Mortgage Rates Climb Sharply After Retail Sales Report

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Posted by admin | Posted in Uncategorized | Posted on 15-03-2012

Mortgage Rates Climb Sharply After Retail Sales Report

Posted: 15 Mar 2012 05:45 AM PDT

True True (“““““` (“““““` 0 2057400 2876550 Retail Sales 2010-2012

The 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.

 

Lisa Hanawalt

A Better Realty.Net

480-655-0904

 

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Fantastic Weather!

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Posted by admin | Posted in Uncategorized | Posted on 08-01-2012

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

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The Most Expensive Zip Codes

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Posted by admin | Posted in Uncategorized | Posted on 04-11-2011

  

ve ZIP Codes In The County (2011 Edition)

Posted: 04 Nov 2011 05:45 AM PDT

Most Expensive ZIP CodesIn the housing market, amenities and location have as much to do with a home’s value as the everyday forces of supply-and-demand. Whereas the latter causes home values to rise and fall over time, the former creates a starting point for said values. 

Where you live — and the features of your home — determine your home’s price range. Naturally, homes in some areas are consistently higher-valued than homes in others.

Using data compiled by real estate market data firm Altos Research, Forbes Magazine presents America’s 10 most expensive ZIP codes. California and the New York Metro area dominate the list.

Alpine, NJ (07620) : $4,550,000

Atherton, CA (94027) : $4,295,000

Sagaponack, NY (11962) : $3.595,000

Hillsborough, CA (94010) : $3,499,000

Beverly Hills, CA (90210) : $3,469,891

New York, NY (10012) : $3,392,574

New York, NY (10013) : $3,317,962

Water Mill, NY (11976) : $3,300,000

Montecito, CA (93108) : $3,099,348

Old Westbury, NY (11568) : $3,095,000

In fact, of the top 50 most expensive ZIP codes, only 6 are located outside of California and New York regions. 3 are Colorado resort towns — Snowmass (81654), Aspen (81611) and Telluride (81435) — one is in Maryland, one is in Florida, and the last is in Washington State.

Chicago-suburb Kenilworth (60043) is the top-ranked Midwest ZIP code. It placed 86th overall.

The Forbes list may be interesting but, to home buyers or sellers in Mesa , it should not be the final word in home values. Real estate is a local market which means that — even within a given ZIP code — prices can vary based on street and neighborhood.

Look past general data and get specific. Talk to your real estate agent for local market pricing.

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The Most Expensive ZIP Codes In The County (2011 Edition)

Posted: 04 Nov 2011 05:45 AM PDT

Most Expensive ZIP CodesIn the housing market, amenities and location have as much to do with a home’s value as the everyday forces of supply-and-demand. Whereas the latter causes home values to rise and fall over time, the former creates a starting point for said values. 

Where you live — and the features of your home — determine your home’s price range. Naturally, homes in some areas are consistently higher-valued than homes in others.

Using data compiled by real estate market data firm Altos Research, Forbes Magazine presents America’s 10 most expensive ZIP codes. California and the New York Metro area dominate the list.

Alpine, NJ (07620) : $4,550,000

Atherton, CA (94027) : $4,295,000

Sagaponack, NY (11962) : $3.595,000

Hillsborough, CA (94010) : $3,499,000

Beverly Hills, CA (90210) : $3,469,891

New York, NY (10012) : $3,392,574

New York, NY (10013) : $3,317,962

Water Mill, NY (11976) : $3,300,000

Montecito, CA (93108) : $3,099,348

Old Westbury, NY (11568) : $3,095,000

In fact, of the top 50 most expensive ZIP codes, only 6 are located outside of California and New York regions. 3 are Colorado resort towns — Snowmass (81654), Aspen (81611) and Telluride (81435) — one is in Maryland, one is in Florida, and the last is in Washington State.

Chicago-suburb Kenilworth (60043) is the top-ranked Midwest ZIP code. It placed 86th overall.

The Forbes list may be interesting but, to home buyers or sellers in Mesa , it should not be the final word in home values. Real estate is a local market which means that — even within a given ZIP code — prices can vary based on street and neighborhood.

Look past general data and get specific. Talk to your real estate agent for local market pricing.

Thank you to Mark Taylor  for the information   you can reach  Mark@awesomerates.com

 Lisa Hanawalt

ABetter Realty.Net   480-655-0904   1-888-456-4097

 

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Happy Halloween

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Posted by admin | Posted in Uncategorized | Posted on 31-10-2011

The Horses have been busy with activities

Doc_and_kate_pulling_a_ride

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

Bill_and_sammy_horsing_around

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September’s Housing Starts Report

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Posted by admin | Posted in Uncategorized | Posted on 20-10-2011

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Finding Truth In September’s Housing Starts Report 

Posted: 20 Oct 2011 05:45 AM PDT

Housing Starts 2009-2011Headlines in newspapers can be misleading — especially with respect to housing figures. Media coverage of the most recent Housing Starts data serves as an excellent illustration.

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

Lisa Hanawalt   

A Better Realty.Net   

480-655-0904

 


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I need a Seller CarryBack……or Investor!

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Posted by admin | Posted in Uncategorized | Posted on 19-10-2011

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

lisa@abetterrealty.net

Thank you in advance for your help! Lets help put one more family in a home!

 

 

 

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Short Sale Mastermind Group

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Posted by admin | Posted in Uncategorized | Posted on 19-10-2011

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

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Short Sale Mastermind meets tomorrow!

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Posted by admin | Posted in Uncategorized | Posted on 11-10-2011

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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

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Short Sale Mastermind Group

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Posted by admin | Posted in Uncategorized | Posted on 08-10-2011

Short_sale_help_button

Do you have questions about short sales? Do you have a file that is making you crazy? Are you wondering where you get answers if the bank just ignores you?

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

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Bank of America Help

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Posted by admin | Posted in Uncategorized | Posted on 30-09-2011

I want to thank everyone from BofA that has emailed and Jonathan that called this morning to get this FHA Short Sale moving along.

Jonathan, thank you so much for your help this morning.

I was worried that this short sale would be hard, as it isn’t in the equator system. However this response has been great!

 

Lisa Hanawalt

A Better Realty.Net

480-655-0904

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