Tag Archives: buyer demand

Pending Home Sales Rise to Highest Level in Nine Years

The National Association of Realtors (NAR) recently reported in their Pending Home Sales Index (PHSI) that, pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. All four major regions saw growth in April, led by the Northeast and Midwest. “The steady gains in contract activity […]

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FHA to lower cost of mortgage insurance

In an effort to make owning a home more affordable, the Federal Housing Administration will dramatically cut the costs associated with the mortgages it backs. Premiums for FHA mortgage insurance, which is designed to protect the agency in case a borrower defaults on a loan, will be cut from 1.35% of a loan’s value to […]

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Pause in Valley Housing Market

The Phoenix area housing market posted it’s worst February in four years and home prices may stay flat throughout 2014, according to Arizona State University’s latest housing report last week.  Despite the fact that substantially more homes were on the market than a year earlier, prices slipped by 1% from January and demand dropped by […]

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Consumers Offer Mixed Opinions on Housing Market’s Future

Housing optimism for the year ahead diminished somewhat in March, though signs largely point to a positive spring season. Fannie Mae released Monday its most recent National Housing Survey, revealing a slight softening in the housing recovery as monthly indicators remain volatile. According to results from the March survey, fewer than half of consumers polled expect home […]

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Real Estate: Look for Value in 2014

The good news for housing in 2014 is that price gains are expected to be only about half as strong as in 2013, when inventory levels created a market tipped in the Sellers’ favor.  For a sustainable recovery, David Stiff, chief economist at CoreLogic Case-Shiller says that a more balanced market between buyers & sellers […]

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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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Is the Time to Move Now???

  Throughout the Phoenix Metro Area, home prices are some of the highest in the US as a result of buyer demand and low supply.  Prices are expected to continue to increase, which is welcome news to homeowners who may be considering selling their home.  According to Michael Orr, ASU real-estate analyst, home-sale prices in […]

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US Home Prices Have Highest Increase in 7 Years

The National Association of Realtors announced a 9.3% gain in US home prices in February of this year as compared with a year ago, driven by increased number of buyers and a decreasing inventory of available homes to purchase.  Increasing employment & near-record low mortgage rates are keeping demand for home buying high, helping sustain […]

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