Or is this Another “Cry Wolf” For so many years, that I’ve lost track, we’ve expected mortgage rates to climb up from the depths of the mid 3% range to the low 4’s. We’ve been encouraging folks to get off the fence…
How does it Affect Us? As we’ve blogged for years, “all real estate is local!” We’ve usually written this as it relates to the value of residential real estate, which is where our expertise is. The national appreciation rate (for example, as…
In most parts of Arizona the FHA loan limit will increase from $279,450 up to $294,515 with exception to Flagstaff being at $362,250. https://www.hud.gov/press/press_releases_media_advisories/2017/HUDNo_17-110…
We’ve been here before. We still sound like we’re “crying wolf!” ‘Mike, why would you be talking about higher mortgage rates again? It’s been so long since we’ve been above the 3.5% to 4.5% range, why do you think this will change?”…
My family has successfully invested in multi-residential properties in the Phoenix area over the years and we’re in process of doing so again. My only regret is that we didn’t buy more before. What types of multi-residential am I speaking of? Well,…
One of the most common questions posed to us from buyers is, “Why is the seller selling?” The buyer is asking the question usually for one purpose, and that is to see if it might help him in his negotiation strategy. Obviously,…
October 2010 was the peak of the horrific mortgage meltdown leading to the worst real estate market in Phoenix Metro history. Foreclosures, where folks lost their homes and had to move out, averaged 164 PER DAY. In June of 2017, foreclosures are…
This Memorial Day weekend I began sifting and sorting through decades of paper files with the goal of continuing to file everything (important) in the cloud, and recycling everything else. I was amazed at some of the stuff I had hung onto….
Black Knight Financial Services recently released data which shows that Arizona mortgage delinquency rates are among the lowest in the country. For the month of February 2017, Arizona has 3.1% of its first position home loans in some form of delinquency (from…
As you can see by our historic median sales chart, the Phoenix Metro residential real estate market goes up and it goes down. In fact it has gone way up and it has gone way down. Just like most of the rest…