Archive for December, 2016

South Mountain Freeway (South Loop 202) Project Update

Monday, December 26th, 2016 azrealtycom No Comments »

Metro Phoenix continues growing into 2017. Many improvement and expansion of existing highway systems are undergoing ambitiously. Particularly the South Mountain Freeway, looping existing Santan freeway – South Loop 202 into I-10 system, is exciting and encouraging. It helps the East Valley connecting to the West Valley almost 1 hours drive less. Not just the […]

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Housing News – Dec 26, 2016

Monday, December 26th, 2016 azrealtycom No Comments »

The third quarter showed strong economic growth and an increased GDP. As the economy continues to heat up, interest rates will be pressured to rise. Jobless claims were slightly higher this week than expected, but still below 300,000. The strong labor market could contribute to higher rates in 2017. Rising mortgage rates haven’t slowed down […]

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A Look at the Nation’s Strongest Housing Markets

Monday, December 19th, 2016 azrealtycom No Comments »

The real estate market appears to be on the verge of a national stabilization in early 2017, according to Realtor.com in a recently published analysis. And while the nationwide trend is one of commercial moderation, there are several metropolitan areas that seem likely to enjoy growth throughout the coming year. There is some variation to […]

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Housing News – Dec 16, 2016

Friday, December 16th, 2016 azrealtycom No Comments »

Rising mortgage rates aren’t dampening builders’ enthusiasm for the housing market. The NAHB housing market index rose to a 9-year high in December. The HAMP mortgage program expires December 31, 2016. It is being replaced with a new payment reducing Flex Modification foreclosure prevention program. Rising mortgage rates are not curbing demand, as inventory remains […]

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Mortgage News – Dec 16, 2016

Friday, December 16th, 2016 azrealtycom No Comments »

As expected, the Fed raised policy rates 0.25% at this month’s FOMC meeting. Bond yields jumped on the news, pressuring mortgage rates higher. The U.S. dollar is at the highest level since 2003, and stocks continue to hit all-time highs. Strong economic activity contributes to mortgage rates increasing. The Fed is expected to continue to […]

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