Explore Uptown Phoenix Living: A Stunning Home with Profitable Airbnb Potential

Are you searching for a dream home that offers both luxury and investment potential? Look no further than 7028 N 12TH Way in Phoenix, Arizona. This exquisite property, with a listing price of $1,000,000, presents an incredible opportunity for homeowners and investors alike. Nestled in the heart of Uptown Phoenix, this home is not only beautifully designed but also comes fully furnished.One of the standout features of this home is its rare split floor plan, which includes two master bedrooms with ensuite bathrooms and private entrances. This unique layout makes it perfect for multigenerational living or offering privacy to guests. As you step inside, you will be greeted by new flooring that spans throughout the open living space, creating a seamless and elegant atmosphere.The kitchen is a true masterpiece, featuring granite countertops, a custom backsplash, and top-of-the-line appliances. Notably, it is equipped with a smart fridge and not just one, but two washing machines. This thoughtful design ensures convenience and efficiency for all your laundry needs. As you prepare meals in this beautiful space, you can enjoy breathtaking views of the backyard and its stunning sunsets.Speaking of the backyard, it is an oasis that provides serenity and tranquility. The expansive covered patio is perfect for outdoor dining and entertaining, while the mature landscaping adds a touch of nature to the surroundings. The sparkling pool invites you to take a refreshing dip on hot Arizona days. Whether you are hosting a gathering or simply unwinding after a long day, this backyard is an idyllic retreat.What sets this property apart is its impressive history as a profitable Airbnb rental. Throughout 2024, it has been consistently booked, making it an excellent opportunity for investors. With its prime location in Uptown Phoenix, a popular area for tourists and travelers, this home has immense income potential. The stylish furnishings, included in the sale, further enhance its appeal as an Airbnb rental, making it attractive to potential guests.Beyond its investment potential, this home is perfect for those seeking a luxurious and comfortable lifestyle. The thoughtfully designed layout and high-end finishes create an inviting and welcoming ambiance. Whether you love to entertain guests or enjoy quiet family evenings, this home has it all.In summary, 7028 N 12TH Way in Phoenix, Arizona, offers an extraordinary opportunity to own a beautiful home in Uptown Phoenix. With its rare split floor plan, stunning kitchen, and a backyard that feels like a personal oasis, this property is truly exceptional. Its history as a profitable Airbnb rental makes it an enticing prospect for investors. Don't miss your chance to own this magnificent home and indulge in the epitome of Uptown Phoenix living.{Title: Explore Uptown Phoenix Living: A Stunning Home with Profitable Airbnb Potential}

Should you wait to sell until the election?

Sellers in the real estate market are constantly evaluating various factors that could potentially impact the profitability of their sale. With the upcoming presidential election just around the corner, many sellers find themselves contemplating whether they should wait until after the election to list their property. While this decision ultimately depends on individual circumstances, it is crucial to analyze the pros and cons before making a final choice.One of the main reasons sellers consider waiting is the uncertainty surrounding the election. Political changes can significantly affect the economy, and consequently, the real estate market. By waiting until after the election, sellers hope for stability and a more predictable market. However, it is important to note that the real estate market has historically shown resilience and adaptability, even during times of political uncertainty.Another factor to consider is the potential impact of the election on buyer sentiment. Buyers may exhibit caution and hesitate to make significant financial decisions during election periods. This hesitation could lead to a decrease in demand, resulting in a longer time on the market for sellers. However, it is crucial to remember that there will always be buyers in the market, regardless of the political climate. The key is to price the property appropriately and ensure it stands out among the competition.It is also worth noting that interest rates, which play a significant role in the affordability of real estate, can be influenced by the outcome of the election. Changes in interest rates can impact a buyer's purchasing power and subsequently affect the demand for properties. Waiting until after the election could provide sellers with a clearer picture of the interest rate landscape and help them make informed decisions regarding pricing and negotiation.While sellers are weighing the potential benefits of waiting, it is essential to consider the current state of the real estate market. Despite the ongoing pandemic, the housing market has remained remarkably robust. The low inventory levels and high demand have created a competitive environment for sellers. Therefore, waiting until after the election could mean missing out on the current favorable conditions.Moreover, real estate news and experts suggest that the real estate market is expected to continue its positive momentum well into 2021. By listing now, sellers can take advantage of the current market conditions and potentially secure a favorable sale price. Timing the market perfectly is challenging, and it is essential to evaluate individual circumstances and goals before making a decision.In conclusion, the decision to wait until after the presidential election to sell a property is a complex one, and sellers should carefully weigh the pros and cons. While waiting may provide a sense of stability and predictability, the current real estate market conditions and the long-term positive outlook should also be taken into consideration. It is crucial to consult with a real estate agent who possesses in-depth market knowledge and can provide personalized guidance based on individual circumstances. Ultimately, sellers should make a decision that aligns with their goals and objectives, rather than solely relying on external factors like the election.

Real Estate Is Still the Best Long-Term Investment [INFOGRAPHIC]

Some HighlightsAccording to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years.That’s because a home is so much more just than a roof over your head. It’s also an asset that typically grows in value over time. If you’ve been debating if it makes more sense to rent or buy, connect with a real estate agent to talk about why homeownership can be a better bet in the long run. 

Homebuilders Aren’t Overbuilding, They’re Catching Up

You may have heard that there are more brand-new homes available right now than the norm. Today, about one in three homes on the market are newly built. And if you’re wondering what that means for the housing market and for your own move, here’s what you need to know.Why This Isn’t Like 2008People remember what happened to the housing market back in 2008. And one of the factors that contributed to that crash was that there were too many homes for sale. While only part of the oversupply back then came from builders, the lasting impact is that some people still feel uneasy when they hear new home construction has ramped up.Even though the supply of new homes has grown this year, the data shows there’s no need to worry. Builders aren’t overbuilding, they’re just catching up. The graph below uses data from the Census to show the number of new houses built over the last 52 years. Following the crash in 2008, there was a long period of underbuilding (shown in red). And it wasn’t until recently that we finally met the long-term average for how many homes are built in a typical year. This shows, that even with the increase in new builds we’ve seen lately, there won’t suddenly be an oversupply of homes for sale. There’s too much of a gap to make up after over a decade of underbuilding. And if you’re still worried builders are overdoing it, here’s something else that should be reassuring. New Home Construction May Be at Its Peak for the YearThe latest data from the Census on housing starts (homes where builders just broke ground) and permits (homes where builders can start development soon) shows builders are slowing down their pace right now. Why is that?They’re responding to still high mortgage rates and how those are impacting buyer demand. Basically, they’re pulling back appropriately in response to what’s happening in the market. As an article from HousingWire explains: “Even with a massive housing shortage across the nation, homebuilders are completing their pipelines and not seeking as many permits to construct new single-family houses.” Builders remember what happened when they overbuilt in the crash, and they’re looking to avoid a repeat of that. So, they’re being mindful and pulling back a bit.You May Have More Options Now Versus LaterIf you’re considering a newly built home, here’s how this impacts you. With builders seeking fewer permits and not breaking ground on as many new homes, we may be at the peak of new home construction for the year. This doesn’t mean new home construction is screeching to a stop – just that the pace is slowing down now, and that’ll impact what comes to market later this year. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:“Given the recent declines in housing starts, home completions will steadily show declines in about six months.”So, if you’re ready and able to buy now, you may find you’ll have more newly built options to choose from now versus later on. This may be enough reason to kick off your search. Just be sure to work with a local real estate agent you know and trust throughout the process. An agent will have valuable insight into builder reputations and other key factors specific to your market. And if there isn’t much new construction near you, they’ll be able to point you toward a nearby area where there is.Bottom LineWhile it’s true new home construction is a bigger segment of the market than the norm, that’s not a bad thing. Builders aren’t overbuilding, and they’re responding to market signals to avoid repeating the mistakes that were made in 2008. If you want to buy now while new home options may be at their peak, reach out to a local real estate agent.