Blog - Page 10 of 12

Mar 29, 2017 Renting vs. Buying in a hot Housing Market

Alan Bermudez

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Renting vs. buying in a hot housing market (video) D. Patrick Lewis of the Arizona REALTORS® says buying now can “freeze time” and lock in your rates, even if home values rise. Kim Tobin: When the housing market crash happened, (Phoenix) was one of the hardest hit areas here in Arizona. 2017 (is) expected to

Mar 28, 2017 Cash Sales Make Up Least Percentage of Total Home Sales Since 2007

Alan Bermudez

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The full-year cash sales share for 2016 was 32.1 percent According to CoreLogic, cash sales accounted for 33.1 percent of total U.S. home sales in December 2016, down 1.3 percentage points year over year from December 2015. For the full-year 2016, the cash sales share was 32.1 percent, 2.2 percentage points below the full-year 2015

Mar 27, 2017 Mortgage Rates in U.S. Drop, Signaling Continued Market Uncertainty

Alan Bermudez

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According to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), the average mortgage rate in the U.S. dropped in late March after two consecutive weeks of increases. Sean Becketti, chief economist at Freddie Mac said, “The 10-year Treasury yield fell about 10 basis points this week. The 30-year mortgage rate moved with Treasury yields and

Mar 25, 2017 Mortgage Applications in U.S. Pick Up Pace in Mid-March

Alan Bermudez

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According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 10, 2017, mortgage applications increased 3.1 percent from one week earlier. The Market Composite Index, a measure of mortgage loan application volume, increased 3.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the

Mar 24, 2017 Arizona bill would allow loans with 164 percent fee

Alan Bermudez

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A last-minute bill introduced at the Arizona Legislature would open borrowing opportunities for people with poor or no credit, at a fee that tops out at 164 percent. The legislation is the latest attempt to open the lending market beyond the 36 percent interest-rate cap that voters put on payday loans nine years ago. It

Mar 24, 2017 Phoenix is one of the fastest-growing cities in the US. Here’s the breakdown.

Alan Bermudez

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Eleven major metropolitan areas — including Phoenix — are growing at a pace of more than 1,000 persons per week, based on population estimates issued this morning by the U.S. Census Bureau. The federal agency released July 2016 estimates for 382 metros and 3,142 counties across the nation. Click on the View Slideshow button to