The timing for first time home buyers has never been better in Arizona. Mortgage rates are at all time lows, lenders are anxious to get back into the marketplace with loans, and new inventory continues to come to the market. Prices have started to increase on homes but are still very well priced. The Marsh Partners has provided a list that can assist in achieving your dream of your first home. And, with the digital technology and extensive web tools at our disposal, choosing a property and hiring a professional … [Read more...]
Archives for July 2012
Mortgage Rates at an All-Time Low
July 15, 2012 by Leave a Comment
Record-breaking rates have once again reached new lows for 30-year and 15 year fixed rate mortgages. For the past 16 weeks, the 30-year fixed-rate mortgage alone has averaged below 4 percent, increasing affordability by cheapening the costs of borrowing. In its weekly mortgage market survey, Freddie Mac reports that average fixed-rate mortgages continue to reach all-time record lows from easing bond yields and a dismal June employment report. Here’s a closer look at rates for the week ending July … [Read more...]
True Arcadia Real Estate
July 12, 2012 by Leave a Comment
Some interesting statistics regarding “True Arcadia” Real Estate - By Ben Marsh, Associate Broker with The Marsh Partners (True Arcadia defined as: 44th Street East to 68th Street, Indian School North to Camelback) At The Marsh Partners, we are passionate about the markets that we work in and focus on. One of those particular markets is the Arcadia neighborhood. This area is a highly sought after neighborhood for various reasons including being a family friendly neighborhood, great public school district, … [Read more...]
Home price gains at risk in distressed markets…
July 12, 2012 by Leave a Comment
Source: Trulia - Foreclosure backlogs a concern in Phoenix, Miami and Detroit By Inman News, Tuesday, July 10, 2012. Asking prices for for-sale homes nationwide have risen in the last four out of five months, but the biggest market gainers also have foreclosure backlogs putting those increases at risk, according to a monthly report from real estate search and marketing site Trulia. For this report, Trulia considered the for-sale and for-rent properties listed on its website through June 30, 2012, taking into … [Read more...]
Bidding Wars…
July 12, 2012 by Leave a Comment
An interesting article by Catherine Reagor with Arizona Republic - Bidding wars among investors and regular homebuyers continue to escalate because of the lack of supply. Residential foreclosures in metro Phoenix fell again last month. That's good news for some struggling homeowners, but it means fewer bargain-priced homes on the market for potential buyers. In June, lenders took back 1,719 homes, according to AZ Bidder. That's about 300 fewer than in May. Demand for commercial properties is also … [Read more...]
True Arcadia Real Estate
July 10, 2012 by Leave a Comment
Some interesting statistics regarding “True Arcadia” Real Estate (True Arcadia defined as: 44th Street East to 68th Street, Indian School North to Camelback) At The Marsh Partners, we are passionate about the markets that we work in and focus on. One of those particular markets is the Arcadia neighborhood. This area is a highly sought after neighborhood for various reasons including being a family friendly neighborhood, great public school district, ambiance of the streets, beautiful homes, and a prime location … [Read more...]
