Rising metro Phoenix home prices and mortgage rates are making it tougher for many buyers.
Sunday, December 30, 2018
Help for first time-homebuyers: FHA ups loans limits to $314,827 in metro Phoenix
Friday, December 28, 2018
Couple out $130K in real estate money wire scam
KANSAS CITY, Mo. — Ross and Melinda Fulton live a modest lifestyle.
Monday, December 17, 2018
Here's How Virtual Reality is Transforming Real Estate
While virtual reality and augmented reality may have first been introduced as a means of playing a better game, the technology has been adapted for a variety of other uses. From healthcare to travel, virtual and augmented reality technology is changing how we interact with our world.
Sunday, November 4, 2018
Downtown Phoenix's growing popularity is pricing out many residents
Downtown Phoenix's housing boom is blanketing the area with thousands of new apartments and condominiums.
Downtown Phoenix's rebirth has been decades in the making. Here's how they did it
More construction cranes now dot downtown Phoenix's skyline than ever.
The area's population is surging to record levels, as is the number of employers bringing new jobs to the core of the nation's fifth-largest city.
Tuesday, October 23, 2018
UltraFICO Credit Scores Are Launching in 2019
The biggest shift in three decades is coming to how FICO credit scores are calculated next year.
Saturday, October 20, 2018
'We built it for the big one': How this Mexico Beach house survived Hurricane Michael
Mexico Beach, Florida, was among the hardest-hit locations. The city was almost completely flattened from the storm. However, amid the incredible destruction, one home stood high on stilts above the wreckage, appearing largely untouched and pristine.
Wednesday, October 10, 2018
Need to boost your credit score for a better mortgage rate? Here's how one woman did it.
A good credit score can land you your dream home without a nightmare mortgage.
Generally, a higher credit score will earn you a lower interest rate with most lenders.
Tuesday, October 9, 2018
The Factors Impacting Jumbo and Conforming Mortgage Loans
A new analysis by CoreLogic shows that while contract rates for jumbo loans appear to be lower than conforming mortgage loans on an unadjusted basis, the gap between the two narrows considerably, when the loans are controlled for loan, borrower, and property characteristics.
Once you hit this credit score, going higher is a 'waste of time,' expert says
A 56-year-old government employee from Cleveland named Tom Pavelka had the "highest credit score in America" in 2012, the Daily Mail reported at the time. His near-perfect 848 ranked "higher than 100 percent of U.S. consumers," according to a letter he received from a credit bureau.
West Coast Inventory Levels Starting to Rise
The number of homes available for sale in major West Coast housing markets dramatically increased last month on an annualized basis after more than six years of a shrinking inventory, according to new data from Redfin.
Sunday, September 9, 2018
New home buyers will pay for Arizona's construction worker shortage
Metro Phoenix led the nation for losing the most construction jobs during the housing crash.
Thursday, September 6, 2018
Opendoor Aims to Capture More Market Share
Opendoor, an online marketplace where investors can purchase properties directly from the owners, is expanding its reach across the country, setting a goal of having a presence in 50 U.S. markets by the end of 2020. The company told HousingWire that it plans to operate in 12 new markets in the next year alone. Over the next few months, it will focus on Sacramento, Calif.; Riverside, Calif.; Denver; Portland, Ore.; Austin, Texas; and Jacksonville, Fla. Opendoor says expanding into those markets—along with the 10 cities it currently operates in—will make its service accessible to about 15 percent of the U.S. population.
The Catalyst For A Tech Turning Point: What The Housing Crash Truly Meant
Eighteen years ago, four researchers from Montreat College published a master's thesis detailing the results of a three-month study of "the effects of the internet on real estate" in their county in the spring of 1999. Using direct mail and self-addressed, stamped envelopes, the team surveyed residents of their North Carolina area to determine how internet usage affected their residential real estate transactions. Prior to reporting their results, they set the stage by mentioning a 1995 study, the most recent at that date, by the National Association of Realtors, which cited "consumer demand for more knowledgeable and professional agents" as the biggest need in the real estate industry. The team predicted, "Real estate professionals will no longer be the gatekeepers of real estate information in the future."
Friday, August 31, 2018
The $1 billion price cut: Luxury real estate gets slashed
The most expensive real-estate in America just became a little less expensive — with $1 billion in price cuts among America's top listings over the past few months, according to a CNBC analysis.
Sunday, August 19, 2018
Some not-so-tiny obstacles in the growing market for tiny houses
When Tom Alsani heard about plans for a tiny-home community in St. Petersburg, he got so excited he immediately wanted to know more.
Ready to rent a home? Beware of these new scams
Renting an apartment or a single-family home may seem easier than buying one, especially as so much of the process is now streamlined online.
Friday, August 17, 2018
A New Home for $90,000? Manufactured Housing Is Making a Comeback
While others walked away from manufactured homes, Don Glisson Jr. stuck around.
He's seen the industry's ups and downs in his 36 years working at Triad Financial Services, the third-biggest lender to buyers of factory-made houses in the U.S. The rock-bottom was in the early 2000s, when rival firms were getting fat on subprime loans.
Sunday, July 22, 2018
Rosa Parks family house set for auction next week
PROVIDENCE, R.I. —
The house where civil rights icon Rosa Parks sought refuge after fleeing the South amid death threats is scheduled for auction next week with a minimum bid of $1 million.
Sunday, July 15, 2018
May 2018 Foot Traffic per NAR Research
Demand is unrelieved as supply shortages continue to impede home sales.
Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC. are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future. This infographic shows the latest index data along with trends and changes.
Saturday, July 7, 2018
Leveraging Up The Real Estate Trade
Real estate investment trusts (REITs) and the related exchange traded funds are rebounding. Some of that resurgence is attributable to impressive performances by brick-and-mortar retail stocks, a relevant point because the widely followed MSCI US REIT Index allocates nearly 20% of its weight to retail REITs.
Thursday, July 5, 2018
Top 10 Cities with Million-Dollar Homes
Homes costing over $1 million are not as common as one would think. But there are some cities that have more real estate costing a million dollars or more, according to a study by LendingTree, which ranked the top 50 cities by the share of homes valued over $1 million.
Monday, June 25, 2018
3 Things Home Buyers Should Know About the New Lending Reform Law
On Thursday, President Donald Trump signed legislation rolling back some of the lending restrictions enacted in response to the housing boom and bust. While the new law doesn't entirely do away with those financial reforms, it does have some significant implications for home buyers.
Saturday, June 23, 2018
How to Buy a Home in USA
Nothing says you're truly an American like owning a home. And just over half of all foreign-born households living in the U.S. own their own home.
Sunday, June 17, 2018
FHA loans fall in metro Phoenix, but that may be good for Millennials
Many real-estate agents, lenders and home sellers are seeing more Millennials purchasing their first house in the Phoenix area.
Sunday, June 10, 2018
Central Phoenix Mercedes dealership property turned into new apartments
The longtime midtown Phoenix home of Arizona's first Mercedes dealership has sprouted new apartments.
Friday, June 8, 2018
Brandywine Homes to Hold Grand Opening at Bradbury, a Gated Community in La Puente, Calif., on Saturday, June 9
LA PUENTE, Calif., June 07, 2018 (GLOBE NEWSWIRE) -- Brandywine Homes will hold a grand opening at Bradbury, a new infill community in La Puente offering 45 single-family detached homes on 3.87 acres, on Saturday, June 9. Interested home buyers are invited to view the model homes from 10am to 6pm.
"With easy access to all the urban amenities of Los Angeles and the serenity and safety of a gated community, Bradbury is the perfect choice for young professionals and families," said Dave Barisic, principal in charge of sales and marketing at Brandywine Homes, a pioneer of infill development in Southern California. "We're excited to show homebuyers these beautiful, timeless and low-maintenance new homes."
Bradbury is located at 747 Del Valle Avenue. The gated community, which includes a community recreation area, is offering two-story homes with three bedrooms and three bathrooms.
These stylish residences are designed with Spanish, Craftsman and Farmhouse architecture, and range in size from 1,843 to 2,087 square feet on 2,500-square-foot lots. The homes have great rooms, lofts, private yards, patios and two-car garages. The gourmet kitchens feature large islands with breakfast bars, and spacious master suites include large soaking tubs and walk-in closets.
La Puente, an up-and-coming city with a population of about 40,000, has very limited housing stock. The last new home housing tract was built almost 40 years ago, according to city officials. Close to Puente Hills Mall, Mt. San Antonio College, California State Polytechnic University, Pomona, the Dwight D. Eisenhower Golf Course and more, Bradbury offers convenient access to the 60, the 605 and the 10 freeways.
"Bradbury offers families a very rare opportunity to own a home in La Puente, which is consistently named one of California's safest places to live," Barisic said. "We don't expect these homes to stay on the market for long."
Interested homebuyers can receive more information about Bradbury here.
About Brandywine Homes
Brandywine Homes is a residential homebuilder based in Irvine, Calif., with over two decades of experience in developing challenging infill sites, revitalizing some of Southern California's oldest and most established neighborhoods. Founded in 1994, the family-owned and operated company has built or developed almost 60 small- and mid-sized infill communities totaling $1.1 billion in revenues. The company builds homes that respect and complement the heritage, values and architectural integrity of existing neighborhoods and the people who live there - making a positive contribution to the community. www.brandywine-homes.com. Social media: Facebook, Twitter, LinkedIn, YouTube and Brandywine Blog.
Thursday, June 7, 2018
Freddie Mac Announces the Issuance of a New Five-Year Reference Notes Security
MCLEAN, Va., June 07, 2018 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to issue a new five-year USD Reference Notes® security, CUSIP number 3137EAEN5, due on June 19, 2023. The issue will be priced on Friday, June 8, 2018, and will settle on Monday, June 11, 2018, at benchmark size.
The new five-year Reference Notes security will be offered via a syndicate of dealers headed by Nomura Securities International, Inc., TD Securities LLC and Wells Fargo Securities LLC.
This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac's Annual Report on Form 10-K for the year ended December 31, 2017, filed with the Securities and Exchange Commission (SEC) on February 15, 2018; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2017, excluding any information "furnished" to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information "furnished" to the SEC on Form 8-K.
Freddie Mac's press releases sometimes contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company's control. Management's expectations for the company's future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company's Annual Report on Form 10-K for the year ended December 31, 2017, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company's Web site at www.FreddieMac.com/investorsand the SEC's website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release.
The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMacand Freddie Mac's blog FreddieMac.com/blog.
Monday, May 21, 2018
Buying a rental property: One landlord's advice to potential owners
"Location, location, location" might be the mantra when selecting a promising house or condominium in which to live. But when it comes to purchasing rental homes, other factors also weigh heavily, according to one Phoenix landlord with different types of properties in Las Vegas.
Saturday, May 19, 2018
Yun: What’s Holding Back Real Estate Sales
Short-term and longer-term predictions about real estate markets along with a substantive give-and-take about the proposed association dues increase were among the lively topics at the 2018 REALTORS® Legislative Meetings & Trade Expo on Thursday.
Saturday, May 5, 2018
Freddie Mac outstrips Fannie Mae in multifamily guarantee growth by 19 percentage points
Freddie Mac's multifamily guarantee portfolio grew 30% year-over-year whereas Fannie Mae's grew by 11% from Q1 2017 to Q1 2018.
Tuesday, April 24, 2018
What’s Restricting Home Affordability?
Home prices increased 2.9 percent in February 2018 according to the latest data from First American's Real Home Price Index (RHPI) that was released on Monday. The data revealed that homes became 5.1 percent more expensive compared to the same period last year, even as consumer house-buying power, how much one can buy based on changes in income and interest rates, declined 2.6 percent in February.
Saturday, April 21, 2018
Zillow to start buying and selling metro Phoenix homes
Valley homeowners know Zillow for its online valuations. People either love or hate Zestimates, depending on what it says about their own house.
Where Did Home Prices Rise the Most?
The one thing steady about the U.S. housing market post-Q1 is that it continues to be defined by a dynamic that almost sounds like it's stuck on repeat: historically low inventory is driving fewer sales and rising prices in most markets.
Sunday, April 8, 2018
Where are the most expensive apartment communities in the Phoenix area?
High-income renters looking for prestigious places to stay will find their best opportunities in Scottsdale and Tempe, according to the 2018 edition of the Phoenix Business Journal's Exclusive Apartments list, which was published today.
Glendale's Westgate Entertainment District up for sale
Glendale's Westgate Entertainment District is up for sale with an asking price of $142 million.
Cerberus Sfr Holdings is buying up hundreds of Phoenix-area homes
A single, well-financed buyer has purchased hundreds of lower-end Valley homes in recent months, buying up properties in one of the price ranges with the lowest stock.
Sunday, March 11, 2018
Here's what faster inflation and rising mortgage rates mean for housing
As the March Federal Reserve (Fed) meeting approaches, overall positive economic conditions are troubling those who follow the Fed closely. Many might pose the question, why would positive economic conditions be troubling?
Thursday, March 8, 2018
It's getting harder to find a home to buy. Here's why.
The economy's growing, companies are hiring and 401(k)s are fatter than last year.
House hunters: 6 home-buying tips for the current market
In September 2017, sales of new homes in the United States shot up to the highest level in nearly a decade.
Saturday, March 3, 2018
This simple Sunnyvale home sold for $2 million in only two days
The two-bed, one-bath, 848-square-foot house at 1062 Plymouth Streetin Sunnyvale wasn't even on the market for the length of a long weekend before a buyer dropped $2 million in cash for it—possibly breaking a Sunnyvale record in the process.
Tuesday, February 20, 2018
Venture REI's new platform allows buying, selling real estate online
Following the well-traveled real estate path was never part of Dan Noma Jr.'s business strategy.
Will more Millennials start to buy Phoenix-area homes?
Could Millennials be holding metro Phoenix's new home market back from finally recovering?
Study: Metro Phoenix ranks 9th nationally in unaffordable rentals
Higher rents recently landed the Valley on a top 10 list of U.S. cities where renters have the toughest time stretching their wages to pay rent.
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