Hi,
Another new announcement at the end of last week from Fannie Mae.
This is great for some of the first time buyers out there and
anyone looking to purchase a Fannie foreclosed home. Just another
reason that makes buying now worthwhile.
Check out the press release:
http://www.fanniemae.com/newsreleases/2010/4923.jhtml?p=Media&s=News%20Releases
It's February one already?!!!
Make it a ...
At the end of last week a new waiver was announced regarding the
90 seasoning requirement on FHA loans. Since then, every lender
has been shouting this from the rooftops to get the word out. I
think it is a good thing, but also wonder who this will really
benefit. In a way it will benefit us all, but mostly it will
benefit the people that have the money to invest.
First, for those of you ...
Hi,
I have been in Alberta Canada for the last few days doing seminars
for Canadians looking to purchase vacation or investment property
in the Phoenix area. This time of year we always see an influx of
"snowbirds" and vacationers. This year it seems to be bigger due
to a very favorable exchange rate and lower prices in our market.
Thursday evening I did a seminar in Edmonton, held at th ...
Adam Tarr PC, Associate Broker
ABR,CDPE,ePro,RSPS
Citywide Real Estate and Investments, LLC
480-236-7374
adam@WeAreAZRealEstate.com
Hi,
I just read an article from CNNMoney.com that talks about the low inventory levels and rapid sales of REO properties around the country. Although the article doesn't mention the Phoenix area, much of what is discussed is happening here as well. I have mentioned this in my newsletters and blog as well as advising my buyers about the conditions. This market is ever changing and the a ...
Hi,
I typically try to get market statistics out as early in the month as possible. I gather the info myself from the MLS system and provide data that I think you will find helpful. Inevitably, as soon as I do that I receive other data from title companies and other sources that also shed some light on market conditions. Below is a chart put together by a rep at First American Title. The ...
Hi,
I have railed against the media reporting on the real estate market before. And I have another beef. I just read an article on Yahoo.com, that was from smartmoney.com. Unfortunately, I don't think it was so smart. The article was about the top 5 cities to stay away from regarding home purchasing. You guessed it, Phoenix was in there. The problem I have with the article was it's ...