Upcoming Events

2024 Star-Spangled Fireworks Show

Wednesday, July 3, from 6:00 - 9:00 PM
Estrella Mountain Ranch North Lake
FREE

Star Spangled Fourth

Thursday, July 4, from 6:00 - 9:00 PM
Goodyear Ballpark & Goodyear Recreation Campus
FREE

For those seeking a more energetic and festive atmosphere, head over to the Goodyear Recreation Campus. This location will be buzzing with excitement and is perfect for those who love a good tailgate party. Highlights include Wet and Dry Bounce Inflatables, Photo Opportunities, DJ Dance Party, and Food Trucks.

Back to School Event in Goodyear – FREE BACKPACKS & SUPPLIES

Saturday, July 20, from 10:00 - 12:30 PM
13471 W. Cornerstone Blvd., Goodyear, AZ 85395
FREE

Local Market Update

The real estate market is currently experiencing a moderate level of inventory, with a month's supply of 4.5. This indicates that it would take approximately 4.5 months to sell all the existing inventory at the current sales pace.

The 12-month change in months of inventory has increased significantly by 69.17%, suggesting a notable increase in the amount of available inventory compared to the previous year. This could indicate a shift towards a more buyer-friendly market, providing more options for potential homebuyers.

Homes are selling relatively quickly, with a median of 43 days on the market, indicating strong demand and competitive pricing. The list to sold price percentage is also high at 98.7%, showing that homes are typically selling close to their listing price.

The median sold price for homes in this market is $490,000, indicating a healthy and stable market with solid property values. Overall, these metrics suggest a balanced market with opportunities for both buyers and sellers to achieve their real estate goals.

Household Tip

Caring for Your Pets During the Hot Summer Months

As temperatures soar it's essential to ensure that your pets stay safe and comfortable. Here are some tips to help you care for your furry friends during the hot summer months:

1. Hydration is Key

• Always Provide Fresh Water: Make sure your pets have access to clean, fresh water at all times. Consider placing multiple water bowls around your home and yard to encourage frequent drinking.

• Water Bowls Outside: If your pets spend time outdoors, place water bowls in shaded areas to keep the water cool.

2. Avoid the Heat of the Day

• Walks and Exercise: Schedule walks and playtime during the cooler parts of the day, such as early morning or late evening. Avoid mid-day heat when temperatures are at their peak.

• Shaded Areas: Ensure your pets have access to shaded areas if they are outside. Trees, umbrellas, and pet-safe sun shelters can provide much-needed relief from the sun.

3. Protect Their Paws

• Hot Pavement: Pavement, asphalt, and sand can become extremely hot and burn your pet’s paws. Before heading out for a walk, check the pavement temperature with the back of your hand. If it’s too hot for you, it’s too hot for your pet.

• Protective Booties: Consider using pet booties to protect their paws from hot surfaces.

4. Never Leave Pets in a Parked Car

• Heatstroke Risk: Temperatures inside a parked car can rise rapidly, even with the windows cracked. Never leave your pets unattended in a vehicle, as it can lead to heatstroke or even death.

5. Grooming and Coat Care

• Regular Grooming: Keep your pets well-groomed to help regulate their body temperature. However, avoid shaving their fur completely, as it provides protection against sunburn and helps with temperature regulation.

• Shorter Haircuts: For pets with longer fur, consider a shorter trim, but leave enough fur to protect their skin from the sun.

6. Signs of Overheating

• Know the Symptoms: Watch for signs of overheating, such as excessive panting, drooling, lethargy, vomiting, and unsteady gait. If you notice any of these symptoms, move your pet to a cooler place immediately and provide water. Seek veterinary care if symptoms persist.

• Cooling Measures: Use cool (not cold) water to gently wet your pet’s body, especially the belly, and provide a fan for air circulation.

7. Create a Cool Environment

• Air Conditioning: Keep your home cool with air conditioning or fans. Provide a cool, shaded area where your pets can rest.

• Cooling Mats: Consider investing in cooling mats or pads for your pets to lie on.

By following these tips, you can ensure that your pets remain happy and healthy during the hot summer months in Goodyear. Always be mindful of the weather conditions and take proactive steps to protect your furry friends from the heat.

For more information on pet care during summer, visit the ASPCA's guide on hot weather safety.

Stay cool and enjoy a safe summer with your pets!

Real Estate Headlines

What’s Going On With Interest Rates?

The Federal Reserve has decided to leave rates unchanged despite some easing of inflation. The decision comes with an indication that more cuts are likely next year. However, for the year 2024, the board is forecasting just one rate cut. The delay in rate cuts is primarily due to persistent inflation, with the latest Consumer Price Index report showing annual inflation at 3.3%, a slight reduction from 3.4% in the previous months, but still above the Fed's target inflation rate of 2%.

This situation is expected to keep mortgage rates high, likely suppressing home sales during the summer. The Federal Reserve does influence mortgage rates, and the current stance is expected to impact potential homebuyers who are waiting for a relief in mortgage rates. The rates are currently around 7%, and with home prices continuing to rise, it's anticipated to be a relatively slow summer despite increases in inventory.

Interestingly, a new survey of lenders has unveiled a significant variability in mortgage rates across different states, with a difference of up to 38 basis points. This variability can translate into hundreds of dollars a year for borrowers. Factors such as the credit-worthiness of buyers, the level of competition among lenders, and the regulation in each state can cause this variability.

In terms of future prospects, economists have indicated that a return to 2-3% mortgage rates, like those seen during the pandemic, would require a catastrophic economic event. The recent period of ultra-low rates wasn't necessarily good for the housing market, even though it was beneficial for buyers at the time.

In conclusion, the current economic climate, marked by the Federal Reserve's decision to hold rates and the variability in state-wise mortgage rates, is presenting a complex scenario for both homebuyers and sellers.