Archive for February, 2013

February 23, 2013

Tuesday, February 26th, 2013 azrealtycom No Comments »

Metro Phoenix Housing¹ Market Snapshot February 23, 2013 City Active Pending Sales DOM² Avg   $/SF Anthem 152 82 43 72 $114.09 Chandler 694 497 272 62 $113.47 Fountain Hills 244 53 49 96 $183.28 Gilbert 752 565 327 63 $108.60 Glendale 559 494 295 59 $89.15 Laveen 158 141 66 78 $66.03 Maricopa 565 263 […]

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Landlord Quick Tip – Common Landlord Tenant Dispute

Sunday, February 24th, 2013 azrealtycom No Comments »

The definition of normal wear and tear and damage is often a sticking point between landlords and tenants. Here are some tips to help defuse those tense discussions: Normal Wear and Tear vs Damage As a landlord state law allows you to collect a security deposit, but the deposit must be refundable if the property is […]

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More Home Owners Have Equity Again

Saturday, February 23rd, 2013 azrealtycom No Comments »

With home prices inching up, more Americans are emerging from being underwater — owing more on their mortgage than their home is currently worth. Several reports have tried to estimate how many home owners came out from being underwater last year. CoreLogic reported that for the first nine months of 2012, about 1.4 million borrowers […]

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Half of all Renters Spend 30% or More Income on Housing

Wednesday, February 20th, 2013 azrealtycom No Comments »

Freddie Mac reports that residents of apartment communities that include five or more rental units currently make up 15 million U.S. households — a figure that is expected to climb with shifting demographics and housing preferences. Such factors as demographic trends, household formations, and higher credit standards for home loans are driving the increase in […]

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Metro Phoenix Among 5 Best Markets for Home Sellers

Wednesday, February 20th, 2013 azrealtycom No Comments »

Spring buying season is just around the corner, and sellers have gained an advantage in more markets across the country this year. With less competition from falling inventories, list prices have risen in many areas. Realtor.com recently identified the five best places to sell in 2013: Sacramento, Calif.: Inventories have declined here by 67.20 percent […]

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More Jobs Coming to Sun Valley

Tuesday, February 19th, 2013 azrealtycom No Comments »

In addition to the 800 new jobs created by the new Chandler Premium Outlets, 900 jobs offered by Well Fargo Mortgage division earlier this year, there are more jobs coming to the Sun Valley — State Farm to Bring Thousands of New Jobs to Tempe State Farm Insurance is planning to build a massive regional headquarters, about four or five […]

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Landlord Quick Tip – Don’t Take Any Chance!

Tuesday, February 19th, 2013 azrealtycom No Comments »

Restoring a rental unit after a tenant leaves, and getting a new tenant in is a very busy time. But combining routine maintenance with property tours can quickly lead to disaster for a landlord. When giving tours to prospective renters while the property is being worked on, pay extra attention to keeping everyone safe. Arrive […]

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ARMLS RENT Check™ – Feb 19, 2013

Tuesday, February 19th, 2013 azrealtycom No Comments »

Metro Phoenix Rental Market Snapshot Median Lease $:  $1,075 vs $1,095 of Jan 2013, -1.8% Average Lease $:  $1,237 vs $1,237 of Jan 2013, flat Avg. Days on Market:  55 vs 47 of Jan 2013, +17% Rent Check Quotient™: 49% vs 41% of Jan 2013, +19.5% Rent Check Quotient™ (RCQ™) is derived by dividing the # of leases […]

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February 16, 2013

Monday, February 18th, 2013 azrealtycom No Comments »

Metro Phoenix Housing¹ Market Snapshot February 16, 2013 City Active Pending Sales DOM² Avg $/SF Anthem 157 79 42 65 $117.40 Chandler 699 489 251 67 $112.60 Fountain Hills 246 45 50 85 $182.22 Gilbert 736 573 332 63 $108.77 Glendale 581 491 278 61 $89.04 Laveen 160 135 65 86 $66.45 Maricopa 566 261 142 80 $64.72 Mesa […]

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Mortgage Rates Hold Steady This Week

Monday, February 18th, 2013 azrealtycom No Comments »

Fixed-rate mortgages stayed mostly flat last week (2/11 – 2/15), remaining near their record lows and continuing to support housing demand and translating into a pick-up in home prices in most markets, according to Freddie Mac. Freddie Mac reports the following national averages with mortgage rates for the week ending Feb. 14: 30-year fixed-rate mortgages: […]

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