Why Phoenix Metro is the #1 Turnaround Town
Phoenix metro was one of the hardest areas hit by foreclosures. As a result the areas list prices were at record lows and attracted many cash buyers such as investors who purchased rental property. The influx of investors resulted in the rapid reduction of distressed property inventory. Click here to continue reading
Upbeat Signs of the Housing Recovery
Upbeat Signs of the residential housing recovery are popping up daily. Some of the most rapid recoveries are the housing markets that were hardest hit, such as Metro Phoenix.
Nationwide we are seeing upbeat signs that the real estate market is turning and beginning it’s recovery across all price points with the exception of a few weak housing markets. Click here to continue reading
Get up to $30,000 in Relocation Assistance from BofA
Yesterday we blogged about BofA’s offer of Mortgage Principal Reduction for 200,000 underwater homeowners. Today there is more good news from the nation’s second largest bank. Bank of America announced that it will be offering short-sale relocation assistance to delinquent borrowers who work with the bank to obtain a pre-approved short-sale price before submitting purchase offers. These borrowers could be eligible to receive $2,500 to $30,000 in relocation assistance and owe no more on their mortgage. Click here to continue reading
Bank of America Offers Mortgage Reductions to Troubled Homeowners
If you have a mortgage with BofA you may be one of the thousands of homeowners to receive a letter from the bank offering to forgive a portion of the principal balance on your mortgage by an average of $150,000 each. Click here to continue reading
Mortgage Rates Drop to 60 Year Lows
Mortgage loan rates are touching new 60-year lows, but many won’t be able to take advantage of them.
The lower rates will likely spur some homeowners to refinance, economists say. But mortgage standards remain so tight that many people won’t qualify for a loan if they want to buy a house. Click here to continue reading
Phoenix Monthly Market Report May 2012
TRENDS: Mid Range pricing (100-300K) still strengthening…now 55% of market
TRENDS: REO’s/ Short Sales continue to shrink…. now only 42% of market
TRENDS: Rental Absorption rate softening slightly: 50%
TRENDS : New leases were down and pending leases were down. Click here to continue reading
Find Out About Landlord Insurance Before You Buy a Rental Property
Find out about landlord insurance before you buy a rental property or you may have to dig deeper into your pocket than you thought. Expect to pay up to 20% more for the right insurance policy to protect your property.
If you think a homeowners insurance policy will cover you when you turn your current home into a rental property or buy an investment property, think again. Click here to continue reading
Arizona Home Group
RE/MAX Excalibur Realty
8510 E. Shea Blvd #100
Scottsdale, AZ 85260
John: 602-571-3730
Sharon: 480-225-5710
Melanie: 480-334-4889
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