FHA graph for mortgage activity - Bill Salvatore, Realty Executives East Valley - 602-999-0952

Mortgage Applications Drop 11 Percent

Mortgage Applications Drop 11 Percent Mortgage applications decreased 11.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 22, 2016. The Market Composite Index, a measure of mortgage loan application volume, decreased 11.2 percent on a seasonally adjusted basis from one… Read More

1295 S Sandstone St, Gilbert AZ - Spacious Kitchen, 42" Cabinets - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties 602-999-0952

Video: The Top Six Most Useful Kitchen Additions

Video: The Top Six Most Useful Kitchen Additions There are enough fantastic kitchen doodads out there to make most existing kitchens as user-friendly as brand new! Here are a few really useful additions. For your convenience we’ve provided a printed transcript just below the video. Transcript: The Top Six Most Useful Kitchen Additions Welcome to… Read More

Blue report book and graph with upward arrow next to a house for sale. Real Estate Market, Report, Update, Statistics - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties 602-999-0952

Low Inventory Dictates Direction of Real Estate Market in the Phoenix Valley

The inventory of homes for sale in the Greater Phoenix Valley is paralleling a similarly reduced demand, resulting in a static resale market. Not really surprising considering the beginning of the new school year. If history is a predictor, the real estate market will pick up briefly before the holidays and resume ‘normal’ activity sometime… Read More

downward red arrow on top of house silhouette with dollar bill in background - Low Mortgage Interest Rates - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties - 602-999-0952

Mortgage Rates Hover over Historic Lows but Maybe Not for Long

Mortgage Rates Hover over Historic Lows Average fixed mortgage rates ticked up slightly across the board but remain near historic lows, according to the recently released Freddie Mac Primary Mortgage Market Survey®(PMMS®). “Post-Brexit volatility tapered off over the last few weeks, allowing interest rates to bounce back a bit from their record and near-record lows,”… Read More

Big key and Dollar Sign - The key your home price, pricing your home

Home Purchase Sentiment Rockets to New High

Home Purchase Sentiment Rockets to New High. First time buyers are not quite squeezed out of the market yet, but they are beginning to see more limited options. The real estate market in Arizona is healthy, with only a slightly lower inventory than would indicate “balanced”. We are still hovering in Seller’s Market territory, however… Read More

Outline of home with smart technology, tablet, phone, thermostat and upward arrow indicating increasing value - Bill Salvatore, Arizona Real Estate - Arizona Elite Properties 602-999-0952

Smart Home Wars: Is Google’s Brillo Gaining on Apple’s HomeKit?

Individual electronic home devices, many of which you’ll find in new construction homes, have been available for several years. The trick is to interconnect all of the separate technology and make it work in unison… the smart home. Both Google and Apple developed systems to do this. I’m not sure this would actually be a… Read More