RECENT BLOG POSTS
can eye catching news headlines like .... "New home sales plunge to lowest level in 16 1/2 years, prices drop by largest amount in 38 years" ever be positve news?? don't get me wrong this is not great news for Real Estate. In fact, here in Greater Phoenix and its familiar towns of Scottsdale, Par...
09/10/2008
According to the census bureau. , “The spending rate for residential (new homes ) construction projects dropped for the 25th consecutive month at the end of the first quarter and has fallen 34.4 percent from its peak in February 2006. Now, those of you who know me and have read my posts in the pa...
09/10/2008
There are reasons for buying resale and other good reasons to buy a new construction home Direct from a Builder; including,... A wide variety of communities, location, location, location, modern floor plans, an practically unlimited choices of features, colors, fixtures and finishing’s, lot selec...
09/10/2008
  Lenders love Phoenix, Arizona (lenders also love California and Nevada). All states that have some of the highest foreclosure rates in the country.... But why ?? .... Here is one important reason when it comes to Short Sale or Foreclosure that every buyer should know. The concept, simplified, i...
09/10/2008
  Leverage is the ability to borrow money with little down payment to buy something. It is what the majority of Home Buyers and real estate investors enjoy to buy real estate. In this case, we will use Real Estate as our example of why you must be careful. Leverage can be your best friend or can ...
09/10/2008
  For those of you who know me, and know how I like to hear myself talk , especially about Real Estate, you will understand that this quick blog is the is the biggest challenge I have faced in awhile in that I am going to let the headlines speak for themselves , you know, the picture is worth a 1...
09/10/2008
  one of the challenges facing real estate buyers , and thus, home sellers , is the difficulty for home buyer's to obtain loans. We are suffering in many of the towns of Maricopa County, North Phoenix, Peoria, and Glendale where we have been designated a 'declining area'' ; thus  tightening credi...
09/04/2008
  "New home sales plunge to lowest level in 16 1/2 years, prices drop by largest amount in 38 years Can that ever be positve news?? don't get me wrong this is not great news for Real Estate. In fact, here in Greater Phoenix and its familiar towns of Scottsdale, Paradise Valley, Fountain Hills, Te...
09/04/2008
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    10-day inspection with full cancellation provision refunding all buyer's earnest monies to seller, automatic loan contingency (unless removed in writing) fully refunding buyer's earnest money should buyers not obtain a loan without contingencies and a "3-day Cure" notice... which gives both p...
09/04/2008
Is it me, or did the RNC last night seem like a Bingo hall, while the DNC seemed like a Rock Concert? What do you think???                                    OR                                                
09/03/2008
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Jason Mitchell

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Mortgage and real estate news....on the lighter side