February 2008 - Posts

What Does The "Declining Market" Label Mean To Your Mortgage?
28 February 08 10:40 AM | Jean Strong Broker,GRI, e-Pro, Nfsti Certified REO | 0 Comments   
As prices are coming down from the boom period, one result has been for Lenders to label Phoenix Metro as a declining real estate market. What does that mean to you? One challenge is that Lenders are now funding less of a loan because they are worried Read More...
Should Sellers Rent Their Homes Until the Market Picks Up?
25 February 08 01:41 PM | Jean Strong Broker,GRI, e-Pro, Nfsti Certified REO | 0 Comments   
As Days on Market for selling a home increases, should a seller consider the option of renting out the home and wait to try to sell it later? There are Pros and Cons: First the Pros For Renting: 1. Cash Flow - rent can provide assistance in paying the Read More...
Good News For Spring 2008?
23 February 08 03:24 PM | Jean Strong Broker,GRI, e-Pro, Nfsti Certified REO | 0 Comments   
There was an encouraging sign last week as there was a 12% jump in mortgage applications. Perhaps, buyers have decided to start taking advantage of the "Buyer's" Market - lots of inventory, good prices and low mortgage rates. Why wait? Nowis Read More...
Days On Market For Selling Your Home
22 February 08 09:06 AM | Jean Strong Broker,GRI, e-Pro, Nfsti Certified REO | 0 Comments   
Based on the latest statistics of 2008, if you are selling your home you should plan in the Scottsdale, North Scottsdale areas for an average of 200 days on market. One reason for this is the increasing number of homes for sale inventory as versus the Read More...
Great Time To Buy A House!!!
20 February 08 10:14 AM | Jean Strong Broker,GRI, e-Pro, Nfsti Certified REO | 0 Comments   
Our market has been undergoing a correction from the inflated prices of 2005. We have seen prices drop, mortgage rates have remained low and there is significant inventory of homes on the market. if you are in the market for a home. what are you waiting Read More...
Are HomeOwners In Denial
16 February 08 02:09 PM | Jean Strong Broker,GRI, e-Pro, Nfsti Certified REO | 0 Comments   
Zillow.com has just released the results of a survey which either indicates that homeowners do not follow the news or are in denial. According to their survey, 77% of homeowners around the country believe the value of their home has increased or remained Read More...
Home Prices Hold Steady, But Sales Tumble
14 February 08 06:19 PM | Jean Strong Broker,GRI, e-Pro, Nfsti Certified REO | 0 Comments   
This was the header in the Scottsdale Republic on Feb. 13th. What does it mean? To me it means that Buyers have a perception that prices are still "high" and Sellers are ":sticking to their guns" by keeping their prices up. Sounds Read More...
International Affordability In Housing
13 February 08 10:12 AM | Jean Strong Broker,GRI, e-Pro, Nfsti Certified REO | 0 Comments   
If you have the time and interest read this rather lengthy survey regarding affordability in housing on an international level http://www.demographia.com/dhi.pdf Read More...
Mortgage Fraud and Its Damage To Consumers
10 February 08 10:35 AM | Jean Strong Broker,GRI, e-Pro, Nfsti Certified REO | 0 Comments   
Finally Legislation has been introduced to start correcting the problems which have occurred as a result of mortgage lenders. 5 bills have been introduced. One would provide more funds for investigations and one, I really like, would require mortgage Read More...
How Much Should You Do To Your Home To Sell It?!
09 February 08 10:01 AM | Jean Strong Broker,GRI, e-Pro, Nfsti Certified REO | 0 Comments   
Sellers know that the market is not "Hot" like it was a couple of years ago. So are you thinking of selling? What do you do to get the most money for your home now. I would suggest that first and foremost you price your home accurately. Overpriced Read More...
WHAT IS OUR BIGGEST PROBLEM IN ARIZONA?
05 February 08 11:24 AM | Jean Strong Broker,GRI, e-Pro, Nfsti Certified REO | 0 Comments   
I believe real estate challenges are neighborhood oriented. Therefore, what may be true in one part of the Valley is different than another. What is true everywhere is that we are currently experiencing challenges whether for the home seller or home buyer. Read More...