There are numerous articles telling you why to buy v. rent this year…here are my top 4 reasons. You know, so you don’t have to read all the articles: Mortgage rates are still historically low (check out the chart below). Which means you have more money to invest in your home which gives you more equity and more […]
First time homebuyers…come on down!
February 24, 2009 by Leave a Comment
According to a recent survey done by the National Association of REALTORS® the percentage of first time home buyers rose in 2008 to 41%, up from 39% in 2007 and 36% in 2006. The median age of the first time home buyer went down from 31 in 2007 to 30 in 2008. With the median […]
Update on the Stimulus Package
February 14, 2009 by Leave a Comment
As we have all heard by now, the Obama Stimulus Plan has been approved by the House and the Senate and will be signed into law. Here is the Bill text: A & B which is all 1091 pages of legislation or you can read the Joint Explanatory Statement: A & B which is only […]
Mini Sales Boom in Phoenix – Can you feel it?
January 21, 2009 by 1 Comment
I know this will be hard for some to believe but there is evidence that Phoenix is experiencing a mini sales boom. In January 2008 there were 2,912 homes sold and last month, December 2008, there were 5,514 homes sold, that means a 90% increase in homes sold in 2008. FYI, last month wasn’t the […]
Scottsdale Homes under $250k, there are more than you think.
January 12, 2009 by 5 Comments
Seriously, there are more than you think. I was surprised myself when I ran a search for homes under $250,000 in Scottsdale and came up with 434. That number does include single family, patio and town homes in Scottsdale and does not include condominiums/apartment style homes. The news gets even better. According to my amortization […]