RECENT BLOG POSTS
With the recent return to much needed tighter lending standards, it is advantageous for today’s home buyer to be ‘preapproved’ not simply ‘pre-qualified’ for a mortgage before you begin your home search. With decreasing home values and the volume of foreclosures, lenders have tightened terms/cred...
11/11/2008
Statistical Summary of today's residential resale market in the Phoenix metropolitan area October MLS activity is still strong: both sales and pending sales are higher than at this time last year. The inventory continues to hover around the 55,000 range. Among active listings: 65% are normal, 17%...
11/09/2008
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The current Buyers Market conditions provide the perfect opportunity for the qualified first time home buyer to be able to get a foot hold in property ownership. The inventory is higher than ‘normal’, the interest rates remain low and sellers are willing to negotiate! Even though the lending sta...
11/09/2008
If you are thinking about buying or selling residential real estate in a specific state/metro area, a Personalized Real Estate Search web (Portal) site can easily be created for you. This is a web site that can be set up by a Realtor based upon your housing requirements/needs. Once the site has...
11/08/2008
Are you confused?? What exactly is the difference between a ‘short sale’, ‘foreclosure’ and ‘Real Estate Owned Property (REO)’? How do the banks/lenders handle each type of scenario? The process of buying a home from a bank is different than buying it from a private party -- it is slower, and...
11/06/2008
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The Office of Federal Housing Enterprise Oversight (OFHEO) is an excellent source of real estate consumer information. Here you can research Mortgage Basics, Mortgage and Housing Fraud, Foreclosure Avoidance, view the latest Housing Price Index across the US, research and compare many of the maj...
11/01/2008
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The 2008 real estate market has been a roller coaster as the challenging economic times have affected the country. A multitude of factors contributed to this pendulum swing - the hyper activity of buyers jumping in to the market; bad mortgage lending to borrowers at all levels eventually leading ...
10/29/2008
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Somehow each trip to the Grand Canyon is unique as the scenery seems to constantly change presenting a living art work that is breathtaking. Photos do not really do it justice. One must actually stand at the rim looking out or hike down into the canyon to experience the dimension of vastness. ...
10/27/2008
While the mid 80’s may sound hot to some, for us Arizonans it has been a welcome relief. It was a perfect day for attending the Frys.com open at the Grayhawk Golf Club here in Scottsdale. We were able to take in some great golfing by some well known golfers such as Davis Love 3, Billy Mayfair and...
10/24/2008
The Scottsdale Quarter is a new development of high-end retailers and restaurants scheduled to begin opening the first phase in mid-2009. This outdoor upscale shopping center will offer unique stores, restaurants and entertainment that will include first-time-in the-market venues that have not pr...
10/23/2008