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Archives for August 2013

Home Prices Edge Closer To Pre-Crash Levels

-In Arizona, we are still about 30% off pre-crash levels but those numbers are moving fast back in the right direction.  Read below for further info on this trend. Home prices keep edging closer to pre-crash price levels and today's Home Price Index report from Lender Processing Services (LPS) indicates that national prices are now backwithin 15.2 percent of that peak.  The index for June rose to $229,000 from 226,000 in May, an increase of 1.2 percent and is up 6.9 percent from the end of last year.  The … [Read more...]

Buying A Flipped Home? Be Careful

Home buyers always need to have an eye out for shoddy renovation work and defect coverups before purchasing a home. But when it’s a “flipped” home they’re considering, it’s wise to be even more careful, making sure the investor didn’t cut corners while prepping the home for sale. These days, a greater number of single-family homes are being flipped, or bought and resold within six months. In the first half of the year, flips were up 19% from a year ago and up 74% from the first half of 2011, according to data … [Read more...]

What Homeowners’ Discounts Are You Missing?

Homeowners insurance isn’t a topic that most people like to think about except as the funny/scary ‘Mayhem’ ads for Allstate. For first-time homebuyers the prospect of adding home insurance to the other long list of costs can seem daunting. Yet homeowners’ insurance isn’t just required for your mortgage, it’s an important part of a plan to keep you and your home safe. Generally homeowners’ insurance covers damage from fire, most storms (some insurance does not include flood damage), theft, and more. It can also … [Read more...]

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