Has the mortgage market turned a corner? By Trey Garrison
The tepid growth in the job market and in the economy as a whole seems to be reflected in the mortgage lending space.
The widely followed measure of mortgage applications for home purchases put out by the Mortgage Bankers Association has shown tentative signs of improvement over the past six months, but research firm Capital Economics notes that it is still well below the levels seen in mid-2013.Read more, click HERE!
Featured Listings
10410 North Cave Creek Road #2223
Phoenix, AZ 85020
$147,700
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9065 East Gary Road #109
Scottsdale, AZ 85260
$365,000
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4621 East Goldfinch Gate Lane
Phoenix, AZ 85044
$305,000
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160 North Gillette Court
Chandler, AZ 85226
$359,900
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Memorial Day Tribute (Video)
‘Underwater’ Homes Inch Up in First Quarter
The share of seriously underwater home owners took a surprising turn in the first quarter of 2015, posting its first increase since 2012. However, the number of seriously underwater home owners is still down more than 4 percentage points compared to a year ago, according to RealtyTrac’s U.S. Home Equity & Underwater Report.
At the end of the first quarter of this year, 7.3 million properties – or 13.2 percent of all properties with a mortgage — were known as “seriously underwater.” A homeowner who is seriously underwater has a combined home loan amount that is at least 25 percent higher than the property’s estimated market value.
Why It’s Important to Keep up with Real Estate Trends
Just like in fashion, music, and countless other areas of life, real estate also has trends that come and go. But unlike these other topics, watching real estate trends can have a serious impact on your long-term financial status. If you’re in the market for a new home or are thinking about selling, watching for real estate trends is a must. Find out why and see what trends are hot this year.
You’ve probably heard how important curb appeal is when you’re trying to sell your home. The first thing buyers look at when they pull up to your home is the big picture — the house, the yard, the trees, the flowers. It’s the impression that counts, and all it takes is one thing to ruin the effect — a cracked walkway, dead branches in the trees, leggy bushes.
Home Prices Are Climbing Faster and Faster, but This Is Not a Bubble
By Jonathan Smoke
This spring buying season is off to a strong start—in fact, prices are going up faster than they were just a few months ago, according to nearly every recent metric. So does that mean we’re in a bubble?
Nope, that’s just what happens when demand increases faster than supply. After all, existing-home sales were up 9% year over year in March, according to the National Association of Realtors®. Inventory is also increasing, but not as fast as sales, resulting in a tight supply getting even tighter.
Who says you have to stop with paint on the walls? A can of paint can easily transform a number of areas in your home, turning boring into beautiful. It’s time to have fun with paint, all over your house (and outside too!).
Paint your cabinets
DIY painting your kitchen cabinets may not be a quick fix, but with a little time and patience, results can be well worth it.
After a long and daunting winter, there’s nothing I love more than giving my home a little seasonal spruce up. After all, the smallest changes can make the biggest difference. Now’s the time to open all the windows and tackle that to-do list you’ve put on the backburner. Start with these five easy updates to refresh your home for spring.
The buyers are coming back to metro Phoenix’s housing market. Home sales jumped 39 percent in March, signaling activity is climbing again after stalling in 2014.
Prices ticked up last month but could start climbing faster if buyer demand outpaces the supply of houses for sale in the Valley.
NAR Study: Return Buyers Expected to Boost Housing Demand in Coming Years
Nearly a decade since the start of the foreclosure crisis, formerly distressed homeowners with restored credit are re-entering the housing market, but damaged credit profiles and lender overlays will greatly restrict the …
10 things you should know about Valley home values
By Catherine Reagor
The booms and busts of metro Phoenix’s housing market have yielded a wild ride for homeowners and the area’s economy.
I started covering the region’s real-estate industry almost two decades ago, as it was still recovering from the 1990 crash.
How is the doctor-patient relationship changing? It’s going electronic.
By Suzanne Allard Levingston
Thanks to technology, Gary Sullivan enjoys a new kind of relationship with his doctor. If he wakes up with a routine health question, the 73-year-old retired engineer simply taps out a secure message …
Tempe redevelopment project aims to attract young professionals
By Rachel Andrews
The redevelopment of The Circuit promotes Tempe’s venture toward the growing creative office trend intended to attract young professionals, officials said. The Circuit, formerly Jabil Circuit, a semiconductor plant that closed in 2014 includes 190,000 square feet of creative office space.
It’s one of the best warm-weather traditions: dusting off the grill and sipping a beer as you cook up something delicious in the open air. Grilling imparts a unique, unmatchable flavor to food but it’s not just for meat and the classic vegetable skewer.
10410 North Cave Creek Road #2223
9065 East Gary Road #109
4621 East Goldfinch Gate Lane
160 North Gillette Court
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