by kramoltz@hotmail.com | Aug 24, 2015 | Mortgages + Lending
The volume of jumbo mortgages (loans above $417,000 in most places and $625,000 in high-priced areas) reached an estimated $160 billion in the first six months of 2015 – 36% higher than a year ago, according to Inside Mortgage Finance. Jumbo mortgages comprised about...
by kramoltz@hotmail.com | Aug 17, 2015 | Global Buyers + Foreign Investment
When purchasing homes, Chinese buyers may make decisions with numbers in mind. One number with significance to the Chinese is the number 8, which is believed to be a lucky number associated with prosperity and wealth. Condos or homes with the number 8 in them, and...
by kramoltz@hotmail.com | Aug 13, 2015 | Home Buying, Real Estate Facts & Figures
Condo construction nationwide in the 1st quarter comprised only 5.5% of multifamily housing — the lowest ratio since the Commerce Department began tracking this data in 1974. Historically, condo construction averages around 24%. In the metro Phoenix area in 2014, the...
by kramoltz@hotmail.com | Aug 10, 2015 | Global Buyers + Foreign Investment
The emerging markets of Brazil, Russia, India, China and South Africa were identified some years ago as having economies to watch. They were coined the “BRICS”. The next countries to get that kind of name were Mexico, Indonesia, Nigeria and Turkey, shortened to...
by kramoltz@hotmail.com | Aug 5, 2015 | Canada and Canadians, Global Buyers + Foreign Investment
In the 12 months ending March 15, Canadians were once again in first place, purchasing 46% of the homes acquired by global buyers in Arizona, according to the NAR 2015 Profile of Home Buying Activity of International Clients. Arizona was the second most popular state...
