Here is a video done by Channel 3 with some information on the Phoenix housing market and the new "Boomerang Buyer". The real estate market has shown some great improvement over the last 6 months and with home buyers now passing the two year window for repurchase, you are starting to see more Phoenix area home buyers entering the marketplace. With increased demand for housing and a limited inventory, you are starting to see prices increase across the valley. However you still have a number of new listings hitting the market that are priced too high, but as a home buyer the appraisal is still your protection from over paying in a hot market. The downside is that some home sellers don't want to deal with appraisal issues and may look to work with buyers
Some home shoppers say they are willing to spend thousands of dollars above the price of the home in order to have certain interior features.
The most coveted home features tend to center around the kitchen, such as stainless steel appliances and a kitchen island, says Errol Samuelson, president of realtor.com.
24/7 Wall St. used data from the National Association of REALTORS® to determine some of the most desired home features. Here are eight features that made the list and how much extra, on average, buyers say they’re willing to pay for having that feature in a home:
After 15 years in the Travel/Tourism Industry, I'm excited to enter into Real Estate, as a Broker with the Cascade Team. Ever since I was a child, I have had a passion for residential architecture and knew that one day I would take that passion and make it a career.
My husband and I have lived in Issaquah for 10 years and absolutely love it here. We enjoy raising our son in the wonderful community of Issaquah Highlands.
I'm a graduate of Washington State Universty and an active member of Hope on the Hill Guild, supporting Seattle Childrens Hospital.
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The 15-year fixed-rate mortgage reached a new all-time record low this week, averaging 2.61 percent, Freddie Mac reports in its weekly mortgage market survey. The 5-year adjustable-rate mortgage also reached a new record low this week of 2.58 percent.
This marked the fourth-consecutive week mortgage rates inched lower.
"The housing market is getting a boost with mortgage rates hovering at or near record lows,” says Frank Nothaft, Freddie Mac’s chief economist.
Freddie Mac reports the following national averages for mortgage rates for the week ending April
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Investors or sweat equity buyers alert! This is a very solid 4 BR/3 full BTH home that needs lots of comestic TLC. There are also a bonus room up and a den/office down where the garage was converted. It is conveniently located near Northgate, Greenlake