materialize. New jobless claims increased moderately last week, suggesting the labor market remains solid. Weather Have a great week!

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