Sherrie Bellamy

Sherrie Bellamy

REALTOR®, Associate Broker BR585058000 Certified Luxury Home Marketing Specialist, GRI English
11211 N. Tatum Boulevard Ste. 120 Phoenix AZ 85028
(602) 432-8723

Blog

Housing Wealth: The Missing Piece of the Affordability Equation

By Sherrie Bellamy - June 18, 2021
The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing prices are causing some to start questioning affordability in the current housing market. Many are quick to emphasize

Hope Is on the Horizon for Today’s Housing Shortage

By Sherrie Bellamy - June 15, 2021
The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below that threshold means we’re in a sellers’ mar

Have Your Day in the Sun by Moving Up This Summer

By Sherrie Bellamy - June 11, 2021
Longer days and sunny weather mean summer is upon us, and what better conditions than right now to upgrade to the home of your dreams? If your needs have changed, it’s a great time to upgrade – there’s likely high demand for your current house, and today’s low mortgage rates can help you afford your dream home. If you’re ready to upgrade to a home that matches you

Home Price Appreciation Is as Simple as Supply and Demand!

By Sherrie Bellamy - June 09, 2021
Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at hist

What’s Motivating People To Move Right Now

By Sherrie Bellamy - June 03, 2021
This year, Americans are moving for a variety of reasons. The health crisis has truly reshaped our lifestyles and our needs. Spending so much more time in our current homes has driven many people to reconsider what homeownership means and what they find most valuable in their living spaces. According to the 2020 Annual National Movers Study: “For customers who cited COVID-19 as an influe

How Misunderstandings about Affordability Could Cost You

By Sherrie Bellamy - May 28, 2021
There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly affordable to buy a home right now. When addressing this topic, the

Where Do Experts Say the Housing Market Is Heading

By Sherrie Bellamy - May 25, 2021
As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come. realtor.com “. . . homes continue to sell quickly in what’s normally the fastest-moving time of

Sellers Are Ready To Enter the Housing Market

By Sherrie Bellamy - May 21, 2021
  One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight.   The

Are Interest Rates Expected to Rise Over the Next Year?

By Sherrie Bellamy - May 18, 2021
  So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say.   Danielle Hale, Chief Economist, re

Your Home Could be the Oasis in an Inventory Desert

By Sherrie Bellamy - May 14, 2021
  Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs the current housing supply. Here’s how the shortage of houses for sale sets yours up to be the oasis in

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