Scottsdale Arizona Real Estate Guy

Mortgage markets improved last week as Wall Street’s concerns about the Middle East trumped its fears of inflation. Conforming and FHA mortgage rates in AZ fell to a 3-week low. Last week marked the second straight week in which mortgage rates fell, a streak that follows four straight weeks of cl...

Not all housing reports are sunny, it seems. In its monthly New Home Sales release, the U.S. Department of Commerce showed a 13 percent drop-off in annualized new construction sales between the months of December and January. It’s the biggest one-month drop in New Home Sales since May 2010. In ad...

Home resales rose another 2.7 percent last month, according to the National Association of REALTORS® monthly Existing Home Sales report. An “existing home” is a home that’s been previously occupied and is not considered new construction. The number of existing homes sold on a rolling 12-month bas...

Mortgage rates are up 0.875% since mid-November, causing home buyer purchasing power across Scottsdale to fall more than 10 percent since. Persistent concerns over inflation are a major reason why and this week’s Consumer Price Index did little to quell fears. CPI rose for the third straight mont...

Homebuilder confidence in the market for newly-built, single family homes appears stable as the spring buying season gets underway in Mesa. The confidence reading is recorded and reported monthly by the National Association of Homebuilders. For the 4th straight month, the group’s Housing Market ...

Mortgage markets worsened terribly last week. Amid more reports of an improving economy and fears of pending inflation, mortgage rates skyrocketed to their highest levels since April 2010. According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tacki...

Arizona has long attracted citizens from all over the world due to its mild climate, affordable home prices and high Quality of living. Best known for its views of the Grand Canyon, its "painted" desert landscape and colorful sunsets, Arizona is one of the Four Corner states in the U.S. southwest...

Buying a home with a boyfriend, girlfriend or business partner can be risky -- Well much more risky than buying a home with a spouse. This is because, with respect to Estate Planning, and liability, married homeowners typically get federal and state level-protection from which non-married homeown...

Mortgage markets worsened last week as Wall Street came to terms with the expanding economy; and realized the Federal Reserve may be trying to induce inflation. Better-than-expected retail sales and positive job growth buoyed stock markets and sank bonds. Mortgage rates in AZ rose for the 4th tim...

Mortgage lending appears to be loosening. At least for now. In its quarterly survey of member banks, the Federal Reserve asks senior loan officers around the country whether their “prime” residential mortgage guidelines had tightened within the last 3 months. A prime borrower is one with a well-d...