Month: August 2012 - Scottsdale AZ Real Estate

Gene Montemore
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August 31, 2012
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Mortgage Rates

After 4 weeks of increases, mortgage rates finally recede nationwide.

Gene Montemore
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August 30, 2012
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Housing Analysis

In July, the third time this year, the Pending Home Sales Index crossed its benchmark value of 100, moving to 101.7.

Gene Montemore
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August 29, 2012
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Housing Analysis

As reported by the U.S. Department of Commerce, 372,000 new homes were sold in July on a seasonally-adjusted, annualized basis.

Gene Montemore
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August 28, 2012
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Housing Analysis

According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter.

Gene Montemore
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August 27, 2012
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Real Estate

We have a new pocket listing for sale in Park Scottsdale at 8602 E Mitchell Drive, Scottsdale for $375,000. This remodeled Hallcraft tri-level home features 4 bedrooms / 3 baths and a pool. Tenants rights – a 2 year lease at $1,950 per month just signed, making this a great opportunity to buy now while […]

Gene Montemore
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August 27, 2012
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Rankings

From a list of 744 eligible towns nationwide, Carmel, Indiana ranked first in CNNMoney’s Top Places To Live 2012.

Gene Montemore
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August 24, 2012
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Real Estate

Today I’m discussing using valuation models and appraisals to determine value of property. In today’s Real Estate market over 93% of the buyers and sellers are turning to the internet to start their home search. Additionally they are also using the internet to determine the value of their current home or a home they may […]

Gene Montemore
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August 24, 2012
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Federal Reserve

Eariler this week, the Federal Reserve released the minutes from its 2-day meeting which ended August 1, 2012. Since the release, mortgage rates have dropped.

Gene Montemore
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August 23, 2012
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Blogging, Real Estate

Aside from working Central Scottsdale residential and the general land markets, I’ve always been a sucker for historic neighborhoods and infill development opportunities. While researching some vacant lots owned by the City of Phoenix in the Garfield Historic District, a contact of mine at the city’s real estate acquisitions division let me know that a […]