As the end of your lease approaches and the desire to become a homeowner grows stronger, it’s crucial to plan ahead for a smooth transition. One essential step in this process is getting prequalified with a lender well in advance. Don’t wait until the last minute, as you’ll want ample time to address any financial […]
First-time homebuyers are struggling to purchase homes due to the fluctuating and expensive housing market. According to the June Cromford report, “On June 29, Freddie Mac announced that it will increase homeownership opportunities for first-time homebuyers by considering on-time rent payments as part of the company’s loan purchase decisions”. Thus, making it easier for people […]
The process for getting a mortgage and qualifying for a loan can vary depending on the lender and the type of loan you’re applying for. However, there are some general steps that most homebuyers go through when obtaining a mortgage: Check your credit score and report: Before applying for a mortgage, you should check your […]
Imagine a $1 billion, 60-acre resort oasis destination rising from the Arizona desert landscape. Imagine a hotel room transforming into the most incredible concert seat to view world-renowned artists and entertainers performing from the $40 million VAI stage in an unprecedented amphitheater and live entertainment venue. Imagine an island escape inspired by the most exotic beaches in the world now set at […]
The Federal Housing Finance Agency (FHFA) House Price Index report for the first quarter 2022 indicated all 50 states and the District of Columbia had house prices increases over the year with the nation at an 18.7% increase. The Mountain division had the biggest upturn in prices over the year with 24.0%, which makes sense when you […]
For years, the average home sale price in Phoenix has been increasing, but the Valley is starting to experience a slight cool down period. According to the March 2023 Cromford report, the monthly median sales price in Greater Phoenix was $420,000, compared to a median of $462,000 last year. This is coupled with the fourth […]
According to the Cromford Report, the median home price in Phoenix dropped from $480,000 in May to $460,000 in July. And while a slower summer market and sellers overpricing their homes explain much of the decrease, it’s true Phoenix values aren’t climbing at the same rates seen earlier this year. That said, it is still a seller’s market based […]
In 2015, the City of Glendale hosted Super Bowl XLIX, where the New England Patriots forged a stunning comeback win against the Seattle Seahawks. Eight years later, fans from across the nation gathered once again in Glendale for Super Bowl LVII, but the city — and the whole West Valley — has transformed since Tom […]
Arizona has long been a refuge, attracting people from other parts of the country for a variety of reasons. From agreeable weather, to tolerable taxes, to a lower overall cost of living, the desert is enticing for homebuyers across all income brackets — and lately — more so for some of the country’s highest earners looking […]
From storing funds for a down payment to never settling for just one rate, here are seven answers to the question, “What are the most important things everyone should know as a first-time home-buyer in the current economic climate in the US?” Build Equity by Saving Up for Down Payment Look into Helpful Resources Remember […]