Commodity Prices, How does this effect the Housing Market?

Commodity Prices, How does this effect the Housing Market?  Well, since last summer we have been expressing serious concern about the potentially damaging effects of the collapse in commodity prices. These include almost all metals, basic foodstuffs like rice, soy and wheat, animal produce and of course, energy products like oil, natural gas and coal.  Low prices sound like good news and they are … [Read more...]

How are Trustee Sales doing in Arizona?

How are trustee sales doing in Arizona?  First, what is a trustee sale? A trustee sale is a publicly-held auction where buyers can bid on real estate properties. Trustee sales are conducted when a homeowner is in default of his mortgage payment for more than 60 days.  How are trustee sales doing in Arizona, I am starting to feel sorry for trustee sales as they are so low and neglected these … [Read more...]

Monument Ridge at Lehi Crossing

New gated Subdivision in North East Mesa in desirable schools including Ishikawa elementary, Stapley Jr. High, and Mountain View High School. Close to the loop 202 freeway which will take you to Tempe and down town Phoenix within 15 minutes. Close to down town yet close enough to all the outdoor activities, which includes Saguaro Lake and Salt River were you can do many activities such as … [Read more...]

Is it a good time to buy a home in Arizona?

Is it a good time to buy a home in Maricopa or Pinal county? I get this asked a lot from many different folks. All I can say is that inventory of new homes listed is the highest its been in years and interest rates are still low, this is a good sign for buyers. Over the past couple of years our inventory of homes on the market, dropped to as low as 11,000 active listings. A normal market is … [Read more...]

“When is a good time to buy a home?”

"When is a good time to buy a home?", I get this asked all the time. Or, "Is it a good time to buy a home?" Well, the past couple of years the inventory of homes has been low and the demand has been high. Currently as of today November 19, 2013 we have 24,164 active listings on the MLS (multiple Listing Service). this is much higher then even over the summer with closer to 17,000 active … [Read more...]

Is it starting to turn to a buyers market?

In this report, you will see that in October we saw more listing on the market since April 2011, does this mean that we are starting to see a new tread? Is it becoming a buyers market? Well, interest rates are still low and with so many new listing on the market, now is the perfect time to buy a home. The change in market balance accelerated during October reaching a shocking pace we … [Read more...]

Simple Asset Protection Techniques

Many of the traditional forms of estate planning can be used effectively as asset protection techniques. Gifts of property not intended to defraud creditors remove the assets from your estate. If your child owns the farm, it is no longer at risk from your creditors – although your son’s creditors and his spouse may pose a risk. Retirement plans have a considerable amount of asset protection … [Read more...]

Is it still a good time to sell your Phoenix home?

For the majority of 2012, homes for sale in Phoenix Arizona have been very low. This has caused multiple offers for many buyers. A shift is happening and as of today December 11, 2012, we have approximately 4000 more single family homes, then we did back in April 2012. As of today, we have 14, 292 active single family homes. Back in April we were closer to 10,000 active single family homes. … [Read more...]

FHA Lending will Cost More in 2013

In its annual report to Congress, the Department of Housing and Urban Development (HUD) reported that the Federal Housing Administration (FHA) projects reserves at a negative $16.3 billion. While currently the reserve account holds $30 billion, the projection of losses of $46.3 billion are forcing changes to currently delinquent loans and increasing the costs for new, low down payment loans using … [Read more...]

Seasonal Guide to Home Maintenance for December 2012

You know that your house needs regular upkeep in order to stay in good condition. Not only can little maintenance issues become expensive and turn into major repairs, but nowadays problems that buyers might have overlooked can be huge liabilities when it comes time to sell." Good thing that most crucial maintenance tasks can be done just once a year at a certain time. Winter * Clean the vents … [Read more...]