Phoenix Real Estate Blog

Fannie Mae announced last week that it would "lock out" borrowers from obtaining a new loan for seven years if they choose to "strategically" default on a mortgage they could have afforded. This is a trend in the mortgage industry which has been working to prevent borrowers who can afford their m...

I love Tempe. So I was especially happy when I read in the Arizona Republic that a Seattle company purchased the Gateway building in downtown Tempe. If you're not familiar, it is the eight-story building located at Mill Avenue and Third Street. It is the first acquisition that Vulcan Real Estate ...

Whether you are heading to a second home to escape the summer heat or are looking to spruce up your home furnishings for a home sale, finding furniture for a decent price can be difficult. In order to reserve your cash for more important things, I have put together a few resources that might be h...

Finally!  In cased you missed the article in today's Arizona Republic, arrests and prosecution of those committing mortgage fraud are on the rise. Since the beginning of March, there have been 51 Arizona indictments with 13 convictions. Meanwhile, a recent Businessweek article reported that a man...

There has been a lot of data recently to support the notion that the real estate market is stabilizing. And last week, the amount of customers applying for mortgages jumped 18 percent. Yet another sign that the market is becoming stable. These new numbers are from the Mortgage Bankers Association...

The school year has ended and that means many things for those of us in Phoenix: warmer weather, summer vacations and - for many people - moving day. Most families move during the summer when their children's school is closed. Therefore, I thought this time of year would be a good time to offer s...

I've been reporting a lot of data recently and today I'm sharing even more stabilizing news in the Phoenix real estate market. According to the most recent S&P/Case-Shiller Home Price Index, prices of Phoenix homes slipped just a half a percentage point in March and are up 2.4 percent from March ...

Last week, I reported on recent data of foreclosures in the Phoenix real estate market. If you remember, April foreclosures were down 2 percent nationally (year-over-year). This was the first annual decrease in five years. Well, data released today reported that foreclosures in the Phoenix-area r...

According to my car thermometer, it was 111 degrees today. That's hot. Which made me think about swimming pools and the often asked question, "Is a pool a value-add to my home . . . or a money pit?" I work with some home buyers who really want a pool, imagining a future of weekend swim parties an...

If you haven't heard already, Fannie Mae and Freddie Mac announced on Tuesday their versions of the Making Home Affordable Foreclosure Alternatives (HAFA) program. These are the latest in a string of programs designed to help borrowers avoid foreclosure. They take effect August 1 of this year and...