Phil DePasquale's (sedonarrealtor) Blog

Fully rented - annually leased units @ $700 per month. Well maintained property, 1/2 acre,  on propane, septic and well. Built in 1998. Each unit has attached garage with additional parking.  Located off Cornville Rd. across from the Dollar Store.  3 Units @ approx. 964 s.f. each.    

Mortgage Interest Rates Dropping After Weeks of Increases According to a report just released by Zillow, the weekly average interest rates borrowers were quoted for 30-year and 15- year fixed rate mortgages decreased last week, from the weeks prior.  This information was compiled by Zillow Mortga...

CREEKSIDE Home on 2.34 acres. Centrally located in Cornville/Page Springs between Sedona and Cottonwood (10 minutes either way) this creekside retreat is off the beaten path yet close to everything. Complete privacy, endless days and evenings listening to Oak Creek from the home or from one of tw...

In a report for ˜housing starts' released by the Commerce Department on Tuesday, numbers showed that new construction of residential property hit a record low last month, indicating that a housing recovery might not be in the works as some economists were hoping. Housing starts, which are the act...

The ˜Making Home Affordable' program was launched by the government back in March with a $50 billion budget to help struggling homeowners save their homes. Last week the Obama administration expanded the program, announcing new initiatives which, it is hoped, would aid homeowners in preventing a ...

In news released yesterday, the Federal Reserve has approved the repayment of funds received from the Troubled Asset Relief Program (TARP) by some of the big banks beginning as early as June. Several of the country's 19 largest banks, who recently participated in the government's recent stress te...

The recent set of economic conditions has affected the Sedona market but not as strongly as what you read in the news about the national market as a whole.  There are some opportunities for purchasing short sales as well as REO (bank owned properties) in Sedona and most areas of the VerdeValley. ...

It appears that one state is finally going to officially ban some felons that are still currently originating/selling mortgages in Florida. Beginning next year, former bank robbers, felons, and those individuals indicted for mortgage fraud will no longer be able to sell mortgages in the state of ...

Finally, there are a few mortgage lenders offering FMNA financing for up to 10 properties with Conforming interest rates.  FNMA (Fannie Mae) opened up a new program that allows investors to have up to 10 properties with mortgage financing existent (or to be existent) on their credit report for t...

Yes, that is right.  Some investors are allowing 97 percent financing again for the purpose of purchasing a home and for rate and term refinances. For the purpose of purchasing, the Seller can once again contribute the 3% down-payment, and in some cases can contribute up to 6% of the purchase pri...