Right off the bat I want to set your mind at ease. The Real Estate market does not appear to be in crash mode, at least not of the 2008 variety with which we are all painfully familiar. This is an adjustment, admittedly an unusual one. I know… I too roll my eyes at the… Read More
Along with routine monitoring of local and national Real Estate market data, we closely follow changes in home loan trends, lending regulations and most notably mortgage interest rates, since developments in the mortgage industry directly affect our clients, both home buyers and home sellers. The sharply rising rates spouted in many ominous predictions for 2019,… Read More
Consumer Confidence Up: As Goes Arizona, So Goes the Nation. Consumer confidence kept improving in August, posting a 122.9 reading in the latest Consumer Confidence Index® from The Conference Board. The Expectations reading of the Index rose to 104.0, while the Present Situation reading rose to 151.2. July’s reading was 120.0. As of September 1,… Read More
Congress Considers the Bipartisan ‘New Markets Tax Credit’ Worthy of Permanent Status. There’s very little to create controversy over in the New Markets Tax Credit. What it aims to do is to shore up the economy and housing markets in financially depressed and outlying rural communities. Positive reports are coming out of Alabama, New Mexico, Florida,… Read More
While recent data darkened the growth outlook for the first quarter, April data has experts predicting housing will maintain its momentum in 2016 and be an economic engine of growth. This insight comes from data recently released by Freddie Mac. The report shows that recent declines in mortgage rates have also boosted refinance potential. “We’ve… Read More
