Phoenix Real Estate-Phoenix Homes For Sale

Phoenix Real Estate-Phoenix Homes For Sale

From the category archives:

Home Buyers

The Phoenix economy’s undercurrents remain strong — solid employment numbers are just another example

November 21, 2007

Last Thursday, the Arizona Department of Economic Security released its November employment report, which showed that Arizona hit a record 2,737,500 nonfarm jobs in October. The unemployment rate in the Phoenix metro area is 3% — below the statewide average of 3.5% and dramatically lower than the U.S. average of 4.7%.
In an article earlier this [...]

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Landlords and lawyers relief or just good sense?

November 19, 2007

Last Thursday, the U.S. House of Representatives passed the Mortgage Reform and Anti-Predatory Lending Act of 2007 (HR 3915) in a 291-127 vote.  The bill is contentious, with some saying that it’s too strict and others saying that it’s not strict enough. 
Sen. Christopher Dodd, D-Conn., is expected to introduce legislation similar to HR 3915 [...]

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The importance of a sound home inspection

November 14, 2007

In an Inman News piece on Tuesday, a reader posed the question: “If a home inspector may not be able to provide a thorough and comprehensive inspection, should he continue to provide the service?”
The answer in my mind is clearly no. In the article, the reader who had written in was a tone-deaf home [...]

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Know who’s representing you — and who’s not

November 13, 2007

SPECIAL NOTE: Since yesterday was Veteran’s Day, I’d like to send a special note of thanks to all those men and women who have fought or are fighting to protect all that this country stands for.
 
An article Sunday in the Washington Post talked about hiring a buyer’s agent if you’re looking to buy a home. [...]

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How to avoid falling into a buyer’s trap

November 9, 2007

A recent article in the Chicago Tribune talked about how even in today’s buyer’s market, buying a home can be difficult.  It listed a number of reasons why, including: 1) it’s more difficult to get a mortgage now than it was during the housing boom over the last couple of years; and 2) buyers of [...]

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How to hire the right real estate agent (or fire the wrong one)

November 7, 2007

Nearly 75% of homeowners say that they wouldn’t re-hire the real estate agent who sold their last home.  Yet finding the right real estate agent is a key factor in selling your house for the most money in the shortest time – especially in today’s tight market.
An article Sunday in the American Chronicle talked about [...]

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If you’re not using the ‘Net to buy or sell your home, you could be losing out

November 4, 2007

An article Sunday on the CBS news website talked about using the Internet to buy or sell a home.  “These days, it’s not a luxury to use the Web to buy or sell a house, it’s a necessity, says Regina Lewis, AOL’s consumer advisor. And it’s about how savvy you are about marketing your home [...]

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The Fed lowers the target rate: but what does it mean for you?

October 31, 2007

Happy Halloween!
Was anyone else surprised to learn that the candy lobby may have been behind Congress’s passage of the law that extends daylight savings time to November? (Was anyone else surprised to learn that there’s even such a thing as a candy lobby?)
Anyway, on to more relevant news. . .
The Fed announced today that [...]

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Q: How do we get back to normal? A: Get rid of that excess supply.

October 29, 2007

October 29, 2007
What to do about all of the unsold homes?
The bottom line, we’re beginning to realize, is that builders and individual home sellers will have to cut prices dramatically in order to clear the excess inventory of unsold homes on the market right now.
The light at the end of the tunnel?  A stable real [...]

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Don’t have a 20% down payment? Don’t worry!

October 27, 2007

October 27, 2007
With the average home price in the Phoenix Metro area around $260,000, a 20% down payment would be $52,000. Even if you could afford to save $500 a month (on top of your rent payment), it would take you almost 9 years to save up for a home!
Some relatively high-income borrowers can get [...]

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