The article below mentions what I believe is the biggest obstacle renters encounter when thinking about buying a home… down payment. Here in Arizona there are several fantastic options for down payment assistance, sometimes covering the whole thing. There’s also the zero down VA loan for Veterans or Active Military members. Combine any of these… Read More
Economy
Construction Employment Increases as Firms Struggle to Keep Pace with Growing Demand
Construction Employment Increases as Firms Struggle to Keep Pace with Growing Demand Construction employment increased in 243 out of 358 metro areas, was unchanged in 43 and declined in 72 between January 2015 and January 2016, according to a new analysis of federal employment data released this week by the Associated General Contractors of America…. Read More
2016 Outlook Mirroring Previous Year as Home Prices Increase 6.3 Percent Year over Year
The predicted positive outlook for 2016’s Real Estate Market is already proving accurate. Both resale housing inventory and builder confidence are up, and home-buyer activity is significantly above average for the first month of 2016. A “normal” price increase for the market nationwide has historically been 5-7%. Home prices nationwide, including distressed sales, increased year… Read More
Foreign Investors Rush to Snap up U.S. Housing
By Wolf Richter Wealthy, very nervous foreigners yanking their money out of their countries while they still can and pouring it into US residential real estate, paying cash, and driving up home prices – that’s the meme. But it’s more than a meme as political and economic risks in key countries surge. And home prices… Read More
Busting First-Time Home Buyer Myths
When buying a first home, most people are making one of the biggest purchases of their lives. Without home buying experience, it can be difficult to separate fact from fiction. Get the facts on these common first-time home buying myths: Myth – It takes a 20 percent down payment to buy a home. Reality –… Read More
The delicate balance between preservation and momentum.
Being a Gilbert, Arizona resident, I found this article more than noteworthy. In a post on Arizona Republic’s website referencing the inevitable forward progress of life in our thriving Valley of the Sun, Dale Hallock writes, “With all the congestion in downtown Old Gilbert today, it would be nice to have a back way across the… Read More
Scottsdale Condo/Apartment Boom – Phx Business Journal
I’ve noticed a flurry of condo and apartment activity in Gilbert as well. Looks like the economy is truly back. Now we need FHA come around to reality. FHA regulations on condo lending are ridiculous! ~Bill June 24, 2015 by Mike Sunnucks Phoenix Business Journal More than 6,000 apartments and condominiums are under construction, in… Read More