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Gary Peruzzini

VA Financing and New Home Builders

A survey of 188 home building executives last month turned up a very interesting, and disturbing, finding.  More builders are shying away from selling homes to Vets because VA appraisers have become so conservative that the homes rarely close.  In addition, the low appraisals impact the value of future community sales, costing the builders significant [...]

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Phoenix Real Estate – Year in Review 2011

STAT 2011 Year in Review.This report focuses on the state of the Valley’s recovery over the last twelve months, placing the gains and losses over the year in perspective. Overall, the tale is positive SALES Sales rebounded in 2011 enthusiastically, topping out at 101,436, the second highest total sales of the decade. It was surpassed [...]

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December Sales Highest Level Past 12 Months

As of December 2011, the median home sale price again increased, the number of foreclosures and listings declined, and monthly sales reached a near record pace in metro Phoenix. The median price of a metro Phoenix home rose to $117,000 in December, its highest level since November 2010 and the first December since 2005 that [...]

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New Limits on HOA Document Fees

Because Home Owners Associations have in the past been caught by dues deficiencies due to vacancies and foreclosures. They have been forced into attempting to recover fees and adjusting fees upwards to make up for it. As usual abuse occurs so it is then time for legislation to institute new rules and laws. These changes [...]

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FHA Flip Guideline Changes

Last week the guidelines for FHA flips were revised.  With that update came numerous questions about the flip guidelines for Conventional loans.  First of all – lets  address a question on flip properties Q: What date do you use to determine if a property is a flip or not?  The date the Deed was recorded [...]

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Be an Investor ….. Not a Gambler

The term investor is most often misused when it comes to real estate. The apparent opportunity is often under calculated and the gain is undefined. This is not investing it’ called gambling. Many investors are unprepared, undercapitalized, and overwhelmed, all of which represent a recipe for failure.  By adhering to a few key rules, success [...]

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Canadians Find Phoenix Perfect Winter Retreat

This article below was featured in the Calgary Sun Friday March 25th 2011. Myke was provided an ARMLS PPI index and a few other STAT charts to work with. We had a brief conversation and he chose to focus on the value and market timing displayed in those charts. As winter drags on in Calgary, [...]

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Freddie Mac Early Detection – Plan for 2011

The nation’s second largest mortgage company says early workouts are planned. This “early detection” process may be key to getting in front of delinquencies. Graphic John Pluta Detection before the foreclosures,  Freddie Mac says it’s making changes to the way it evaluates the performance of mortgage servicers in order to ensure problem loans are tackled [...]

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