todays marketplace: Fountain Hills real estate July 5 - Aug 5, 2010 - 08/10/10 02:07 PM
Even thought the temperature remain hot, the Fountain Hills Real Estate market has 'cooled' from July 5th to August 5th 2010.Residential closed sales have dropped from 520 to 473 (16%) and the properties currently in escrow (pending sale) were reduced from 413 to 348 (12%).The overall number of active listings has also been reduced from 2,914 to 2,896. The slower summer month activity should increase with the approaching fall and winter months just around the corner. There are some excellent opportunities for those Snowbirds that descend on the Valley of the Sun. Search for Fountain Hills Real Estate … (1 comments)
todays marketplace: May 2010 greater Phoneinx Metro area Real Estate Sales - 06/25/10 06:43 PM
Home prices in the greater Phoenix metro area continue to be influenced by foreclosure-related activity. However, the foreclosure share of the recorded in May 2010 has decreased from 40% to the 33% recorded in March 2010.We are heading in the right direction. Again, foreclosure activity varies across the valley (40% in El Mirage while only 22% in Tempe). Median foreclosure sales prices widely vary across the valley as well. Even in a single city the median prices can differ. For instance, in North Scottsdale the median price of a foreclosed property was $446,000 while in South Scottsdale the median price was … (1 comments)
todays marketplace: So what is Renovation Lending? - 06/23/10 07:18 PM
Renovation Lending is a option for purchasing a property sold 'as is'. This type of loan will include the purchase price and repair money. Wow, the buyer can purchase the house and have the cash to pay for professional contractors to fix it up after closing! No need for ‘out of pocket money’ or a second loan to make the repairs to the property. The borrower can get just one mortgage loan, at a long-term fixed (or adjustable) rate, to finance both the acquisition and the rehabilitation of the property. In today's market place with so many vacant lender owned properties … (1 comments)
todays marketplace: The Arizona Short Sale Advisory - tool for consumers - 05/31/10 07:44 PM
Short sales are plaguing the real estate market. Here in Arizona a Short Sale Advisory has been generated by the Arizona Association of Realtors. This advisory provides valuable information for a short sale real estate transaction. In addition to the information included in the Short Sale Advisory itself, there are multiple hyperlink references for web sites with additional assistance and guidelines. The Arizona Short Sale advisory has been an example to the rest of the country for providing the consumer with needed information to answer their short sale questions as well point the homeowner to resources available to them. The Short … (0 comments)
todays marketplace: New Lease Property in NE Phoenix - 05/08/10 03:44 PM
Wow, this is a great home in NE Phoenix close to parks, schools and convenient for freeway travel. This tow level 3 bedroom (all upstairs). 2.5 bath home is clean and in excellent condition. The first floor is all tile while upstairs if new carpet. All new appliances. Washer, dryer and refrigerator included. Eat in kitchen and breakfast bar. Open bright layout. Neutral colors. Storage cabinets in the garage. Nice size private backyard - easy maintenance, mature landscaping, large covered patio and built in BBQ. Would be great for entertaining. Lease for only $1250 per month. Minimum 12 month lease. Sorry … (0 comments)
todays marketplace: Fountain Hills real estate April 2009-April 2010 - 05/01/10 03:34 PM
What a difference a year can make. According to the Cromford Report real estate statistics for Fountain Hills from March 2009 thru March 2010, the inventory has been reduced, the sales price per square foot has remained level and the foreclosure notices have increased. Since the beginning of 2010, sales per month has had a major upswing. It appears that the real estate market here in Fountain Hills as with most other cities that comprise the greater Phoenix merto area know as "Valley of the Sun" has been very active as investors, first time home buyers and people relocating have jumped … (0 comments)
todays marketplace: Going, Going, Going …….Green - 04/01/10 10:01 PM
The real estate industry continues to strive to improve the green home and educate the public of the amazing technology available today to make their existing home more ‘green'. The benefit of green technology is twofold. Not only does the homeowner help the environment, he also saves money and enjoys a more comfortable surrounding. Many of the invocative green technology options available today can improve the average energy efficiency and produce a healthier indoor quality of living. Solar heating, hybrid solar systems, green batteries, better thermal insulation are some of the new options being developed. Renewable energy and sustainability will be … (0 comments)
todays marketplace: If lenders lose less money with a short sale, why aren't more selling? - 03/30/10 07:05 PM
The short sale, now an every day word in our vocabulary, is a property that has a loan due to a lender that is less than the present real estate market value. The actual short sale occurs when a lender agrees to discount a homeowner's loan balance when an 'upside-down' homeowner needs to sell his home. The bank absorbs the monetary loss and the homeowner loses his home. Here in AZ, the homeowner is protected. We are an Anti-Deficiency state, meaning that the lender cannot come after the homeowner for the deficiency of the sale. What happened to the 'good old days'when … (0 comments)
todays marketplace: Factors that should NOT affect your Home Asking Price - 03/29/10 04:12 PM
Establishing the market value is not an absolute science. But is should be based upon location, the latest ‘like property' sales in your neighborhood, condition of home, features, market inventory and conditions. Here are some factors that should NOT influence the pricing your home : Your cost. The amount you paid, does not affect the current market value. Your Investments / Improvements. Sometimes improvements, such as upgraded new kitchen, can influence the asking sales price, but typically you will not recoup the total amount of your improvements. An improvement to you, may not necessarily be an improvement to a potential buyer. … (2 comments)
todays marketplace: Financial Hardship STILL required for a Short Sale - 03/24/10 12:54 PM
The Short Sale - only a few short years ago this term was not part of our every day vocabulary! In case, you still are not sure what the term means; it is a property that is sold for less than the present balance of the mortgage. The "short" history of this process was often difficult and time consuming and was rarely successful. The government is attempting to provide legislation to assist defaulting homeowners avoid foreclosure by speeding up the Short Sale process. The latest program will allow owners to sell for less than they owe and will give them a … (0 comments)
todays marketplace: Good News..... - 01/18/10 02:54 PM
In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, Friday, Jan 15, 2010, HUD Secretary Shaun Donovan announced a temporary policy that will expand access to FHA mortgage insurance and allow a quicker resale of foreclosed properties. The 90 Day “Seasoning Rule” for FHA financing, will be lifted starting Feb 1, 2010. It will be in effect for ONE year. FHA currently requires a seller to own (must be on the title) a Phoenix property for a minimum of 90 days before they can sell it to a buyer using FHA financing. In today's real … (0 comments)
todays marketplace: Great Real Estate Info Resource - 01/15/10 06:01 PM
The National Association of Realtors(NAR) continues to monitor the historical trends and current status of the real estate market across the country. While some of these numbers may be broad they also provide general local statistics for several major cities. Every state, city, community and subdivision is unique. However, a general report is a place to begin if you are thinking of relocating or if you simply want to have a better understanding of your area. The media information often lags the true market status by a few months while they wait for the data to be dissected. The latest reports … (0 comments)
todays marketplace: Today's Real Estate Buyers Want to Stay Within Budget - 01/11/10 07:12 PM
Welcome to 2010! Buyers in today's real estate market are reluctant to push the limits of their budgets. Unlike the buyer in the hot 2005 real estate market which instilled major fear that "if you do not buy today, you will be priced out of the market tomorrow", today's real estate buyer is more cautious and wary. There are multiple factors that have caused this prudence. The general economy, the falling real estate values (why buy today when it may be worth less tomorrow?) , fear instilled by observing buyers who are now 'upside/down' on their homes and recession / job … (1 comments)
todays marketplace: Will the greater Phoenix metro area reach 90,000 sales?? - 12/29/09 12:58 PM
The greater Phoenix metro area real estate market is booming once again!As of TODAY (12-29-2009) there have been 89,777 properties sold! And, we SHOULD reach 90,000 before December 31st. There were approximately 60,000 properties sold in 2008. Thus, real estate sales improved approximately 50% in 2009! We probably will not see the 50% increase in unit sales that we saw at the end of 2009. However, a 5-10% increase in sales is attainable, and that figure will be the 3rd highest number of closings- all time for our market. So What is the future for the Phoenix metro area real estate market? Here … (1 comments)
todays marketplace: Buyin Real Estate --- So, 1 + 1 Still Equals 2, Right?? - 12/11/09 03:36 PM
Now is the time to buy a propriety! Whether you are a fist time home buyer or investor, the real estate market has not been so inviting for quite a while! For EVERYONE, the interest rates are LOW The 30-year fixed rate mortgage rate averaged 4.81% for the week ending December 10, 2009. Last week, it averaged 4.71% and last year at this time it averaged 5.4%. (might I add that , when we purchased our first home in the late 70's, the interest rate was a healthy 10%!) The local Multiple Service Inventory is at record levels with many short … (0 comments)
todays marketplace: There is never a bad time to Improve your Credit Score - 11/14/09 02:52 PM
Whether you have poor credit or excellent credit - there is never a bad time to improve your credit score! Your credit score is an extremely important financial tool. It provides access to the financing you need in order to buy a car, a home, or pay for college tuition, among other things. When applying for a mortgage, every point in your credit score can make a big difference. Make Plans now to ensure your credit is accurate and begin to make increases on your score over time. So, where to you begin?? First, at a minimum, you should review … (1 comments)
todays marketplace: Take advantage of the extended and expanded tax credit gift! - 11/14/09 01:31 PM
Homebuyers have been given a gift! The extension and expansion of the tax credit provides time to still jump in to this ripe real estate market. And, there are some excellent choices available. The FHA option of putting only 3 1/2% down is an excellent opportunity for those buyers who are 'cash poor' but certainly able and qualified to make the monthly mortgage payments. Often the final monthly mortgage payment is less than the cost of rent even without the additional benefit of deductible interest at tax time. Now buyers have until April 30, 2010 to sign a purchase contract … (0 comments)
todays marketplace: November Phoenix Real Estate Market Updat - 11/07/09 02:21 PM
November is here! Where do the years go anyway? There is good news on the real estate front as the market is very active. Of course, the most active market remains in the lower price ranges but as these properties sell, the more expensive market will become the new hot spot. Its official – President Obama signed the Homebuyers Tax Credit extension and expansion on Nov 6, 09. So what about the numbers for October 2009? Do not believe everything you read in the newspapers or hear on the news as the data they receive lags the current market by … (0 comments)
todays marketplace: It's Official! - Tax Credit Extended! - 11/07/09 01:53 PM
It's Official --- President Obama signed the Homebuyers Tax Credit extension and expansion Two Ways to Qualify for the Tax Credit First-Time Homebuyers: First-time homebuyers (a person who has not owned a home for the last 3 years) may be eligible for the tax credit. The credit for first time home buyers is 10% of the purchase price of the home, with a maximum available credit of $8,000. Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount. Current Owners: The tax credit program now gives those who already own a residence … (0 comments)
todays marketplace: Need a Phoenix metro area MLS Search? - 08/05/09 04:32 PM
Our Arizona Real Estate search options: Looking for an Arizona real estate search vehicle? Search the MLS directly from our web page AZ-real-estate-sales.com - your comprehensive resource for buying or selling real estate in the greater Phoenix metro area. If you know the area and/or the specifics of what you are searching for, you can search by the traditional price range, # bedrooms, dwelling type etc. You also search by location / city. If you know more specific information, you can search by individual subdivision, MLS number or address by entering it to find the listing detail. If you do not live in the greater Phoenix metro … (0 comments)
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Even thought the temperature remain hot, the Fountain Hills Real Estate market has 'cooled' from July 5th to August 5th 2010.Residential closed sales have dropped from 520 to 473 (16%) and the properties currently in escrow (pending sale) were reduced from 413 to 348 (12%).The overall number of active listings has also been reduced from 2,914 to 2,896. The slower summer month activity should increase with the approaching fall and winter months just around the corner. There are some excellent opportunities for those Snowbirds that descend on the Valley of the Sun.
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