Archives for April 2016

Housing Affordability in Metro Phoenix

The Housing Affordability Index (HAI) is a measure of housing affordability for a family with a household income typical for a region. A value of 100 means that a family earning the median income for that area has just enough income to purchase a median priced home and handle the monthly mortgage payment. The higher that number goes, the more affordable home ownership is in that area. In an area rated with a 130 HAI, for example, a family earning the median income has 130% of the income … [Read more...]

Maricopa County Rents Spiraling out of control?

How hard is it out there for a renter? It seems like Maricopa County rents are spiraling out of control! I was recently talking to a colleague who's been trying to help a friend get into a rental. Listing after listing was gone before they could even do a quick walk through. So my colleague, being the super agent that she is, decided that she would show up at the next rental listing in which her friend expressed interest, as soon as it hit the MLS. And so she did...along with 10 other interested … [Read more...]

The Sellers Dilemma: Update Or Sell For Less?

The sellers dilemma: Sell an outdated home for a lower price, or invest in updating to get more money for your home. So you're thinking that in the next few years it will be time to trade in your current home for something bigger, smaller, located closer to family...or further away from family, depending upon your circumstances. You know that parts of your home are dated, and that getting top dollar for your home will require face lifts that range from minor tweaks to major reconstruction. … [Read more...]

Pathway to Purchase Increases Purchasing Power

  The Pathway to Purchase program increases purchasing power to homebuyers interested in certain cities in the valley. Those eligible will get a real boost to their bottom line in areas that experienced high rates of foreclosure during the housing recession. Buyers with a credit score of at least 640, earning less than $89,088 annually, could be eligible for downpayment assistance equal to 10% of their loan amount up to $20,000 in the following cities: Arizona City, Avondale, … [Read more...]

Acacia Crossing in Buckeye, Arizona

Over the past several years communities have sprung up in the far west valley, with lovely subdivisions and amenities that more urban residents dream of: parks and recreations centers, beautiful mountain views, easy access to the I-10 freeway, and newer homes at very affordable prices. Acacia Crossing in Buckeye is one of those subdivisions that is home to families that enjoy that Arizona lifestyle. With 3 - 5 bedroom homes ranging in square footage between 1500 and 2900, there are options to … [Read more...]