People looking for family-size houses to rent in Phoenix-area neighborhoods have far fewer choices. Since September, the number of available rental homes in metropolitan Phoenix has dropped by 40 percent, and probably even more than that when it comes to three- to four-bedroom homes in desirable neighborhoods.The sharp drop is another ripple effect of the foreclosure crisis.At first, foreclosures Continue Reading
Archives for May 2010
Keys To Qualify For A Home Purchase Loan: What You Need In The Current Market
With home prices having decreased significantly, and the lowest interest rates in a generation, home affordability has dramatically increased. As a result we have seen a tremendous increase in the amount of new buyers ready to purchase a home now. However, the main question that many of them have is what do I need, in order to be able to purchase a home in the current market? This answer will vary Continue Reading
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Call us today for more information or to schedule a FREE appointment!480-889-1424 Continue Reading
How Your Credit Score Is Affected By Short Sales & Foreclosures
Missing mortgage payments will hurt your credit score, that is a given. However, as the number of short sales and foreclosures has increased over the past few years, the question has been just how much missing payments on your mortgage affects your credit score. In a recent report from Fair Isaac, the company that developed FICO scores, estimates were revealed for some of the point score Continue Reading
Rebound Forecast in Valley Housing Market this Year
The Valley's new-home market is on its way to recovery, according to a University of Arizona forecast.The UA Economic and Business Research Center report predicts that new-home permits in metro Phoenix this year will jump 54 percent from last year to 13,320. Then, permits will more than double to 28,060 next year.That is still a long way from the Valley's peak building years of 2004-05 when close Continue Reading
