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 post [...]

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 Neighborhood and [...]

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 Size
405 sqft

HOA/Maint
$145 per month

DESCRIPTION

Enter this beautiful duplex condo [...]

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 Fort [...]

My Promise to Home Buyers
•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 Report and developers contracts
•7    If a resale home [...]

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 on forever [...]