Looking for a way to buy a home with just 3.5% down? Curious about the state of the housing market? Hint: it’s getting hot! Looking for a sturdy brick home that’s a great bargain? Look no further. . .
Down Payment Options in a Still-tight Credit Market
As I mentioned a few weeks ago, REALTOR.com has asked me to be a featured blogger; I’m really proud to be one of only a handful of real estate agents featured on the site. This week’s post is about down payment options in a credit market that’s still as tight as Steven Tyler’s leather pants. Conventional lenders have clamped down, but the FHA still guarantees loans with just 3.5% down (which is one reason why 90% of all mortgage loans originated in Maricopa County are backed by the FHA). Read all about it at REALTOR.com. . .
Is It 2006 All Over Again? A Housing Mini-boom
Home prices rose in the Phoenix area for the third straight month in August – a sign that the real estate market may well have hit bottom and caught the recovery wind. The number of homes sold was incredibly strong, too — the number of homes sold was up 16% in Phoenix and 16.1% in Scottsdale.
It’s prompted real estate analyst to dub this a “mini-boom” in the housing market. The “mini-boom” is fueled in part by the rush to buy before the First-time Homebuyer’s Tax Credit expires at the end of November, and in part by still-high foreclosure rates across the Valley. What’s a buyer or seller to do? Visit www.myphoenixmlsblog.com to find out.
Sturdy Brick Home in Old Town Scottsdale
I just listed a condo at 6840 E 2nd Street in Scottsdale. It’s an adorable condo just a couple of blocks from Old Town. It could also be a great investment opportunity since the price is $65,000. Best of all? “It’s completely made of brick, so it’s sturdy!” Click here to watch the video.
If you, or anyone you know, is wondering about what’s happening in the real estate market, your real estate professional probably has the answer at right here at MyPhoenixMLS.com.
Thank you for your time and I look forward to hearing from you.
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