Spring Changes to Aviano MLS
A beautiful Easter weekend here in paradise. Mothers Day and Easter are great times to hold an open house. After church and a big meal, most Moms are not interested in watching the Celtics put a beat down on the Knicks and choose to look at homes. Watching human behavior at open houses is a real treat. Couples walk around and describe to each other where they would put this or that. I used to bring all kinds of paperwork and comparison sheets - now just a laptop. A few changes in the mls picture:
The normal sale Borrego model at 3967 East Herrera Drive is now under contract in pending status. 226 days on the market with an original asking price of $560K, it was most recently priced at $475K. Listed at 3800 sq ft it has 5 bedrooms, 3.5 baths, 3 car tandem garage and a really nice backyard with pool, bbq,etc. Floorplan Bird view
The short sale La Verna model at 22103 North 37th Terrace is back on the market. The listing agent confirmed they have an agreement notice from the bank to sell at $475K. 3091 sq ft with 4 bedrooms, 3.5 baths and a 3 car garage. The lot is a whopping 16,719 so you can barely squeeze in a pool or 3. Split floorplan with master on the Deer Valley side and the kitchen / kids rooms / family rooms on the north side. Nice home with nice upgrades. Floorplan Bird view
The short sale Anguilla model at 22313 North 36th Street cancelled it's listing. The Anguilla model is Kathys favorite with 4200 sq ft, 4 bedrooms, 3.5 baths and a 3 car garage. Only 8 of these models exist in Aviano. Floorplan Bird view
Timely information from Stuart Crawford at V.I.P. Mortgage, Inc.:
With little economic data last week, it was a relatively quiet week for mortgage rates. The biggest economic news was a surprise warning from a major rating agency that it may downgrade US debt, but investors viewed this as positive for bonds. As a result, mortgage rates ended the week a little lower.
On Monday, S&P unexpectedly announced that it had lowered its outlook for US debt due to growing budget deficits. Basically, this means that S&P sees a higher risk that they will need to downgrade the credit rating for US debt over the next couple of years. A lower credit rating would increase the yield required by all investors to purchase US debt to offset the higher perceived risk. In addition, some investors are not permitted to own lower rated debt, and the selling from these investors would add further upward pressure to yields.
In recent months, similar warnings pushed yields higher in smaller European countries such as Greece and Portugal. The immediate reaction to Monday's S&P announcement was a rise in US bond yields as well, but yields soon moved lower as lawmakers began to use the news to support their plans for deficit reduction. Investors expect that the threat of a lower debt rating will make it easier for politicians to make difficult cuts in government spending. In short, what would normally be bad news for mortgage rates actually helped them improve last week in this unique situation.
The biggest economic event this week will be Wednesday's Fed meeting. For the first time, the Fed Chief will hold a press conference after the meeting to discuss the Fed's announcement. No change in rates is expected, but investors will be looking for hints about when the Fed will begin to tighten monetary policy.
The most significant economic report this week will be GDP (Gross Domestic Product) on Thursday. GDP is the broadest measure of economic growth. Before that, New Home Sales will be released today. Pending Home Sales, a leading indicator, will be released on Thursday.
Stuart can be reached at 480-776-2954 or scrawford@vipmtginc.com
May 4th is the next Aviano real estate meeting at the Aviano community center located at 22500 North Aviano Way, Phoenix, AZ 85050. 6:30 PM, free, casual and lasts an hour. Bring your laptop and we will go through the past months solds, current actives and pendings and answer any questions. Caveat Emptor: my opinion and $8 might get you a cup of coffee at the hip coffee places.
Another compilation of stats for those that can't get enough. STAT+ focuses on the average Days on Market (DOM) and Months Supply of Inventory (MSI) in the first quarter of 2011 (Q1) for single family residential housing at various price points in the flexmls system. Read it here.
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.
The normal sale Borrego model at 3967 East Herrera Drive is now under contract in pending status. 226 days on the market with an original asking price of $560K, it was most recently priced at $475K. Listed at 3800 sq ft it has 5 bedrooms, 3.5 baths, 3 car tandem garage and a really nice backyard with pool, bbq,etc. Floorplan Bird viewThe short sale La Verna model at 22103 North 37th Terrace is back on the market. The listing agent confirmed they have an agreement notice from the bank to sell at $475K. 3091 sq ft with 4 bedrooms, 3.5 baths and a 3 car garage. The lot is a whopping 16,719 so you can barely squeeze in a pool or 3. Split floorplan with master on the Deer Valley side and the kitchen / kids rooms / family rooms on the north side. Nice home with nice upgrades. Floorplan Bird view
The short sale Anguilla model at 22313 North 36th Street cancelled it's listing. The Anguilla model is Kathys favorite with 4200 sq ft, 4 bedrooms, 3.5 baths and a 3 car garage. Only 8 of these models exist in Aviano. Floorplan Bird view Timely information from Stuart Crawford at V.I.P. Mortgage, Inc.:
With little economic data last week, it was a relatively quiet week for mortgage rates. The biggest economic news was a surprise warning from a major rating agency that it may downgrade US debt, but investors viewed this as positive for bonds. As a result, mortgage rates ended the week a little lower.
On Monday, S&P unexpectedly announced that it had lowered its outlook for US debt due to growing budget deficits. Basically, this means that S&P sees a higher risk that they will need to downgrade the credit rating for US debt over the next couple of years. A lower credit rating would increase the yield required by all investors to purchase US debt to offset the higher perceived risk. In addition, some investors are not permitted to own lower rated debt, and the selling from these investors would add further upward pressure to yields.
In recent months, similar warnings pushed yields higher in smaller European countries such as Greece and Portugal. The immediate reaction to Monday's S&P announcement was a rise in US bond yields as well, but yields soon moved lower as lawmakers began to use the news to support their plans for deficit reduction. Investors expect that the threat of a lower debt rating will make it easier for politicians to make difficult cuts in government spending. In short, what would normally be bad news for mortgage rates actually helped them improve last week in this unique situation.
The biggest economic event this week will be Wednesday's Fed meeting. For the first time, the Fed Chief will hold a press conference after the meeting to discuss the Fed's announcement. No change in rates is expected, but investors will be looking for hints about when the Fed will begin to tighten monetary policy.
The most significant economic report this week will be GDP (Gross Domestic Product) on Thursday. GDP is the broadest measure of economic growth. Before that, New Home Sales will be released today. Pending Home Sales, a leading indicator, will be released on Thursday.
Stuart can be reached at 480-776-2954 or scrawford@vipmtginc.com
May 4th is the next Aviano real estate meeting at the Aviano community center located at 22500 North Aviano Way, Phoenix, AZ 85050. 6:30 PM, free, casual and lasts an hour. Bring your laptop and we will go through the past months solds, current actives and pendings and answer any questions. Caveat Emptor: my opinion and $8 might get you a cup of coffee at the hip coffee places.
Another compilation of stats for those that can't get enough. STAT+ focuses on the average Days on Market (DOM) and Months Supply of Inventory (MSI) in the first quarter of 2011 (Q1) for single family residential housing at various price points in the flexmls system. Read it here.
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.
