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...
by kramoltz@hotmail.com | Aug 8, 2016 | Home Buying
In The New American Home, Stephen Kim found that Baby Boomers are looking to downsize, and Millennials are choosing style over size. Both are looking for smaller, better appointed homes. As a result, the size of the new American home is shrinking for the first time in...
by kramoltz@hotmail.com | Aug 4, 2016 | Home Buying, Real Estate Facts & Figures
The median lot size of a new single-family detached home sold in 2015 dropped under 8,600 square feet for the first time since Census Bureau’s Survey of Construction started tracking that statistic. This is part of a national trend where both homes and lots are...
by kramoltz@hotmail.com | Jul 11, 2016 | Home Buying, Selling Your Home, Title Insurance + Escrow
Escrow and Title. The 2 main costs charged by escrow companies in Arizona are the escrow fee and the premiums for the title insurance policies. The standard AAR contract used here states that the escrow fees will be split equally between buyer and seller, and the...
by kramoltz@hotmail.com | Jun 20, 2016 | Home Buying, Real Estate Facts & Figures
The metro Phoenix-Mesa-Scottsdale area is one of the metro areas where new-home construction is lagging. According to the National Association of REALTORS®, this may lead to a shortage of new housing stock. NAR measured the ratio of new-home construction to the number...
by kramoltz@hotmail.com | Jun 17, 2016 | Home Buying, Real Estate Facts & Figures
The median home values in many metro Phoenix areas have fully recovered and are near or equal to that of the height of the market in 2006. But there is one important difference between peak prices in 2006 and resale home values today: the cost of money. In June of...
