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Goodyear Real Estate Blog

The Cross Team


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3 reasons we are NOT in a real estate bubble

by The Cross Team

With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago.

Last decade, demand for housing was artificially propped up because mortgage lending standards were way too lenient. People that were not qualified to purchase were able to attain a mortgage anyway. Prices began to skyrocket. This increase in demand caused homebuilders in many markets to overbuild.

Eventually, the excess in new construction and the flooding of the market with distressed properties (foreclosures & short sales), caused by the lack of appropriate lending standards, led to the housing crash. 

Where we are today…

1. If we look at lending standards based on the Mortgage Credit Availability Index released monthly by the Mortgage Bankers Association, we can see that, though standards have become more reasonable over the last few years, they are nowhere near where they were in the early 2000s.

2. If we look at new construction, we can see that builders are not “over building.” Average annual housing starts in the first quarter of this year were not just below numbers recorded in 2002-2006, they are below starts going all the way back to 1980.

Bottom Line

Mortgage lending standards are appropriate, new construction is below what is necessary and home prices haven’t even recovered. It appears fears of a housing bubble are over-exaggerated.

Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.

For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart below. 

As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment! To begin your homebuying process, call The Cross Team at 623-777-3302. 

For a FREE estimate of your home's value, visit

The Cross Team donates back to local businesses

by The Cross Team

We are partnering with local west valley businesses & giving back 10% of our commission to the business's charity of choice! In this case we're working with Ottawa University in Surprise AZ & we've started The Cross Team Scholarship in order to help students in need attend college! We will continue to donate to the scholarship fund every time a student or faculty member buys or sells a house through our team. 

We want to partner with more local businesses to help give back to their non-profit of choice! If you are interested in participating in this exciting program please call Brian Cross at 623-297-9767 for more information! 

The State Of The Market April 2017

by The Cross Team

The state of the market remains strong. Inventory is continuing to decline and prices are continuing to inch up slowly. The number of sales per month is also continuing to go up. Average days on market right now is 78. This has gone down from 90 days average 2 years ago. 

Overall we are still in a healthy market. Prices are going up at a sustainable rate, and interest rates continue to stay at an affordable level. 

If you have any specific question on the market, contact The Cross Team at 623-777-3302! 

How we are supporting businesses relocating to the west valley

by The Cross Team

How we are helping local business who move to the west valley

The west valley (which includes Avondale, Buckeye, Glendale, Goodyear, Litchfield Park, Peoria, Surprise and Tolleson) is growing at a record pace. Companies are moving out here for the cheap land prices & great labor pool.  As a result individuals and families are moving out here in record numbers. As a real estate team with 15 years of experience in the west valley, we are uniquely positioned to assist individuals & families moving to the area. Plus we give back to the non-profit of your choice!

We will donate 10% of our commission to the non-profit of your company's choosing! 

Here's how our "Local Business Partner Program" works. 

Whenever you have someone relocating, considering relocating, or just simply moving who works for your company, you simply refer us to the individual or family, and we will donat 10% of our commission to your company's charity of choice! It's that simple! Plus we provide great real estate service along the way! 

It's a win-win for us and the companies we partner with. For more information please contact Brian Cross at 623-297-9767 or email at

We look forward to partnering with your growing business! 
Here is our 1st check we presented to Ottawa University for The Cross Team Scholarship Fund!

10 tips to make your garage energy efficient

by The Cross Team

Don't let your luck run out! Get in before rates go up

by The Cross Team


  • The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
  • Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.8% according to CoreLogic.
  • Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!

5 Reasons To Use A Realtor

by The Cross Team

5 Reasons to Love Using A RE Pro 


  • Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make!
  • They are there for you to help with paperwork, explaining the process, negotiations, and helping you with pricing (both when making an offer or setting the right price for your home).
  • One of the top reasons to hire a real estate professional is their understanding of your local market and how the conditions in your neighborhood will impact your experience

AZ makes top 10 states people are moving to

by The Cross Team

Where Did Americans Move in 2016?

Some Highlights:

  • For the 5th year in a row, the Northeast saw a concentration of “High Outbound” activity.
  • For the first time ever, South Dakota held the top spot for “High Inbound” states.
  • Much of America’s outbound activity can be attributed to Boomers relocating to warmer climates after retiring.

Don't be surprised by closing costs

by The Cross Team

Over Half of All Buyers Are Surprised by Closing Costs


According to a recent survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.

After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees were than expected.

“Closing costs are typically between 2 and 5% of your purchase price.”


“Homebuyers reported being most surprised by mortgage insurance, followed by bank fees and points, taxes, title insurance and appraisal fees.”

Displaying blog entries 1-10 of 55