National Housing Market Appears to be Easing, Phoenix Market Strong
The housing market appears to have eased a bit in December According to the National Association of REALTORS®. December’s Pending Home Sales Index slipped 4 percent from the month prior. The index measures the number of homes under contract to sell nationwide, but not yet sold. Click here to continue reading
The Feds Fund Rate Remains Unchanged – Lock in Rate Now!
The news that the Feds Fund Rate is remaining the same is good news for Home Buyers and Homeowners who are looking to refinance. Mortgage rates are the lowest they have been in decades and now is the time to take advantage of these rates and lock in a mortgage rate.
The Fed Funds Rate has been near zero percent since December 2008. Click here to continue reading
Is Financing Available for Canadians Purchasing Arizona Property?
Although many Canadians are cash buyers here in Arizona, some are seeking financing options in order to reduce their exposure to the US market. For those seeking financing there are a few options.
Listen to our 3-minute tutorial; “Is There Financing Available for Canadians?” to learn more. Click here to continue reading
Existing Home Sales Climb and Supply Dropping
An “existing home” is a home that’s been previously occupied; that cannot be considered new construction.
The housing market finished 2011 with strength, and is carrying measurable momentum into 2012.
According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December’s Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high.
After 4.61 million existing homes were sold in December, there are now just 2.38 million homes for sale nationwide. The last time the national home supply was this sparse was March 2005. Click here to continue reading
Active With Contingency – Should You Make an Offer on the Property?
Active with a contingency (AWC) means that the property is still showing active on the MLS, however the contract could be contingent upon financing, appraisal, inspection, lender acceptance, or review of the Property Owners Association disclosure package.
Another possibility is the buyer asked for an extended closing date or needs to sell their home first.
A Buyers Agent will alert their clients to AWC listings in order to save them time and frustration. Click here to continue reading
New Home Prices Expected to Rise
New home prices will rise as sales activity increases across all four regions. The monthly Housing Market Index has now nearly doubled in value since June 2011.
Homebuilder confidence is soaring.
For the fourth straight month, the National Association of Homebuilders reports an increase in its Housing Market Index. The index climbed 4 points to 25 this month — its second four-point gain since October.
The HMI is now at a 55-month high. Click here to continue reading
Who is watching your second home in Arizona, when you are not there?
Do you own a second home here in Arizona? You may be interested in getting some peace of mind when you are back home for summer by having a reliable service check on your second home here. 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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