After 4 weeks of increases, mortgage rates finally recede nationwide.
In July, the third time this year, the Pending Home Sales Index crossed its benchmark value of 100, moving to 101.7.
As reported by the U.S. Department of Commerce, 372,000 new homes were sold in July on a seasonally-adjusted, annualized basis.
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.
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 […]
From a list of 744 eligible towns nationwide, Carmel, Indiana ranked first in CNNMoney’s Top Places To Live 2012.
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 […]
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.
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 […]
Home resales climbed 2% last month as the housing market continues its slow, steady recovery.