Monthly Archives: October 2015
Money-Saving Tax Benefits for New & Long-Term Homeowners
Buying and owning a home is not only an important step in life, it’s an area rich with benefits when it comes to filing an annual tax return. Article
How Do Homeowners Accumulate Wealth
Great article from Chief Economist, Lawrence Yun, National Association of Realtors. The differences between buying and renting are massive. According to the Federal Reserve, a typical homeowner’s net worth was $195,400, while that of renter’s was $5,400. …Read More
Top 3 Reasons Why Americans Want to Own
The top reasons Americans say they want to own a home: The opportunity to build equity, the desire for a stable and safe environment, and the freedom to choose their neighborhood. Read More
Canadians on the move…Can you say Ka-Ching?
Canadian homebuyers are retreating from metro Phoenix. It’s “for sure.” At the recent exchange rates, the loonie is trading at about 77 cents to the U.S. dollar. Canadians are cashing in. Article
How the mortgage process just changed
New changes to the loan closing process has started as of October 4th. As a precaution, we are adding an extra week to our closing dates while the Lenders and Escrow Officers adjust to these changes Continue reading
Buyers – Real Estate Scam costs Rhode Island couple $13k
Experts say this scheme is very sophisticated, and anyone who’s in the market for a new home needs to be on alert. Worth the read: http://www.turnto10.com/story/30190372/real-estate-scam-costs-ri-couple-13k
September 2015 Market Statistics – Single Family Homes – Maricopa AZ
*Annual Median Appreciation = 4.8% (Cromford Report) *Seller’s market due to low inventory. We currently have 2.65 months of inventory available for sale. A balanced market has 4-6 months of inventory. *Average List Price: $172,568; Average Sold Price: $170,481 (up … Continue reading
5 Things They Never Told You About Your Home Loan
After the Great Recession, we had hoped the loan industry would have changed a bit…but Lenders are still about selling the Buyer the highest loan they can afford. The good news is our buyers are more educated than ever. Check … Continue reading
