Mike DelVero's (mikedelvero) Blog

I call Arizona's last 10 years the real estate ‘gold rush' ....   yes, a lot of money was made; and lost. However, let's remember that we could be at the begining of a new GOLD RUSH think about buying a home if you meet these Top 5 reasons to buy a home. (the order is different for everyone) a Ho...

Hold on a moment, John McCain supporters (whihc we all are here in AZ) President Bush said Saturday that Americans may have cause this Labor Day weekend to start worrying less about the nation's -- and their families' -- economic health. "There have been some recent signs that our economy is begi...

The economy "growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home. The Commerce Department reported Thursday that gross domestic product, or GDP, increased at a 3.3 percent annual rate in the April-June quarter. The revise...

Phoenix and Scottsdale area lenders are tightening their lending practices. It is increasingly more and more difficult for home buyers to get loans. Now 100% loans, or ‘majority financing‘ is a very limited option, buyers and sellers have to be creative to get real estate transaction closed. Ther...

As a Real Estate Agent here in Scottsdale and the towns around Phoenix, I am asked by many sellers whether or not they should upgrade their homes in order to help them sell more quickly. Now, I know there are differing opinions on the subject. A well respected Associated Press author, J.W. Elphin...

Nationally, there are a record number of builders going broke and looking to the U.S. bankruptcy court for protection from creditors. The Arizona Department of Real Estate is now posting information on builders who are in bankruptcy or are having financial difficulties so consumers can make infor...

Yesterday, I visited a wonderful community just north of Phoenix in the town of Peoria called Sonoran Mountain Ranch. The particular builder , Camelot Homes , is one of the most respected and desired custom builders in Arizona with luxury communities throughout the state from Scottsdale to Chandl...

  If you are one of the 2 to 3 million Americans who may face foreclosure. .... you should... Know your Options if you are facing foreclosure : In Phoenix | Scottsdale and all of Arizona, we use Deeds of trust, not mortgages, which change some of your options you may have in other states. First ...

in the past several weeks, many large financial institutions and major depositor banks have been giving indication into the current and future financial impact into their impact of the sub-prime debacle. Many large banks, if not all, were extremely hard hit by exposure to sub-prime mortgages and ...

short sales, foreclosures, or (REO) bank owned properties.  there are many differences. The "Short Sale" is the buzzword of the day. Unfortunately, many, if not most "short sale"  listed in the MLS are not approved "short sale" The real estate agents, just take a listing, and market and advertise...