I suspect there’s kind of quid pro quo going here. It’s very likely that even though there are specific services that a home buyer may look for in a neighborhood, the opposite is true as well… retailers consciously place their business establishments where they believe the majority of their clientele already live. So simply plopping… Read More
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
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
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
Builder confidence in the market for newly constructed single-family homes rose three points in October to a level of 64 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This month’s reading is a return to HMI levels seen at the end of the housing boom in late 2005. “The fact that… Read More
