Today, at the State of the State Address, Governor Janet Napolitano announced her three-step plan to address Arizona’s “subprime-lending debacle.” In her address, she outlined a 3-step plan: First, the Department of Real Estate, at my direction, has created the Homebuyers’ Bill of Rights. It is available now, on the Web and in print, and [...]
From the monthly archives:
January 2008
This real estate article by Steve McLinden at Bankrate.com is so appropriate for today’s market. A must read!
To start off the new year, I’ve been working on getting another blog going where I can focus more on the life and times of my local community — McCormick Ranch. And today, it’s time to share the baby beginnings, weighing in at just a few ounces, but destined to grow much bigger. Please, take [...]
Was sitting in my car southbound on Scottsdale Road, waiting for the light to change so I could turn east onto McCormick Parkway (aka one of the prettiest roadways in Scottsdale), and took a quick photo of the new McCormick Ranch signage. Nice.
Paul Wakefield at Security Mortgage Company emailed me his Friday update, with some helpful info for today’s home buyers. “Contrary to the Media” 0 Down programs are still available for home buyers, and sellers can even contribute between 3% & 6% towards closing costs. Stated income loans are still available, even up to 95% LTV. 90% [...]
After the extremes of recent years, I’m looking forward a more balanced real estate market. Here’s what the Arizona Republic had to say about Scottsdale’s real estate future this morning. I just did a quick check in Arizona Regional MLS, and as of this morning: There are 5,617 active listings in Scottsdale 45% of these listings are vacant 371 [...]
I keep a running spreadsheet of some specific Maricopa County MLS stats, and today I was comparing January 4th, 2007 with today. It’s a different picture, that’s for sure. Date Active Listings Vacant Contracted Listings 1-4-2007 36,425 17,219 4,969 1-4-2008 45,653 22,884 3,233 From this data, I’ve calculated that: The number of homes for sale [...]
