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Phoenix, AZ Real Estate And FHA Loan Limits

Phoenix, AZ Real Estate And FHA Loan Limits

We knew it was coming…and it is almost here. The reduction of FHA loan limits in  Maricopa County is happening on October 1st. SOUNDS CRAZY to me to do this…but it’s true. The now amount will be $271,050… translating to to a sales price of $280,880 with a 3.5% down payment. Most people think that a conventional loan has [...]

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News From CoreLogic Released 09/13/2011

CoreLogic is widely recognized as a leader in providing financial and property information to consumers. They are highly regarded and often quoted as being a source for accurate industry data. Yesterday, they revealed a report stating that 22.5% of all residential mortgages are UPSIDE DOWN. Well, that sounds scary enough…but looking at the Arizona  market [...]

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Is The Fix and Flip For YOU As An Investor?

It sounds GREAT on the surface. Buy a home in need of some “fixing”… be it major repairs or just cosmetic items. Make all of the repairs and put it back on the market with the hope of making a profit.  Well…let’s talk about the potential pitfalls…and windfalls of the fix and flip investor. First, when buying [...]

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If You Want To Be In The GAME…Get Pre-Approved People…

EXHAUSTING! That is what is can be like for agent working in this market. Telling the same things to different people over and over. It’s not their fault. These people have likely bought and sold MANY homes in their life. They are sure they understand what it takes and what they need to do. Well…our [...]

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FHA Extends 90-Day Seasoning Waiver

What is seasoning? It is the time frame between legal owners of a particular property in this case. For example if a home was purchased on March 1st and sold on March 31st…it would only have been seasoned for 30 days. The rules around how lender see this when providing a new loan for a [...]

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Metro Phoenix Home STATS

We have one of the BEST Multiple Listings Services (MLS) available…and they provide us with relevant market data. Since everyone is talking about the “market” everywhere you go..I thought I would share some real numbers. All of this data is quoted from the Arizona Regional Multiple Listing Service, Inc…or ARMLS as we refer to it. [...]

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Buying a Condo?…Financing Can Be A Challange

There are some REALLY good deals all over the Metro Phoenix Area right now…but before you get too excited about purchasing a condo make sure you understand the potential pitfalls with regard to financing. Of course, securing financing is the most important step in any transaction…but there are additional concerns when the property is a [...]

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Home Prices vs. Interest Rates…Should You Buy Now?

Home Prices vs. Interest Rates…Should You Buy Now?

Are home prices still falling? Each and every day I get e-mails and hear the local media voice “opinions”. Everything from “Phoenix homes prices will fall another 10%”…to “Metro Phoenix Home prices on the rise”. The truth is I do not think anyone can tell with too much accuracy what is happening for sure. I [...]

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The ARMLS logo indicates a property listed by a real estate brokerage other than eXp Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Copyright 2012 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Data last updated 5/18/12 9:16 PM PDT.

This IDX solution is (c) Diverse Solutions 2012.