COVID-19 concerns created record numbers of unemployment claims. Millions of people lost their jobs or found themselves with severely decreased hours each week. This impacted their finances, making it difficult to keep up with their mortgage payments. Banks found a serious increase in requests fo
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06/17/2020
So far, 2020 has proven a bit difficult for most Americans. Even though home sales started off really well in January, COVID-19 concerns shuttered several businesses. This left many local residents jobless. Buying a Havasu home amid a nationwide shutdown wasn't necessarily at the top of many peo
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06/04/2020
Money probably hits at or near the top of your list when you think about buying a new home. But there's so much more to purchasing a property than that. Square footage. Amount of bedrooms/bathrooms. Garage size. Swimming pool. Neighborhood. Inventory may be low right now on the local real estate
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05/20/2020
We're starting to see a little light at the end of the Coronavirus tunnel right now. The governors of many states across the country, including Arizona, started laying out their plans to open up businesses and get people back to work in phases. They hope their tiered plan of opening up keeps COVI
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05/06/2020
Even during a pandemic, people still need homes. Just last month, 208 properties were sold in Lake Havasu City alone. But with social distancing orders in place here in Lake Havasu, REALTORS® no longer conduct open houses or offer in-house tours. Therefore, virtual tours and on-line photographs b
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04/15/2020
We are living in some unprecedented times right now. Who would have thought major cities like New York, San Francisco, Los Angeles, and Seattle would virtually shut down? With a global pandemic like COVID-19, businesses, organizations, and individuals must navigate a "new normal". The mayor asked
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04/01/2020
Low inventory partnered with low-interest rates makes this a very interesting time in the Havasu real estate market. Buyers want to take advantage of the historically low sub-4% rates. But low inventory levels help keep prices up ($279,500 median sale price for February 2020). When it comes to Ha
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03/18/2020
We appear to be on track for a fantastic first quarter in the Lake Havasu real estate market. According to the Lake Havasu Market Report for February 2020, sales were down slightly from last year but prices went up. Continued low inventory levels help push prices higher. Exactly how did the marke
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03/04/2020
Conventional. FHA. Fifteen-year. Thirty-year. Fixed-rate. Adjustable-rate. Who knew Havasu home buyers had so many options when it came to financing a mortgage? No matter which one you choose, unless you put down 20% or more, you end up paying PMI (private mortgage insurance). And can add a coupl
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02/19/2020
New year, new market? The Lake Havasu Market Report for January 2020 showed that sales definitely saw a huge uptick from the previous January. Sale prices hit their highest point ever. And inventory remains low but stayed pretty even from the close of last year. Read on to see how the market perf
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02/05/2020
