Home in 5 Program is back!
The Home in Five program is back, but with limited funds—once they’re gone, they’re gone. This down payment and closing cost assistance program has helped many Maricopa County homebuyers, but it isn’t always available. Before last year, funding was unavailable for several years. If you’ve been waiting for an opportunity to buy, now is the time to see if you qualify before the funds run out. Click here for more info
Market Update, Rates and Tariffs
More listings hitting the market and mortgage demand is surging after interest rates dropped to their lowest level since last October. Home prices remain stable, and demand is showing signs of life as buyers take advantage of improved borrowing conditions.
A major factor shaping the coming months is the recent drop in mortgage rates, which led to a 20% jump in weekly mortgage demand. Refinance applications surged 37% in just one week, showing that buyers from the last two years are finally seeing an opportunity to improve their rates. Purchase applications also rose 9% for the week and are now 2% higher than the same week one year ago. While this is a slow and steady increase, it’s a positive sign that demand is ahead of last year’s pace.
With mortgage rates trending down, the market could gain even more momentum heading into the peak spring and summer season. Additionally, new tariffs on materials from China, Canada, and Mexico are expected to put upward pressure on construction costs, which could push new home prices even higher. As a result, resale homes may become a more attractive option for buyers, strengthening their position in the market.
🏡 Exclusive Open House: New Build Duplex & Investment Workshop! 📈
This isn’t just a walk-through—it’s a chance to learn how to build wealth through real estate. Over 20 years ago, I started with my first fix-and-flips. Now, I’m developing new builds from the ground up. I want to share the lessons, the wins, and the strategies that got me here!
✨ What You’ll Learn:
✅ How to get started in real estate investing
✅ The process of buying land & building new construction
✅ Investment lending options – land & build financing included!
A lender will be on-site to answer all your financing questions, so you can see how this strategy might work for you. Whether you're an experienced investor or just curious, this is your chance to take the next step!
🔗 RSVP now – space is limited! Click picture for more info.
ANOTHER GIVEAWAY!! ☕️
We love to support local business and we love coffee! We are giving away 5 gift cards to our friends at THE STAND parked daily - 2601 E Baseline Rd. GIlbert, AZ 85234
IF YOU WOULD LIKE TO WIN ONE OF THESE GIFT CARDS, email us back at ocotillorealtyteam@gmail.com and we will give the first 5 people to email us a gift card to try them out! Trust us, you want to try them out!