Aviano Homes for Sale - Sleepy Time
For the last three days nothing has happened MLS wise in Aviano. There are still 4 homes listed as active. I will go out on a limb here and say that they are all aggressively priced. What this is doing is causing buyers to look elswhere in Desert Ridge. Fireside is really on fire. And the DR Horton area at 40th Street and Pinnacle Peak Road is busy as well.
Quality resale homes will have lots of attention. I firmly believe that 2012 will see an improvement in home values simply because there is just so little inventory.
A week from tommorow, Wednesday October 5th is the next real estate meeting. Bring your laptop and we will surf through any neighborhood your heart desires. Check out the solds and pricing. It is in color, free and highly casual. 6:30 PM at the Aviano community center.
Jay Thompson at www.phoenixrealestateguy.com has this blog post clearly explaining short sales. Jay is very kind in his description of them. We are more than happy to list short sales but we have the seller work with a couple of law firms that do the negotiation with the lender on their behalf. What you want to end up with is a document called an "agreement notice". And you really want a lawyer to look it over to ensure what the lender is willing to do matches what the seller wants to do.
And from Stuart Crawford, insight into mortgage rates:
"Last week, the Fed announced new measures to boost the economy. Expectations are low for much economic growth to result from the measures, but they did help push mortgage rates to historic lows.
The Fed released its statement Wednesday afternoon, and MBS (mortgage-backed securities) markets then staged a very strong rally for several reasons. First, quite simply, the Fed confirmed that there are "significant downside risks" to the US economic outlook. Slower economic growth reduces inflationary pressures, which is favorable for mortgage rates.
Second, the Fed announced the widely expected Operation Twist program. This program will extend the average maturity of the Fed's portfolio by purchasing $400 billion of longer-term Treasury securities and selling an equal amount of shorter-term Treasuries.
The third major element from the statement helping mortgage rates was a surprise to most investors. The Fed will begin to reinvest principal payments from its mortgage-backed securities (MBS) holdings in additional agency MBS. Until now, the Fed has been reinvesting the MBS principal payments in Treasury securities.
With roughly $885 billion in MBS holdings in the Fed's portfolio, these principal payments, along with Operation Twist, will create a significant source of additional demand for MBS. The impact of the announcement was priced in very quickly. Although the Fed has not yet begun to purchase securities under the new programs, investors have already factored in the expected impact of the added demand on MBS prices. Following prior Fed announcements about purchasing MBS, nearly all of the benefit took place right away.
This week, New Home Sales will be released today. Durable Orders will come out on Wednesday. The final revisions to second quarter GDP will be released on Thursday. Pending Home Sales, a leading indicator, will also come out on Thursday. Friday will be a big day with Core PCE inflation, Personal Income, Chicago PMI Manufacturing, and Consumer Sentiment."
Stuart can be reached at 480-776-2954 or scrawford@vipmtginc.com
www.TheCrawfordTeamNow.com
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. Contact me at 480.330.0735 or doug0735@gmail.com
Quality resale homes will have lots of attention. I firmly believe that 2012 will see an improvement in home values simply because there is just so little inventory.
A week from tommorow, Wednesday October 5th is the next real estate meeting. Bring your laptop and we will surf through any neighborhood your heart desires. Check out the solds and pricing. It is in color, free and highly casual. 6:30 PM at the Aviano community center.
Jay Thompson at www.phoenixrealestateguy.com has this blog post clearly explaining short sales. Jay is very kind in his description of them. We are more than happy to list short sales but we have the seller work with a couple of law firms that do the negotiation with the lender on their behalf. What you want to end up with is a document called an "agreement notice". And you really want a lawyer to look it over to ensure what the lender is willing to do matches what the seller wants to do.
And from Stuart Crawford, insight into mortgage rates:
"Last week, the Fed announced new measures to boost the economy. Expectations are low for much economic growth to result from the measures, but they did help push mortgage rates to historic lows.
The Fed released its statement Wednesday afternoon, and MBS (mortgage-backed securities) markets then staged a very strong rally for several reasons. First, quite simply, the Fed confirmed that there are "significant downside risks" to the US economic outlook. Slower economic growth reduces inflationary pressures, which is favorable for mortgage rates.
Second, the Fed announced the widely expected Operation Twist program. This program will extend the average maturity of the Fed's portfolio by purchasing $400 billion of longer-term Treasury securities and selling an equal amount of shorter-term Treasuries.
The third major element from the statement helping mortgage rates was a surprise to most investors. The Fed will begin to reinvest principal payments from its mortgage-backed securities (MBS) holdings in additional agency MBS. Until now, the Fed has been reinvesting the MBS principal payments in Treasury securities.
With roughly $885 billion in MBS holdings in the Fed's portfolio, these principal payments, along with Operation Twist, will create a significant source of additional demand for MBS. The impact of the announcement was priced in very quickly. Although the Fed has not yet begun to purchase securities under the new programs, investors have already factored in the expected impact of the added demand on MBS prices. Following prior Fed announcements about purchasing MBS, nearly all of the benefit took place right away.
This week, New Home Sales will be released today. Durable Orders will come out on Wednesday. The final revisions to second quarter GDP will be released on Thursday. Pending Home Sales, a leading indicator, will also come out on Thursday. Friday will be a big day with Core PCE inflation, Personal Income, Chicago PMI Manufacturing, and Consumer Sentiment."
Stuart can be reached at 480-776-2954 or scrawford@vipmtginc.com
www.TheCrawfordTeamNow.com
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. Contact me at 480.330.0735 or doug0735@gmail.com
