After 4 weeks of increases, mortgage rates finally recede nationwide.
Pending Home Sales Index Makes New High For 2012
Pending Home Sales Index Makes New High For 2012
In July, the third time this year, the Pending Home Sales Index crossed its benchmark value of 100, moving to 101.7.
New Home Sales Reach Multi-Year High
New Home Sales Reach Multi-Year High
As reported by the U.S. Department of Commerce, 372,000 new homes were sold in July on a seasonally-adjusted, annualized basis.
Government : Home Prices Up 3.0% In Last 12 Months Nationwide
Government : Home Prices Up 3.0% In Last 12 Months Nationwide
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.
For Sale 8602 E Mitchell Dr Scottsdale
For Sale 8602 E Mitchell Dr Scottsdale
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 […]
Carmel, Indiana Rated Top Mid-Sized U.S. City For 2012
Carmel, Indiana Rated Top Mid-Sized U.S. City For 2012
From a list of 744 eligible towns nationwide, Carmel, Indiana ranked first in CNNMoney’s Top Places To Live 2012.
Using Valuation Models and Appraisals to Determine Value
Using Valuation Models and Appraisals to Determine Value
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 […]
Mortgage Rates Dropping After Release Of Fed Minutes
Mortgage Rates Dropping After Release Of Fed Minutes
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.
Former Phoenix Fire Station for sale
Former Phoenix Fire Station for sale
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 […]
Existing Home Sales Rise To 4.47 Million
Existing Home Sales Rise To 4.47 Million
Home resales climbed 2% last month as the housing market continues its slow, steady recovery.