Tag Archives: investors

Improving Economy Bumps Up Mortgage Rates

Signs of an improving economy boosted fixed mortgage rates this week, market reports show.According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage was 4.20 percent (0.6 point) for the week ending June 12, an increase of 6 basis points from last week’s report. Last year, the 30-year fixed-rate hovered just below 4.0 […]

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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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Investors leaving the market?

Current homeowners are playing a bigger role as home-buyers, with a sharp slowdown in investor activity, according to a  Housing Pulse Tracking Survey by Campbell/Inside Mortgage Finance who surveyed about 2,000 agents nationwide. In June of 2013, current homeowners buying another home represented 44.6% of all home purchases, up from 43.8% in may.  A third […]

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Distressed properties are on the decline in Phoenix | HousingWire

Distressed properties are on the decline in Phoenix | HousingWire. Though there are still advertisements saying thousands of lender-owned properties are going to flood the market, that is definitely not the case for the Greater Phoenix market. Sure, there was a flood of cheap properties at one point in time, but that time has passed.Lenders […]

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Women Own Less Mortgage Debt, Less Likely to be Delinquent!!!

http://www.dsnews.com/articles/study-women-own-less-mortgage-debt-likely-to-be-delinquent-2013-05-22 According to a recent Experian study, women lead the pack in how their mortgage debt is managed, even though they generally earn less income (approximately 23% less than their male counterpart).  It seems that men are taking out bigger individual mortgage loans (4.9% higher), but are also having more difficulty paying those loans on […]

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Not another Bubble, Trulia confirms

Many homeowners & buyers are worried that the present price increases & housing recovery is leading towards another bubble experienced back in the 2005/2006 fiasco.  Trulia has done some research comparing various price indexes to per-capita income & rent data obtained by the government & concluded that home prices are still 7% undervalued nationally, coming […]

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Phoenix Home Sales Median Price Continues to Increase

http://www.azcentral.com/business/articles/20130503phoenix-home-sales-median-price.html Metro Phoenix median home sales price rose to $175,000 in March, a 3% increase from February marking a 30% increase over the last year.  Prices are expected to continue to increase, at least until June which is our traditional peak buying season in the Valley.  However, prices still haven’t increased enough for many homeowners […]

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Market Recovery Driven by Investor or Non-Investor Homebuyers????

The Campbell Housing Pulse Tracking Survey shows that the Investors, who have flooded the market in the past year, are not the only Homebuyers showing a strong presence in the non-distressed property market.  In March of 2013, at over 36%,non-investors purchased over 3 times the number of non-distressed properties than investors.  Another interesting statistic is […]

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Optimism Among Homeowners Continues

http://www.dsnews.com/articles/gallup-more-americans-expect-to-see-prices-rise-2013-04-22 A recent Gallop pole confirms that more Americans expect home prices to rise in their areas for the first time since 2007.  :ast year only 33% felt that optimism which is a testament to the visible recovery in the housing market in 2013.  Residents in the Western states show the most positive outlook where […]

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