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!
Get a Free Down Payment.
The AzHFA Home Plus Mortgage Loan Origination Program provides down payment assistance to Arizona home buyers with an annual household income less than $89,000 using a Fannie Mae, 30-year fixed mortgage. The down payment assistance can be used to purchase a home under...
Coyotes Player Loses $$$.
Unlike me, agents have no legal training. Yet they are allowed to prepare contracts. An example of what can go wrong when an agent plays attorney occurred to Coyotes defenseman Zbynek Michalek, who lost a $100,000 cash earnest money deposit when he tried to buy a...
Why People Rent, Not Own, Part 2.
According to the Wall Street Journal, when asked what was their primary reason for renting, 49% of those aged 18 to 34 said they were not financially ready to own. Of those 35 and older, 26% cited that same reason. In the younger below 35 group, 15% said they rent...
Why People Rent, Not Own, Part 1.
A study of renters by Fannie Mae revealed the top 3 reasons that they were renting: a. 57% said it allows them to live within their budget; b. 52% said its less stressful; c. And 50% believed its the best decision given the current economic climate. Next: Part 2 of...
The Builder Tear-Down Boom.
Builders tore down and reconstructed about 55,000 homes - or about 7.7% of all single-family housing starts last year, according to estimates by the National Association of Home Builders. As the housing stock continues to age and builders are hard-pressed to find...
Get Paid to be Energy Efficient.
Did you know there are dozens of energy efficiency incentives, rebates and tax credits available to Phoenix area home buyers and owners? Even installation of an ordinary water heater can qualify. And are you aware that various loan programs will pay for you to make...