The Housing Market
After listening to R.L. Brown last week and reading the latest observations from different sources, we are going to have bad mojo for a number of years in the real estate business. Neighbor Sam sent me this article and it is spot on with views from most industry folks. Here are some headlines from DSNews.com:
"Consumers Don't Expect Housing Recovery Until 2013, Experts Agree"
"FDIC Launches Investigation of Officials of Failed Banks"
"Radar Logic Says Home Prices Not as Stable as Thought"
"Bank Risk Managers Say Credit Demand Will Rise Faster Than Supply"
I just went to signing for some clients that will close later this week. The interest rate they got was 3.9% for a 30 year loan. This will not be seen again in our lifetimes. So if your fixing to get ready to buy - get it fixed quickly and do it. As interest rates rise your windoe of opportunity will close. It is not as important what you pay for a home as it is the cost of the money to do so.
Floorplan
Map
The investor flip (normal sale) at 3945 East Half Hitch Place in Fireside reduced price to $459K or $130 a sq ft. 3523 of those sq foots in this home with 4 bedrooms, 4.5 baths and a 3 car tandem garage. Asacha model has a little casita or cabana as you enter the front courtyard. Great room with den these homes in the Splendor Series are not wide but go back a long way.
Floorplan
Map
No surprise the short sale Venado in Aviano at 3850 East Tracker Trail is now under contract. All fingers crossed for a short negotiation and quick close.
Floorplan
Map
The very nicely upgraded Solaria model at 3521 East Robin Lane just closed its' lease listing for $2800 a month. 2790 sq ft with 3 bedrooms, 3.5 baths and a very large backyard.
Tags: aviano,desert ridge,phoenix,real estate,villages,fireside,Arizona,short sale,foreclosure,Toll Brothers,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.
"Consumers Don't Expect Housing Recovery Until 2013, Experts Agree"
"FDIC Launches Investigation of Officials of Failed Banks"
"Radar Logic Says Home Prices Not as Stable as Thought"
"Bank Risk Managers Say Credit Demand Will Rise Faster Than Supply"
I just went to signing for some clients that will close later this week. The interest rate they got was 3.9% for a 30 year loan. This will not be seen again in our lifetimes. So if your fixing to get ready to buy - get it fixed quickly and do it. As interest rates rise your windoe of opportunity will close. It is not as important what you pay for a home as it is the cost of the money to do so.
Floorplan
Map
The investor flip (normal sale) at 3945 East Half Hitch Place in Fireside reduced price to $459K or $130 a sq ft. 3523 of those sq foots in this home with 4 bedrooms, 4.5 baths and a 3 car tandem garage. Asacha model has a little casita or cabana as you enter the front courtyard. Great room with den these homes in the Splendor Series are not wide but go back a long way.
FloorplanMap
No surprise the short sale Venado in Aviano at 3850 East Tracker Trail is now under contract. All fingers crossed for a short negotiation and quick close.
Floorplan
Map
The very nicely upgraded Solaria model at 3521 East Robin Lane just closed its' lease listing for $2800 a month. 2790 sq ft with 3 bedrooms, 3.5 baths and a very large backyard.
Tags: aviano,desert ridge,phoenix,real estate,villages,fireside,Arizona,short sale,foreclosure,Toll Brothers,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.
