Offers and Purchase Agreements - Bill Salvatore, Realty Executives East Valley - 602-999-0952

Latino Homeownership Rate Breaks Away from the Pack

According to an article that I recently read in Realtor Magazine, the Hispanic population makes up a very large and influential portion of our home buying and selling public, so I read the segment below with great interest. Though the government seems intent on spotlighting the barriers faced by specific segments of the US Population,… Read More

New Construction, Discount, New Homes in Arizona - Bill Salvatore, Realty Excellence East Valley - Ariozna Elite Properties - 602-999-0952

Video: Beware of New Home Flaws

The advice in this video is, in my humble opinion, priceless. I always, ALWAYS, suggest that a home buyer have an in-depth home inspection, but very often the buyer of a New Construction home believes that because the home is brand new there can’t be anything to fix. Wrong! Home Builders attention is divided among… Read More

row houses, urban renewal, gentrification - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties

Gentrification: How to Identify Promising Markets

We’ve seen this happening in and around some of the older communities in the Phoenix area lately-urban renewal; small businesses incorporated into residential neighborhoods, the tearing down and rebuilding of older homes, new construction popping up on long-vacant lots, entire blocks being renovated. It’s working well in other major cities. There is controversy here however…. Read More

Eastmark, New Construction Community, Mesa Arizona - Bill Salvatore, Realty Executives East Valley - 602-999-0952

Recent Rise in New Home Purchase Applications

In January, mortgage applications for new home purchases increased by 14 percent relative to the previous month, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data. By product type, conventional loans composed 67.4 percent of loan applications, FHA loans composed 19.5 percent, RHS/USDA loans composed 0.7 percent and VA loans composed 12.4… Read More

Eastmark, New Construction Community, Mesa Arizona - Bill Salvatore, Realty Executives East Valley - 602-999-0952

Builder Confidence Holds Firm in January

By Robert Dietz Builder confidence in the market for newly-built single-family homes held steady at 60 in January from a downwardly revised December reading of 60, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The January HMI reading is in line with NAHB’s forecast of modest growth for housing. NAHB expects… Read More