by kramoltz@hotmail.com | Aug 31, 2016 | Mortgages + Lending
Mortgage rates continue to hover around all-time lows, with the 30-year fixed-rate averaging around 3.43% this week, making this the ninth consecutive week that mortgage rates have been below 3.5%. Want even a lower rate? 15-year fixed-rate mortgages averaged...
by kramoltz@hotmail.com | Aug 29, 2016 | Global Buyers + Foreign Investment, Real Estate Facts & Figures
Canadian buyers accounted for about 6% of the homes purchased in the metro Phoenix area at their peak in April of 2011. Then the Canadian dollar was worth more than ours, and Canadians were purchasing at the bottom of our market. Today, the U.S. dollar buys around...
by kramoltz@hotmail.com | Aug 25, 2016 | Home Buying, Renters and Renting
The National Association of REALTORS reviewed employment growth, household income and qualifying income levels in nearly 100 of the largest metropolitan areas across the U.S., to determine which areas with employment gains above the national average also have the...
by kramoltz@hotmail.com | Aug 23, 2016 | Home Buying, Real Estate Facts & Figures
There were 3.301 closing of new home builds by production builders in the 2nd quarter of 2016 in the Phoenix metro area – a rise of 37% from the same quarter last year.
by kramoltz@hotmail.com | Aug 18, 2016 | Home Buying, Title Insurance + Escrow
PrePaids. These are buyer costs for things like real estate taxes, homeowners insurance, and loan interest. Real estate taxes are prorated between buyer and seller based on what time of the year a closing occurs, and the buyer pays its share up to the date of closing...
