Monthly Archives: September 2013

Interest Rates Staying Low

Last Wednesday, the Fed unexpectedly delayed reducing its Bond purchase program as Bernanke said that the economy still isn’t strong enough to begin easing back its purchases. This was surprising news from the Fed, assuring the country that easing will continue at its current pace, at least for now. This news seems to be a […]

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Property Taxes Down Even Though Home Values Are Up

For many Maricopa home owners, their tax bills will be less than in previous years even though they’ve seen their homes rise in value. The reason for this is that there is a lag in the property-valuation system, which requires counties to base this year’s taxes on assessed valuations made during the worst of the […]

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August Existing Home Sales at Pre Recession High

http://www.dsnews.com/articles/august-existing-home-sales-at-pre-recession-high-2013-09-19 According to the National Association of Realtors, existing home sales rose an unexpected 6.5% in August to an annual sales rate of 5.48 million, the highest level since Feb 2007, even though economists expected a drop from July’s sales pace. The inventory of homes has edged up with fewer sellers remaining “underwater” and wanting […]

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Is the Phoenix Housing Finally Back to Normal?

According to Arizona State University, the Metro Phoenix Housing Market finally has the appearance of being more “normal”, with rising home prices, waning investor involvement & dwindling foreclosures & distressed properties across the Valley. After many months of chronic shortage of available inventory, it is even looking like a more balanced market as well, with […]

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Mortgage Rates, Low Inventory Greatest Obstacles for Homebuyers

According to Redfin, 53% of home buyers say that rising mortgage rates are one of their major concerns with buying a home right now. However, low inventory continues to be the chief concern at a whopping 58%. Buyers still are quoted as saying it is a good time to buy and feel that the nation […]

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Home prices still surging…..for now!

Though home prices are still surging, the pace of the gains has steadied as interest rates continue to rise. Even though prices in the nation’s 20 largest cities rose 12.1% over the last year, according to S&P/Case-Shiller home price index, it didn’t quite match the gain of 12.2% reported for May of this year. With […]

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