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
New-home permits up in metro Phoenix, but sales falter
Homebuilding in metro Phoenix ticked up slightly in April, but it's not likely a sign of a long-anticipated market rebound because new-home sales fell. Last month, 1,087 permits to build new houses were issued in the Valley, compared with 996 in March, according to analyst firm RL Brown Reports. New-home sales dipped to 730 in April from 856 in March. The median price of a new house Continue Reading
Are Buyers Too Afraid of Mortgage Rejection?
DAILY REAL ESTATE NEWS | MONDAY, APRIL 28, 2014 Fifty-six percent of all potential home buyers—those who want to buy a home within the next 24 months—say they’re waiting to purchase because they fear being rejected by lenders. What’s more, 30 percent of current home owners say they don’t think they could qualify for another loan, according to a national consumer survey of more than 1,000 Continue Reading
***Sneak Peek****coming this weekend Fabulous Custom Seville home!
Welcome to the County Club setting of Seville. This fabulous custom home offers its own resort lifestyle with a swim up bar, covered sunken BBQ and cooking area overlooking the pool, covered spa area, large grass play area, double gates, room for expansion and separate garage if desired, amazing mountain views and two separate large covered patio areas. Inside you will find side by side Sub Zero Continue Reading
Has the Phoenix housing market finally balanced out?
2014 could provide the answer When it comes to home prices, supply and demand, the pendulum has been swinging from one extreme to the other in Phoenix since the housing boom of a decade ago. The metro Phoenix housing market went from a pre-recession sellers’ market to a buyers’ market amid the foreclosure crisis. Then it went back in the sellers’ favor again these past two years when Continue Reading
4 Deal-Killing Mistakes Buyers Make
1. They Don’t Consider the Details. You want your clients to toast the memory of you handing them the keys to their home, not rue the day they closed. To keep them from regretting the biggest purchase of their lives, you need to help them think through the details of what they want before you even start looking at properties. So, ask them questions like: Who do they picture living in the house in Continue Reading
Phoenix-area housing market tilts in favor of buyers
By Catherine Reagor The Republic | azcentral.com Sat Jan 25, 2014 11:52 PM The number of houses for sale in metro Phoenix has climbed almost 40 percent in the past year. With many more properties from which to choose, the market is tilting away from sellers toward people looking to buy. The entire region can’t yet be called a buyer’s market, but certain areas, including the northwest Continue Reading
Great Home for Sale in Gilbert, Arizona
$266,000 4 Bedrooms/2.5 Baths + Loft + Den/Office + Master Bedroom Sitting Room 2,543sf Price/SqFt: $104.60 Year Built: 2004 MLS#5054292 4357 E WINDSOR CT Gilbert, AZ 85296 Corner Lot, North/South Facing Lot, South facing Backyard Beautiful home on desired corner lot with North/South exposure (south facing backyard perfect for winter visitors)! This home has been upgraded by Continue Reading
$7500 FREE!!!!!
What would you do if you saw this headline? You'd probably be thinking, if it sounds too good to be true it probably is, right? Well in this case it almost is too good to be true, but not quite. The housing legislation signed into law in late July by the President has another little benefit hidden in there. The bill includes a tax refund for first-time home buyers worth up to 10% of a home's Continue Reading
Margaritaville and Real Estate
Selling my home now To me its a sacred cow Want so much no one's looking at mine It's a real beauty A Tuscany cutey Can't figure out why it's still hasn't sold It's wasting away again in inventory-ville Waiting for that buyer to come by my home Some people claim that the lenders are to blame But I know....it could be REALTORS fault.... Recently nationally known real estate trainer, Continue Reading
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