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Patterson Group's Real Estate Blog

Homebuyers Are in the Mood to Buy Today

According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners...

The post Homebuyers Are in the Mood to Buy Today appeared first on Patterson Group's Real Estate Blog.

What Are the Experts Saying About Future Home Prices?

A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult....

The post What Are the Experts Saying About Future Home Prices? appeared first on Patterson Group's Real Estate Blog.

Two Big Myths in the Homebuying Process

The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals: “The majority of millennials not only want to own a home, but 84% of millennials in...

The post Two Big Myths in the Homebuying Process appeared first on Patterson Group's Real Estate Blog.

Three Reasons Why This Is Not a Housing Crisis

In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and...

The post Three Reasons Why This Is Not a Housing Crisis appeared first on Patterson Group's Real Estate Blog.

Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]

Highlights: Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most common language you’ll hear along...

The post Buying a Home: Do You Know the Lingo? [INFOGRAPHIC] appeared first on Patterson Group's Real Estate Blog.

Are We About to See a New Wave of Foreclosures?

With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job,...

The post Are We About to See a New Wave of Foreclosures? appeared first on Patterson Group's Real Estate Blog.

Economic Slowdown: What the Experts Are Saying

More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity...

The post Economic Slowdown: What the Experts Are Saying appeared first on Patterson Group's Real Estate Blog.

Why the Stock Market Correction Probably Won’t Impact Home Values

With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking place today, however,...

The post Why the Stock Market Correction Probably Won’t Impact Home Values appeared first on Patterson Group's Real Estate Blog.

A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC]

Some Highlights The COVID-19 pandemic is causing an economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th. All things considered,...

The post A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC] appeared first on Patterson Group's Real Estate Blog.

The Economic Impact of Buying a Home

We’re in a changing real estate market, and life, in general, is changing too – from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors. Even practices for engaging...

The post The Economic Impact of Buying a Home appeared first on Patterson Group's Real Estate Blog.




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Location & Address

David and Donna Patterson
34406 N 27th Drive #140
Phoenix, AZ
623-692-6998