Tag Archives: enthousiasm

Are we headed for another bubble in the Real Estate Market?  Is Real Estate still a good investment?  Check out the latest information to help you decide if this is a good time to Buy a Home… For the latest Real Estate Information contact me at 602-739-0095

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Rates go Down, but Things are Looking Up

  Fannie Mae and Freddie Mac backed mortgages are hitting a 15-year high, according to the July 2017 Housing Finance at a Glance Monthly Chartbook recently released by Urban Institute. The share from 2007 to 2013 was approximately 40 percent, but Q1 2017 is reflecting an increase to 47.8 percent. This is one of the […]

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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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Income, Inventory Increases Lift October Home Sales

Income growth and rising home inventory levels helped push house sales up in October compared to last year, marking the first major increase year-to-date, according to a report. Redfin reported a 2.2 percent increase in the number of homes sold in October compared to the same month last year, making it the first month to […]

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3 reasons right now is the best time to buy a home.

  The advantage is on the buyer side!!! There has never been a better time to buy a home this year.  And yet despite three major advantages for homebuyers, sales so far have been slow. Buying is cheaper than renting in most markets. And with mortgage activity down, originators, one would think, would be bending […]

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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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Housing Markets Improving But Most Metros Not Yet ‘Stable’

Housing markets in half of all states and 35 of the top 50 metros are improving, according to a new report from Freddie Mac. However, only 11 states and four of the top 50 metros are “stable” compared to each market’s individual historical norms, Freddie Mac reported. Freddie Mac’s first Multi-Indicator Market Index (MiMi) was […]

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February Gains Point to Seller Optimism

Realtor.com released its February Monthly Housing Trend Report, which showed an increase in listing prices as well as an increase of housing inventory. The increase in both list price as well as inventory points to a “strong early beginning to this spring’s home buying season,” the report said. Nationally, median listing price increased to $199,000, […]

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Still a Seller’s Market? Not for Long!!!!

According to Michael Orr of Arizona State University WP Carey School of Business, at an ARMLS “Engage” Conference held yesterday in Phoenix, we will reach a balanced market in exactly 9 days.  By balanced market he means neither a Buyer’s nor Seller’s market.  As a statistician who tracks daily sails trends, he has noted the […]

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