Blog
Latest NewsN. Mark Kramoltz, JD, GRI, CIPS writes blog articles on the metro Phoenix, Arizona, national and global real estate markets. Written from his perspective as a designated broker and real estate attorney, his articles avoid the inaccuracies and vacuous industry propaganda common to most real estate writings. Due to his love of animals and military history, he also frequently writes about dogs, cats and horses that have played a role in military conflicts. Subscribe to his blog now!
Canadian Currency Update, Part 1.
My last two blogs, Will Foreign Buyers Save Us? Part 1 and Part 2, covered the favorable influence foreigner have had on our Phoenix/Scottsdale area and national real estate market. I discussed the positive impact the exchange rate makes to my fellow Canadians when...
Will Foreign Buyers Save Us (Part 2)?
In Part 1 I discussed the participation of non-U.S. citizens in our real estate market. Foreign buyers have traditionally been a significant part of the residential market in select states. Arizona has been one of those favored states, and should be even more...
Will Foreign Buyers Save Us (Part 1)?
Long before our latest market struggles, there has been a history of foreign buyers for U.S. residential and commercial real estate. But figures from the 12-month period ending the first half of last year show that nationally, international investors bought 10 percent...
Should you Buy Down a Mortgage Loan?
Conventional wisdom by mortgage professionals was to never pay points when refinancing or at the closing of a real estate sale. Mortgage “points” are equal to 1% of the loan amount, and are paid at closing in order to lower a mortgage interest rate. Lowering the...
Decoding Your FICO Score.
For years FICO® scores, and how debt management actions influenced them, were unobtainable by consumers. For years, Fair, Isaac & Co., the creator of the system, wouldn’t give any guidance on how these credit scores were affected by adverse events. There are in...
Is the Phoenix Area the Most Popular?
According to RisMedia (the self-proclaimed leader in real estate information systems), the Phoenix area is the nation’s most popular city for home hunters in 2009. The figures come from ZipRealty, a national brokerage firm. Zip Realty produces a Home Hunter Report,...