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

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

Thank You Thursday - Bill Salvatore, Realty Excellence East Valley at Arizona Elite Properties

Superheros are made, not born. A Thank You Thursday nod to Shannon Weber

If you’re one of Shannon Weber’s Superheroes, it’s likely you’ve been ‘caped’. I first read about Shannon in a blog posted by one of my favorite wordies, Seth Goddin. Shannon runs a blog called LoveYou2.org and among other things, she’s an artist, a lover of life and maker of heroes. Shannon introduces San Francisco’s local… Read More

Homeless Veteran - Tucson aims to end homlessness among Veterans - Bill Salvatore, Realty Executives East Valley - 602-999-0952

HUD and VA Find Permanent Homes for 5,200 Homeless Veterans

HUD and VA Find Permanent Homes for 5,200 Homeless Veterans To help end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) are awarding nearly $38 million to help more than 5,200 homeless veterans find a permanent place to call home. The rental assistance announced… Read More

San Antonio, Texas - Japanese Tea Gardens, wood and stone bridge

Discovered: Geographical Sweet Spots for Homeownership

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