| September 5th, 2007 |
We’re back!
BY Arizona Home Group
CATEGORIES: General Information
Hello Everyone! Hope you all had a great Summer. We took a much needed break for the past few months. Business has been as usual here at the Arizona Home Group, with people still coming in from out of state and new listings of Phoneicains looking to sell. It goes without saying that the market has gone completly haywire in the past 30-60 days, with the seeming collapse of the mortgage industry. But in my opinion, these changes were inevitable and necessary. We needed to eliminate the fly by night operations and get back to professionals providing service for the private sector. The economy will weather this storm, and Phoenix in partucular will continue to grow over the next 10-20 years. Hope to see you out here someday.
| September 5th, 2007 | ADD A COMMENT |
| June 8th, 2007 |
Higley to dissapear
BY Arizona Home Group
CATEGORIES: General Information
The once small, agricultural community of Higley, serviced by their own post office in the South East Valley will now become part of Gilbert. With the rapid growth of The SE Valley, the US post office had to rezone Postal Zipcodes for Gilbert. for more information on this subject, click: http://www.eastvalleytribune.com:80/story/91055
| June 8th, 2007 | ADD A COMMENT |
| May 24th, 2007 |
TOP 10 PLACES TO LIVE IN THE VALLEY
BY Arizona Home Group
CATEGORIES: General Information
Each year Phoenix Magazine ranks the best Valley cities to live in based on crime statistics, tax rates, schools, etc. This year’s list just came out and I figured we’d share it with you.
1. Scottsdale 2. Fountain Hills 3. Gilbert 4. Cave Creek 5./6. (TIE) Carefree & Chandler
7. Paradise Valley 8. Litchfield Park 9. Peoria 10. Tempe
We have in depth overviews of each of the Valley’s cities on our CITY TOUR link. Each of the Valley’s cities has something to offer depending on what you are looking for. For more information on any particular area, please contact us and we’ll be happy to go over in detail the city that will fit your needs best!!
| May 24th, 2007 | ADD A COMMENT |
| May 18th, 2007 |
FED has good News from Windy City!
BY Arizona Home Group
CATEGORIES: Mortgages
Finally we get some good news on the housing front. Below are some comments that Bernake made today at the Chicago banking conference:
Federal Reserve Chairman Ben Bernanke said Thursday that he did not believe the growing number of mortgage defaults would seriously harm the economy.
”We at the Federal Reserve will do all that we can to prevent fraud and abusive lending and to ensure that lenders employ sound underwriting practices and make effective disclosures to consumers,” Bernanke said while it was likely that there would be further increases in mortgage delinquencies and foreclosures this year and in he did not believe this problem would be enough to derail the overall economy.
“We believe the effect of the troubles in the subprime sector on the broader housing market will be limited and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system,” Bernanke said.
In answering questions, Bernanke said he believed the financial system would be able to “absorb the losses from this subprime mortgage problem” without difficulty.
To read the complete article go to http://www.breitbart.com/article.php?id=D8P69VK00&show_article=1
| May 18th, 2007 | ADD A COMMENT |
| May 15th, 2007 |
A great mortgage rate for veterans
BY Arizona Home Group
CATEGORIES: General Information
Veterans now have access to low interest rate mortgage loans through the newly revised Home in Five program from the city of Phoenix and Maricopa County Industrial Development authorities.
The offer includes 5.85 percent interest rate and down payment/closing cost assistance grants equal to 6 percent of the loan.
“The largest barrier to home ownership many families face is lack of a down payment,” Phoenix IDA President Ruben Ramos said in a statement. There are income and other restrictions.
For more information call (602) 262-66024 or (602) 506-7294
| May 15th, 2007 | ADD A COMMENT |
| May 15th, 2007 |
Medical centers ready for expansions this year (By Kate Nolan, The Arizona Republic)
BY Arizona Home Group
CATEGORIES: General Information
NORTHEAST VALLEY - In another sign of medical progress in the northeast Valley, the Mayo Clinic plans to increase its bench research by 50 percent in the next two years, according to Mayo’s head of research, Laurence Miller.Mayo’s board chairman, Victor Trastek, said that Mayo’s Arizona physicians are receiving more training in new kinds of medical research, such as genomics and other advanced fields.
“Mayo doctors have always done research; it’s nothing new for us,” Trastek said. “But the training has become much more complex.”
Health care industry observers are betting Mayo begins construction on its anticipated third Scottsdale research building this year, although Mayo sources say it’s too early to tell.On Scottsdale Healthcare’s campuses, expect to see the Phoenix-based Translational Genomics Research Institute expand its Clinical Research Services unit in March. Two more research physicians will join Scottsdale Clinical Research Institute at Scottsdale Healthcare Shea.
| May 15th, 2007 | ADD A COMMENT |
| May 15th, 2007 |
Sale Price vs. Asking Price gap is narrowing.
BY Arizona Home Group
CATEGORIES: General Housing Information
The Arizona Republic reported that in March 2007, the gap between Sellers asking price and Buyers sale price has narrowed to the smallest gap it has been since Marh cof 2004….”Both buyers and sellers are readjusting their expectations,” said University of Arizona economist Marshall Vest. “Buyers are coming back into the market with reasonable offers. More homeowners are pricing their homes to sell.”…..
| May 15th, 2007 | ADD A COMMENT |
| April 21st, 2007 |
RATES DOWN FOR 1st TIME IN 6 WEEKS
BY Arizona Home Group
CATEGORIES: Mortgages
CNNMoney.com reported that mortgage rates fell for the 1st time in 6 weeks…on signs that inflation pressures are moderating. The average rate for a 30 year fixed-rate loan fell to 6.17%, from 6.22% the previous week. Last year at this time rates were averaging 6.53%…so this is very good if you are looking to buy a home.
Considering that the normal influx in Spring inventory of homes is up….there are TONS of options out there. You are sure to find a perfect home to suite your needs and with rates holding steady, what better time to buy.
To see available homes, be sure to call or send us an email…we’re here to help!!
| April 21st, 2007 | ADD A COMMENT |
| April 12th, 2007 |
March Sales still up
BY Arizona Home Group
CATEGORIES: General Information
The Phoenix Business Journal reported that Real Estate sales for the month of March were up from February, but still lagged behind March of previous years. Check out our Articles page http://www.arizonahomegroup.com/articles/index.php for all the up to date information on today’s Real Estate Market in the Phoenix Metro Area.
| April 12th, 2007 | ADD A COMMENT |
| March 26th, 2007 |
February a decent month for real estate…
BY Arizona Home Group
CATEGORIES: General Housing Information
Numbers are in and on the national level, existing home sales rose somewhat unexpectedly in February, marking the largest gain since March ‘04. New construction housing starts were higher but building permits lower. Inventory rose slightly higher and the median home price declined slightly, so overall we are stabilizing but have a ways to go still. GREAT news if you are a buyer!! Plus rates are still really good…as of an update this morning from one of my lenders, a 30 year fixed with no points or origination fee is at 6.125…pretty darn good…..so take advantage of this time!
| March 26th, 2007 | ADD A COMMENT |
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