Monthly Archives: July 2010

Phoenix North East Valley Real Estate In the News

About a month ago I received an e-mail from my broker asking if there were any agents with cash buyers for the Phoenix Metro area that would be willing to speak with an Inman News reporter. The reporter wanted to know … Continue reading

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Arizona Regional Multiple Listing Service (ARMLS) Reports thru June

In an effort to keep my past, present, and future customers up to date on the Phoenix Residential Real Estate market, below are links to the Arizona Regional Multiple Listings Service (ARMLS) July reports. These reports contain the numbers thru the previous … Continue reading

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FHA unveils 3 new policies, HUD asks public to comment on them

FHA unveiled 3 policy changes today that they believe will boost their capital reserves.  They are as follows: Update the combination of credit and down payment requirements for new borrowers. New borrowers seeking FHA-insured financing will be required to have a minimum … Continue reading

Posted in First time homebuyers, Mortgage/Financing | Leave a comment

Stings and Bites…what you should know

When I moved here from the East Coast, I quickly found out that some of the “critters” in the Valley of the Sun differ significantly from the ones I was familiar with back East. Here is a practical guide to the … Continue reading

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Freeway cameras set to turn off tonight

Redflex Traffic System’s contract with the State of Arizona expires today. At 11:59pm the speed cameras on Arizona freeways will be turned off. To read the full story, click on the following link. Freeway cameras set to turn off tonight … Continue reading

Posted in Phoenix News | 1 Comment

Phoenix Residential Real Estate Market Update thru 6/30/10

Maggie Clark with Equity Title provides a monthly update report with highlights and graphs for the Phoenix Residential Real Estate Market. Below is the text from her e-mail. Further down you can click on the link to see the graphs for major cities … Continue reading

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A Personal Analysis: My homes current market value

I purchased my single family home in Fountain Hills, AZ in October 2004;  it was the beginning of the residential real estate “frenzy” in Arizona. In 2005, the peak in the market, if I had sold my home I should have been able … Continue reading

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New guidelines for choosing appraisers, comps | Inman News

Fannie Mae updates policy and guidelines for appraisals.  Read the full story here:  New guidelines for choosing appraisers, comps | Inman News.

Posted in Buyers, First time homebuyers, Mortgage/Financing | Leave a comment

FHA inspections vs. home inspections | Inman News

I read a great article today from Inman News explaining why it is still necessary to have a home inspection even if the buyer is obtaining FHA financing and they are “inspecting” the property.  Click on the following link to … Continue reading

Posted in Buyers, First time homebuyers, Mortgage/Financing | 1 Comment

Be safe this 4th of July

I received the online edition of the July Newsletter from the Town of Fountain Hills today. It contained an article, “A Few Fireworks Facts to Consider”, that got me thinking that some excerpts from the article would be good information to share … Continue reading

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