Prescott Real Estate News

Happy Thanksgiving From Laurie A Moore

2011-11-22T10:56:00.000-08:00

Laurie A Moore
Sr. Mortgage Consultant &
Certified Reverse Mortgage Specialist
3615 Crossings Dr. Ste. A
Prescott, AZ 86305
Office: 928-778-7167
Mobile: 928-308-1723
Fax: 928-445-5308

“Gratitude unlocks the fullness of life. It turns what we have into enough, and more. It turns denial into acceptance, chaos to order, confusion to clarity. It can turn a meal into a feast, a house into a home, a stranger into a friend. Gratitude makes sense of our past, brings peace for today and creates a vision for tomorrow.” --Melody Beattie

Have a great Thanksgiving!

This was sent to you because of your relationship with Laurie A Moore. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in the newsletter is the property of Wallick & Volk Mortgage and cannot be reproduced for any use without prior written consent. Wallick & Volk Mortgage is an Equal Housing Lender. BK 0018295 NMLS #256449

Inside Lending News from Theron Wall

2011-11-21T08:41:00.001-08:00

visit my website email me now

Theron Wall
Sr. Mortgage Consultant
1575 Plaza West Drive, Suite C
Prescott, AZ 86303
Office: 928.445.8730
Fax: 928.445.1065
Cell: 928.533.7473

For the week of November 21, 2011 – Vol. 9, Issue 47

>> Market Update

QUOTE OF THE WEEK..."Our greatest glory is not in never falling, but in rising every time we fall."--Confucius

INFO THAT HITS US WHERE WE LIVE...Last week some observers felt there were signs home building may be starting to rise. October Housing Starts came in above expectations at a 628,000 unit annual rate. Off a mere 0.3% from the month before, starts are now up 16.5% versus a year ago. Single-family starts were up 3.9% in October, so the slight monthly decline was all from those very volatile multi-family units. Multi-family starts are actually up 88.6% over a year ago.

Even better, Building Permits, which indicate where Housing Starts may be a few months out, were UP 10.9% in October, to a 653,000 annual rate. Over the last year, permits are UP 6.6% for single-family homes and UP 48.0% for multi-families. The total number of homes being built has increased three times in the last four months, after posting no increases from 2006 until four months ago. In line with all this, a national home builder index rose to its best reading since May 2010.

BUSINESS TIP OF THE WEEK...The best way to handle a complaint is to quickly address it. Studies show this often makes a customer even more likely to come back.

>> Review of Last Week

WEAK WEEK...In last week's financial and economic news, all the stories seemed to be coming out of Europe. Coverage of the debt crisis continued, and was joined by concerns that economic growth was slowing, putting some of the more troubled countries on the brink of recession. All this Euro trashing sent our stocks on a mighty slide down, the market ending up with its worst weekly performance in almost two months.

Over here, our Leading Economic Indicators (LEI) Index headed up, bolstering hopes for the U.S. economy. New jobless claims dropped by 5,000 last week, to 388,000, while Continuing Claims declined by 57,000, to 3.6 million. Some analysts feel November could be another month with respectable job growth. Retail sales rose for the fifth consecutive month in October and are 7.2% higher than a year ago. Vehicle sales in November are tracking at a 14 million annual rate. And consumer confidence was up for the third month in a row in early November.

For the week, the Dow ended down 2.9%, at 11796; the S&P 500 was down 3.8%, to 1216; and the Nasdaq slid 4.0%, to 2573.

The plummeting stock market help bonds somewhat. But economic data that beat expectations prevented bond prices from really taking off. The FNMA 3.5% bond we watch ended the week up .03, at $101.22. National average mortgage rates were little changed, according to Freddie Mac's weekly survey, staying at their recent extremely low levels.

DID YOU KNOW?... This week's Durable Goods report measures consumer spending on products expected to last more than three years, such as cars, TVs and appliances. The data provides insight into the future of manufacturing.

>> This Week’s Forecast

NO TURKEYS... We can be thankful this holiday-shortened week isn't expected to serve up any turkeys via its economic reports. October Existing Home Sales shouldn't ease off too much and the Second Estimate for Q3 GDP is forecast to stay at a modest level, but none of this is awful news.

Meanwhile, Initial Weekly Jobless Claims are predicted to remain under 400,000, with Core PCE Prices expected to show inflation under control in October. The markets are closed Thursday and Friday for the holiday. Happy Thanksgiving to you and yours!

>> The Week’s Economic Indicator Calendar

Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.

Economic Calendar for the Week of Nov 21 – Nov 25

Date	Time (ET)	Release	For	Consensus	Prior	Impact
M Nov 21	10:00	Existing Home Sales	Oct	4.85M	4.91M	Moderate
Tu Nov 22	08:30	GDP - Second Estimate	Q3	2.5%	2.5%	Moderate
Tu Nov 22	08:30	GDP Deflator - Second Estimate	Q3	2.5%	2.5%	Moderate
Tu Nov 22	14:00	FOMC Minutes	11/2	NA	NA	HIGH
W Nov 23	08:30	Initial Unemployment Claims	11/19	391K	388K	Moderate
W Nov 23	08:30	Continuing Unemployment Claims	11/12	3.620M	3.608M	Moderate
W Nov 23	08:30	Personal Income	Oct	0.3%	0.1%	Moderate
W Nov 23	08:30	Personal Spending	Oct	0.3%	0.6%	HIGH
W Nov 23	08:30	Core PCE Prices	Oct	0.1%	0.1%	HIGH
W Nov 23	08:30	Durable Goods Orders	Oct	-1.0%	-0.6%	Moderate
W Nov 23	09:55	Univ. of Michigan Consumer Sentiment-Final	Nov	64.2	64.2	Moderate
W Nov 23	10:30	Crude Inventories	11/19	NA	-1.056M	Moderate

>> Federal Reserve Watch

Forecasting Federal Reserve policy changes in coming months...The Fed wants to keep the Funds rate where it is through mid-2013. Economists don't see any reason why they won't be able to. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.

Current Fed Funds Rate: 0%–0.25%

After FOMC meeting on:	Consensus
Dec 13	0%–0.25%
Jan 25	0%–0.25%
Mar 13	0%–0.25%

Probability of change from current policy:

After FOMC meeting on:	Consensus
Dec 13	<1%
Jan 25	<1%
Mar 13	<1%

This e-mail is an advertisement for Theron Wall. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice, or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in the newsletter is the property of Wallick & Volk Mortgage and cannot be reproduced for any use without prior written consent. It is designed for real estate and other financial professionals only. It is not intended for consumer distribution. The material does not represent the opinion of Wallick & Volk Mortgage. BK 0018295 NMLS #256412

This is not the opinion of Brad Bergamini, Realty Executives Northern Arizona or any of its affiliates. This post is for informational purpose only and is not guaranteed and does not render as legal advice. Buying and selling Real Estate in Arizona or Prescott Arizona is a serious task and should be consulted with personally with Realtor or Real Estate Attorney. Please visit my website for contact information

http://bradbergamini.com or http://everythingprescott.com

Happy Thanksgiving

2011-11-21T08:39:00.000-08:00

At this festive time of year, I hope you are surrounded
by friends and family. Enjoy the holiday!

Mark Ott

Loan Officer

W.J. Bradley Mortgage Capital Corp.

Office: 928-775-9330

Cell: 928-713-9639

Fax: 928-775-9331

NMLS: 189552

License: BK-0903998

Contact Me

My Website

© 2011 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government.

AZ License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; To check the license status of your CO Mortgage Broker, visit www.dora.state.co.us/real-estate/index.htm; Florida Mortgage Lender license #MLD285; ID Mortgage Broker License No. MBL-2803; IL Residential Mortgage Licensee – License #MB.6760738, 201 Columbine Street, Suite 300, Denver, CO 80206; MN Residential Mortgage Originator License No. 20447094; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01856; OK Mortgage Broker- License No. MB001365; OR Mortgage Lender License No. ML-776; TX Mortgage Banker Reg. No. 74182; UT Mortgage Lender Company License No. 5495659-NMLC; Vermont Broker License #0995MB; Vermont Lender License #6141; WA Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233.

Friday Facts

2011-11-18T12:02:00.001-08:00

Congress Restores FHA loan limits

2011-11-18T11:16:00.001-08:00

November 2011

Congress Restores FHA Loan Limits to NAR-Backed Levels

The U.S. House and Senate yesterday restored FHA loan limits to the level they were at before they were allowed to expire at the end of September. As a result, the limits will rise to 125 percent of the area median home price from 115 Percent, up to a maximum $729,750, from $625,500. NAR estimates that several hundred counties where FHA loan limits fell at the end of September will now rise back up to the previous level.

"The reinstated loan limits will help provide much needed liquidity and stability to communities nationwide as tight credit restrictions continue to prevent some qualified buyers from becoming home owners and the housing market recovery remains fragile," said NAR President Moe Veissi in a statement released last night.

President Obama is expected to sign the legislation shortly. The restored loan limits are in a broad-based bill that includes funding for a wide variety of federal operations and programs.

The maximum conforming loan limits for secondary mortgage market companies Fannie Mae and Freddie Mac also expired at the end of September, but lawmakers did not include a restoration of those limits in the bill. As a result, conforming loan limits will remain at 115 percent of the area median home price, up to $625,500.

Once President Obama signs the bill, the limits will go into effect. FHA will release a mortgagee letter to its approved lenders shortly. The mortgagee letter will contain a list that's been updated to reflect the new limits. NAR analysts say it will take the agency a short period to update its database and release the mortgagee letter, maybe a couple of weeks.

The funding bill also extends the National Flood Insurance Program (NFIP) until December 16 to allow lawmakers time to consider long-term authorization of that program, which is an NAR priority.

Resources for communicating this development to your members:

Statement by NAR President Veissi (NAR Public Affairs).

6-minute explanatory video (REALTOR® Magazine).

FHA limits myths and facts (NAR Government Affairs).

Impact of declining loan limits (NAR Research).

Keep up pressure for long-term NFIP authorization (REALTOR® Action Center).

Report compiled by Robert Freedman, 202/383-1012. NATIONAL ASSOCIATION OF REALTORS®

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HEADQUARTERS:
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Our Virtual Tour Report for The Bergamini Group

2011-11-17T09:51:00.001-08:00

MY ACTIVE VIRTUAL TOURS

Tour #

Address

Price

Start Date

# Views

# Visits

806893

3003 N. Geronimo Rd.

11/15/2011

1025

799790

8043 N. Racehorse

$130,000

11/2/2011

2464

139

798268

2040 N Arrowhead Drive

$575,000

10/18/2011

746

795480

6888 E. Yellowglen Dr.

$130,000

10/11/2011

2690

195

778233

2183 Lynxwood

$348,000

8/23/2011

23670

803

773229

8200 Easy Street

$500,000

8/10/2011

11113

365

771276

2802 E Northwest Circ

$350,000

8/4/2011

42082

1241

769436

11135 E Pima Road

$110,000

8/3/2011

25386

860

767720

1090 Sunrise Blvd.

$299,000

8/1/2011

20649

991

758497

1405 N Skyline Drive

$144,900

6/30/2011

14793

600

757905

465 S Lynx Creek Road

$249,900

6/29/2011

14347

520

754646

2167 Clubhouse Drive

$160,000

6/20/2011

5604

286

750553

3555 Shadow Mesa

$271,000

6/17/2011

27174

709

751381

1634 Eagle Rock

$339,000

6/10/2011

20951

825

746437

18900 N Butte Pass

$549,000

6/2/2011

16492

429

737677

1750 Commonwealth St,

$650,000

5/27/2011

16008

604

734045

1256 Mcdonald

$50,000

5/3/2011

156

733824

540 Arena Dr

$16,000

4/29/2011

602

105

732160

352 Trailwood Drive

$67,500

4/29/2011

146

731827

368 Trailwood Drive

$57,500

4/29/2011

151

731792

7455 Spur Road

$165,000

4/28/2011

6910

352

732161

364 Trailwood

$57,500

4/27/2011

115

730695

13383 E Palomino Ln

$64,900

4/26/2011

227

719555

2007 Promontory

$145,000

4/14/2011

710862

4541 Hornet Dr.

$99,500

3/4/2011

266

705412

4559 Hornet Dr.

$169,000

3/4/2011

398

707958

4971 N Cowpoke

$139,900

3/2/2011

31119

1389

703410

1610 Cedarwood Dr

$214,000

2/14/2011

28188

1691

679276

1315 Sierry Peaks

$720,000

11/9/2010

35413

2189

658456

7141 N. Lucky Shoe Way

$699,000

9/22/2010

36360

1401

640493

639 Robinson

$175,000

7/23/2010

7921

732

636736

1808 Short Line

$129,000

7/19/2010

39655

3205

614859

10903 Saddle Pass

$99,000

5/12/2010

478

192

611027

0 Pemberton

$165,000

5/7/2010

415

201

611043

11125 N. Rowdy Bunch Pass

$75,000

5/3/2010

336

610990

7001 E. Second Street

$650,000

5/2/2010

1258

288

611046

2660 N. Third Street

$550,000

5/2/2010

1175

208

611020

702 Hermosa Drive

$650,000

5/2/2010

972

225

611016

414 N. Arizona

$750,000

4/30/2010

602

236

593664

0 N. Zoro Road

$136,500

3/12/2010

324

122

584233

1714 Conifer Ridge

$99,000

2/13/2010

1015

296

582646

1456 Eureka Ridge Way

$89,000

2/9/2010

922

186

571471

6116 Antelope Villas Circle

$99,000

1/2/2010

7946

616

566859

2960 Falling Star Circle

$90,000

11/30/2009

496

185

527326

2859 Harvard

$124,900

7/7/2009

692

213

527327

2859 Ithaca

$124,900

7/7/2009

432

173

462422

8743 N Powderhorn

$365,000

10/29/2008

27575

1996

427238

Blue Star

$149,000

5/27/2008

1303

497

250266

CondorRun & FinchHollow

$25,000

11/24/2007

1734

549

Total

480591

26354

>>Deactivate a Tour

Newsdesk | Volume 6 | Issue 76 | November 15, 2011

2011-11-16T21:12:00.001-08:00

Top News
Georgia bank seized by regulators; failures up to 88 in 2011
Atlanta Business Chronicle - Regulators shut down Rockmart, Ga.’s only locally owned bank on Thursday and its assets and deposits taken over by Century Bank of Georgia, Cartersville, reports the Rome News-Tribune.
Scammers profit from struggling housing market
MarketWatch - Fraudsters find a way to scam lenders and homeowners out of money no matter how the housing market is faring, but in recent years they’ve shifted their tactics to profit from the market’s downturn.

Market News
Real Estate Weekly: Falling prices are biggest risk, homeowners say
MarketWatch - “The decline in home values continues to undermine homeowners’ confidence in the housing market,” said Scott Ryles, chief executive of Home Value Insurance Company, an Ohio-licensed insurance carrier, in a news release.
Real estate woes deepen as home prices face more pressure
USA Today - The more concerning aspect of the report is that while home prices including foreclosures and short sales fell 4.1% from September of 2010, they still fell 1.1% when you exclude distressed sales. That has not been the case in previous months. "
WRM American completes buy of Fidelity National’s flood insurance business
Business Journal of Tampa Bay - WRM America Holding Co. LLC wrapped up its purchase of Fidelity National Indemnity Insurance Co. Based in St. Petersburg; FNIIC is the nation’s largest provider of federal flood insurance.

Tech News
4 Reasons You Need Google+
Inc.com - “Google+ will feel very familiar,” says Dave Hanley, principal at the Banyan Branch, a social media marketing agency. “Google+ is clearly evolutionary, not revolutionary. I think businesses will know exactly what
How to Create a Social Media Marketing Schedule
Entrepreneur.com - It's easy to get into social media for the wrong reasons and to post too much or too little. Here's how to balance out your social media efforts. Why have you joined the social media world? Some social networkers are there for purely egotistical reasons.

Other News
NAR's 2012 President Committed to Facing Challenges Ahead
REALTOR Magazine - NAR will not waiver in its commitment to ensure access to homeownership, affordable housing, and commercial investment, according to Moe Veissi, 2012 NAR president. Veissi shared his perspective and insights into some of the key issues facing the real estate industry in the coming year during

For more information about Newsdesk please visit www.productcenter.fntg.com

Top Headlines in Real Estate

2011-11-16T10:30:00.001-08:00

Real Estate

Five Great Things about Homeownership - realtytimes.com

If you've been on the fence about homeownership, now is the time to take a leap! Don't let the negative press deter you from one of life's greatest joys. Take a look at five short and sweet reasons that homeownership is great! 1.

1000 shares • Read full story • Share

Housing to gradually improve in 2012, NAR economist says - housingwire.com

Gradual improvement in the housing market is expected next year, with existing-home sales edging up 4% to 5% and new home sales getting an even bigger boost off this year's record lows, the...

174 shares • Read full story • Share

U.S. Will Remain a Nation of Homeowners - realtor.org

The U.S. will not become a nation of renters; there are just too many benefits, both financial and otherwise, to own versus rent. That's according to the combined findings of several recent studies...

65 shares • Read full story • Share

Are We an Industry Afraid of Our Shadows? - dsnews.com

Estimates of the industry's shadow inventory vary widely, but one thing analysts do agree on is that the overhang is massive and will likely weigh on market dynamics for years to come. Measurements of soon-to-be repossessed and...

62 shares • Read full story • Share

NAR repeals franchisor IDX display - inman.com

The National Association of Realtors board of directors today approved a repeal of a provision of multiple listing service policy allowing real estate franchisors to ...

55 shares • Read full story • Share

The PRICE Is the Same, But the COST Is Less

2011-11-16T09:33:00.001-08:00

The PRICE Is the Same, But the COST Is Less

Posted: 16 Nov 2011 04:00 AM PST

There is more and more research coming out showing that it makes great financial sense to purchase a home today . Whether it be rent vs. buy ratios, income-to-price ratios or income-to-mortgage payment ratios, purchasing a home right now is a bargain compared to historic norms. Now we want to look at the COST of a home today compared to pre-peak prices.

According to the most recent S&P Case Shiller price index, residential real estate values have returned to 2003 1Q PRICEs. That, in itself, says something. However, when you factor in mortgage rates, the case for buying a home today becomes even more compelling.

In 2003, 30 year mortgage rates stood at 5.88%. Today, they are 4%. How does that impact the actual COST of a home? On a home purchased for $250,000, here is the difference in monthly cost:

That means you save $285.30 a month, $3,423.60 a year and $102,708 over the life of a 30 year mortgage! You buy the home for the same PRICE but the COST is over $100,000 less.

Bottom Line

This is why so many financial advisors are saying that this may be one of the greatest times in history to purchase a home.

Happy Thanksgiving From our good friends at Lawyers

2011-11-16T09:29:00.001-08:00

Cut your electric bill 10% without ever noticing it!

2011-11-15T14:24:00.000-08:00

Cut your electric bill 10% without ever noticing it!
PLUS...24 tools every homeowner needs.

Most people don't know that TVs, DVD players, game consoles, computers and chargers for cell phones and other electronic devices can draw energy 24/7, even when idle.

The typical American home has 40 of these electronic devices, continuously drawing power. The U.S. Department of Energy's Lawrence Berkeley Lab says they account for almost 10% of home energy use. Here are some easy ways to cut this cost.

Unplug After Charging. The Environmental Protection Agency (EPA) says one of the best ways to cut costs is to simply unplug devices as soon as they're charged. That's because standard chargers keep feeding power to a device after it's fully charged. They also draw small amounts of energy even when no device is attached!

Set on Energy Saving. Configure the energy settings on computers and monitors so they power down after you stop using them. The EPA says these setting could save up to $85 a year.

Check Standby Power Ratings. Choose home appliances, like microwaves and cordless phones, with the lowest standby-power ratings. These ratings measure how much energy a device uses when idle. You can look them up at http://www.eere.energy.gov/.

You can also buy energy saving chargers and power strips with automatic shut-offs. But be careful. They all cost money and may save only a few dollars a year, versus the charger you're using that just needs to be unplugged when it's finished.

2 DOZEN TOOLS TO SAVE YOU MONEY

You can save money on little jobs around the house by doing them yourself. Here are the tools to keep handy:

16-ounce rip hammer. Heavy enough to drive big nails, light enough to control. Straight claw can pull nails or rip out a wall. Fiberglass or steel handle, should feel well balanced.
25-foot tape measure with 1-inch blade. Extends without buckling, important when working alone.
4-in-1 screwdriver. Gives you large and small flat-head bits and large and small Phillips-head bits.
4-foot spirit level. Good size for putting up shelves.
Line level or torpedo level. Better for smaller jobs, like hanging pictures.
6-inch adjustable crescent wrench for tight spaces.
14-inch adjustable crescent wrench for more leverage.
Adjustable channel-lock pliers for nuts and shower heads.
Lineman's pliers for cutting and twisting wire.
Needle-nose pliers for fine work.
Vise grips to also use as clamps.
Utility knife. To mark wood, score and cut drywall and other tasks. Blade retracts or folds into handle.
14-volt lithium battery powered drill. Works as a power screwdriver too, if you get screwdriver bits along with the twist bits.
1-inch putty knife for filling nail holes.
6-inch drywall knife for patching wall dings.
9-inch paint roller frame with disposable roller covers.
Paint tray
2 1/2-inch angled brush
5-in-1 painter's tool (blade for scraping, putty remover, spreader, 1/2-round cutout to remove paint from rollers; sharp point to open cracks for patching).
Round-point garden shovel
Flat-edge shovel
Rake
Hand-held spade
Hedge clippers

All of this costs around $200, which you could save on your first job.

Remember, we're always here to answer any questions.... Have a great day!

PS With mortgage rates low and homes super affordable, many people are upsizing, downsizing or refinancing. Please call or email us now to discuss your situation.

http://bradbergamini.com or http://everythingprescott.com

Real Estate News, Trends, and Buzz for November 2011

2011-11-15T09:27:00.001-08:00

November 2011

Real Estate Monitor

Monthly Newsletter

Exclusively for the TReXGlobal Community

Here's an update on the latest real estate buzz and trends for November:

Real Estate Market News

Rental real estate a huge opportunity to make money
Tap into new US trend of renter society!

Rental Property Finances 101 – An introduction
Guide to crunching the numbers!

Home energy tax credits – Do not let them slip away
Which upgrades land a tax credit?

Foreclosures jump again
Pick a foreclosure bargain today!

Real Estate Finance News

Refinance to lower your loan payments
See how much you can save?

Lower your loan payment under new federal program
Check whether you qualify?

International Real Estate News

Cuban real estate – Own a home on the island
Is it time to tap into bargains?

Live the life of rich and famous in London
Buy a dream home in London!

Check out the TReXGlobal Blog for the latest news, trends, and buzz!

Have some cool real estate news you want us to share? Send us your articles!

Follow ⇒

inRealty Monthly e-News from Curt and Shannon

2011-11-15T09:22:00.001-08:00

http://bradbergamini.com or http://everythingprescott.com

Dear Brad,

Can you believe it's already November? The year has flown by. Back in January, analysts were predicting rates to rise in 2011. Yet, the opposite has happened.

It's a great time to take advantage of a strong buyer's market. Whether purchasing a home or refinancing, exceptional mortgage solutions are available.

There's much to be grateful for in our lives. Happy Thanksgiving!

Curt and Shannon
curt.dalpiaz@AcademyMortgage.com

The Dalpiaz Team
Curt and Shannon
141 S. McCormick Street Suite #107
Prescott, AZ 86303
Ph-928-777-8971
curt.dalpiaz@academy.cc
shannon.dalpiaz@academy.cc
LO License-#0912851 LO NMLS-#151454

Market News & Trends Links to stories on market news, trends & useful tips		Newsworthy Homes Celebrity homes on sale and other noteworthy properties
Market Figures Key industry data summed up in a graph, chart or table		Technology Review Reviews of the latest gadgets & technology

Market News & Trends

Newsworthy Homes

Rise in Short Sales May Boost US Home Prices – Bloomberg

Ellen DeGeneres Selling Beverly Hills Home for $49m – LA Times

Conditions Are Right For Homebuyers Thinking Long-Term – SmartMoney

Tom Brady Selling Boston Apartment for $10.5m – Zillow Blog

Home Builder Confidence Rises Four Points in October – NAHB.com

For Sale: Homes of Star Athletes – Time Moneyland

Mortgage Payments Today Vs. 30 Years Ago – REALTOR.org

Ben Stiller Sells Part of Hollywood Home for $7.325m – LA Times

Market Figures

National 30-Year Fixed Mortgage Rate (Past 3 Months)

Source: Zillow.com

Technology Review

	iPhone 4S MSRP: $199 (16 GB)
'The iPhone 4S isn't the king of cell phones, but it's part of the royal family nonetheless.' – 4 stars out of 5 from CNET (10/13/11)

'If challengers from the Android or Windows Phone camps were beginning to catch up, then the combination of the iPhone 4S and iOS 5 have comprehensively shifted the benchmark forward.' – SlashGear (10/11/11)
'Is this the best iPhone yet? Yes, of course it is. The iPhone 4S takes the previous king, gives it some more pep and adds on a better camera to boot, all without really gaining any extra weight.' – Engadget (10/14/11)

The material provided is not necessarily the opinion of the sender or the organization they represent. This information is intended for educational purposes only and should not be construed as investment and/or mortgage advice. Additionally, the material is deemed to be accurate and reliable, but there is no guarantee it is without error.

All products are subject to credit and property approval. Program terms and conditions subject to change without notice. Not all products are available in all states or amounts. Other restrictions and limitations apply.

Academy Mortgage Corporation
1218 East 7800 South #100
Sandy, UT 84094
p - 801-233-3700

Equal Housing Lender

It’s Time to Buy a Home!

2011-11-14T12:08:00.001-08:00

It's Time to Buy a Home!

Posted: 11 Nov 2011 04:00 AM PST

InfoGraphic

Inside Lending Newsletter From Theron Wall

2011-11-14T12:08:00.000-08:00

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Theron Wall
Sr. Mortgage Consultant
1575 Plaza West Drive, Suite C
Prescott, AZ 86303
Office: 928.445.8730
Fax: 928.445.1065
Cell: 928.533.7473

For the week of November 14, 2011 – Vol. 9, Issue 46

>> Market Update

QUOTE OF THE WEEK..."Life will always be to a large extent what we ourselves make it."--Samuel Smiles, Scottish author and reformer

INFO THAT HITS US WHERE WE LIVE...Like life, the situation in the housing market depends on what we make of it. Last week, both options were covered in the latest quarterly report from the National Association of Realtors (NAR). The good option: home sales in Q3 rose in all 50 states and Washington, D.C. The negative: the median existing single-family home price rose in only 39 of 150 metro areas, declining in 111 of them. Yet the NAR chief economist pointed out that the sales data was encouraging, because "Home sales need to recover first--only then can prices stabilize."

More good news: inventory levels have been trending gradually down. Good reason for that was offered by NAR President Ron Phipps: "Housing affordability conditions have been at a record high this year, rents are rising and homes are selling for less than the cost of construction in most of the country. For people with secure jobs, good credit and long-term plans, today's conditions will be remembered as a golden opportunity to enter the housing market." Another survey told us a mere 5% boost in prices would motivate 11.7% of owners to sell their home.

BUSINESS TIP OF THE WEEK...Failure is a learning opportunity and nothing creative, innovative or exciting happens without risking failure.

>> Review of Last Week

ARRIVEDERCI, PRIME MINISTERS...Wall Street investors maintained their focus on Europe, but last week the developments were much more positive. Greek Prime Minister George Papandreou stepped down after upsetting everyone by proposing a popular vote on his country's bailout package. Italy's Prime Minister Silvio Berlusconi followed suit on Saturday. Earlier in the week, investor fears of political turmoil were allayed by a successful auction of Italian bonds. Stocks went in both directions, but by the end of hostilities on Friday, the Dow and S&P 500 were up for the week, with the Nasdaq off just a smidge.

Economic data over here was sparse but not terrible. Initial jobless claims came in 10,000 less than the week before, at 390,000. Continuing unemployment claims dropped 92,000 to 3.62 million. The trade deficit shrank in September, which hadn't been expected. And even same-store chain store sales keep gaining, up around 3% from a year ago according to two different surveys.

For the week, the Dow ended UP 1.4%, to 12154; the S&P 500 was UP 0.8%, to 1264; but the Nasdaq slipped 0.3%, to 2677.

The European debt situation also had the bond market experiencing swings in both directions. But when all was said and done, mortgage bond prices suffered a little, as stocks surged on Friday. The FNMA 3.5% bond we watch ended the week down .86, to $101.19. National average mortgage rates were little changed, according to Freddie Mac's weekly survey, staying at their recent extremely low levels.

DID YOU KNOW?... Building Permits reports the number of residential building permits issues the prior month. Investors use it to gauge consumer confidence in the economy. Any weakness suggests consumer spending contraction.

>> This Week’s Forecast

HOME BUILDING, INFLATION, RETAIL, MANUFACTURING... There's lots to ponder this week and high on the list will be Thursday's Housing Starts, expected to be down a bit for October, and Building Permits, expected to be up. We'll also get the Fed's favorite reading on inflation, the Core Consumer Price Index (Core CPI), which excludes volatile food and energy prices, and is forecast to remain under control.

Tuesday's October Retail Sales are predicted up a tad, although at a lower rate than last month. Manufacturing should also be gaining, as measured by New York and Philly indexes, as well as Industrial Production and factory capacity.

>> The Week’s Economic Indicator Calendar

Date	Time (ET)	Release	For	Consensus	Prior	Impact
Tu Nov 15	08:30	Producer Price Index (PPI)	Oct	-0.2%	0.8%	Moderate
Tu Nov 15	08:30	Core PPI	Oct	0.1%	0.2%	Moderate
Tu Nov 15	08:30	Retail Sales	Oct	0.4%	1.1%	HIGH
Tu Nov 15	08:30	Retail Sales ex-auto	Oct	0.2%	0.6%	HIGH
Tu Nov 15	08:30	NY Empire State Manufacturing	Nov	0.0	-8.48	Moderate
Tu Nov 15	10:00	Business Inventories	Sep	0.1%	0.5%	Moderate
W Nov 16	08:30	Consumer Price Index (CPI)	Oct	0.0%	0.3%	HIGH
W Nov 16	08:30	Core CPI	Oct	0.1%	0.1%	HIGH
W Nov 16	09:15	Industrial Production	Oct	0.4%	0.2%	Moderate
W Nov 16	09:15	Capacity Utilization	Oct	77.6%	77.4%	Moderate
W Nov 16	10:30	Crude Inventories	11/12	NA	-1.370M	Moderate
Th Nov 17	08:30	Initial Unemployment Claims	11/12	400K	390K	Moderate
Th Nov 17	08:30	Continuing Unemployment Claims	11/05	3.648M	3.615M	Moderate
Th Nov 17	08:30	Housing Starts	Oct	603K	658K	Moderate
Th Nov 17	08:30	Building Permits	Oct	603K	594K	Moderate
Th Nov 17	10:00	Philadelphia Fed Manufacturing	Nov	7.5	8.7	HIGH
F Nov 18	10:00	Leading Economic Indicators (LEI)	Oct	0.6%	0.2%	Moderate

>> Federal Reserve Watch

Forecasting Federal Reserve policy changes in coming months...The Funds rate should stay where it is through mid-2013, since that's the Fed's stated goal. They're of course betting on inflation remaining under control during that time. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.

Current Fed Funds Rate: 0%–0.25%

After FOMC meeting on:	Consensus
Dec 13	0%–0.25%
Jan 25	0%–0.25%
Mar 13	0%–0.25%

Probability of change from current policy:

After FOMC meeting on:	Consensus
Dec 13	<1%
Jan 25	<1%
Mar 13	<1%

Weekly Market Update from Curt and Shannon

2011-11-14T11:21:00.001-08:00

November 14, 2011

The Dalpiaz Team
Curt and Shannon
141 S. McCormick Street Suite #107
Prescott, AZ 86303
Ph-928-777-8971
curt.dalpiaz@academy.cc
shannon.dalpiaz@academy.cc
LO License-#0912851 LO NMLS-#151454

Hello Brad,

Can you believe we're more than halfway through fall? As market conditions fluctuate, I'm here to make sure that you're receiving quality updates and information. As always, my goal is to make a difference in the successful completion of your real estate transactions.

Please let me know if there's anything I can do to help. It would be a pleasure to hear from you.

Sincerely,

Curt and Shannon
curt.dalpiaz@AcademyMortgage.com

New Leadership in Italy and Greece

Highlights

Average 30 yr fixed rate

Stocks (Weekly)

	Weekly Jobless Claims fell to 390K, the lowest level since April
	The Fed's Plosser argued against allowing inflation to rise to boost the economy
	Italian bond yields rose to the highest levels since the Euro was launched
	Oil prices climbed to $97 per barrel, the highest level since July

This week: +0.10%

Dow: 11,850 -50

Last week: -0.10%

NASDAQ: 2,625 -25

With little economic data in the US last week, events in Europe were the primary influence on mortgage rates. During the week, shifting sentiment about the risk posed by Italy caused a high degree of volatility. By the end of the week, though, mortgage rates were little changed from week before.

Italy was the center of attention last week. While an important budget vote passed, Prime Minister Berlusconi failed to gain the support of a majority in Parliament. As a result, he agreed to resign. Italy will either hold special elections or will be ruled by a national unity government, a temporary coalition. Investors believe that a national unity government might be better able to implement politically unpopular austerity measures. The rapidly shifting events in Italy have had a significant impact on global financial markets and likely will continue to do so.

In Greece, an agreement was reached to form a coalition government, which is expected to accept the terms of the European Union bailout package. The Greek Prime Minister voluntarily resigned, and a new leader was named.

Bigger picture, the fundamental questions in Europe remain the same. Will the weaker countries make the sacrifices necessary to cut spending and will the stronger countries be willing to pay the cost of the bailout? As perceptions change for the likelihood of the spread of the European debt troubles, investors will continue to shift funds between relatively risky assets and safer assets. US government guaranteed mortgage-backed securities (MBS) are considered to be less risky assets, and changing demand for MBS will keep mortgage rates on the move.

The most significant economic data this week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of 'intermediate' goods used by companies to produce finished products and will come out on Tuesday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Wednesday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Retail Sales will be released on Tuesday. Retail Sales account for about 70% of economic activity. Industrial Production, another important indicator of economic growth, will come out on Wednesday. Housing Starts and Philly Fed will be released on Thursday.

The market commentary material provided is from a third party vendor, MBSQuoteline, and is not necessarily the opinions of the sender or the organization they represent. This information is intended for educational purposes only and should not be construed as investment and/or mortgage advice. Additionally, the material is deemed to be accurate and reliable, but there is no guarantee it is without error.

Equal Housing Lender

Weekly Market Update from Curt and Shannon

2011-11-14T11:15:00.001-08:00

November 14, 2011

The Dalpiaz Team
Curt and Shannon
141 S. McCormick Street Suite #107
Prescott, AZ 86303
Ph-928-777-8971
curt.dalpiaz@academy.cc
shannon.dalpiaz@academy.cc
LO License-#0912851 LO NMLS-#151454

New Leadership in Italy and Greece

Highlights

Average 30 yr fixed rate

Stocks (Weekly)

	Weekly Jobless Claims fell to 390K, the lowest level since April
	The Fed's Plosser argued against allowing inflation to rise to boost the economy
	Italian bond yields rose to the highest levels since the Euro was launched
	Oil prices climbed to $97 per barrel, the highest level since July

This week: +0.10%

Dow: 11,850 -50

Last week: -0.10%

NASDAQ: 2,625 -25

Equal Housing Lender

Call for Action: Please Call On Your Senator to Restore Mortgage Loan Limits

2011-11-07T12:14:00.001-08:00

Please call your Senator to ask their help to restore the loan limits. They need to hear from YOU today.

The Restoration of the FHA Loan Limits is vital to both home ownership and our economy.

On October 1 the mortgage loan limits declined in 669 counties in 42 states. This immediately reduced mortgage liquidity and home buyers’ ability to obtain a mortgage. The House and Senate are now deciding whether or not to restore the loan limits. The restoration of the loan limits to their prior levels has been included in an Appropriations bill being deliberated by Congress this week.

Your Senator is a member of the group of Congressional leaders who will decide whether Congress will restore the loan limits. This is why they need to hear from you today.

Please call your Senator's office to ask that they support the restoration of the loan limits in the Appropriations Bill.

Why is this so important? Without the restoration of the loan limits the availability of safe, affordable, reliable mortgage financing will continue to diminish. If this happens, many of your clients run the risk of being priced out of the American Dream of home ownership. Even worse, this could hold back the housing recovery.

This Call for Action requires you to do something a little different. In order to track the calls we are making to Congress, we need you to follow the link and enter your email, phone number and zip code to be connected to your Senator's office. You can make this call now, or later today, but we need you to make this call. Congress can act at any time.

After you enter the information and hit the button "Click to Call" you will receive a phone call with instructions before being patched through to Capitol Hill.

I am ready to make my call.

Here are some suggested talking points for you to use when you call:

I am a constituent and a REALTOR®.
Housing markets are fragile. I am on the front lines and can assure you that buyers are having a hard time obtaining mortgages, and sellers are having a hard time selling.
I strongly urge you to restore the mortgage loan limits.
This is not just a high cost issue. Mortgage liquidity has declined in nearly every state.

If you call outside of office hours, please leave a voicemail communicating the message above.

This call is important. We must speak loudly and clearly with one voice to ensure the further recovery of our economy and the housing market and educate every legislator why Home Ownership Matters. Please call NOW and tell your Senator to support Home Ownership by restoring the loan limits.

On behalf of the NAR Leadership team, thank you for your support and time.