$124,900 MLS#5155965 4012 W PUGET AVE Phoenix, AZ 85051 3 Bedroom/2 Bath Single Family Home with NO HOA & North/South Exposure!.......1,422 sf........$87.83 sf........Newer Roof, Water Heater, Windows, AC + AC Ducts! Great family home or seasonal retreat at Discounted price (lowest in subdivision for quick sale)! NO HOA! Open Floor Plan, Block Construction Home with Continue Reading
Archives for August 2014
Millennials Keep Current on Mortgage More Than Other Ages
Mortgage borrowers under the age of 30 have the lowest mortgage delinquency rate of any other age group, according to a newly released TransUnion mortgage report. However, the age group also makes up the smallest share of all mortgage accounts at 4.16 percent, TransUnion notes. Is Mortgage Activity Improving? More Focusing on Paying Down Mortgage Foreclosures Drop to Lowest Level Since the Continue Reading
Breaking News…HomePath Programs being Terminated
Fannie Mae (FNMA) has announced the termination of the HomePath and HomePath Renovation programs effective with purchase contracts dated after October 6, 2014. On October 7, 2014, FNMA properties will no longer be listed as eligible for HomePath financing. HomePath and HomePath Renovation loans originated prior to October 7, 2014 can still be sold to FNMA providing the: Purchase Contract was Continue Reading
New-Home Sizes Show Signs of Leveling Off
Following two years of increasing home sizes, the median size of new-homes appears to be leveling off as entry-level buyers return to the market drawn to more modest homes, The Wall Street Journal reports. The median size of homes that builders started construction on in the second quarter was 2,478 square feet, holding the same as the previous quarter. It remains near the record high of 2,491 Continue Reading
Down Payments for Lower-Priced Homes Double
Buyers looking at lower-priced homes are not only facing major inventory hurdles, they’re also finding that they have to bring more money to the closing table. The median down payment for the cheapest 25 percent of homes was 7.5 percent of the sales price last year, up from a low of 3.1 percent in 2006. That also compares to an average of 4.2 percent from 2001 through 2007, according to Continue Reading
Weekend entertainment at the Olive Mill
AUGUST 15, 2014 Live Music at the Mill - Marty Koppes TIME: 5:30 PM AUGUST 16, 2014 Complimentary Wine Tasting TIME: 11:00 AM Live Music @ the Mill- Soundscape TIME: 5:30 PM Continue Reading
Drop in Refi Applications Softens Loan Demand
Mortgage applications slipped in the latest week, despite mortgage rates continuing to hold near yearly lows and keeping borrowing costs down. Recent Coverage of MBA Reports Refi Applications Boost Loan Demand Loan Demand Slips on Drop in Refi Applications Refis Drive Rise in Mortgage Applications in Latest Week A mini boom in refinance applications last week, with a 3.8 percent jump in Continue Reading
8.56 AC Parcel Sells for $2.2M in First Chandler Business Park
CHANDLER, AZ – An 8.56 acre commercial parcel at the SEC of Germann and Stearman Roads in First Chandler Business Park sold for $2.221 million ($5.95 PSF). The fully-improved parcel is located within First Chandler Business Park and will be the future home of Crown Castle, a wireless infrastructure provider. Plans call for the construction of a 70,000-square-foot built-to-suit office building. LGE Continue Reading
FICO Scoring Changes May Help More Qualify for Mortgages
FICO, the nation’s most popular credit-scoring system, announced it is tweaking some of the criteria used in coming up with consumers’ scores, which could help consumers save more money in qualifying for mortgages and other types of loans. FICO recently told lenders their high credit score "cutoffs" were stricter than necessary, and urged lenders to consider lowering minimum score Continue Reading
Growing signs of Real Estate Slowdown, May be Good for Investors
The Wall Street Journal is reporting there are growing signs of a slowdown in the U.S. real-estate market. While the current weakness could provide investors with an opportunity to place new wagers at lower prices, analysts warn that the environment has become more challenging. The real estate market stormed back over the past five years after enduring its most brutal period since the Great Continue Reading
