Phyllis Borchardt's (maricopahomes) Blog

This past week U S News and Investopedia featured the Phoenix area a one of the top cities in the country to purchase affortable housing.  Phoenix This city has one of the strongest economies in the country right now, according to our experts. "Good universities in the area have provided a skille...

At a time when one in eight home owners with a mortgage are "underwater" on the value of their home to their existing mortgage existing loan modifications are failing to prove an incentive for homeowners to stay in place.  This afternoon, I again exchanged information with a home owner who receiv...

I just ran the numbers for the first 24 days of May.  Home sales in Maricopa county continue to surpass the sales of 2008.  For the 30 day period ended May 24, 2009 8,400 homes were sold. This was a 72.5% increase over 2008.  With multiple offers in place for homes in this market the inventory of...

Today's Marketwatch headline:  Existing-home sales fall 3% in March.  Existing home sales in the greater Maricopa/Phoenix market continue to exceed 2008, breaking records; year to-date by 67.7%, in March by 79.8% and April to date at 79%.  Current interest rates, the available distressed homes of...

Today, the National Associate of Realtors advised that across the country existing home sales increased at a rate of 5.l percent from 2008.  Here in Maricopa county sales of existing homes increased by 56%. Over 10 times the increase across the country.    Today's low interest rates, investor an...

Assocuiated Press WASHINGTON - Sales of existing homes rose from January to February in an unexpected boost for the slumping  housing market as buyers took advantage of deep discounts on foreclosures. The National Association of Realtors said Monday that sales of existing homes grew 5.1 percent t...

 Happy New Year!  It was my pleasure to assist my clients relocating from the cold weather in upstate New York with purchasing their new home in Estrella Mountain Ranch. It would be my pleasure to assist you with the identification and purchase of a home in the greater Phoenix area as well. Phyll...

The current trials and tribulations of the home mortgage market stem from a re-pricing of risk (impacting the financial institutions and institutional investors who bear the risk for home loans). There is no shortage of mortgage money - this is not the case; as you have seen on television and/or ...

 Phyllis BorchardtSpecial for The RepublicAug. 17, 2007 12:00 AM Too often, we think a vacation needs to be an extended trip to a faraway place with an exotic name.But there are lots of natural wonders in our backyard, and short overnight trips can be a real shot in the arm to a spirit in need of...

After an eventful couple of weeks for the mortgage industry, you are wondering what it all means to you as you consider your real estate plans. Here are some answers:Q Will I still be able to get a mortgage? A One of the widest-held misconceptions that the current problems will have a negative im...