David E. Smith's Blog

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Real Estate Agent - Russ Lyon | Sotheby's International Realty
RECENT BLOG POSTS
Many homeowners long to hear the magic words, "your home equity loan is approved." But for most, this type of loan, which allows a homeowner to borrow against the equity in the home, is hard to get. The typical barriers are lack of equity, impaired credit and inadequate income to support additio...
03/12/2011
Bank of America is facing new litigation from investors who want the nation's largest bank to buy back the mortgages backing their bonds. The legal dispute stems from loans made by BofA's Countrywide Financial unit that allegedly violate the representations and warranties clause of the mortgage-b...
02/24/2011
FROM ARMLS:Yesterday, two writers from the  Associated Press put out a story that said that 70% of the homes in Phoenix are at risk of foreclosures. By the end of the day the story had gone viral on the Internet and was picked up by multiple large media, including the Wall Street Journal.  Of cou...
02/24/2011
Stocks climbed to 2½-year closing highs after Egyptian President Hosni Mubarak stepped down. The Dow Jones Industrial Average rose 43.97 points, or 0.4%, to 12273.26, its highest close since June 13, 2008, and the second consecutive week of gains. The measure rose 1.5% this week and posted its st...
02/12/2011
Back in 2008, when the housing market was in even deeper trouble than it is in now, Congress passed the Housing and Economic Recovery Act to help move a glut of homes off the market. One of the key provisions was a tax credit for first-time homebuyers. That provision would be extended (twice) - a...
02/12/2011
You might call it, "Walking away from your home, for dummies." Brent White, the University of Arizona law professor who's made a name for himself by urging more underwater homeowners to consider walking away from their homes, has published a 168-page book to help borrowers who are wrestling with ...
02/12/2011
The Obama administration's proposals this morning to extricate the government from mortgage lending sounded the death knell for Freddie Mac and Fannie Mae. They weren't good news for homebuyers, either. In the proposals were changes that will mean more expensive mortgages, with higher fees and, p...
02/12/2011
  More good news for the Paradise Valley market ZIP Code 85253 2/1/11 1/1/11     Sales Per Year 332 327 UP Days on Market - Active 284 294 DOWN Days Inventory 423 426 DOWN Pending Listings  $/SF $311 $305 UP Monthly Sales  $/SF $295 $269 UP Appreciation  $/SF 10% - 10% UP Annual Growth in Sales p...
02/09/2011
02/07/2011
02/07/2011
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David E. Smith

Luxury Home Specialist
local_phone(480) 287-5200
smartphone(602) 617-7831
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