Down Payment Assistance Programs: City of Phoenix Open Doors
The City of Phoenix Open Doors Homeownership down payment assistance program is designed to assist qualifying first-time homebuyers attain their dream of owning an affordable home in the city of Phoenix, Arizona. Based on the need of the applicant, the program provides up to $15,000 to be put towards the down payment and/or closing costs. […]
Down Payment Assistance Programs: VA Loans
Military veteran homebuyers (including surviving un-remarried spouses), both new and experienced, have quite a few options when it comes to securing a loan to purchase their house, townhouse, or condo. Perhaps an overlooked choice is the Veteran Affairs, or VA, Loans, a loan financed by the U.S. Department of Veteran Affairs. These loans are worth […]
Down Payment Assistance Programs: 3 Percent Down Conventional Loans
One of the more common loans on the market is the 3 percent down conventional loan (also known as a Conventional 97 loan). The 3% down loan is attractive to those without large down payments and applies to the majority of borrowers due to not needing to be part of a specific income bracket or […]
Down Payment Assistance Programs: Arizona USDA Loan
When it comes to buying a home in Arizona, many are aware of FHA and VA loans, but don’t know that there’s a third government loan program available to Arizona home buyers: the Arizona USDA Loan. Originally created to assist potential low- to moderate-income purchasers in rural areas, the USDA loan is designed to help […]
Latinx Homebuyer Boom Coming, Says Report
A Latinx homebuyer boom is predicted according to a new report. Arizona is one of the top five states in the country that has added Latinx homebuyers in the past decade, with nearly 82,000 new homeowners. The study, “Datos: The State of Arizona’s Hispanic Market,” by the National Association of Hispanic Real Estate Professionals has […]
Five Valley Zip Codes with the Biggest Home Price Increases
Despite a general cooling of the American housing market, five Valley zip codes have remained scorching hot home price-wise. According to a recent report from Zillow, while a good portion of the country’s housing market is slowing down, the Phoenix metro area remains strong with home prices climbing over 32% in the last twelve months. […]
Relocating to Phoenix: A Top Destination
Relocating to Phoenix, AZ has become a top choice for moving homebuyers in the third quarter of 2021, according to a recent report from Redfin. Quarter three of this year has seen more than 30% of Redfin’s users move to a different metropolitan area, though that number is down from just over 31% in Q2. This […]
Average Price of New AZ Home Has More Than Doubled
Fulton Homes, Arizona’s largest privately owned and operated homebuilder, had observed the average price of a new home in AZ jump from $170,000 to almost $430,000. Prior to the pandemic, the homebuilding industry showed trends toward smaller, simpler houses. Now, however, that trend has grown along with price tag. As more people spend their time […]
Five Trendy Arizona Real Estate Markets
Arizona is a beautiful place to live with many hot spots, but where are the trendy Arizona real estate markets? First, let’s back up and see what got us here. The last couple of years has been a roller coaster. Between a worldwide pandemic and a turbulent presidential election, the economy has been shaken. And […]
Phoenix House Flipping Market Ranks 3rd Despite Falling Profit Margins
The Phoenix house flipping market ranks near the top in the country, according to a recent ATTOM second quarter 2021 report on the topic. In Q2, 79,733 single-family homes and condos were flipped nationwide, accounting for just under five percent of all home sales in the same quarter. Over 8 percent of homes sold in […]