Ken Plonski Real Estate Agent

Ken Plonski

License#: SA649468000
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Today's Real Estate News

By - May 27, 2025
Fannie Mae just revised its expectations for mortgage rates and home sales this year, offering a brighter outlook for the U.S. housing market. In reports earlier this year, the team forecast that the 30-year, fixed rate mortgage average could end 2025 as high as 6.8%. Now, that figure has been revised to 6.4%, the lowest expected average yet this year. They also forcast 4.92 million sales in 2025
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Today's Real Estate New

By Ken Plonski - May 20, 2025
Del Webb is moving its inventory (spec) homes at Sun City Festival with some very agressive pricing. On May 1 they had 56 specs available and since that date they have sold 24 specs compared to 18 resale homes. It's pretty obvious they are offering some outstanding deal to capture buyers. Their published discounts range in the $40,000-$60,000 range, but a good number of homes have been discounted
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Today's Real Estate New

By Ken Plonski - May 14, 2025
As you will notice on this graphic, home inventory in Arizona has taken a sharp jump upward. There is now more than 25% more inventory on the market than a year ago, giving buyers many more homes from which to choose. Unfortunately for homeowners, pricing has remained flat with the median sales price dropping 1.4% from one year ago. It looks like the summer will be a Buyer’s Market, with favorab
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Today's Real Estate New

By Ken Plonski - May 08, 2025
Did you know that the Phoenix metro topped the list of cities with the most price reductions on homes, with about a third of nearly 20,000 active listings in the city seeing asking prices slashed in April? Notably, the share of discounted for-sale homes in Phoenix has surged by 7.6% compared with April 2024, the largest spike among the top 10 metros. The median list price in Phoenix was $525,000
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Today's Real Estate New

By Ken Plonski - April 14, 2025
Today's Real Estate News The Sun City Festival resale market has been performing well since January, selling listed properties at a rate of about 1 per day. Of course there are 120 listing right now. Some people may think that's a large number of listing, but when you realize there are about 4,200 completed homes here, that 3% number is right where is should be to sustain a healty market. We'r
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Today's Real Estate News

By Ken Plonski - November 14, 2024
$150,000 Up! The average homeowner has accumulated nearly $150,000 in housing wealth over the last five years. Nationally, homeowners continued to see their equity grow in the third quarter, with nearly 90% of major U.S. metro areas posting increases according to the National Association of REALTORS®. Home prices do appear to be slowing down slightly from their rapid gains in recent years, whic
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Today's Real Estate News

By Ken Plonski - November 11, 2024
A Buyer's Home Search Process As I seek out buyer's for my client's homes, it's important to understand how those buyer looks for their home... In 2024, the home buying process for many started online, with 43% of buyers indicating that their first step was to look for properties on the internet. Additionally, 21% of buyers reached out to a real estate agent as their initial action. Real estate
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Today's Real Estate News

By Ken Plonski - November 07, 2024
Market Trends Ten years ago, about 12% of all home sales were cash purchases. Today, more than a quarter—26%—of home buyers over the past year paid cash for their home purchase—an all-time high. (The 55+ market is around 50%!) This enables these buyers to bypass a mortgage at a time when interest rates on loans are hovering around 7%. Thirty-one percent of repeat home buyers were able to pay cas
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Today's Real Estate News

By Ken Plonski - November 03, 2024
Sun City Festival We start the month of November at Sun City Festival with 84 existing homes and nine Del Webb inventory homes on the market. Those inventory homes are carrying discounts starting at $32,000. Having 93 homes on the market might sound like a lot, but in a community of almost 4,200 homes, that means that only about 2 of every 100 homes is for sale. And with more sellers than buye
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Today's Real Estate News

By Ken Plonski - October 25, 2024
Home Sales Continue to Slow Sales of previously owned homes dropped to a 14-year low in September, as rising mortgage rates and high home prices continue to fuel an affordability crisis. Click the link below to see the full details. https://www.foxbusiness.com/economy/existing-home-sales-fall-lowest-level-since-2010
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