Category: Market Analysis
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Buying a Home Now
Smart Money, a part of the Wall Street Journal digital network, is running an opinion piece reflecting on the Obama administration’s proposal to reform the mortgage industry. The article outlines some of the effects that might occur should the proposals be approved by Congress. The effects are broken down to smaller mortgages, higher fees and bigger down payments. The article, which […]
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Now is a Good Time to Invest in Real Estate?
According to a poll running today on WSJ.com 65% of people think it is a good time to invest in real estate. Real Estate Market Sentiment This is not the most scientific poll as it was just posted online but it does give a broad view of the general sentiment about the real estate market. […]
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Selling Your Luxury Home in Scottsdale or Paradise Valley
Today I updated the part of of my site that discuses the services I offer to people interested in selling a luxury home in North Scottsdale, Paradise Valley or surrounding areas. Working with buyers is a lot of fun, I get to help them with finding their dream home and see a lot of beautiful […]
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Home Prices in Scottsdale Affordable Again?
Today the WSJ.com reports that housing in many markets has returned to affordability levels on a par with levels before the recent bubble. Affordability is a measure of both house prices against average annual family income. Based on data provided by Moody’s Analytics the Journal reports: “During the boom, lax lending and speculation pushed house-price […]
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5 Tips For First Time Home Buyers
I read some interesting statistics from the National Association of REALTORS that first time buyers accounted for 50% of home sales in 2010. With prices now seen as more affordable in most markets some renters who have been on the sidelines for a while are obviously getting into the home ownership market. Here’s 5 tips […]
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Thinking of buying a new home soon? Mortgage rates might be on the rise.
If you are thinking to buy a new home in 2011-2012 it might be a good idea to consider starting the process to lock in a mortgage rate below 5%. According to the WSJ.com “Mortgage rates rose in the latest week, leaving the average rate on 30-year fixed-rate mortgages closer to 5%, according to a […]