Phoenix properties

July 24, 2013

NPR reports "Sales Of New Homes Rise Again, Hit Five-Year High"

NPR reported today that home sales are up nationwide 8.3% in June over last year.  This is great for the economy overall.  In the Phoenix market, builders are buying land all over the valley so we can expect many new communities to start popping up.

On the ...

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June 1, 2013

900 Devonshire Condominiums

 Located just North and East of 7th Street and Indian School, 900 Devonshire is a gated community with 4 floors.  All units are flats and the buildings all have an elevator.

Nice floor plans with 1, 2 and 3 bedrooms.  Some have very large kitchens with a lot of ...

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April 12, 2013

Mortgage interest rate falls to lowest since 1971

Mortgage buyer Freddie Mac says the average rate for the 30-year fixed loan fell to 3.43 percent from 3.54 percent last week. That’s near the 3.31 percent reached in November, which was the lowest on records dating to 1971.

The average rate on the 15-year fixed mortgage dipped ...

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Jan. 30, 2013

New home construction expected to increase in 2013

2012 saw 11,615 new homes started and built in Metro Phoenix, that's more than any year since 2007.  Analysts believe we could see 16,000 homes built this year.

That's no where near the boom of 2005 and 2006 when 60,000 homes where built in ...

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Dec. 10, 2012

Short Sales are selling more than Bank Owned Properties

If you're in a distressed situation with your mortgage, meaning you own more than it's worth and your payments have gone up, you may benefit from short selling your home instead of letting the bank foreclose.

Banks have finally realized approving a short sale is better for both ...

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