Buyers

Boomerang buyers have been sitting on the sidelines for the past few years, but some are ready to get back in the Phoenix Real Estate Market. What is a boomerang buyer you might ask? Boomerang buyers are those who previously owned a home and for various reasons had to short-sale or foreclose on it, but […]

Tax benefits have been extended through the 2013 tax season so what does that mean for today’s homeowner?   The most known benefit is the mortgage interest deduction available to those with financing up to $1 million.  At the time of purchase, the buyer can also enjoy a deduction for Private Mortgage Insurance (used in […]

  In 1993 Scottsdale, AZ was voted as the most liveable city by the U.S. Conference of Mayors and has also been rated as the number one resort community. Many people want to raise their families here in Scottsdale, but affordability can be an issue for young families. A great solution is to look for […]

Paul Hagey with Inman News conducted a short video chat with Bill McBride- founder of Calculated Risk Blog and discussed our housing inventory trend. If you are thinking about selling your home, it may be worth your time to watch this short video! I will admit, it is dry, but informative forecasting about the future […]

An article published in InmanNews states that nearly half of US homeowners are still ‘underwater’ as of the first quarter of 2013. Considering the gains the Scottsdale and Phoenix Real Estate Market, it is hard to believe that statistic on the onset. Information gathered from Zillow shows that 25.4 percent of homeowners with a mortgage […]

  With low supply and pricing on the rise, it is easy to wonder whether or not we will experience another Arizona housing bubble. Here are some things to consider: – In the past, Lenders were very lenient and not concerned with future housing values. This has changed. – Demand is high due to pent […]

Tempe Town Lake has been confirmed as the site for the new State Farm Insurance regional headquarters. The 1.2 million sq. ft. mixed use project named Marina Heights, will be the largest office development deal in Arizona History. This project is subject to city council approval within the next few weeks and State Farm will […]

Did you know that Federal Housing Administration is the world’s largest mortgage insurer? Fact: The FHA has insured over 34 million properties since 1934. How does the FHA operate? What does it mean to have an FHA loan? When you apply for a mortgage on a house, you have to pass certain credit and income […]

Pricing Update and Forecast Each month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques performed. We also give a forecast for how pricing will move over the next 30 days. For the monthly period ending May 15, we are currently […]

According to Ginnie Mae (Government Mortgage Association), if you begin with a rent payment that is less than a mortgage payment, you will notice after three years that by locking in a mortgage rate and enjoying the tax benefits from ownership, your mortgage payment will become less than what you were paying in rent, especially […]