People trying to sell a home today ask me, “Why do I have to sell such a low price”?
The answer is at once simple and complex. The Phoenix AZ market is currently driven by the lenders selling foreclosed properties. In addition, there are many people who face foreclosure. Currently there are over 40,000 notices of [...]

The Phoenix area real estate is rising from the ashes just like its namesake, the mytical bird.
The lowest priced homes, under $100,000 are selling withind a few days, often with multiple offers.
Bank owned homes, (REO) ar also selling very well. REO new listings have been averaging 4,000 per month. Pending sales in this category are [...]

Who can imagine the sheer terror the young men who invaded Normandy 65 years ago felt? I quake to simply think of it.
I live and work in Sun City AZ, and am honored to know some of the men and women who fought the battles of WWII.
It is my honor to know and serve these [...]

Pending home sales are up 7% nationwide.
Credit Suisse reports real estate buyer activity is up 20-28% in the Phoenix market. Much of the activity is first-time buyers and investors. I have said often it is the first-time buyer who will lead the way and get us out of this recession.
Investors are paying CASH. It is [...]

The real estate market in Sun City is continuing to show signs of recovery. We have 708 active listings, 107 of which were sold in the month of May. The resulting absorption rate is 6.16 months of inventory. As I have said before, 6 months of inventory is a balanced market, favoring buyers and sellers [...]

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 [...]

When buying a home in today’s market, you MUST be concerned about MORTGAGE FRAUD. Not only the FRAUD FOR PROFIT that many have experienced, but the FRAUD FOR HOUSING. Yes, if you lie, or are encouraged to lie in the mortgage application, that is FRAUD. It is both a Federal and Arizona FELONY. Your buyer’s [...]

Get a Home Loan for Only 4% Interest!
That is a teaser rate folks, YES IT IS TOO GOOD TO BE TRUE!
Many lenders in the past have offered rates like this and even lower. You see it on TV all of the time. Thes are teasers, meant to get you to call them. Even if [...]

The Adjustable Rate Mortgage (ARM) can be a valuable tool when buying a home. It can also become your worst nightmare.
Benefits of an ARM include:

Ability to qualify for  more house since the qualification is based upon the first payment level.
Gradual increase in payments if the ARM is correctly selected. This increase will hopefully be [...]

Much has been said recently about the causes of our current and projected foreclosure rate.
Often vilified by the press as the cause of today’s mortgage mess, is the adjustable rate mortgage. (ARM)
The ARM was originally developed as an instrument to give people, often first time buyers a way to get on the property ladder earlier [...]