Scottsdale AZ Foreclosures

30-year fixed-rate excellent!

Michael Dougherty — Wed, 12 Oct 2011 21:40:51 +0000

30-year fixed-rate still below 5% Rates for ARM loans also at 5-year lows

For borrowers with good credit and cash for a downpayment, mortgage rates remained at or near record lows this week, according to Freddie Mac’s latest weekly rate survey.

The survey found rates on 30-year fixed-rate mortgages averaged 4.75 percent for the week [...]

It’s a Great Time to get a Mortgage!!

Michael Dougherty — Wed, 12 Oct 2011 16:08:14 +0000

Mixed economic news that continues to lead the headlines has helped to keep low mortgage rates stable. Financial troubles in Europe has left investors busy each day waiting to see if Greece will default or a rescue plan will be implemented. Here in the U.S., even a negative report that is not considered terribly bad [...]

Lennar unveils its ”NextGen” home design in Gilbert

Michael Dougherty — Tue, 11 Oct 2011 17:06:19 +0000

By John Stanley – Oct. 8, 2011 06:04 AM The Arizona Republic

Nearly a third of American adults are “doubled up,” with two or more adult generations living in the same home, according to the U.S. Census Bureau.

That’s good news for Lennar Homes, which last month unveiled its “NextGen” home, designed specifically to allow [...]

Twitter Weekly Updates for 2011-10-09

Michael Dougherty — Sun, 09 Oct 2011 19:58:00 +0000

http://t.co/8ssVAnzh #

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Phoenix Foreclosures with median price climbing!

Michael Dougherty — Sun, 09 Oct 2011 15:04:07 +0000

Foreclosure future

Metro Phoenix foreclosures have been declining slowly since early 2010.

When foreclosures slow, an area’s home prices should start to rebound or at least stabilize, real-estate analysts say. Some metro Phoenix neighborhoods are starting to see signs of a recovery.

The housing market is too big to follow just one trend, and [...]

Home Affordability at all time low!

Michael Dougherty — Mon, 11 Apr 2011 13:17:03 +0000

Securing a mortgage today might still make sense for you as interest rates continue to hover near historic lows, especially if you plan to stay put long term. A popular affordability index is also near its November 2010 record low.

It all depends on your goals, income and credit history—and thus your ability to secure [...]

Declining Prices in Phoenix

Michael Dougherty — Mon, 16 Aug 2010 15:08:17 +0000

The search for a recovery in metro Phoenix’s housing market began in April of last year.

Prices had shot up more than 50 percent during the boom of 2004-06, then collapsed amid a mortgage crisis and a local, national and international economic crash.

April 2009 brought the bottom. With the median sales price at $119,900, [...]

Buyers are downsizing!

Michael Dougherty — Fri, 18 Jun 2010 13:40:09 +0000

In an announcement this week, the National Association of Home Builders reported that smaller homes are gaining traction among buyers. That’s in contrast to attitudes during the housing boom, when many people bought as much house as they could afford. That mindset seems to have changed, at least among singles — 68 percent of survey [...]

Investors come see Phoenix’s Amazing Opportunities!

Michael Dougherty — Thu, 17 Jun 2010 22:09:33 +0000

Investors - Phoenix, Arizona bank-owned properties are available now at great prices. These Phoenix, Arizona residential investments are in a great position to recover quickly and could earn an nice capital gain for a smart investor. This could truly be the best opportunity to create wealth in a generation. You can get 10-15% return on [...]

A Foreclosure Buyer’s Guide to Property Repairs

Michael Dougherty — Wed, 26 Aug 2009 12:48:58 +0000

By Rick Sharga, Vice President of Marketing for RealtyTrac

One of the most overlooked and underestimated expenses involved in the purchase of a home is the cost of repairs. Whether the problem is a defective part in an appliance, a structural problem overlooked by the home inspector or just Murphy’s Law making its presence [...]