Eighty-six percent of the typical bank’s mortgage loans made last year were “qualified mortgages,” according to the American Bankers Association’s 23rd annual Real Estate Lending Survey. Despite an increase in non-QM lending, the survey results revealed that 72 percent of respondents expect the Consumer Financial Protection Bureau’s mortgage lending rules will continue to cause a… Read More
I like the tips in the article below but I might add that for a Seller, sorting and purging personal possessions is best done BEFORE you put your house on the market. As you try to put your home’s best foot forward it’s difficult to be tearing closets, attics and storage spaces apart. In addition,… Read More
In March, U.S. home sellers sold their properties for an average of $30,500 more than their purchase price, a 17 percent average gain—the highest average price gain for home sellers in any month since December 2007 at the onset of the Great Recession. These data are from RealtyTrac®’s March and Q1 2016 U.S. Home Sales… Read More
I remember watching this movie for the first time, like it was yesterday. I was maybe 12 and my cousins told me it was fun and scary… “right up my ally” I thought. They were not wrong, scary it was! Alfred Hitchcock’s original Psycho (1960) has a deceptively simple but unforgettable plot, and Bates Motel… Read More
When you hire “The Builder” to construct your new home, do you know exactly who you’re hiring? The information in the article below is PRECISELY why I tell every new home buyer that I work with, to part with the minimal cost of having a home inspection on a New Construction home. With so many… Read More
In the Phoenix area’s East Valley, four bedrooms, two and a half baths seems to be the most in-demand stat for home buyers right now. You can find other Real Estate market statistics for Chandler, Arizona here. And Gilbert, Arizona Real Estate market statistics for the past week are here. We have market reports available… Read More
This past Saturday there was a massive fire in an apartment complex under construction in the town of Gilbert, AZ. This site is surrounded by heavily occupied residential neighborhoods. businesses and town offices. The fire evolved into a 5 alarm event and according to Arizona News12 over 100 firefighters responded. A large number of police… Read More
Housing market stability is always great news for Realtors, Appraisers and Banks, but the best news is for homeowners. What this really means to homeowners is that the equity you have in your home is growing. Investors are finding that the balance in our Real Estate Market is supporting the logic of investing again. The… Read More
America’s Seniors Hold More Home Equity than Pre-Recession Peak An estimated $140.2 billion increase in the aggregate value of homes owned by seniors drove their share of home equity to $5.83 trillion and fueled the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) to an all-time high in Q4 2015 of 203.20 from 198.53 in Q3. This information comes from data… Read More
A Step-by-Step Guide to Green-Building a Deck (BPT)—There are plenty of ways to go green at home—but one of the most impactful methods is outside: green-building a deck. Whether you plan to install new or refurbish an existing structure, utilizing sustainable materials (and conducting eco-friendly maintenance after the fact) can green your deck, ensuring long-term… Read More
