If you plan to buy or refinance your home this spring, I applaud you for taking advantage of historically low rates.

Sure, getting the financing may not be as quick or as easy as it once was during the housing boom because lenders and banks who lost billions from borrowers …

I read an interesting article today put out by RISMedia, heavily loaded with quotes from Lawrence Yun, the Chief Economist for the National Association of Realtors (read it for yourself here).  He had some very valid points about current lending standards and the challenges borrowers faced when applying for …

Latest numbers for Sunday 6/10/2012 (All Maricopa County, AZ)

• Active: 10,014 (0% change from 5/25/12)
• Active (Single-Family): 7,827 (0% change from 5/25/12)
• AWC/Pending (Single-Family Under Contract): 15,035 (-4.3% from 5/25/12)
• Active (Condo/Patio Home/Townhome/Loft): 1 …

Latest numbers for Friday 5/25/2012 (All Maricopa County, AZ)

• Active: 10,014 (-40.3% from 2/21/12)
• Active (Single-Family): 7,794 (-40.3% from 2/21/12)
• AWC/Pending (Single-Family Under Contract): 15,711 (-8.2% from 2/21/12)
• Active (Condo/Patio Home/Townhome/Loft): 1 …

Latest numbers for Tuesday 2/21/2012 (All Maricopa County, AZ)

• Active: 16,772
• Active (Single-Family): 13,057
• AWC/Pending (Single-Family Under Contract): 17,113
• Active (Condo/Patio Home/Townhome/Loft): 2,509

The Bottom Line: There are 52% more Single Family homes under contract than actively listed; There is …

Got a message this morning from the AZ Dept of Real Estate (ADRE) that an upcoming construction project intended to improve service in the area will cause outages. The project is tentatively scheduled for the week of 1/30 (this week). Here is their message:

SRP is indicating that they …

Every February, the state sends out its property tax assessments giving homeowners 60 days to appeal their assessed values, and subsequently their property taxes. This year, the annual assessment mailing will include a return-postage card that homeowners will specify whether their properties are class 3- Residential Owner Occupied homes or …

ARMLS Stat Plus for Q3 2011 (Link to data)

According to ARMLS newly released Stat Plus for Q3 (see link above), homes under $100K is now down below a 2-month supply. This means would-be investors, first-time buyers and snowbirds alike are all clamoring for a piece of the action, resulting …

I originally posted this article on Facebook on December 6, 2010, but several times/week I get questions from all kinds of buyers looking to make a first home purchase, buy a first investment or expand their portfolios and I thought this was pretty relevant still.  Though our market …

2011 Temporary FHA Loan Limits About to expire in many counties in Arizona.   This affects many buyers throughout the US looking to purchase for 3.5%.  If you live in Maricopa County, AZ and are using an FHA loan to purchase a new home, be aware that the …