Gina McKinley's Real Estate Blog

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Real Estate Agent - RE/MAX Fine Properties

ARCHIVED BLOG POSTS

2008 

It's common knowledge that vacant homes are prime targets for burglars and vandals. Now a company has developed an inexpensive way to give off the appearance that there are people living in the home-or at least watching TV there.Eden Prairie, Minn-based Opto-Electronic Design says "FakeTV" is a b...
07/25/2008
The Phoenix metro area's strong seller market from 2005 has gone to a complete reversal in 2008. The large amount of supply has created a buyer's market with record inventory levels. Prices have declined approximately 14% year over year. I anticipate 2008 to continue as a year for correction, wit...
07/23/2008
Tempe seems to be following it's own trend, and not what the rest of the valley is doing.  Current inventory has increased again this month and is at 999 home. The Phoenix metro area and the other east valley cities have seen their current inventory decrease over the last several months.  Even wi...
07/23/2008
Gilbert has seen a slow down in the housing market and sales prices decline over the last several months. There has been stiff competition from builders which is hurting the resale market as well as many foreclosures.  Several builders have recently gone into foreclosure as well, leaving Gilbert ...
07/23/2008
Chandler has continued to see a downward trend in home prices since the latter half of 2006. 2007 finished the year off with a depreciation rate of about 12% and the first decline in homes in over 15 years.  June Residential HighlightsClosed sales are continuing to increase and June saw 358 homes...
07/23/2008
Mesa is following the valley's trend of a buyer's market. Current inventory has continued to see a slight decrease month over month and the current inventory is now at over 4,100 active listings. Median prices are down slightly from $243,500 to $235,000 while the average sold price for June was $...
07/23/2008
A year ago federal officials looked at Fannie Mae and Freddie Mac and declared that all was well. The two government-sponsored enterprises (GSEs) largely held conventional loans, though they were about to acquire subprime mortgages. "Although their $40 billion-plus planned commitment to subprime ...
07/18/2008
The following is guide to help prevent Identity Theft. It provides some critical information to limit the damage in case this happens to you or someone you know: 1. Do not sign the back of your credit cards. Instead, put 'PHOTO ID REQUIRED.' 2. When you are writing checks to pay on your credit ca...
07/18/2008
The U.S. Senate passed a bipartisan mortgage rescue bill on Friday that allows the Federal Housing Administration to refinance troubled mortgages - even those that are under water - as long as banks agree to take a loss.The program would allow the FHA to help as many as 400,000 homeowners. Now th...
07/18/2008
Debra Ludlow had lived in the Tradition East neighborhood for 15 years but didn't really know all of her neighbors. But things began to change last year when some of her neighbors began to band together to improve things in the community near Chandler Boulevard and Cooper Road. The group applied ...
07/10/2008
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Gina McKinley

ABR, CIAS, CDPE, CRS, SFR -Chandler, Gilbert, Mesa
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