Archives for March 2022

Pool Maintenance + Air Conditioning Quick Tips

Pool Maintenance + Air Conditioning Quick Tips – Get Ahead Before It Gets Too Hot!

 

Pool Maintenance Quick Tips

Tip #1 – Brush the steps and walls on a weekly basis, especially during the summer!

Tip #2 – Have your water tested weekly for proper chemical balances.

Tip #3 – Service your filter per manufacturer’s recommendations and clean out skimmer baskets.

Tip #4 – Check with your local municipality for pool safety requirements.

 

Air Conditioning Quick Tips

Tip #1 – Without routine maintenance, a normal air conditioning unit loses approximately 5% of efficiency each year.

Tip #2 – Maintain a 3 foot clearance around the A/C unit for proper air flow.

Tip #3 – Filters are critical to the proper and economical operation of the air conditioning unit. They should be changed or cleaned monthly.

Tip #4 – Contrary to popular belief, all A/C registers should remain open regardless of whether you are using the rooms or not.

 

How Much Did The Average Homeowner Gain In Equity Over The Past Year?

The Average Homeowner Gained More Than $55K in Equity over the Past Year

If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain is great news for you.

Here’s how it happened. Home values are on the rise thanks to low housing supply and high buyer demand. Basically, there aren’t enough homes available to meet this high buyer interest,  so bidding wars are driving home prices up. When you own a home, the rising prices mean your home is worth more in today’s market. And as home values climb, your equity does too. As Dr. Frank Nothaft, Chief Economist at CoreLogic, explains:

“Home prices rose 18% during 2021 in the CoreLogic Home Price Index, the largest annual gain recorded in its 45-year history, generating a big increase in home equity wealth.”

The latest Homeowner Equity Insights from CoreLogic shed light on just how much rising home values have boosted homeowner equity. According to that report, the average homeowner’s equity has grown by $55,300 over the last 12 months.

Want to know what’s happening in your area? Here’s a breakdown of the average year-over-year equity growth for each state based on that data.

The Average Homeowner Gained More Than $55K in Equity over the Past Year | MyKCM

How Rising Equity Impacts You

In addition to building your overall net worth, equity can also help you achieve other goals like buying your next home. It works like this: when you sell your house, the equity you built up comes back to you in the sale.

In a market where you’re gaining so much equity, it may be just what you need to cover a large portion – if not all – of the down payment on your next home. So, if you’ve been holding off on selling and worried about being priced out of your next home because of today’s home price appreciation, rest assured your equity can help fuel your move.

Bottom Line

Equity can be a real game-changer if you’re planning to make a move. To find out just how much equity you have in your home and how you can use it to fuel your next purchase, let’s connect so you can get a professional equity assessment report on your house.

How’s the Encanterra Market for March 2022?

Encanterra Market Report March 2022

As reported by the ARMLS  3/19/2022

Current active listings: 7

Current under contract listings: 21

Current coming soon listings: 1

Still have questions? Or want to know your home’s value? Contact us today! We would be happy to discuss this or any other questions with you.

 

The VERY BEST Sloppy Joe Recipe

March 18 is National Sloppy Joe Day!

National Sloppy Joe Day, celebrated every year on March 18, is a holiday that is dedicated to the greatest sandwich of all time, the sloppy Joe. The sandwich has been around for approximately 95 years now, playing a key role in fast-food restaurants and kitchen tables.

The day aims to explore the wholesomeness of an extraordinary sandwich that has transformed the way people look at sandwiches. The sloppy Joe has garnered global appeal with its base recipe featuring onions, ground beef, and tomato sauce, and depending on what part of the world you are in, delicious varieties are made available from infusing other local ingredients.

Check out this recipe…

The VERY BEST Sloppy Joe Recipe

 
The VERY BEST Homemade Sloppy Joe Recipe is not only delicious, but it’s quick and easy to make using REAL ingredients instead of a store-bought can of sauce. Hundreds of rave reviews agree!
 
CourseMain Course
CuisineAmerican
 
Prep Time5 minutes
Cook Time15 minutes
Total Time20 minutes
 
Servings4 sandwiches
Calories258kcal
Author: Samantha Skaggs 

Equipment

  • Large Dutch Oven

Ingredients

  • 2 cloves garlic minced
  • 1 pound ground beef (OR turkey)
  • 8 ounces tomato sauce
  • 1/2 cup ketchup
  • 1 to 4 tablespoons brown sugar
  • 2 tablespoons Worcestershire sauce
  • 1 teaspoon prepared mustard
  • 1/2 teaspoon garlic powder
  • 1/4 teaspoon onion powder
  • Freshly ground black pepper to taste
  • Hamburger buns
  • Sliced pickles

Instructions

  • Make the sauce in a 2-cup glass measuring cup (or a medium bowl). Stir together the tomato sauce, ketchup, brown sugar, Worcestershire sauce, mustard, garlic powder, onion powder, and freshly ground black pepper until well combined; set aside.
  • Set a large pot over medium-low heat. Add a few drops of extra-virgin olive oil, and saute the garlic for a minute or two until just fragrant and very light golden brown. Add ground beef, increase heat to medium/medium high, and cook until nicely browned with no pink remaining, breaking apart and stirring as the meat cooks. Drain the grease.
  • Pour the sauce over the browned meat, stir to combine, and simmer for at least 10 minutes until heated through, stirring occasionally.
  • Serve warm on hamburger buns or rolls with sliced pickles on top.
 

Notes

  • This Sloppy Joe sauce is intended to be slightly sweet, but it’s really a matter of taste. If you prefer a more savory sauce, feel free to use less brown sugar. Additionally, you may use unrefined sugar or even a squeeze of honey in place of the brown sugar, if you wish.
  • If you like your Sloppy Joe meat with onions and peppers, you may dice up half an onion and half a bell pepper and cook them in a tablespoon of olive oil until softened (about 5 to 10 minutes) before browning the beef. Remove the onions and peppers from the pot and proceed with the recipe as directed, cooking the meat and then stirring the onions/peppers back in at the same time you add the sauce.
  • The simmering time is up to you. If you’re in a hurry, 10 minutes is all you need. However, if you have more time, simmering for 30 to 45 minutes (or longer) will really allow the flavors of the sauce to develop and meld. Just remember to stir occasionally to prevent sticking/burning and add a splash of water if the sauce starts to get overly thick.

Nutrition

Calories: 258kcal | Carbohydrates: 13g | Protein: 24g | Fat: 11g | Saturated Fat: 4g | Cholesterol: 73mg | Sodium: 742mg | Potassium: 714mg | Sugar: 9g | Vitamin A: 400IU | Vitamin C: 6.8mg | Calcium: 38mg | Iron: 3.7mg

Supply vs Demand in Housing

Even with these conditions, more homes sold last year than in any year since 2006. Other people are making their goals a reality. If you are ready to make a move, let’s connect to talk about our local area and how you can take advantage of today’s unprecedented housing market!

How Global Uncertainty Is Impacting Mortgage Rates

How Global Uncertainty Is Impacting Mortgage Rates

How Global Uncertainty Is Impacting Mortgage Rates | MyKCM

If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time since May of 2019. But that climb has dropped slightly over the past few weeks (see graph below):

How Global Uncertainty Is Impacting Mortgage Rates | MyKCM

The recent decline in mortgage rates is primarily due to growing uncertainty around geopolitical tensions surrounding Russia and Ukraine. But experts say it’s to be expected.

Here’s a look at how industry leaders are explaining the impact global uncertainty has on mortgage rates:

Odeta Kushi, Deputy Chief Economist at First American, says:

“While mortgage rates trended upward in 2022, one unintended side effect of global uncertainty is that it often results in downward pressure on mortgage rates.”

In another interview, Kushi adds:

“Geopolitical events play an important role in impacting the long end of the yield curve and mortgage rates. For example, in the weeks following the ‘Brexit’ vote in 2016, the U.S. Treasury bond yield declined and led to a corresponding decline in mortgage rates.”

Kushi’s insights are a reminder that, historically, economic uncertainty can impact the 10-year treasury yield â€“ which has a long-standing relationship with mortgage rates and is often considered a leading indicator of where rates are headed. Basically, events overseas can have an impact on mortgage rates here, and that’s what we’re seeing today.

Will Mortgage Rates Stay Down?

While no one has a crystal ball to predict exactly what will happen with rates in the future, experts agree this slight decline is temporary. Sam Khater, Chief Economist at Freddie Mac, echoes Kushi’s sentiment, but adds that the decline in rates won’t last:

“Geopolitical tensions caused U.S. Treasury yields to recede this week . . . leading to a drop in mortgage rates. While inflationary pressures remain, the cascading impacts of the war in Ukraine have created market uncertainty. Consequently, rates are expected to stay low in the short-term but will likely increase in the coming months.” 

Rates will likely fluctuate in the short-term based on what’s happening globally. But before long, experts project rates will renew their climb. If you’re in the market to buy a home, doing so before rates start to rise again may be your most affordable option.

Bottom Line

Mortgage rates are an important piece of the puzzle because they help determine how much you’ll owe on your monthly mortgage payment in your next home. Let’s connect so you have up-to-date information on rates and trusted advice on how to time your next move.

This Spring Presents Sellers with a Golden Opportunity

This Spring Presents Sellers with a Golden Opportunity

If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one.

If that’s the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of opportunity.

1. The Number of Homes on the Market Is Still Low

Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market today than there are homes available. That means purchasers are eagerly waiting for your house.

Listing your house now makes it the center of attention. And if you work with a real estate professional to price your house correctly, you can expect it to sell quickly and likely get multiple strong offers this season.

2. Your Equity Is Growing in Record Amounts

According to the most recent Homeowner Equity Insight report from CoreLogic, homeowners are sitting on record amounts of equity thanks to recent home price appreciation. The report finds that the average homeowner has gained $55,300 in equity over the past year.

That much equity can open doors for you to make a move. If you’ve been holding off on selling because you’re worried about how rising prices will impact your next home search, rest assured your equity can help fuel your move. It may be just what you need to cover a large portion – if not all – of the down payment on your next home.

3. Mortgage Rates Are Increasing

While it’s true mortgage rates have already been climbing this year, current mortgage rates are still below what they’ve been in recent decades. In the 2000s, the average mortgage rate was 6.27%. In the 1990s, the average rate was 8.12%.

For context, the current average 30-year fixed mortgage rate, according to Freddie Mac, is 3.85%. And while recent global uncertainty caused rates to dip slightly in the near-term, experts project rates will rise in the months ahead. Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae, says:

“For homebuyers, we believe that borrowing costs will likely rise with the increase in mortgage rates….”

When that happens, it’ll cost you more to purchase your next home. That’s why it’s important to act now if you’re ready to sell. Work with a trusted advisor to kickstart the process so you can take key steps to making your next purchase before rates climb further.

4. Home Prices Are Climbing Too

Home prices have been skyrocketing in recent years because of the imbalance of supply and demand. And as long as that imbalance continues, so will the rise in home values.

What does that mean for you? If you’re selling so you can move into the home of your dreams or downsize into something that better suits your current needs, you have an opportunity to get ahead of the curve by leveraging your growing equity and purchasing your next home before prices climb higher.

And, once you make your purchase, you can find peace of mind in knowing ongoing home price appreciation is growing the value of your new investment.

Bottom Line

If you want to win when you sell and when you buy, this spring could be your golden opportunity. Let’s connect so you have the insights you need to take advantage of today’s incredible sellers’ market.

 

Ben Leeson and TJ Kelley

Arizona Experience Realty Group Resale Broker for the SHEA Preferred Program

480-677-8170

Info@ENCBrokers.com

 

36460 N Encanterra Drive Queen Creek, AZ 85140