Price Reduction on 3 bedroom Mesa Rental

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This 3 bedroom home for rent in Mesa is a large home 1600 square feet, formal living room, formal dining room and family room. There is a bonus room that was used as a 3rd bedroom it has a 1/2 bath in it separate entrance/exit, it has a security screen door also.There is a large screened in porch. This large unfenced lot comes with a gazebo in the back of the yard. This yard has a storage/workshop that comes with the property. All this and centrally located, near the 60, 202. Close to shops and the Banner Desert Hospital. Mesa School District Longfellow Elementary, Taylor Junior High School, Mesa High School, and Mesa Community College This great home rents for 950.00 Security Deposit 1,050.00 Call Bill to see this home 602-390-3096

Mortgage Rates Climb Sharply After Retail Sales Report

Mortgage Rates Climb Sharply After Retail Sales Report

Posted: 15 Mar 2012 05:45 AM PDT

True True (``````````` (``````````` 0 2057400 2876550 Retail Sales 2010-2012

The U.S. economy is expanding, fueled by a renewed consumer optimism and increased consumer spending.

As reported by the Census Bureau, Retail Sales in February, excluding cars and auto parts, rose 1 percent to $335 billion as 11 of 13 retail sectors showed improvement last month.

February markets the 19th time in twenty months that U.S. Retail Sales increased on a month-over-month basis.

Unfortunately, what’s good for the economy may be bad for Phoenix home buyers and mortgage rate shoppers. Home affordability is expected to worsen as the U.S. economy improves.

The connection between Retail Sales and home affordability is indirect, but noteworthy — especially given today’s broader market conditions.

First, let’s talk about affordability.

Last week, the National Association of REALTORS® released its monthly Housing Affordability Index, showing that homes are more affordable to everyday home buyers than at any time in recorded history. For buyers with median earnings buying median-priced homes, monthly payments now comprise just 12.1% of the monthly household income.

The real estate trade group considers 25% to be the benchmark for home affordability. Today’s payment levels are less than half of that.

The reasons why today’s homes are so affordable are three-fold :

Home prices remain relatively low as compared to peak pricing

Fixed- and adjustable-rate mortgage rates remain near all-time lows

Average earnings are increasing nationwide

Rising Retail Sales, however, can derail the trend. This is because Retail Sales measures consumer spending and consumer spending accounts for roughly 70 percent of the U.S. economy. As the economy expands, the forces that combined to raise home affordability so high begin to wane. 

First, in a recovering economy, mortgage rates tend to rise and, throughout 2012 and 2013, home prices are expected do the same. Second, as average earnings increase, it can spur inflation which is bad for mortgage rates, too. 

Home affordability is at all-time highs today. But, in part because of February’s Retail Sales data, we should not expect these levels to last. Mortgage rates are higher by 1/4 percent since the Retail Sales data was released — roughly $16 per $100,000 borrowed — and are expected to rise more throughout the spring home purchase season.

Retail Sales are up 6 percent from a year ago.

Thank you Mark Taylor for the information.

 

Lisa Hanawalt

A Better Realty.Net

480-655-0904

 

Fantastic Weather!

Today the weather is great, Great weather to hang out the laundry.  So my clothes pin bag is very holey.... it has to be replaced, so off to Wal-Mart I go and to my shock and surprise they do not have clothes pin bags, they have clothes pins, the line but Not the bag.... hmmmm

So when I got home I googled clothes pin bags, I found a really cute one, of course you have to make it.  That is just fine with me.  this week I will be making my clothes pin bag I may just make one for Julie also.I would make one for my sister however she doesn't hang clothes out....

Here is the link

http://thatwinsomegirl.blogspot.com/2009/12/laundry-just-got-whole-lot-cuter....

Have a great week!

 

Lisa

September's Housing Starts Report

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Finding Truth In September’s Housing Starts Report 

Posted: 20 Oct 2011 05:45 AM PDT

Housing Starts 2009-2011Headlines in newspapers can be misleading — especially with respect to housing figures. Media coverage of the most recent Housing Starts data serves as an excellent illustration.

Wednesday, the Census Bureau released its September Housing Starts report. In it, the government said that national Housing Starts rose 15 percent in September as compared to August 2011, tallying 658,000 units on a seasonally-adjusted annualized basis.

The September reading is the highest monthly reading since April 2010, the last month of last year’s home buyer tax credit.

The sudden surge in starts is big news for a housing market that has struggled of late, and the press was eager to carry the story. Here is a sampling of some headlines:

§ U.S. Housing Starts Rise 15%, Hit 17-Month High (MarketWatch)

§ Home Building Jumps 15% in September (ABC)

§ New Construction Surges In September (LA Times)

These headlines are each accurate. However, they’re also misleading.

Yes, Housing Starts did surge in September, but if we remove the “5 or more units” grouping from the Census Bureau data — the catgory that includes apartment buildings and condominium structures — we’re left with Single-Family Housing Starts and Single-Family Housing Starts rose just 1.7 percent last month.

That’s a good number, but hardly a great one. And for home buyers and sellers throughout Mesa and nationwide, it’s the Single-Family Housing Starts that matter most. Individuals like you and I don’t buy entire apartment buildings. Most often, we buy single-family homes. Therefore, that’s the data for which we should watch.

The good news is that media tales work in both directions.

Building Permits dropped 5 percent last month when the volatile 5-unit-or-more-units category was included from the math. Isolating for single-family homes, we find that permits were unchanged.

This is good housing because 82% of homes begin construction within 60 days of permit-issuance, hinting at a steady, late-fall housing market.

 

This was shared with me by Mark Taylor... you can reach him at Mark@awesomerates.com

Lisa Hanawalt   

A Better Realty.Net   

480-655-0904

 


I need a Seller CarryBack......or Investor!

Help!  I have the nicest Family that needs a home, the economy has been hard on them. Both of them are now working.... They are living with family and they are ready for their own home!  All Mom wants is a fenced backyard for her son to play in, and what a cutie he is!

I need a Seller that wants to sell their home and will play the bank.  Or I need an Investor that would be willing to purchase a home for them and let them purchase it from you.

If you are interested in either of these options to help this young family.... please give me a call.  I will have more information for you.

 

Lisa Hanawalt

A Better Realty.Net

480-655-0904

lisa@abetterrealty.net

Thank you in advance for your help! Lets help put one more family in a home!

 

 

 

Short Sale Mastermind meets tomorrow!

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Hi everyone,

Short sale mastermind is starting again…. If you are stuck on a file, need help finding that VP… bring your questions… this is agents helping agents…. If I have the info you need … I will be glad to help.

 

There is no selling at this mastermind group!  Just mastermind help.

I look forward to seeing you there.  11 am October 12, 2011

 

Great American Title

1630 S Stapley Dr. Ste 131

Mesa, Arizona, 85204

 

Lisa

Short Sale Mastermind Group

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Do you have questions about short sales? Do you have a file that is making you crazy? Are you wondering where you get answers if the bank just ignores you?

Come to Short Sale mastermind…. We share what we know; it is just agents helping agents! Great American Title provides their training room come be part of this discussion 1630 S Stapley Dr. Ste 131. Mesa, Arizona, 85204 Wednesday Oct 12, 2011 at 11:00 am.

I look forward to seeing everyone…. I am bringing Bank of America info to share

Lisa Hanawalt, A Better Realty.Net 480-655-0904