wwwazpremierpropertiesnet: Article on AZ Central today. Fixed rates rose this week to 4.60
- 07/07/11 07:02 AM
WASHINGTON - Fixed mortgage rates rose this week by the most in four months. The average rate on the 30-year loan increased to 4.60 percent, up from 4.51 percent a week ago, Freddie Mac said Thursday. It hit its lowest level of the year three weeks ago, at 4.49 percent. The average rate on the 15-year fixed mortgage, a popular refinancing option, rose to 3.75 percent. It reached its low point of the year two weeks ago, at 3.67 percent.
Rates typically track the yield on the 10-year Treasury note, which has been rising. And mortgage rates could rise further … (0 comments)
wwwazpremierpropertiesnet: Housing Market in Phoenix update.
- 06/28/11 08:48 AM
If you have been thinking about buying a new home or upgrading to something larger, now is the time to make a move. With home prices steadying out and people continuing to buy, what was once an abundance of homes available has now been widdeled down to just a few months of inventory on the market. In many cases, multiple offers are being submitted for the same property, and the property is not available for long. On Saturday, June 25 we sat an open house and had many people through the house, which resulted in multiple offers and an agreed upon … (0 comments)
wwwazpremierpropertiesnet: Article on AZcentral today about house prices going up.
- 06/28/11 08:12 AM
WASHINGTON - Home prices in major U.S. cities have risen for the first time in eight months, boosted by an annual flurry of spring buyers. The Standard & Poor's/Case-Shiller home-price index reported Tuesday that prices rose in 13 of the 20 cities tracked. Washington, D.C., saw the biggest price increases, followed by San Francisco, Atlanta and Seattle. Still, six metro areas are at their lowest levels in the nearly four years. Those markets are: Charlotte, Chicago, Detroit, Las Vegas, Miami and Tampa. Last month, home prices in big metro areas sunk to their lowest since 2002. Since the bubble burst … (0 comments)
wwwazpremierpropertiesnet: Open house Wednesday the 29th.
- 06/27/11 08:16 AM
If you are going to be in Goodyear area Wednesday please stop by our open house located at 15673 W Mackenzie Dr from 4 to 7. This home is 3 bedroom 2 bath split floor plan 1863 sq ft. Price is 148,950. … (0 comments)
An apparent breakdown in the basic economic law of supply and demand has shaken Phoenix-area real-estate agents' confidence in the local housing market, according to a report issued Thursday. Despite several consecutive months of increasing buyer demand for housing, the median price of homes hasn't budged, said Bob Bemis, chief executive of the Arizona Regional Multiple Listing Service. Similar to the Consumer Confidence index, the listing service's subscriber index gauges the confidence level of real-estate agents who have represented a buyer or seller in at least one home sale in the past 12 … (0 comments)
wwwazpremierpropertiesnet: Article from Azcentral today regarding cash buyers.
- 06/23/11 12:50 PM
Cash buyers are snapping up homes in markets nationwide, betting that deals won't get much better. Last month, all-cash buyers accounted for 30% of existing home sales, up from 25% in May 2010, and 12% two years ago, says the National Association of Realtors. Cash buyers, who are mostly investors, accounted for at least 30% of existing-home sales for the fifth-straight month, the association says. They hit 35% of buyers in March. The cash buyers are enticed by low prices and potential rental income, economists say. But while their activity has helped curb price drops, price increases have yet to follow. … (3 comments)
WASHINGTON - Fixed mortgage rates rose this week by the most in four months.
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