Posts by author:

Gary Peruzzini

Phoenix Metro Real Estate Sales Report

ShareTweet Here’s a quick summary of the October 18th report. This report reflects sales activity for September 2016. Summary of October 18, 2016 Report: *Monthly sold units (7,328 for September) up 5.7% year over year *New inventory (9,612 for September) up 4.0% year over  year *Total inventory (24,087 for September) up 3.3% year over year […]

Read the full article →

Homeownership No Longer Has Tax Savings

ShareTweet We believe we have found one of the primary reasons why entry-level home buying has not recovered—and why homeownership has been plunging. For decades, homeowners benefitted from both the financial and psychological benefits of paying less taxes. Homeownership came with income tax savings because mortgage interest plus property taxes easily exceeded the standard deduction […]

Read the full article →

May Home Sales Phoenix Metro Area

ShareTweet May 2015 saw a 41% jump in new home permit activity from May 2014 while new home closings showed a 10% jump from last May and resale housing increased by 10.48% from the same month last year. Great news indeed! The year-to-date numbers in total were also encouraging, with new home closings up 5.8% […]

Read the full article →

April Home Sales Phoenix Metro Area

ShareTweet When measured against the same month last year new-home permits were up over 35%, new home closings saw a 12.3% increase, and existing home activity was up 10.6% over the same month last year. When measured against new-home closings for March, April fell slightly shorter. NEW HOME CLOSINGS April 2015 Sales for Month – […]

Read the full article →

Get kids to pitch in and help save energy?

ShareTweet Kids have more important things to think about than turning off the lights. But discovering the lights blazing in an empty room for the umpteenth time is enough to make any parent scream, especially when the power bill arrives. The good news is, you can train your kids about the importance of saving energy right […]

Read the full article →

2013 Housing | Phoenix Metro Market Area

ShareTweet Overall home sales in the region, including both new and existing homes, totaled 101,456 units in 2013. This compared to a 2012 total home sales of 102,837 units, with an aggregate decline of 1381 home sales and 1.34% overall in 2013, representing an essentially flat total home sales market for 2013 in the Metropolitan […]

Read the full article →

FHA Announces 2014 Loan Limits

ShareTweet On December 6th 2013 FHA announced that on January 1, 2014 they will implement new Single Family Loan limits for Title II Forward Mortgages. As a result, the calculation of FHA’s maximum loan limits in high cost metropolitan areas of the country will be reduced and the current high “ceiling” of $729,750 will be […]

Read the full article →

New Home Construction Update

ShareTweet ~October permits rebound. For the third month in a row new-home permits are up over the same month last year, this month  by 19.75%, with 1073 new home permits issued in the Metropolitan Phoenix area in October. This suggests that homebuilders have regained a level of confidence in the near term market opportunity in […]

Related Posts with Thumbnails
Read the full article →