Housing is Cyclical-Phoenix Statistics

ShareTweet How is the Recovery going? To get back to 2005 prices, we would need to go up 60% from today. Sellers Market We have been in a Sellers Market, not nearly as strong as it was three months ago. The market has cooled dramatically, due to a combination of facts and emotion. If the […]

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Foreclosure and Short Sale FHA Loan Qualify

ShareTweet I knew that before too long the Fed would come up with a way to finance those that lost their home to foreclosure or short sale given they cleaned up their act. The program is called “Back to Work” The Federal Housing Administration has issued guidance for its new “Back to Work” program that […]

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Cut your energy bill?

ShareTweet Here are a few surprising and simple ways Put lamps in the corners: Did you know you can switch to a lower wattage bulb in a lamp or lower its dimmer switch and not lose a noticeable amount of light? It’s all about placement. When a lamp is placed in a corner, the light […]

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April Home Sale Statistics

ShareTweet If you were paying attention to the Phoenix Real Estate market over the last 3-4 years you would have observed that 80% of the sales were from distressed property. Below is the most recent chart. The distressed sales percentage of total sales fell again for the fourth month in a row, and for the […]

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Energy efficient remodels and additions.

ShareTweet 1. Check for water intrusion, condensation, and excess moisture before you begin the project. Fixing those issues during remodeling can improve your home’s in door air quality (excess moisture encourages mold). 2. Use the least amount of framing  allowed by your building code when adding walls. Not only will you have to pay for […]

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4 Minute Housing Summary

ShareTweet 1. Investors: They won’t sell while home prices are going up. Entry-level buyers: 30% of buyers are entry-level which is a typical number, but you would think the percentage would be higher given the recovery and the number of homeowners with no equity. 2. Gen-Y Homeownership: We ballpark that they will achieve 5% lower […]

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HARP 2.0 IS A VIABLE ALTERNATIVE

ShareTweet Fannie Mae and Freddie Mac created refinance programs that just about anyone can qualify for through their existing lender (when you call your existing mortgage servicer, they will tell you if FNMA or FHLMC holds your loan).  These programs will reduce the monthly expense (owning is cheaper than renting), in many cases avoid the […]

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Dave Liniger housing predictions for 2013

ShareTweet Dave is the cofounder of RE/MAX and his market predictions have been accurate at a rate of 85% historically, these seem pretty obvious to me! Liniger’s Top 10 Real Estate Predictions for 2013 1. With more pent up demand, more homebuyers and sellers are expected to enter the market. 2. Homes sales will rise […]

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