by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending, Real Estate Facts & Figures
First, the good news. Rates on 30 year mortgages matched the lowest level in decades by falling to 4.32%. According to Freddie Mac, this is the lowest rate since 1971. The rate on 15-year fixed loans fell to 3.75%, the lowest since records began in 1991. The 15-year...
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 | Real Estate Facts & Figures
Everybody who knows me know how much I love hockey. I’m a Canadian so it is a genetic issue, I still play twice a week, and I watch every game I can on the NHL Center Ice channels. But I never thought you could analogize my favorite sport to real estate. But according...
by kramoltz@hotmail.com | Feb 28, 2015 | Home Buying, Real Estate Facts & Figures
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,...
by kramoltz@hotmail.com | Feb 28, 2015 | Real Estate Facts & Figures
Year end facts and figures concerning Arizona real estate: Existing home sales showed a healthy gain in November – sales were the highest for that month since 2004! Experts say that was the result of a rush to close before the then expected end of the month...
by kramoltz@hotmail.com | Feb 28, 2015 | Foreclosures + Short Sales, Real Estate Facts & Figures
Arizona’s residential real estate market is schizophrenic right now – a dichotomy of healthy sales in some segments versus years on the market in others. The good news is that lower sale prices overall have allowed buyers once priced out of the market to enter...
