Mike Bodeen MORTGAGE RATES: I like this chart below.It gives us a unique perspective over almost 50 years of mortgage rate history spanning four decades. My own career started in 1976 (at the very tender age of 22) when rates were 9.75% for second…
THINK LONG TERM BUT ENJOY IT NOW! Growing up, I lived in two homes in a 20 year period. We were unusual, most of my friends didn’t move during that time but stayed in their home. Those who chose to stay in…
Last week we touched on the comparison of buying a new home versus a used one. We said, “With the current scarcity of existing homes for sale should buyers consider buying a new build? Or is resale still the preferred course? With…
Clients/friends of ours have made it a habit to buy a new home every 5 years, about the same amount of time many folks would buy a new car. They seemed to always be on the lookout for the next best Northeast…
In the past, Clients/friends of ours had made it a habit to buy a new home about every 5 years, about the same amount of time many folks would buy a new car. They seemed to always be on the lookout for…
SHOULD PROSPECTIVE SELLERS LIST NOW OR WAIT? I don’t consider myself an alarmist. But on the other hand, our most recent numbers suggest I should be alarmed. Take a look: Well Mike, this seems pretty good to me. If I’m a seller…
I just finished reading an interesting analysis of the Phoenix Metro residential construction industry and the challenges it’s currently facing. The good news is that Maricopa County, being the fastest growing county in the nation, is creating the need for new employment…
PERHAPS, BUT WE HAVEN’T SOLVED THE PROBLEM! It has perplexed local and national real estate experts for several years now. In Arizona it has meant a continued rise of both home values and rental prices – and unfortunately (or fortunately if you’re…
If you’re a part of the Greater Phoenix Metro Chamber of Commerce, a California firm looking to relocate to a business friendly climate, or a local business-person wanting to be a part of a vibrant growing business culture, look no further than…
Last week we began to look at the Due Diligence (Inspection period) section of the Arizona Purchase Contract. We did this from the buyer’s perspective. This week, we’ll look more in depth at strategies a buyer can employ to negotiate required repairs…