Answers to Questions Plus Insight
Mark your calendar for the next Aviano real estate meeting - 6.1.11 at 6:30 PM at the Aviano community center. Lasts an hour and is free. Bring your laptop and we will go anywhere in MLS land you want to go. Incredibly comfortable chairs. See you then.
I previewed the bank owned Venado yesterday and it is a very nice home that but is almost turnkey. One of the garage doors looks as if it was on fire at some point in the past. There is new paint throughout and some, at one time, very nice berber carpet in there. Travertine tile in all areas except for the kids wing and master bedroom and den. Full wet bar with cooler. All countertops t/o are slab granite. All showers are tile and check out this inlay in the master bath shower. Since you can get 8-10 people in the shower it would be quite the conversation piece.
Gas cooktop, s/s appliances and undermount sink, tiled backsplash to bottom of cabinets, electrical outlet in great room floor ( a $400 option from Toll Brothers), nickel hardware, fire sprinklers in the ceiling, solid core doors, full slider to the backyard from the master, security and intercom system and a casita with full bath. There is a soft water loop and the laundry room has a sink. All in all, a very nice home priced at $574,900. Bird View
Want to know when this real estate ugliness will end? Lets ask our friends at Arizona Regional Multiple Listing Service. "When will the market get back to normal?" may just surprise you.
Want to know the 10 most-searched real estate markets in April? Read the Inman News article here.
And the ever-insightful Stuart Crawford has this nugget of knowledge into what is happening with interest rates:
"Weaker than expected economic data helped mortgage rates decline to the lowest levels of the year early last week. Although, a reminder on Wednesday that the Fed will eventually sell its portfolio of mortgage-backed securities (MBS) helped to erase the improvement we saw in rates. These two influences offset each other, and mortgage rates ended the week nearly unchanged.
The economic data released last week fell far short of investor expectations almost across the board. The most significant report, April Industrial Production, was unchanged from March, which was well below the consensus forecast. Manufacturing output was hurt by a shortage of parts from Japan due to the earthquakes. The Index of Leading Indicators declined for the first time since June 2010. The housing sector data also showed weakness as Existing Home Sales, Housing Starts, and Building Permits all declined in April.
The FOMC minutes from the April 27th Fed meeting contained few surprises, but they highlighted the fact that the Fed's eventual return to more normal monetary policy will include both asset sales and rate hikes. The minutes gave no indication of the timing of any Fed tightening. Longer term, officials believe that the Fed's balance sheet should contain only Treasury securities, meaning that the Fed at some point will begin to sell its roughly $1 trillion portfolio of MBS. In order to disrupt the mortgage market as little as possible, officials said that the selling may be done over a period of many years, and any asset sales would be announced far in advance.
This week, New Home Sales will be released on Tuesday. Durable Orders, an important indicator of economic growth, will come out on Wednesday. Revisions to first quarter GDP will be released on Thursday. Friday will be the biggest day with Core PCE inflation, Personal Income, Pending Home Sales, and Consumer Sentiment. In addition, there will be Treasury auctions on Tuesday, Wednesday, and Thursday."
Sincerely,
Stuart M Crawford, Branch Manager, Senior Mortgage Banker, The Crawford Team
V.I.P. Mortgage, Inc.
8722 E San Alberto Dr, Ste 100
Scottsdale, AZ 85258
Phone: 480-776-2954
scrawford@vipmtginc.com
www.stuartcrawfordmortgage.com
I firmly believe that it is not necessarily what you pay for a home but the cost of the money to buy it. Every 1% rise in interest rates is equal to a 10% reduction in purchasing power. People will look back on these prices and marvel.
Tags:aviano,desert ridge,phoenix,real estate,villages at aviano,fireside,Arizona,short sale,foreclosure,fireside at desert ridge,Toll Brothers,pulte del web,bella monte. Information and pictures supplied by MLS and deemed reliable but not guaranteed. Proud to wake up, live and work in the great State of Arizona.
I previewed the bank owned Venado yesterday and it is a very nice home that but is almost turnkey. One of the garage doors looks as if it was on fire at some point in the past. There is new paint throughout and some, at one time, very nice berber carpet in there. Travertine tile in all areas except for the kids wing and master bedroom and den. Full wet bar with cooler. All countertops t/o are slab granite. All showers are tile and check out this inlay in the master bath shower. Since you can get 8-10 people in the shower it would be quite the conversation piece.
Gas cooktop, s/s appliances and undermount sink, tiled backsplash to bottom of cabinets, electrical outlet in great room floor ( a $400 option from Toll Brothers), nickel hardware, fire sprinklers in the ceiling, solid core doors, full slider to the backyard from the master, security and intercom system and a casita with full bath. There is a soft water loop and the laundry room has a sink. All in all, a very nice home priced at $574,900. Bird ViewWant to know when this real estate ugliness will end? Lets ask our friends at Arizona Regional Multiple Listing Service. "When will the market get back to normal?" may just surprise you.
Want to know the 10 most-searched real estate markets in April? Read the Inman News article here.
And the ever-insightful Stuart Crawford has this nugget of knowledge into what is happening with interest rates:
"Weaker than expected economic data helped mortgage rates decline to the lowest levels of the year early last week. Although, a reminder on Wednesday that the Fed will eventually sell its portfolio of mortgage-backed securities (MBS) helped to erase the improvement we saw in rates. These two influences offset each other, and mortgage rates ended the week nearly unchanged.
The economic data released last week fell far short of investor expectations almost across the board. The most significant report, April Industrial Production, was unchanged from March, which was well below the consensus forecast. Manufacturing output was hurt by a shortage of parts from Japan due to the earthquakes. The Index of Leading Indicators declined for the first time since June 2010. The housing sector data also showed weakness as Existing Home Sales, Housing Starts, and Building Permits all declined in April.
The FOMC minutes from the April 27th Fed meeting contained few surprises, but they highlighted the fact that the Fed's eventual return to more normal monetary policy will include both asset sales and rate hikes. The minutes gave no indication of the timing of any Fed tightening. Longer term, officials believe that the Fed's balance sheet should contain only Treasury securities, meaning that the Fed at some point will begin to sell its roughly $1 trillion portfolio of MBS. In order to disrupt the mortgage market as little as possible, officials said that the selling may be done over a period of many years, and any asset sales would be announced far in advance.
This week, New Home Sales will be released on Tuesday. Durable Orders, an important indicator of economic growth, will come out on Wednesday. Revisions to first quarter GDP will be released on Thursday. Friday will be the biggest day with Core PCE inflation, Personal Income, Pending Home Sales, and Consumer Sentiment. In addition, there will be Treasury auctions on Tuesday, Wednesday, and Thursday."
Sincerely,
Stuart M Crawford, Branch Manager, Senior Mortgage Banker, The Crawford Team
V.I.P. Mortgage, Inc.
8722 E San Alberto Dr, Ste 100
Scottsdale, AZ 85258
Phone: 480-776-2954
scrawford@vipmtginc.com
www.stuartcrawfordmortgage.com
I firmly believe that it is not necessarily what you pay for a home but the cost of the money to buy it. Every 1% rise in interest rates is equal to a 10% reduction in purchasing power. People will look back on these prices and marvel.
Tags:aviano,desert ridge,phoenix,real estate,villages at aviano,fireside,Arizona,short sale,foreclosure,fireside at desert ridge,Toll Brothers,pulte del web,bella monte. Information and pictures supplied by MLS and deemed reliable but not guaranteed. Proud to wake up, live and work in the great State of Arizona.
