| As I mentioned in Friday’s post,the use of the first time buyer tax credit toward BUYING A HOME, is a work in progress. A very knowledgeable loan originator,Jeff Belonger in Cherry Hill NJ just posted a very good explaination of the rules as they are today. Rather than re-invent the wheel,see Jeff”s [...] The Consumer Confidence Index improved 14% over the low in February. I have said for a year that confidence,more than anything else except affordability creates housing demand. Both measures are excellent today. Nationally and locally,resale inventory is dropping(5% in the Phoenix metro,I’ll post June 1 with more detail on Sun City [...] Jim Little | Ken Meade Realty | 623-521-6768 9514 W. Greenway Rd.,Sun City,AZ Convenient central Sun City location,Friendly condo group. Your perfect seasonal or year-round home. 2BR/1.5BA Condo offered at $132,500 Year Built 1972 Sq Footage 1,658 Bedrooms 2 Bathrooms 1 full,1 partial Floors 1 Parking 2 Car garage Lot [...] It is Memorial Day,a perfect day to remember heros. I grew up amongst heros in San Diego,a Navy town. My father and the neighbors on either side of us,across the street,and up the street were all career men. When my turn came,I enlisted 12/7/1964 serving until 12/6/1970. I reported to [...] I Promise to Do These Things For You! •1 Help with the qualification process •2 Recommend 3 local lenders •3 Identify suitable properties •4 Set appointments and show qualifying properties •5 Prepare buyers estimated closing costs on selected property •6 If a new home is selected,help review the Public [...] Just reduced to $132,000! A lovely 2 bedroom 2 bath twin home. A few pieces of good news for the day. The Home Affordability Index is the best it has been in the 18 years of its existence. 73% of homes for sale were affordable by the median income family($64,000 as of this writing) Mortgages were still artificially low,subsidized by the Federal Reserve. This can’t go [...] An addendum to my last post. As I mentioned,one of the problems with foreclosed property is the poor condition we often see. Sometimes the poor condition is intentional abuse by the former owner/occupant. I guess they blame their financial condition on the lender who loaned them the money to buy the home,and than [...] Expect the property to be in terrible condition. Many foreclosed homes were abused as the former owners realized they were going to lose the home to the bank. Often the home has damaged and missing items. (A friend just sold one with NO KITCHEN. Additionally,the first thing a lender does is turn off [...] I have transferred my old blog at suncityneighborhood.net and my old website at suncityneighborhood.com to this platform. It now allows you to read my blog,and Search the MLS with NO registration required. Please check back from time to time as I add new information and features to this site. Please feel free to [...] | |
