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 ReMax Balloon RE/MAX Chairman Dave Liniger was the featured guest last night on CNBC’s “The Kudlow Report” and debated with Gary Shilling about the value of home ownership in today’s market. Says Liniger, “I’m an optimist. I think we have population growth, we have family formation, and we have a dynamic economy in the United States… I think we’re going to come out of this okay too.” Review the video http://bit.ly/DLonCNBC ReMax Balloon Just released – The RE/MAX National Housing Report for July 2010 reveals that closed transactions in July were 27.8% lower and prices 1.3% higher than during July 2009., according to data from 54 major metro areas. View the full report at http://bit.ly/RmxReportJuly Visit Charlene’s Website to search the Multiple Listing Service
 Freeway Closures & Restrictions Weekend closures and restrictions allow more work to be done at once, so projects are completed in less time and on budget. That gives you more time to drive on a modern, well-maintained freeway system. For the latest weekend work schedule, sign up for ADOT If you are planning to travel around Phoenix Metropolitan Area. Check out Arizona Department of Transportation.  New Funding for Jobless Homeowners The Obama Administration announces 3 billion in new help for Jobless Homeowners today. Arizona, which was awarded $125.1 million in the first round of Hardest Hit funding to five states with high foreclosure rates, was the only one of those states to not receive additional funds. A Treasury Department spokesman said the latest round of funding is targeted at states with unemployment rates at or above the national average, and that Arizona is below the national average . More from Inman New Visit Charlene’s Website to search the Multiple Listing Service  Happy Birthday Charles When clients become part of your c extended family there is no better experience. Mary & Charles Kloeckner purchased a home through me a few years ago and have been an integral part of our family ever since. It is always a pleasure when they are part of the Holidays and outings. There is always laughter and Friday was no exception we had a nice lunch and Charles looks great in the Special Birthday Hat at McGraths. Happy Birthday Charles!  Home Buyers University You will find a growing library of workshops that you may view completely free of charge which will provide valuable information that you will need as you prepare for your home purchase. There is nothing being sold here so view them all at your earliest convenience.
Check out the Home Buyer University Free Online Workshops! Please visit www.CharleneSpillum.com for additional resources, information and to search our Multiple Listing Service (MLS).  Cash buyers account for more than 25% of U.S. real estate deals This may be a buyer’s market, but not all buyers are on equal footing in the homebuying process. Cash is still king, and those who have it are taking full advantage of the comparatively speedy and reliable closings they offer sellers. Cash buyers have made up at least a quarter of home purchasers since the beginning of 2010, a figure buoyed by more affordable home prices and a substantial volume of distressed properties. According to the National Association of Realtors’ monthly Realtors Confidence Index survey, buyers paid all in cash in 15 percent of transactions in October 2008, the first month the association conducted the survey. Fast-forward to May 2010, and an estimated 25 percent of transactions were in cash. That’s a jump from 12 percent in May 2009. From January through April, cash buyers’ share of transactions hovered at 26 or 27 percent, according to the NAR survey. more from Inman News M The last time mortgage rates were above 6% was in November 2008. At that time, the average rate was 6.33%, which meant a $200,000 loan would have carried a monthly payment of $1,241.86. At today’s rates that payment would be $1,043.29, or a savings of $198 a month. Mortgage rates are closely related to yields on long-term government bonds, which have been in demand on increasing worries about the health of the global economy according to bankrate.com “But despite the tremendous affordability brought about by record low mortgage rates and a sharp drop in home prices, consumers are reluctant to take the plunge into homeownership,” the group said. So how many of the people you know will be passing on this once in a lifetime opportunity. These are record low interest rates. Actually they are now at lifetime lows. This is a great time to purchase – give me a call 480-782-9319.  Home Buyers Tax Credit Deadline Extended House and Senate approve tax credit extension for buyers trying to complete purchases. President Obama is set to sign bill as early as tonight. If the closing date was not extended, it is estimated that nearly 180,000 homes sales would fall apart as borrowers backed out of real estate transactions.Whether or not you agree with the original tax credit policy it made a lot of sense to extend the closing date. The additional cost is relatively minimal, and it does not make sense to unfairly punish those who entered into deals with the expectation of receiving a credit who could not close due to any fault of their on. more…
 New Energy Efficient Homes in Gilbert The FIRST of its kind in America, Meritage Homes at Lyon’s Gate are as much as 80% More Energy-Efficient than typical existing homes. Offering the latest energy technology at no a…dditional charge, in homes priced from under $180,000. The opening of our Lyon’s Gate community marks a new era in home building, and is a prototype for future communities. Contact me if you would like to preview the model homes – 480-782-9319 or charlene@charlenespillum.com. |
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