ARCHIVED BLOG POSTS
2015
Technology is Great, But . . . Obviously trying to appeal to the Millennials, some mortgage companies are starting to advertise an online mortgage process – you “simply” upload all your financial information, complete the application, click on a few buttons to customize your interest rate and mor...
11/30/2015
Mortgage bond prices finished the week slightly lower which pushed rates a bit higher. Most of the weakness came Monday morning as traders positioned themselves ahead of the holiday break. The data was mixed. Existing home sales were weaker than expected with a reading of 5.36M versus the expecte...
11/28/2015
In Arizona, as in many state, recordation is the official close of escrow. Lender loan funding is a critical step and absolutely necessary component of closing but recordation is the final step when ownership actually transfers. Just because the lender has funded their loan does not necessarily...
11/26/2015
Please click on the link below to view 16 properties combined for the historic central subdivisions of Colonia Solana and El Encanto Estates. I have lost count of how many properties I have shown to clients and viewed in both of these desirable and historic subdivisions since I moved into Coloni...
11/24/2015
Please click the link below to view 8 total properties for sale (Active) and under contract (Active Contingent and Pending) for the central Tucson established subdivision of Broadmoor. http://www.flexmls.com/link.html?15c11vugjcsa,12,1The Broadmoor-Broadway Village Neighborhood is located in cent...
11/24/2015
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According to the National Association of Realtors, first-time home buyers comprised 32% of existing-home sales in August of this year (nationally). That’s only mildly interesting, sure, but look at how those sales break down: • Buyers age 34 and under accounted for 29% of those sales • Renters ac...
11/23/2015
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Fannie Mae – the residential finance company, recently announced that it would allow lenders to use employment and income information from a database operated by the credit bureau Equifax to verify borrowers’ creditworthiness.This means that the paper chase of your tracking down and collecting p...
11/23/2015
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Mortgage bond prices finished the week slightly higher, which helped rates. The data was generally as expected. Consumer prices rose 0.2% and the core rate, which excludes volatile food and energy costs, also rose 0.2%. Housing starts were weaker than expected at 1,060. Market participants looked...
11/20/2015
1919 E Water St, Tucson, AZ 85719 3 beds 2 baths 1,530 sqft New lower price, priced $10K below the Zillow.com "Zestimate". Charming 3 bedroom/2 bath, 1,530 SqFt red brick bungalow located in the heart of Central Tucson with NO HOA. Desirable N/S orientation with mountain views. Fantastic centra...
11/20/2015
In Arizona must the seller use a licensed contractor to make roof repairs?Here is an example: The buyer and seller executed an AAR Residential Resale Real Estate Purchase Contract. After the home inspection, the buyer requested that certain roof repairs be made. In the Buyer’s Inspection Notice a...
11/16/2015