Mortgage applications fall to 4-year low as home buyers exit housing market

Many potential home buyers are sitting out the housing market.

The volume of mortgage applications last week fell to the lowest level since December 2014, according to a new report from the Mortgage Bankers Association, providing another sign the housing market is slowing.  Full Article by USA Today

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Taxes – Will You Get a Refund or Owe for 2018?

Here it comes again…closing in on the end of the year also means we need to start prepping for filing our taxes. Check out these two articles from our long-time CPA in Maricopa, Jim Chaston.

Will You Get a Refund or Owe for 2018?

Year-end Tax Planning Is Not Business as Usual; Things You Need to Know

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Coming to Maricopa in 2020: APEX MOTOR CLUB BREAKS GROUND

APEX Motor Club is a private motorsports club and race track. The complex is expected to feature a 4.12 mile racetrack (to be built in two phases), a clubhouse, and 168 garage condos. https://www.apexmotorclub.com/

Reservations for membership with APEX are already being accepted, and the complex is projected to open in early 2020.

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City of Maricopa Real Estate Market Stats – October 2018

Market Commentary:

  • Median Sale Price Per Square Foot is up 11.5% over last year.
  • Active Listings are DOWN 2.7 % and Sold Listings (Closed Sales) are DOWN 11.9% compared to this same time last year.
  • We expect this trend of fewer active listings and closed sales to continue through the rest of 4th Quarter.
For More Detailed Statistics:
Interested in another city? Please contact me for statistics valley-wide.
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No Regrets: 4 Ways to Find the Right Neighborhood

Know what you want—then find it.

House hunters tend to focus on, well, the house. Extra bedrooms, an updated kitchen, a dreamy patio—these things may boost your future happiness while you’re at home, but what about when you walk out the front door?

Here are four ways to avoid neighborhood regret

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Phoenix Valley Affordability Comparison to Other Metro Areas

According to the National Association of Realtor Economic Reporting, Homebuying demand has slowed overall, but in states with strong job growth and affordable house prices, REALTORS® reported that homebuying demand remains “strong” compared to one year ago. This is how the Phoenix Valley compares to other Metro Areas Nationwide.

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What Airbnb Means for Your Mortgage

Using a spare room or your house as a rental? Consider the impact on your mortgage or refinance.  (Shared from our Preferred Lender’s Blog – Rudy Benitez – AnnieMac Home Mortgage)

https://realestate.usnews.com/real-estate/articles/what-airbnb-means-for-your-mortgage

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What does applying for a mortgage involve?

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Courtesy of one of our preferred lenders: 
Rudy Benitez 
Mortgage Loan Originator | NMLS# 279367
Direct Phone: (520) 494-3139
Mobile: (602) 481-3967
Fax: (877) 245-0700
Email: rbenitez@annie-mac.com
AnnieMac Home Mortgage Corp NMLS # 338923
211 N. Florence Street, Suite 102 and 103 | Casa Grande AZ 85122

 

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Cromford Report – Phoenix Metro Real Estate Update as of October 7, 2018

The Phoenix Valley market is beginning to show signs of a slight slow down going into 4th Quarter.  This month’s median sales price is 7.4% higher than the same time last year.  The median sales price is a bit less than the last previous two months (August (8.6%) and September (8.3%)). We are also seeing a slight change in more listings for sale, less homes going under contract than the previous month. This is normal for the last quarter of the year.

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5 Issues You May Face When Inheriting a House

Inheriting a property can come as a shock and may feel like an insurmountable obstacle. In the wake of a family tragedy or death, being the executor of an estate can be especially challenging. And the biggest asset in an estate—and the most difficult to resolve—is usually a house.

Here’s a list of important decisions an executor may face when a house is part of an inheritance

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