Mortgage interest rates have just hit another new low. Mortgage rates declined for the third consecutive week. The 30-year fixed averaged just above its record low while the 15-year fixed averaged a new all-time record low of 3.11% surpassing its previous low of 3.13% in March 2012. 30 year fixed rate mortgages averaged 3.88% with […]
Scottsdale Homes Hopes You have a Spectacular Easter Weekend
The whole Scottsdale Homes team wishes you have a spectacular Easter weekend with your friends and family. If you are fortunate enough to be in Scottsdale you will enjoy the beautiful weather! Carmen Brodeur JD Realtor Trillium Properties, LLC (602) 791-0536 Carmen@TopScottsdaleHomes.com www.TopScottsdaleHomes.com
Harp 2.0 Home Refinace Program has started in Arizona
The long-awaited federal refinance program called Harp 2.0 finally started on Monday. It will, in theory, allow many people to refinance mortgages and lower payments in spite of owing far more than their homes. Some lenders began taking applications last November. But the federal government had to work out some issues with the program and […]
Scottsdale Real Estate Market Changing Quickly
I recently had the pleasure to attend a presentation of current market statistics by Michael Orr. He is a local authority on Scottsdale home trends. He is the founder & publisher of the Cromford Report and Director of the Center for Real Estate Theory & Practice at Arizona State University W.P. Carey School of Business. His […]
Plaza Lofts at Kierland Selling Quickly
The Plaza Lofts at Kierland Commons have always been very popular with high-end buyers. These condos in Kierland are some of the most desirable condos in Scottsdale. There is a total of 54 units in the 7 story building overlooking Kierland Commons shopping center. The Kierland lofts have experienced a flurry of recent deals. So […]
Cash Investors are Snapping Up Scottsdale Homes
Home sales are up across Scottsdale. This is blatantly obvious in the more affordable Scottsdale neighborhoods. Many families looking for affordable places to live in Scottsdale are getting squeezed out as more and more investors move in. Investors are taking advantage of the market and paying cash. Regular buyers who need a mortgage are losing […]
Valley Housing Market Improving
The Phoenix and Scottsdale housing market improved by almost every measure in February, with an increase in values, an uptick in homes sold and a drop in the number of foreclosures. The Arizona Regional Multiple Listing Service reports that 7,249 homes sold in February, up 1.3 percent from a year ago. “Sales above 7,000 units […]
Buyers Sitting on the Fence are Missing Out
For the past several weeks, I have been sharing statistical information with you showing how the Scottsdale real estate market is changing. This Sunday, the Arizona Republic echoed the sentiment. Sunday’s story recounted the fact that the market has shifted. This perfect storm of shrinking inventory, increasing sales, pent up demand, and shrinking levels of foreclosures, leaves […]
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