The Federal Reserve lowered a key U.S. interest rate ( FED rate cut ) by a modest quarter percentage point on Wednesday. More importantly, the FED hinted the move could be the last in a series dating to mid-September. The question on the minds of Wall Street and Main street is , “is this enough [...]
Archive | April, 2008
1/4% rate cut – Is that enough to help the Phoenix Housing Market?
Posted on 30 April 2008.
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Active w/ Contingency in AZ- should you make an offer?
Posted on 29 April 2008.
often you will find homes listed on the local (ARMLS) Multiple Listing Services (MLS) with the term “AWC-C” or “AWC-I” or “AWC-O” …. what do these Contingency terms mean? I should point out I am referring to Arizona Real Estate Contracts that would be in use for ARMLS which includes the towns of Phoenix, Scottsdale, [...]
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Will the FED lower interest rates again Tuesday
Posted on 28 April 2008.
On Tuesday (and Wednesday) the Federal Reserve Bank, the “Fed” and its policy makers meet to announce/decide whether or not to lower key interest rates and more importantly, offer a glimpse into the future interest rate cut decisions by sharing their views of the US economy. According to several sources , Most investors believe the [...]
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should the public in AZ know the purchase price & sale price of your home
Posted on 27 April 2008.
There has been a significant and fundamental change in the display and public recording keeping of home ownership here in Maricopa County (Phoenix|Scottsdale and surrounding townships of Mesa, Gilbert, Tempe) Arizona. Preciously, on the tax records, anybody, could go to the public records and type in the last name of a friend, family member, business [...]
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when is a Short Sale actually a Short Sale ?
Posted on 26 April 2008.
we have never had so many requests from buyers who only are interested in short sales, foreclosures, or (REO) bank owned properties. However, when it comes to buying these types of properties, there are many differences. One of the most common and sought after is the “Short Sale“. However, not all Short Sale are alike. [...]
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Help your Tenants Buy your Home – Lease Option
Posted on 25 April 2008.
one of the challenges facing real estate buyers , and thus, home sellers , is the difficulty for home buyer’s to obtain loans. We are suffering in many of the towns of Maricopa County, North Phoenix, Peoria, and Glendale where we have been designated a ‘declining area” ; thus tightening credit further in most of [...]
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Can Price declines be good news for the Real Estate market ?
Posted on 24 April 2008.
I woke up this morning to Today’s leading business Headlines , ( Real Estate News) can ‘eye-catching’ news like …. “New home sales plunge to lowest level in 16 1/2 years, prices drop by largest amount in 38 years” according to the Commerce Department , “The median price of a new home in March, compared [...]
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Pay Full Asking Price for that new home!! In this market ! What???
Posted on 23 April 2008.
In my area of Phoenix , Scottsdale Arizona, I have real estate buyers who tell me all the time, that they would never pay full asking price. In fact , almost every client likes to makes offers at least 10% below market , first offer, no matter what the price. In some cases, this ‘haggling’ [...]
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