The Mortgage Brothers Show

A recent report by Street Scout identified the Phoenix Valley neighborhoods with fastest and slowest growing appreciation. Wondering where your neighborhood falls on the list? We’ve organized the Valley’s 10 fastest appreciating and depreciating zip codes in bullet format.

Phoenix Valley might not be the first name that comes to mind when it comes to real estate technology and apps, but that might be beginning to change. Recently, two real estate technology firms announced their plans to expand into the Phoenix market. Who are these vendors and how can local real estate agents and homeowners take advantage of their offerings?

Investment markets have been rocked by threats of an impending trade war with China, sending the Dow and Nasdaq indexes down sharply last week. But is there a connection to the real estate market here in the Phoenix Valley?

For Arizona homeowners, sites like AirBnB, HomeAway and VRBO have sparked a surge in popularity for short term rentals. Vacationers love the ability to rent a fully furnished vacation property in popular locations like the Greater Phoenix Valley, by the day, week or month, without being limited to stay in a hotel and eat in restaurants for every meal. They’re a popular choice for families and groups of friends who are vacationing together. Owners of vacation properties like the fact that short term rentals allow them to drive income from their second homes.

The weather may be cooling down in the Phoenix Valley, but the market – like many across America – remains hot. As real estate prices continue to rise, the Federal Housing Finance Administration (FHFA) has increased the conforming loan limit for Freddie Mac and Fannie Mae mortgages.

In the pre-holiday rush, it might have been easy to miss Catherine Reagor’s article in the Arizona Republic about a big-name investor that has signed on to the development of a previously pristine 24,800 acre swath of land at the western end of Phoenix Valley. The planned development, known as Belmont, runs for five miles along the north side of Interstate 10 between 330th Avenue and 371st Avenue.

There used to be a joke in the real estate industry that real estate marketing came down to the “4P’s” – Put a sign in the yard, Put it on the MLS, Place some ads and Pray. Today, you might want to replace a couple of these P’s with some new ones: Put together a video and Purchase a drone.

In honor of Halloween, a true tale of terror about the Phoenix Valley real estate market crash of 2004 – 2006.

If someone asked you about the two-year period that had the biggest impact on your professional life, what years would you pick? For many of us in the real estate and mortgage industry, those two years would have to be the period between 2004 and 2006.

PLF (‘Principal Limit Factor’, this is how they adjust for losses)- They lowered the floor rate from 5.06% to 3.00%

Last week, I wrote about a recent NAR study that discussed generational homebuyer trends nationwide. Age-based demographics can help us understand buyers since so much of a buyer’s decision-making has to do with their life stage. How does this play out in Phoenix Valley? Let’s break it down…

Arizona has long been seen as a haven for retirees. Millennials are now the nation’s largest home buying demographic. GenXers buy the most expensive homes. Hispanics are America and Arizona’s fastest growing population segment.

Listings are hard to come by in today’s tight inventory real estate market, but there’s one segment of sellers that seems eager to sell – Canadian real estate investors.