Americans stepped up their purchases of new homes at the fastest pace in more than 25 years in November, with sales skyrocketing 17.5 percent amid robust demand and a continued shortage of existing homes on the market.
Sunday, December 24, 2017
Single-story, unattached apartments offer house-like amenities
Metro Phoenix's apartment building boom has a different look in the suburbs. You might have driven by one of the new rental complexes and thought it was a new home subdivision.
Construction claws back from recession, 'new normal' still unclear
WASHINGTON – It was what one expert called "the mother of all booms."
Just over a decade ago, Arizona's construction industry was leading the country in residential and commercial building. People were waiting up to a year for a house, even as builders were throwing new homes up on spec for the residents who were flocking to the state.
Sunday, December 10, 2017
First-time Phoenix homebuyer duped out of $73K in real-estate scam
One click. One-tenth of a second later, $73,000 disappeared into the ether and two Phoenix home sales were derailed.
Sunday, November 26, 2017
The CFPB now has two acting directors. And nobody knows which one should lead the federal agency
President Trump and the outgoing head of the Consumer Financial Protection Bureau both named acting directors to head the watchdog agency on Friday, throwing its leadership into disarray.
Saturday, November 25, 2017
Home Sales Are Rising Despite Supply Woes
Existing-home sales in October rose to the strongest pace since earlier this summer, the National Association of REALTORS® reported Tuesday.
Industrial sector shines in latest outlook for commercial real estate market
New sources of demand make the industrial segment the star of commercial real estate, according to Peter Muoio, chief economist and head of research at Ten-X Commercial, the nation's leading online real estate marketplace.
Despite talk, there's no sign of metro Phoenix housing bubble
The dreaded term "housing bubble" has crept back into conversations about real-estate markets with big increases in home values, including metro Phoenix.
Sunday, November 12, 2017
Case-Shiller: U.S. home prices rose in August even as sales slipped
WASHINGTON — U.S. home prices rose sharply in August from a year ago, a trend that is thwarting many would-be buyers and potentially slowing sales.
Wednesday, November 8, 2017
Bill Gates makes $80 million land deal in far West Valley
One of the richest men in the world is about to make a big impression on Arizona. Bill Gates, the second richest man in the world behind amazon.com founder and CEO Jeff Bezos, paid almost $80 million for a huge chunk of property in the far West Valley, according to a report from Business & Real Estate Weekly of Arizona.
Monday, November 6, 2017
OfferPad, loanDepot partner on Scottsdale-based home loan company
Gilbert-based real estate technology company OfferPad has partnered with loanDepot to launch a home loan company to make it easier for customers to buy and sell a home online.
Best,
Lillian Wong
Sr. Loan Officer NMLS 630337
Fairway Independent Mortgage
9308 E Raintree Drive
Scottsdale AZ 85260
480.650.5412
www.lillianwong.net
lillian.wong@fairwaymc.com
Lillian Wong
Sr. Loan Officer NMLS 630337
Fairway Independent Mortgage
9308 E Raintree Drive
Scottsdale AZ 85260
480.650.5412
www.lillianwong.net
lillian.wong@fairwaymc.com
You can become an investor in Phoenix-area apartments for as little as $1,000
Want to invest in a metro Phoenix apartment-building boom?
It could cost you as little as $1,000, about as much as a monthly rent payment.
Phoenix home flips up 16 percent as aggressive investors find bargains
Many metro Phoenix homeowners have a new issue to deal with now that they have equity in their homes again.
Thursday, October 26, 2017
Gundlach: Bond market moment of truth has arrived
Bond guru Jeffrey Gundlach has been sounding the alarm on a Treasury market selloff for some time now. On Tuesday, the CEO and founder of DoubleLine Capital took his warning to a whole new level, after the US 10-year yield crossed the 2.40% level, putting in its highest print since May.
The different ways of jointly owning French property
There are a couple different ways to jointly own French properties. The first is known as "en indivision." This method is the rough equivalent to the English method known as, "owners in common."
Wednesday, October 25, 2017
Realtor finds two dead bodies inside home for sale
A police investigation is underway regarding two dead bodies found by a Realtor inside a for-sale home in Chapel Hill, North Carolina.
Monday, October 23, 2017
How I Fit Costco In My Tiny House — Just Wahls
Two of the most asked questions about tiny living are:
"Is your fridge a dorm-room-sized one?" and
"Do you have to grocery shop everyday?".
"Is your fridge a dorm-room-sized one?" and
"Do you have to grocery shop everyday?".
Costco's Tiny House - Tiny House Blog
Ambershawn recently brought something interesting to my attention, Costco, the big box store, sells a tiny house. It is called the "HomePlace" guesthouse and is one of their many small structures. Costco builds tiny houses, play houses and garden sheds. Personally, I think the Bungalow Garden building would make a perfect tiny house, it ranges in size from 12ft X 16ft to 12ft X 24ft and the costs for what appears to be a shell range from $4,995 to $7,244.
Read more... http://tinyhouseblog.com/blog/page/6/
Wednesday, October 11, 2017
Miami Real Estate Plays Central Role in Argentina Scandal
The Miami real estate market is playing a surprise central role in Argentina's political environment following reports that former President Cristina Fernández de Kirchner purchased more than 60 Miami properties using dubious funding.
Tuesday, October 10, 2017
Metro Phoenix luxury homes: $2 million home has outdoor pizza oven
Elevators, wine cellars and six-car garages are among the luxurious features in this week's priciest home sales in metro Phoenix.
Sunday, October 1, 2017
2 million California homeowners live mortgage-free
Two million Californians are living a dream scenario for the American Dream: They own their home free and clear of a mortgage.
Sunday, September 17, 2017
Illuminating the murky business of Phoenix-area HOA foreclosures
Ask anyone living in a neighborhood managed by an HOA, and you will likely hear a rant.
Wednesday, June 28, 2017
Robots are preparing to fill 200,000 vacant construction jobs
Automation has long been considered the harbinger of future unemployment, and experts have predicted that the widespread adoption of artificially intelligent (AI) software and smart machines could lead to thousands or even millions of people losing their jobs.
Tuesday, June 27, 2017
What to Do When a Tenant Files Bankruptcy
One of a landlord's biggest worries is having a tenant who stops paying rent. When that happens, if the tenant doesn't voluntarily move out, a landlord usually has to go through the eviction process to reclaim possession of the unit.
Sunday, June 25, 2017
Ben Carson Just Made It Easier for Millennials to Buy Their First Homes
Ben Carson, the former presidential candidate known for his calm demeanor who was appointed by President Trump to be the Secretary of Housing and Urban Development, is trying to make it easier for millennials to purchase their first home.
Tuesday, June 20, 2017
8 ways the construction industry can rebuild itself for the 21st century
According to the US National Association of Homebuilders, 82% of construction companies consider their main concern to be a shortage of construction workers. Sure enough, figures show that the average age of the workforce is rising faster than ever: the UK Chartered Institute of Building reports that the number of workers over 60 is increasing faster, and the set under 30 decreasing faster, than any other set.
Monday, June 12, 2017
ATTOM: Home flipping loan volume hits 9-year high
Home flipping finance volume increased in the first quarter of 2017 to its highest point in nine years, according to ATTOM Data Solutions, a multi-sourced property database.
Tuesday, May 23, 2017
BofA opens debate on lowering mortgage down payments
(Reuters) - The head of Bank of America Corp (BAC.N), the United State's fourth-biggest mortgage lender, said on Thursday banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers was cut to 10 percent from 20 percent.
Sunday, May 21, 2017
Can Zillow 'Uber-ize' the hundred-billion-dollar real estate brokerage?
Earlier this month, when Zillow announced a record high quarter, projecting to surpass a billion dollars in revenue by the end of this year, many wondered whether the company, with its 75 percent online real estate audience market share and 171 million monthly users, can "Uber-ize" real estate agents, cutting out traditional brick-and-mortar brokerage middlemen in the same way Uber bypassed taxi dispatchers.
Wednesday, May 10, 2017
Tesla’s Solar Roof Pricing Is Cheap Enough to Catch Fire
Tesla Inc. has begun taking orders for its remarkable solar roof tiles to be delivered by summer at a price point that could be transformative for the U.S. solar market.
Monday, May 8, 2017
Leading Index for Commercial Real Estate Decreases in April
Note: This index is a leading indicator for new non-residential Commercial Real Estate (CRE) investment, except manufacturing.
Sunday, April 23, 2017
Want to own a town? Tiny Oregon community for sale for $3.5M
In the tiny, dying timber town of Tiller, the old cliche is true. If you blink, you might actually miss it.
Saturday, April 8, 2017
HUD cuts: goodbye affordable housing in Arizona?
President Trump's proposed cuts to HUD will do away with the programs that have backed hundreds of affordable homes in Arizona.
Saturday, April 1, 2017
8 top takeaways from MBA Tech
Tech enthusiasts from across the mortgage industry descended upon Chicago this week for the Mortgage Bankers Association's annual tech conference. From blockchain to digital labor, here's a recap of the best moments and insights from the event.
Friday, March 17, 2017
February’s permits for single-family homes peak
U.S. housing starts are on the upswing, despite a lackluster showing from apartment buildings.
Thursday, March 16, 2017
How Fed hike will affect mortgages, car loans, credit cards
WASHINGTON — Are mortgage rates going up? How about car loans? Credit cards?
Saturday, March 11, 2017
White House Weighs a $6 Billion Cut to HUD
The Trump administration reportedly is considering cuts at the Department of Housing and Urban Development of more than $6 billion, which could particularly hit public housing support programs hard, according to The Washington Post.
Tuesday, February 28, 2017
Special Report: How Real Estate Agents Can Live Happily Ever After In Retirement
Real estate agents want their happily ever after: a post-career life with the stability that a bucket of money or residual income can bring. The road to a secure future isn't clearly marked in real estate, the paths at agents' disposal more like winding capillaries — a set of sprawled options realized through careful planning, the earlier the better.
Chinese investors dominate Asian overseas real estate investments in 2016 — CBRE
Chinese investors accounted for almost half of the $60 billion in investments in overseas real estate last year by Asian investors, up sharply from 28% of the $62.4 billion in 2015, according to an announcement Tuesday by real estate services and investment firm CBRE Group.
Gundlach expects US 10-year T-note yield to drop below 2.25 percent
Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday he expects the yield on the benchmark 10-year U.S. Treasury note to drop below 2.25 percent as global investors seek safety.
Thursday, February 9, 2017
Small homes overtaking McMansions as the best kind of investments
Small homes - even ones that measure less than 400 square feet - are becoming increasingly popular.
Read more... http://www.businessinsider.com/are-smaller-homes-valuable-2017-2
Ritz-Carlton project in Paradise Valley will cost $2B, feature largest pool in North America
After long deliberation, the Ritz-Carlton, Paradise Valley has been approved to be built by Paradise Valley Town Council.
The property, under the management of Scottsdale's Five Star Development, is set to break ground in spring 2016 and to be finished by 2018.
Wednesday, February 1, 2017
Blackstone's Invitation Homes raises $1.54 billion in IPO
Invitation Homes, the largest U.S. home rental company, raised $1.54 billion in an initial public offering on Tuesday, the company said, setting the stage for a pick-up in IPO activity in 2017.
Monday, January 23, 2017
USMI Statement on FHA Mortgage Insurance Premium Reduction
WASHINGTON —The Federal Housing Administration (FHA) announced today it will reduce its mortgage insurance premiums (MIPs) by 25 basis points. In November 2016, a HUD official stated there would be no additional MIPs cuts following its annual report to Congress on the financial status of its Mutual Mortgage Insurance Fund (MMIF), which showed it had finally reached its required capital levels after nearly a decade of severe stress. The following statement can be attributed to Lindsey Johnson, USMI President and Executive Director:
How the GOP's tax plan could affect the real-estate market
Until recently, the mortgage interest deduction was right up there with Social Security as a sacrosanct institution on Capitol Hill, protected by lawmakers on both sides of the aisle.
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