3 bedroom 2.5 baths town home for rent in Gilbert AZ. Unit #70
This Town home will be open on Sunday April 29, 2012 from 1:00 pm - 3:00 pm, if you are looking for a wonderful home to rent, come check it out.
Sparkling Community Pool!
for directions Call Bill 602-390-3096.
for more information go to www.abetterrealty.net under homes for rent.
Mortgage Rates Climb Sharply After Retail Sales Report
Posted: 15 Mar 2012 05:45 AM PDT
True True (``````````` (``````````` 0 2057400 2876550The 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.
480-655-0904
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
The Horses have been busy with activities
This is the time of year everyone thinks about hayrides.
This ride was at an Elementary School in PV, the families have such fun.
Thank you!
If you are interested Give Bill a Call at 602-390-3096
A Western Adventure.net
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4
|
Finding Truth In September’s Housing Starts Report Posted: 20 Oct 2011 05:45 AM PDT
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 480-655-0904
|
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
Thank you in advance for your help! Lets help put one more family in a home!
We had great conversation in the group, Anne asked for copies of letters to send out to receive leads for short sales. I hope she will come back and share how it went; I would love to know what her ROI is.
see you next time at Mastermind
Lisa Hanawalt
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4
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
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