Phoenix Lifestyle & Real Estate
Charlene Spillum, Realtor ABR CRS CDPE - 480-782-9319 - Educated - Experienced - Enthusiastic
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
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.
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.
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
April Home Sales Increase
The National Association of Realtors (NAR) reported a 7.6% increase, to a 5,77 million annual rate with an increase in price and supply.
Will the home sales continue is the question. The tax credit for new home buyers clearly had an impact even though the buyers have until June 30, 2010 to close the deadline was April 30 to have a contract in place.
Analysts say the tax credit effects will fade and suggest the jobless rate will have an impact on the marke.
Please contact Charlene Spillum about the Arizona Market.
