new build: Mortgage Market Watch Oct.
- 10/26/15 04:13 AM
The Economy: Unemployment claims were up slightly but still remain low. The strong labor market could persuade Feds to increase the policy rates this year. Housing News: Home renovations are up from last year. The best year for home renovations was 2005 and the market is up 2.8% from that year. Renovating is popular right now because of lower inventory. Academy Mortgage Mesa has a couple of different options on home improvement loans. Building permits dropped slightly but new housing starts were up 6.5% in September. The increase in new home construction will help alleviate the lower inventory. Builders are at a higher confidence level about the current (0 comments)
new build: Builders looking to move inventory
- 10/09/15 08:29 AM
As the year ends numerous builders in the Phoenix Metro Area are looking to move their inventory. Even though there is still enough resale inventory and home prices are reasonable, deals on new builds can be found. Builders like other companies want to meet end of the year sales goals and are willing to offer substantial discounts or upgrades. Do not expect to get "close out" discounts but do ask about any special incentives. Builders with a larger move in ready inventory might have unique upgrades and features that apply to a lower number of people. For example adding in swimming pools, keeping the (3 comments)