Hello,
Things are looking up in the northwest valley: read on
Peoria, Buckeye adult communities rank high in sales - Two West Valley communities - Trilogy at Vistancia in northern Peoria and Sun City Festival in Buckeye - led in sales and closings among active adult communities in 2010. Trilogy at Vistancia's 137 sales in 2010 leads the pack among the 10 active adult communities under construction in Arizona. Sun City Festival closed on the most sales: 119 closings compared with 118 at the Vistancia's 55-and-older community. Read article:
http://www.azcentral.com/business/realestate/articles/2011/02/14/20110214peoria-trilogy-vistancia-sun-city-festival-buckeye-high-sales.html
Tuesday, February 15, 2011
Monday, January 17, 2011
new stuff brewing
Hello,
Hope emerges for Phoenix office market - The Phoenix office market remained lackluster in the fourth quarter of 2010 but there are a few glimmers of hope. That’s the assessment of the Metro Phoenix Office Market Report published by Lee & Associates in Phoenix. Absorption rates — the amount of new space leased compared with a previous period — have improved slightly in some submarkets and may improve modestly this year. One bright spot, according to the report, is that investors are buying office properties, given lower prices and in anticipation of the eventual market turnaround. Read article:
http://www.bizjournals.com/phoenix/news/2011/01/13/hope-emerges-for-phoenix-office-market.html
More Borrowers Face Expiring Lock-in Rates - With rates on the rise, lenders have reported an increase in lock-in agreements in recent weeks. However, in 2010, the average mortgage took 52.1 days to close. While most rate locks last from 30 to 60 days, more and more borrowers are finding their lock-in agreements are expiring before they’ve been able to make it to the closing table. While most mortgage brokers do not charge money to extend a lock-in agreement, some borrowers who deal directly with lenders may have to pay anywhere from 0.10 to 0.25 for a percentage point of the loan amount for a 15-week extension.
http://www.realtor.org/rmodaily.nsf/pages/News2011011304
Have a successful year
Patty
Hope emerges for Phoenix office market - The Phoenix office market remained lackluster in the fourth quarter of 2010 but there are a few glimmers of hope. That’s the assessment of the Metro Phoenix Office Market Report published by Lee & Associates in Phoenix. Absorption rates — the amount of new space leased compared with a previous period — have improved slightly in some submarkets and may improve modestly this year. One bright spot, according to the report, is that investors are buying office properties, given lower prices and in anticipation of the eventual market turnaround. Read article:
http://www.bizjournals.com/phoenix/news/2011/01/13/hope-emerges-for-phoenix-office-market.html
More Borrowers Face Expiring Lock-in Rates - With rates on the rise, lenders have reported an increase in lock-in agreements in recent weeks. However, in 2010, the average mortgage took 52.1 days to close. While most rate locks last from 30 to 60 days, more and more borrowers are finding their lock-in agreements are expiring before they’ve been able to make it to the closing table. While most mortgage brokers do not charge money to extend a lock-in agreement, some borrowers who deal directly with lenders may have to pay anywhere from 0.10 to 0.25 for a percentage point of the loan amount for a 15-week extension.
http://www.realtor.org/rmodaily.nsf/pages/News2011011304
Have a successful year
Patty
Whats brewing in 2011
Check these out:
Housing Starts Expected to Climb in 2011
http://www.realtor.org/rmodaily.nsf/pages/News2011011301
10 Successful Rules of New Homes Sales
http://www.realtor.org/rmodaily.nsf/pages/News2011011302
Mortgage Rates Down for Second Week
http://realtytimes.com/rtpages/20110114_rates.htm
Housing Starts Expected to Climb in 2011
http://www.realtor.org/rmodaily.nsf/pages/News2011011301
10 Successful Rules of New Homes Sales
http://www.realtor.org/rmodaily.nsf/pages/News2011011302
Mortgage Rates Down for Second Week
http://realtytimes.com/rtpages/20110114_rates.htm
Thursday, December 30, 2010
What's Brewing?
Happy New Year,
I hope this is information is something you can use.
Valley banks, Habitat unite to cut foreclosure-home list - Some Valley lenders are making a small dent in the state's foreclosure inventory by helping non-profit organizations like Habitat for Humanity Central Arizona take bank-owned homes off the market. Some organize employee volunteers to renovate foreclosure homes for Habitat. Others make grants that allow Habitat to purchase bank-owned homes. And some banks even deeply discount or give away their foreclosure properties. National Bank of Arizona finished donating its first foreclosure home to Habitat this month. Read article:
http://www.azcentral.com/business/realestate/articles/2010/12/29/20101229valley-banks-habitat-unite-cut-foreclosure-home-list.html
Site to See: Federal Reserve's 'Credit Reports and Credit Scores' - There's a new source of credit score and credit report information in town and it doesn't try to sell you related services or use content to generate ad revenues. "Consumer's Guide to Credit Reports and Credit Scores" is a compendium of advertisement-free credit report and credit score content that earns the Feds a high score. Along with practical answers to questions about credit reports, credit scores, and the importance of protecting your credit history, the Fed's free online guide explains the contents of your credit report, tells you how and when a credit score is used, and discusses the role of credit bureaus in collecting and sharing your credit history. Read article:
http://realtytimes.com/rtpages/20101230_scores.htm
Blessings to all and Happy New Year.
From all of us at Fusco Realty
I hope this is information is something you can use.
Valley banks, Habitat unite to cut foreclosure-home list - Some Valley lenders are making a small dent in the state's foreclosure inventory by helping non-profit organizations like Habitat for Humanity Central Arizona take bank-owned homes off the market. Some organize employee volunteers to renovate foreclosure homes for Habitat. Others make grants that allow Habitat to purchase bank-owned homes. And some banks even deeply discount or give away their foreclosure properties. National Bank of Arizona finished donating its first foreclosure home to Habitat this month. Read article:
http://www.azcentral.com/business/realestate/articles/2010/12/29/20101229valley-banks-habitat-unite-cut-foreclosure-home-list.html
Site to See: Federal Reserve's 'Credit Reports and Credit Scores' - There's a new source of credit score and credit report information in town and it doesn't try to sell you related services or use content to generate ad revenues. "Consumer's Guide to Credit Reports and Credit Scores" is a compendium of advertisement-free credit report and credit score content that earns the Feds a high score. Along with practical answers to questions about credit reports, credit scores, and the importance of protecting your credit history, the Fed's free online guide explains the contents of your credit report, tells you how and when a credit score is used, and discusses the role of credit bureaus in collecting and sharing your credit history. Read article:
http://realtytimes.com/rtpages/20101230_scores.htm
Blessings to all and Happy New Year.
From all of us at Fusco Realty
Tuesday, December 21, 2010
Saturday, December 11, 2010
Thursday, November 4, 2010
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