There’s good news and not so good news. The number of millionaires in the US continues to grow (that’s good), but the rate of growth has substantially slowed (that’s not so good!). According to Chicago-based Spectrem Group, the number ...
[Read More] With the mortgage debacle which has gone on over recent months, there is an attempt again being make by legislators to license mortgage originators and loan officers in Arizona. The current bill would require mortgage originators to take a test, take continuing ...
[Read More] The news is out! Finally home sales are up after months of decline. The news says "unexpectedly?" Why "unexpectedly"? Those of us who are in the business have been well aware that the key to getting a home sold in this market has been ...
[Read More] This week it was announced that Maricopa County added more people than any other county in the United States. We have slowed down compared to past years but are still growing. We now have a population of almost 4 million people. This means that people ...
[Read More] Now is a great time to buy a home, say the financial gurus at the Wall Street Journal. The Journal calls it a buyers market and offers these suggestions for first-timers getting their feet wet. While their advice is solid, it’s not revolutionary, ...
[Read More] <a href=" http://technorati.com/claim/28gr4yd2um " rel="me">Technorati Profile</a> If you are a Buyer, there is a large inventory of homes at very realistic prices. If you are a Seller, homes are still selling as long as ...
[Read More] This week, I did some BPO's (Broker Price Opinion) for some lenders. They hire Brokers such as myself to go to a property ,which the lender owns or will probably soon own,to provide them with an independent third party opinion of the value of the property. ...
[Read More] There is always an upside as well as downside in any market. If you are a first time homebuyer or investor, there are good buys, if you would like to spend $200,000 or less. It was not long ago, that it was difficult to find any home in that price range. ...
[Read More] As prices are coming down from the boom period, one result has been for Lenders to label Phoenix Metro as a declining real estate market. What does that mean to you? One challenge is that Lenders are now funding less of a loan because they are worried ...
[Read More] As Days on Market for selling a home increases, should a seller consider the option of renting out the home and wait to try to sell it later? There are Pros and Cons: First the Pros For Renting: 1. Cash Flow - rent can provide assistance in paying the ...
[Read More] There was an encouraging sign last week as there was a 12% jump in mortgage applications. Perhaps, buyers have decided to start taking advantage of the "Buyer's" Market - lots of inventory, good prices and low mortgage rates. Why wait? Nowis ...
[Read More] Based on the latest statistics of 2008, if you are selling your home you should plan in the Scottsdale, North Scottsdale areas for an average of 200 days on market. One reason for this is the increasing number of homes for sale inventory as versus the ...
[Read More] Our market has been undergoing a correction from the inflated prices of 2005. We have seen prices drop, mortgage rates have remained low and there is significant inventory of homes on the market. if you are in the market for a home. what are you waiting ...
[Read More] Zillow.com has just released the results of a survey which either indicates that homeowners do not follow the news or are in denial. According to their survey, 77% of homeowners around the country believe the value of their home has increased or remained ...
[Read More] This was the header in the Scottsdale Republic on Feb. 13th. What does it mean? To me it means that Buyers have a perception that prices are still "high" and Sellers are ":sticking to their guns" by keeping their prices up. Sounds like ...
[Read More] If you have the time and interest read this rather lengthy survey regarding affordability in housing on an international level http://www.demographia.com/dhi.pdf
[Read More] Finally Legislation has been introduced to start correcting the problems which have occurred as a result of mortgage lenders. 5 bills have been introduced. One would provide more funds for investigations and one, I really like, would require mortgage brokers ...
[Read More] Sellers know that the market is not "Hot" like it was a couple of years ago. So are you thinking of selling? What do you do to get the most money for your home now. I would suggest that first and foremost you price your home accurately. Overpriced ...
[Read More] I believe real estate challenges are neighborhood oriented. Therefore, what may be true in one part of the Valley is different than another. What is true everywhere is that we are currently experiencing challenges whether for the home seller or home buyer. ...
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When/Where: Phoenix, February 16, 2008 - 9 to noon
[Read More] Here are some of the latest statistics regarding real estate in the Phoenix Metro real estate market.
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