Mortgage rates are on the rise. Could that derail sales? According to First American’s Potential Home Sales model, even if the 30-year fixed-rate mortgage rose to 5 percent, the impact on the housing market would be modest. Many economists are predicting that the 30-year fixed-rate mortgage will average 5 percent by the end of […]
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If you’re planning to buy a home in Phoenix, Flagstaff or Prescott, do it now, because prices are going up for the next few years. Investments in single-family rental properties have good potential mainly in Phoenix. Apartment developments have the best potential in Phoenix, where splitting homes into rental units is also attractive, and in
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Summer doesn’t mean work is scarce in Arizona. Here are more than 80 companies, government entities and non-profit organizations collectively advertising more than 30,000 open positions across Arizona this month. Each of these employers is looking to fill at least 100 jobs. Accenture, hiring 140. The company provides management consulting, as well as technology and
Arizona Is Hiring! Read More »
The Monday Morning Quarterback A quick analysis of important economic data released over the last week The national economy continues its advance. Leading indicators continue to increase. Single family housing continues to advance both nationally and locally. Overall, the latest data indicates that the economy continues to move forward. And because everyone loves rankings:
U.S. & Local Economy Continue to Grow Read More »
For Buyers: For the first time since November 2014, supply is higher than it was the previous year. This is generally good news for buyers, as it means there are more listings competing for their attention. However, buyers looking for homes under $200,000 will find this is not true. The Phoenix Metropolitan area is
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The Monday Morning Quarterback A quick analysis of important economic data released over the last week The latest employment data and revisions from 2015 show Arizona and its major metro areas have been performing better than originally thought. The first of two major revisions show that Arizona employment in 2015 was up 2.6% compared
ELLIOTT D. POLLACK & Company FOR IMMEDIATE RELEASE April 4th, 2016 The Monday Morning Quarterback A quick analysis of important economic data released over the last week The latest employment data shows that the U.S. economy continues to advance despite fears of a global economic slowdown. Not only was employment up another 215,000
The Monday Morning Quarterback A quick analysis of important economic data released over the last week The good news this week belongs to Arizona. Employment growth rates have clearly improved. As of January, the state is up 3% over a year ago. But, more impressively, Greater Phoenix is up 3.6% over a year ago.
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Mortgage rates dropped significantly today, officially hitting the lowest levels in almost exactly 1 year. For most lenders, that means a conventional 30yr fixed rate quote of 3.625% for top tier borrowers, though there are still quite a few lenders at 3.75%. That’s an important point to keep in mind today as several lenders are still
Mortgage Rates Are Incredibly Low! Read More »
Many Boomers tired of waiting for the real estate market to improve to sell their homes might want to consider making a move now. The housing market appears to be stabilizing and home sales are picking up. And, while owners may not get as much for their homes as they would have several years ago,
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