Phoenix Real Estate Blog

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Real Estate Agent - Sterling Fine Properties - AZDRE# BR553129000
Knowledge is power. In that spirit, the MyPhoenixMLS Phoenix Real Estate Blog covers everything that's Phoenix-area real estate, with the goal of helping buyers and sellers navigate the market.
RECENT BLOG POSTS
It used to be that if you had extra money left over at the end of the month after all the bills were paid, it was a good idea to send that extra to the mortgage company. When interest rates were at 8 or 9% paying off a mortgage early made sense. But today, with interest rates at 5%, that old conv...
03/31/2010
News headlines recently have wondered whether housing market really have firm footholds in recovery. Only time will tell for sure, but markets across the country, including the Phoenix real estate market, continue to show signs of increasing strength. According to the widely used S&P/Case-Shiller...
03/29/2010
Last week Bank of America announced a “pilot” program to reduce the principal balance on qualified mortgage holders (at the most only about 4% of all B of A homeowners in default). Two days later, the Obama Administration announced yet another change to the Home Affordable Modification Program. N...
03/29/2010
Thinking about moving up in Scottsdale? Think about these questions: 1. Do you have enough equity to finance a down payment on a new home? Most conventional lenders look for at least 10% down. FHA will guarantee loans with 5% down. 2. Can you afford a bigger mortgage? Can you afford the expense o...
03/15/2010
News headlines recently have wondered whether housing market really have firm footholds in recovery. Only time will tell for sure, but markets across the country, including the Phoenix real estate market, continue to show signs of increasing strength. According to the widely used S&P/Case-Shiller...
02/19/2010
It’s a question that has been much debated here on ActiveRain and elsewhere: Do Phoenix foreclosures sell for less than non-foreclosure properties? And, do foreclosures pull down housing prices in the Phoenix real estate market (so that non-foreclosure properties also have to sell at foreclosure ...
02/16/2010
Will the strategic mortgage default trend continue? Will it accelerate? What will the effect be? The latest Phoenix foreclosure report showed that the Phoenix real estate market seems to be rounding the corner in terms of the number of foreclosures, though I predict a new wave of foreclosures in ...
02/10/2010
The Phoenix real estate market had an all-time record number of foreclosures in 2009 – 41,000 Phoenix foreclosures represented 35% of the existing home sales last year. That might sound like bad news, but it’s done a lot to get rid of some of the excess inventory of unsold Phoenix homes. As that ...
02/09/2010
I’ve been blogging about strategic mortgage defaults (which are particularly common in the Phoenix real estate market) since April 2008 – long before “it was cool.” In fact, my one and only Featured Blog here on Active Rain was on that very topic: Phoenix Real Estate Blog: 26% of Mortgage Default...
01/29/2010
On Tuesday REALTOR.com® featured a blog post I wrote called “Beyond Motherhood and Apple Pie: The Value of Homeownership.” With all the talk of people choosing to walk away from their homes because they owe more than the homes are worth (“strategic defaults,” which I’ve written a lot about) I got...
01/28/2010
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BobStahl

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Knowledge is power. In that spirit, the MyPhoenixMLS Phoenix Real Estate Blog covers everything that's Phoenix-area real estate, with the goal of helping buyers and sellers navigate the market.