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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
New-Home Sales Surge Nearly 19%
After a sluggish start to 2014, new-home sales posted a strong rebound in May. Sales of newly built single-family homes soared to the highest rate since May 2008, jumping 18.6 percent last month, according to data released Tuesday by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The Good News Has Been Building Builders Feeling Better This Month No. 1 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
5 Most Expensive Neighborhoods in Metro Phoenix
Because you never know when you might buy the winning lotto ticket or strike oil in your own backyard, Jackalope Ranch has put together a list of the five most expensive neighborhoods in metro Phoenix. To assemble this list of costly communities, they looked at neighborhoods with the highest average price of listed homes. Not surprisingly, the majority of high-dollar homes resided in the Continue Reading
Should You DIY or Pay The Expert?
When you watch home improvement shows, the professionals make it look so easy to tear out a wall, replace a roof, or set new tile in the bath. Yes, you save a lot of money when you do-it-yourself (DIY), but in some situations, you're better off paying the expert (PTE). According to Angie Hicks, founder of Angie's List, some jobs aren't as simple or as safe to do as they look. In a recent 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
Mortgage Related Tax Deductions
As we approach tax day 2014, most homeowners who have taken out a mortgage probably already know of the tax advantage provided by deducting your mortgage interest payments. However, many homeowners overlook another tax break available for points paid to get a home loan. In some cases, points also could shave tax bills for folks who refinanced or got an equity loan or line of credit. As Continue Reading
Arizona Market Snaphot
Here is a market snaphot for the Phoenix, Arizona area. Let us know if you have any questions or would like to schedule a FREE consultation. 480-240-9724 ext. 1 Continue Reading
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