In the pre-holiday rush, it might have been easy to miss Catherine Reagor’s article in the Arizona Republic about a big-name investor that has signed on to the development of a previously pristine 24,800 acre swath of land at the western end of Phoenix Valley. The planned development, known as Belmont, runs for five miles along the north side of Interstate 10 between 330th Avenue and 371st Avenue.READ MORE
There used to be a joke in the real estate industry that real estate marketing came down to the “4P’s” – Put a sign in the yard, Put it on the MLS, Place some ads and Pray. Today, you might want to replace a couple of these P’s with some new ones: Put together a video and Purchase a drone.READ MORE
In honor of Halloween, a true tale of terror about the Phoenix Valley real estate market crash of 2004 – 2006.
If someone asked you about the two-year period that had the biggest impact on your professional life, what years would you pick? For many of us in the real estate and mortgage industry, those two years would have to be the period between 2004 and 2006.READ MORE
PLF (‘Principal Limit Factor’, this is how they adjust for losses)- They lowered the floor rate from 5.06% to 3.00%READ MORE
Last week, I wrote about a recent NAR study that discussed generational homebuyer trends nationwide. Age-based demographics can help us understand buyers since so much of a buyer’s decision-making has to do with their life stage. How does this play out in Phoenix Valley? Let’s break it down…READ MORE
Arizona has long been seen as a haven for retirees. Millennials are now the nation’s largest home buying demographic. GenXers buy the most expensive homes. Hispanics are America and Arizona’s fastest growing population segment.READ MORE
Listings are hard to come by in today’s tight inventory real estate market, but there’s one segment of sellers that seems eager to sell – Canadian real estate investors.READ MORE
Perhaps more than any other city, Phoenix owes its existence as a modern city to air conditioning; a relatively recent invention. Although Phoenix was incorporated in 1888, it really wasn’t until the 1950s that the city began growing in earnest. That is when air conditioning became available for residential use.READ MORE
Grad Season in Arizona – Time to Talk About Planning for Homeownership
Rising prices are pushing down payments higher, while debt loads are a concern for many graduates. Today’s grads and would be buyers must develop positive money habits as early as possible to put homeownership in reach when they are ready to buy.READ MORE
Rates have been lower over the last few weeks, and here in the Phoenix Valley we’ve seen the spring real estate market building on last year’s gains.
But as real estate prices rise, some buyer clients – especially those first timers – inevitably start looking for ways to get a lower rate so they can reduce their payments. In the past, one of the ways they might have considered doing this was the ARM or adjustable rate mortgage.READ MORE
There is a lot of confusion about mortgage insurance out there. Hopefully we can clarify the facts.READ MORE