Saturday, March 21, 2009
HOME BUYERS IN AVONDALE TO GET FINANCIAL ASSISTANCE
'Home buyers may be eligible for financial assistance on lender owned properties in Avondale. The program can provide up to $ 30,000 for down payments, up to $ 5,000 for closing costs and up to $ 45,000 in repairs. Monetary assistance will be provided in the form of no-interest due-on-sale loans which must be repaid when the home is sold. Avondale invites prospective Buyers to find out more information by calling Housing Our Communities at 480-649-1335 or Avondale's Department of Neighborhood Family Services, 623-333-2700." as quotedin the Arizona Republic 3/18/2009 David Madrid
Wednesday, March 18, 2009
Real Estate Tid Bit!
SELLERS SOMETHING TO KEEP IN MIND...............
YOUR PROPERTIES SHOWINGS ARE A DIRECT INDICATOR OF MARKET ACCEPTANCE ON PRICING. NO SHOWINGS MEANS YOUR PRICED TOO HIGH. FEW SHOWINGS MEAN YOUR REASONABLY PRICED. REGULAR SHOWINGS AND NO OFFERS MEAN YOUR STILL PRICED TOO HIGH. A SIGNIFICANT NUMBER OF SHOWINGS AND ONE OR MORE OFFERS MEANS YOUR PRICED CORRECTLY. DON'T DELAY IN MAKING YOUR HOME THE NEXT BEST BUY IN THE NEIGHBORHOOD!
YOUR PROPERTIES SHOWINGS ARE A DIRECT INDICATOR OF MARKET ACCEPTANCE ON PRICING. NO SHOWINGS MEANS YOUR PRICED TOO HIGH. FEW SHOWINGS MEAN YOUR REASONABLY PRICED. REGULAR SHOWINGS AND NO OFFERS MEAN YOUR STILL PRICED TOO HIGH. A SIGNIFICANT NUMBER OF SHOWINGS AND ONE OR MORE OFFERS MEANS YOUR PRICED CORRECTLY. DON'T DELAY IN MAKING YOUR HOME THE NEXT BEST BUY IN THE NEIGHBORHOOD!
Monday, March 16, 2009
Are Homes Selling?
Are Homes Selling?
Short answer: Depends on where you look.
On the plus side for Arizona, while the National Association of
Realtors index of pending home sales was down in almost every
region of the country, it was up in the West. Clearly, foreclosed or
bank owned properties continue to fuel robust sales, while putting
downward pressure on the market value of all surrounding properties.
Estimates are that 30% of Arizona homeowners are 'upside down'
(negative equity). We expect this trend to continue. Translated, this
means that if you are inclined to sell, you may do better sooner than
later!
In the Valley, home sales are tracking at roughly 5,000 sales per
month. Specifically, January 2009 MLS sales were 4,792 versus 2,912
for January 2008.
At Russ Lyon Sotheby's International Realty, state-wide we posted
$176,663,835 in sales for the month of February. Approximately
half of that volume were sales under $500,000. However, true to our
'pedigree', according to the Arizona Regional Multiple Listing Service
data, Russ Lyon Sotheby's International Realty had the highest volume
in the luxury market (sales over $1 million) for the past 12 months.
Homes are selling--at a faster pace under $500,000 where conforming
conventional loans (mortgage amounts up to $417,00) and FHA loans
(up to $346,250) are readily available. The credit crisis continues to
most seriously impact the activity above $500,000, where 'jumbo
loans' require borrowers to have credit scores of 660+ and down
payments from 20 to 35%, depending on the loan amount.
Please call me today to answer any of your real estate questions and concerns. Don't hesitate to call 480.353.8231.
Jeannine
--------------------------------------------------------------------------------
Short answer: Depends on where you look.
On the plus side for Arizona, while the National Association of
Realtors index of pending home sales was down in almost every
region of the country, it was up in the West. Clearly, foreclosed or
bank owned properties continue to fuel robust sales, while putting
downward pressure on the market value of all surrounding properties.
Estimates are that 30% of Arizona homeowners are 'upside down'
(negative equity). We expect this trend to continue. Translated, this
means that if you are inclined to sell, you may do better sooner than
later!
In the Valley, home sales are tracking at roughly 5,000 sales per
month. Specifically, January 2009 MLS sales were 4,792 versus 2,912
for January 2008.
At Russ Lyon Sotheby's International Realty, state-wide we posted
$176,663,835 in sales for the month of February. Approximately
half of that volume were sales under $500,000. However, true to our
'pedigree', according to the Arizona Regional Multiple Listing Service
data, Russ Lyon Sotheby's International Realty had the highest volume
in the luxury market (sales over $1 million) for the past 12 months.
Homes are selling--at a faster pace under $500,000 where conforming
conventional loans (mortgage amounts up to $417,00) and FHA loans
(up to $346,250) are readily available. The credit crisis continues to
most seriously impact the activity above $500,000, where 'jumbo
loans' require borrowers to have credit scores of 660+ and down
payments from 20 to 35%, depending on the loan amount.
Please call me today to answer any of your real estate questions and concerns. Don't hesitate to call 480.353.8231.
Jeannine
--------------------------------------------------------------------------------
Wednesday, March 11, 2009
The Beauty of Color!!
NOTHING TRANSFORMS A SPACE MORE THAN COLOR!!
Want to know which colors are in for 2009- The new colors for 2009 are hot off the press from the color marketing group that dictates the colors we use in fabrics, accessories and paint colors. This year, neutrals are inspired by nature and purity. The spectrum extends from pure whites to clear blacks. Greys take on a monochromatic tone and encompass both cool and warm greys.
* Browns & Beiges - Think sand infused tea shades, rich coffee and chocolate tones and warm browns like those found in a stick of cinnamon.
* Red- We all love red. Red represents energy and has a modern feel to it. Think of a ripe tomatoe, strawberries or a pomegranite. Be careful where you add this color, it tends to raise your blood pressure.
* Yellow - Mellow yellow. Imagine a banana, corn lemons or canary yellow. Youv'e got the perfect shade of yellow for 2009.
* Orange- Orange is hotter than ever when added with copper and ginger metallics.
* Blue- Think cool slate, deep indigo, royal blue. Blues are so cool...........Blue is soothing and relaxing. A home could always use a blue room here in the desert.
Want to know which colors are in for 2009- The new colors for 2009 are hot off the press from the color marketing group that dictates the colors we use in fabrics, accessories and paint colors. This year, neutrals are inspired by nature and purity. The spectrum extends from pure whites to clear blacks. Greys take on a monochromatic tone and encompass both cool and warm greys.
* Browns & Beiges - Think sand infused tea shades, rich coffee and chocolate tones and warm browns like those found in a stick of cinnamon.
* Red- We all love red. Red represents energy and has a modern feel to it. Think of a ripe tomatoe, strawberries or a pomegranite. Be careful where you add this color, it tends to raise your blood pressure.
* Yellow - Mellow yellow. Imagine a banana, corn lemons or canary yellow. Youv'e got the perfect shade of yellow for 2009.
* Orange- Orange is hotter than ever when added with copper and ginger metallics.
* Blue- Think cool slate, deep indigo, royal blue. Blues are so cool...........Blue is soothing and relaxing. A home could always use a blue room here in the desert.
Wednesday, March 4, 2009
Color Forcast for 2009
NOTHING TRANSFORMS A SPACE MORE THAN COLOR!!
Want to know which colors are in for 2009- The new colors for 2009 are hot off the press from the color marketing group that dictates the colors we use in fabrics, accessories and paint colors. This year, neutrals are inspired by nature and purity. The spectrum extends from pure whites to clear blacks. Greys take on a monochromatic tone and encompass both cool and warm greys.
* Browns & Beiges - Think sand infused tea shades, rich coffee and chocolate tones and warm browns like those found in a stick of cinnamon.
* Red- We all love red. Red represents energy and has a modern feel to it. Think of a ripe tomatoe, strawberries or a pomegranite. Be careful where you add this color, it tends to raise your blood pressure.
* Yellow - Mellow yellow. Imagine a banana, corn lemons or canary yellow. Youv'e got the perfect shade of yellow for 2009.
* Orange- Orange is hotter than ever when added with copper and ginger metallics.
* Blue- Think cool slate, deep indigo, royal blue. Blues are so cool...........Blue is soothing and relaxing. A home could always use a blue room here in the desert.
STAY TUNED FOR MORE DECORATING TIPS-
Want to know which colors are in for 2009- The new colors for 2009 are hot off the press from the color marketing group that dictates the colors we use in fabrics, accessories and paint colors. This year, neutrals are inspired by nature and purity. The spectrum extends from pure whites to clear blacks. Greys take on a monochromatic tone and encompass both cool and warm greys.
* Browns & Beiges - Think sand infused tea shades, rich coffee and chocolate tones and warm browns like those found in a stick of cinnamon.
* Red- We all love red. Red represents energy and has a modern feel to it. Think of a ripe tomatoe, strawberries or a pomegranite. Be careful where you add this color, it tends to raise your blood pressure.
* Yellow - Mellow yellow. Imagine a banana, corn lemons or canary yellow. Youv'e got the perfect shade of yellow for 2009.
* Orange- Orange is hotter than ever when added with copper and ginger metallics.
* Blue- Think cool slate, deep indigo, royal blue. Blues are so cool...........Blue is soothing and relaxing. A home could always use a blue room here in the desert.
STAY TUNED FOR MORE DECORATING TIPS-
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