Phil DePasquale's (sedonarrealtor) Blog

  As much as the First-time Homebuyer tax credits aided home sales in 2009, and with the latest installment of tax credits aiding even 'move up' borrowers it appears that the party is coming to an end.  As a reminder, buyer must sign a contract by midnight April 30th and close by midnight June 30...

Good news according to data released for November homes sales:  sales of existing homes (which make up 86% of all home sales) jumped last month to their highest level in almost three years, which many economists feel may be the latest sign pointing toward economic recovery. The National Associat...

First-Time Home Buyer Tax Credit Ending, But Not For All Potential Buyers The House of Representatives passed a bill yesterday aiming to extend the First Time Home Buyer Tax Credit.  Before you get to excited, it appears that it will only be extended for veterans of our armed forces for up to 6 m...

5 Bedroom 3 Bath expansive 1997 Manufactured Home on 4.61 acres, bordering meanderland and Beaver Creek.  Private well (222 feet) and septic.  Hide away in this light and open, split floor plan home with vaulted ceilings and picture windows in rural setting.  Two sided wood fireplace and front an...

Centrally located in Cornville/Page Springs between Sedona and Cottonwood (10 minutes either way) this creekside retreat is off the beaten path yet close to everything.  Complete privacy, endless days and evenings listening to Oak Creek from the home or from one of two decks that overlook the cre...

3/2 Impeccable home overlooking creekfront, gated community of Oak Creek Valley.  Lovingly used as a vacation home, fully furnished, in move-in condition. 3/2 1400+ s.f. home on approx. .50 acre overlooking Oak Creek Valley.  Cathedral ceilings and niches, split-floor plan, gas fireplace and invi...

Creekfront Retreat, 3+/2.5, 2840 s.f. home on 2.34 acres on Oak Creek. Centrally located in Cornville/Page Springs between Sedona and Cottonwood (10 minutes either way) this creekside retreat is off the beaten path yet close to everything.  Complete privacy, endless days and evenings listening t...

A new bill, led by House Representatives Childers (Republican - MS) and Miller (Republican - CA) has been introduced and is currently in committee (Housing Financial Services). This new bill H.R. 3044, would place an 18 month moratorium on the Home Valuation Code of Conduct (HVCC), which has rece...

It is true, and hopefully not too late to help tens of thousands of U.S. homeowners' hold on to their primary residences. In a release yesterday afternoon, the U.S. Housing and Urban Development Secretary Shaun Donovan  announced an expansion of the Obama Administration's Home Affordable Refinanc...

Is a government subsidized (insured) fixed mortgage rate plan the way to go?  And if so, at what interest rate (assuming a 30-year fixed rate)? What are your thoughts?  What are the positives and negatives?   A recent proposal from Arizona businessman Kenneth Wm. Parker, owner of Parker Propertie...