Phoenix Home Sales First Quarter of 2009

Reporting resale single family residences and condos as well as new homes * % Change is from the same period last year MARICOPA AZMA Median Price Sales Volume Community Zip Code 1Q2009 % Chg* $/SqFt 1Q2009 % Chg* All homes $140,000 -39.5% $74 17,070 17.9% AVONDALE 85323 $107,000 -45.3% $55 270 109.3% AVONDALE 85392 $119,000 [...]

Loan Officers: Is A Local Loan Officer “Better”?

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When buying a home, make sure you speak with both local and national loan officers. Are local loan officers better to deal with? It depends!

Dear Prospective Buyer

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Dear Prospective Buyer, I would like to share some ideas with you about finding your future home, including information on deciding on a community to live in and what to look for during a walk-through. When determining the neighborhood you would like to live in, please consider its location approximate to your job as well [...]

FHA To Soon Allow 8000 Tax Credit To Be Used As Downpayment?

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FHA To Soon Allow 8000 Tax Credit To Be Used As Downpayment? Not yet. But maybe soon. Stay tuned for more information on this topic.

NAR Reports on Housing Sales – News & Analysis

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Feb 25, 2009 – Existing-Home Sales NAR Chief Economist Lawrence Yun reports on the latest existing home sales numbers in January 2009. 07:46 minutes March 9, 2009 – Pending Sales NAR Chief Economist Sales Lawrence Yun talks about March 2009 existing-home sales (EHS) survey data at an April 23, 2009 press conference at NAR headquarters [...]

Funding A Loan: How Long Does It Take?

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Lender turntimes are important to think about when choosing a lender. Mortgage brokers have more flexibility with turntimes than mortgage bankers.

USDA Rural Housing Program Changes

There were some changes to the USDA “Rural” Housing Program which still allows 100% financing.  The maximum income limit used to start at $50k/year but that limit has now been raised to $73,600 per year ($97,150 for a family of 5 or more). If you are looking to live in parts of Pinal County, you [...]

Multiple Offers: Get Pre Approved For Better Chances

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When shopping for a home and submitting an offer, many times there are multiple offers in. To increase your chances of being selected, be sure to get pre-approved and not just pre-qualified.