Banks are Starting to “Loosen Up” Mortgage Guidelines
Banks are starting to “loosen up” after a half-decade of tightening mortgage guidelines. Looser mortgage lending standards should mean more home loan approvals for buyers, and fewer contract cancellations.
This can spur the housing market forward.
Not since before the recession have banks lowered mortgage approval standards like this and it bodes well for this year’s Phoenix housing market. Click here to continue reading
Should You Worry About Termites in Arizona?
Termites are just about everywhere in Arizona, and since they love wood, a home is a pretty good habitat. In order to gain access to wood sources above the ground, termites construct long tubes from the soil surface to the wood source. The termites can then move back and forth through these tubes.
If during the escrow period the termite inspection finds termites…don’t panic and cancel the purchase contract because in Arizona there are 2 types of homes; one that has termites and one that will have termites. Click here to continue reading
Mountain Bridge in East Mesa AZ – Newest Master Planned Community
Mountain Bridge…set amidst the prestige and beauty of scenic mountains. This new signature community for all ages features 42% open space including extensive trails and paths. Covered Grand Entryway, Clock Tower, rustic Old World, Mediterranean and Andalusian architecture in small gated neighborhoods. The Mountain Bridge Owners Club is now open with resort style amenities offering beach entry pool, spa, fitness, tennis, event lawns and parks. Great schools, dining, shopping, boating and recreational areas just minutes away! Take a tour of this community… Click here to continue reading
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
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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