Arizona Real Estate News

Home Prices Show Improvement In 19 of the 20 Case-Shiller Markets

July 1, 2009

Tuesday — for the first time in a long while — members of the press met the monthly Case-Shiller Index data with enthusiasm. And why shouldn’t they?

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3 More Signs Of A Strengthening Housing Market

June 24, 2009

The housing market got another dose of good news yesterday. According to the National Association of REALTORS, the number of homes sold in May increased for the third straight month and the national housing supply fell by 5 months

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Like To Play It Cautious? Consider Rate Locking Ahead Of Wednesday’s Federal Reserve Meeting.

June 23, 2009

The Federal Reserve begins its scheduled two-day meeting this morning. It’s one of 8 scheduled meetings for the Federal Open Market Committee this year. When the FOMC meets, it discusses the financial and economic conditions around the country and, when appropriate, the group makes new policy meant to speed up or slow down the economy

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How To Fight Mortgage Rate Volatility

June 19, 2009

Mortgage rates are suffering through another volatile week, causing problems for rate shoppers and home buyers. After falling Monday and Tuesday, mortgage rates surged Wednesday and Thursday. The momentum higher appears to be carrying into the weekend, too

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VIDEO : How To Know Which Home Repairs Can Be Delayed And Which Should Be Fixed Right Away

June 12, 2009

When finances are tight, homeowners are often forced to choose between making home repairs right away, and putting them off until finances improve. Some repairs, though, become more expensive if not tackled on the double.

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How To Receive A Cash Gift For Downpayment

June 10, 2009

Tighter mortgage guidelines since late-2008 are forcing home buyers to make bigger downpayments. Anecdotally, the change has led to a surge in buyers taking gifts of cash from family members

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Want To Know Why Mortgage Rates Are Up Over 1.125 Percent In 10 Days?

June 9, 2009

Since Memorial Day, conforming mortgage rates have jumped by more than 1.125 percent, adding thousands of dollars to the annual cost of homeownership. To the casual observer, the moves may seem random. There’s a reason this is happening, however

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What’s Ahead For Mortgage Rates This Week : June 8, 2009

June 8, 2009

The economy posted stronger-than-expected data last week, reigniting fears of inflation on Wall Street. The positive-slanted economic news caused conforming mortgage rates to rise by another 1/2 percent last week. It marked the second week in a row of soaring mortgage rates and the fifth week out of six that rates have moved higher.

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VIDEO : How Do I Prioritize Paying Monthly Bills Versus Saving For Retirement?

June 7, 2009

Suze Orman recently appeared on The Today Show and gave 5 minutes of practical money management advice. Not everyone’s a fan of Ms. Orman, but this is an interview worth watching

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Mortgage Rates Rose By More Than 1/2 Percent Wednesday

May 28, 2009

Conforming mortgage rates rose by 0.625 percent Wednesday.

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Over 24 Hours, Mortgage Rates Shoot Higher

May 22, 2009

Rates go up, rates go down. Catch them while you can

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Your Local Gas Station May Have Clues About Tomorrow’s Mortgage Rates

May 7, 2009

The retail price of gasoline is rising nationwide, now up 30 percent since the New Year . It’s a similar run-up to what we’ve seen for retail gas prices in each of the last 5 Spring Seasons.

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The Minimum Preparatory Steps When Co-Purchasing A Home With A Friend Or Family Member

May 6, 2009

Both mortgage guidelines and the economy have tightened since 2006, bringing more attention to “joint homeowners” — non-spousal partners that buy and share a home as roommates. The practice is not new, but, anecdotally, co-purchasing is becoming more common

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Pending Home Sales Rise In March — Another Sign That Housing Is Recovering

May 5, 2009

For the second consecutive month, the number of homes under contract to sell increased — further evidence that housing markets may have already bottomed.

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Finding Yourself In A Multiple-Offer Situation? You’re Not Alone.

April 27, 2009

The days of rock-bottom housing prices may be reaching an end. According to the National Association of REALTORS, the number of Existing Home Sales fell by a modest 140,000 units last month. It’s the fifth straight month in which home sales straddled the 4.5 million mark.

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National Real Estate Data Lumps 128,203,000 Homes In America Into 1 Data Set

April 23, 2009

National real estate data helps economists identify trends in the housing market. It shapes policy and influences markets. For active home buyers and home sellers, though, national real estate data is irrevelant

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Why Home Buyers Should Worry About Falling Housing Starts And Why Sellers Should Cheer Them

April 19, 2009

With respect to housing data, news is rarely positive or negative on a universal level. There’s always two perspectives to consider, after all.

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A Few Reasons Why Now May Be The Least Expensive And Easiest Time To “Go FHA”

April 18, 2009

Shopping for low mortgage rates is a game of luck.

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Current Mortgage Rates and the Week Ahead: April 13, 2009

April 13, 2009

For the second week in a row, mortgage markets started the week strong and then ended with a fizzle. In the holiday-shortened week, rates were exactly flat overall. There wasn’t much economic data to move rates last week, incidentally.

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How To Know If Your Adjustable Rate Mortgage Will Adjust Lower

April 9, 2009

When conforming mortgages adjust, they’re often tied to an interest rate index called LIBOR. LIBOR is an acronym for London Interbank Offered Rate. But what LIBOR stands for isn’t as important as the role it plays

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