Home & Real Estate
Greater Phoenix Rental Market Showing Strength
I was in a workshop with Cromford Report guru Mike Orr a couple days ago. He mentioned ARMLS data shows strength in the Greater Phoenix rental market. Specifically, he said the active rental listings during 2009 hovered between 8000 & 9500 rental listings. Today’s ARMLS numbers for all types of rentals popped up at 6339. Mind you, [...]
Continue reading...What You Need to Know about Home Equity Loans
23 November 2009 – 6:45 am PST
Comments Off
Many home owners want to pull some equity out of their home (if they were lucky enough to buy before the real estate boom then bust) and use the proceeds to pay off debt or use as a nest egg. Â
Continue reading...Are Home Values Stabilizing? Well Sort Of.
11 November 2009 – 6:30 am PST
Comments Off
Zillow Real Estate (www.zillow.com) reports that Americans with negative equity in their single-family homes fell to 21% in the third quarter which is 2 percentage points better than the second quarter at 23%. The bad news is that some of that improvement is because more homeowners were forced into foreclosure so the homes were taken [...]
Continue reading...First Time Home Buyers: Is Time Running Out?
30 September 2009 – 9:30 am PST
Comments Off
The stimulus tax credit of $8,000 for first time home buyers expires on November 30, 2009. That means your new house has to be signed, sealed, and delivered by the last day of November if you expect to qualify for the federal tax credit. Is it possible to buy a house, have it inspected, appraised, [...]
Continue reading...State Mandated Foreclosure Mediation Programs Fail to Help Homeowners
29 September 2009 – 4:18 am PST
Comments Off
The National Consumer Law Center (NCLC) reviewed 25 programs in 14 states and found no evidence the programs are helping homeowners modify their mortgage loans.  The programs are self policed by the financing institutions and impose no obligations for them to act. While it may sound like a lifesaver thrown out to homeowners, in reality [...]
Continue reading...Mortgage Rates Down – Home Sales Up: So What Does This Mean For You?
27 August 2009 – 2:01 pm PST
Comments Off
Zillow Mortgage Marketplace which compiles data on mortgage rates announced that mortgage rates are down.  Standard & Poor revealed that home prices are on the upswing for the second quarter in a row. So what does this mean for you?
Continue reading...
9 April 2010 – 2:15 pm PST
Comments Off