Tag Archives: Phoenix

How to Calculate the ROI of Your Geographic Farm

Consider the following to evaluate the Return on Investment (ROI) for a farm. You have selected a farm of 600 houses. The farm turnover rate is 9%. The average sales price of a house in your farm is $250,000. You … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment

How a Realtor creates a geographic farm

For newer agents the concept of farming might be unchartered territory. I define farming as targeting a specific community in which you solicit the majority of the neighborhood for business. The concept is to establish and brand you as THE … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

We are not in a housing bubble

Mortgage titan Fannie Mae depends on Douglas G. Duncan, its chief economist, to keep a close eye on the nation’s housing market. Duncan met with Times editors and reporters in Los Angeles this week to share his views on where … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Home Prices Continue to Increase

Home prices in May experienced the largest year-over-year increase nationwide since February 2006, according to CoreLogic’s latest Home Price Index. This increase of 12.2% annually marked the 15th consecutive monthly increase in home prices nationally. “It’s been more than seven … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

The Cliff and Your Real Estate Business

The housing market and the housing industry have escaped a potential blow on several fronts now that lawmakers have at least partially resolved Washington’s “fiscal cliff” budget morass. A bill passed by Congress on Tuesday to pull the nation back … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

A rebound off the bottom

Home prices during the first half of 2012 posted their strongest gains in six years, the clearest sign that more U.S. housing markets have hit bottom. But the housing market remains far from normal. Hitting a bottom shouldn’t be confused … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Bank of America – Paying it back?

Bank of America has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an average of $150,000 each. The reduction for qualifying homeowners could amount … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Fed to keep Interest Rates Low

By Don Lee, Los Angeles Times March 26, 2012, 10:50 p.m. ARLINGTON, Va.— — Federal Reserve Chairman Ben S. Bernanke, worried that recent labor market improvements could fizzle because of weak economic growth, signaled that he was poised to keep … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , | Leave a comment

HARP Loans have not hit yet

Mortgage applications decreased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 17. The Refinance Index decreased 4.8 percent from the previous week. The seasonally … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment

Arizona’s Piece of the Pie!

Arizonans will divide up about $1.6 billion from a nationwide settlement announced Thursday with five major mortgage lenders. The cash is part of a $26 billion pact to settle claims that the lenders acted improperly and illegally in dealing with … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment