by kramoltz@hotmail.com | Feb 28, 2015 | Home Buying, Real Estate Facts & Figures
The numbers are in, and everybody wants to know – what is the latest on metropolitan Phoenix area real estate? Before I give you that, I have to tell you about my vacation. Like many Arizonans, I went to San Diego last month. But unlike normal people who spend...
by kramoltz@hotmail.com | Feb 28, 2015 | Canada and Canadians
In the midst of more news about the continuing struggles of the U.S. home market, the news from Ottawa last week is that Canadian home prices rose 1.3 per cent in May, their largest monthly gain since last September. On an annual basis, prices rose 13.6 per cent and...
by kramoltz@hotmail.com | Feb 28, 2015 | Canada and Canadians, Global Buyers + Foreign Investment
Once again the latest numbers show that Canadians bought more U.S. properties than the citizens of any other country in the U.S. last year – almost one-quarter of the real estate purchased by citizens of other countries in the United States. A few blogs ago I...
by kramoltz@hotmail.com | Feb 26, 2015 | Home Buying, Mortgages + Lending
As of July 1, select home buyers in Maricopa County can take advantage of the Your Way Home AZ program. An offshoot of the HUD for Home Purchase Assistance project, the state version provides eligible buyers with up to 22% of a home’s purchase price. The statewide...
by kramoltz@hotmail.com | Feb 24, 2015 | Mortgages + Lending
Good news on the lender front. First, HUD has reinstated the higher limits on FHA loans that expired 1/1/09. The limit for this government guaranteed loan was $346,250 last year for a single family home. But on 12/31/08, that amount lowered to $271,150.00. The impact...