Survey: Spring Confidence to Heat Summer Market in Goodyear AZ.

Survey: Spring Confidence to Heat Summer Market

DAILY REAL ESTATE NEWS | TUESDAY, MAY 27, 2014

More buyers are saying that summer is the best time to purchase a home, according to the latest Prudential Real Estate Consumer Outlook Survey. 

More consumers say that the spring momentum will carry into summer, with the survey showing an eight-point jump over a year ago in those who view the summer as the best time to buy a home.

Overall, 77 percent of 2,500 consumers surveyed report having a favorable view of housing, a 12-point jump from one year prior. Millennials show the most optimism, at 85 percent. 

Nearly 70 percent of those surveyed say they are committed to buying or selling a home now, a six-point increase compared to Prudential's survey at the end of 2013. 

"Consumers understand that home valuations remain attractive and mortgage rates are still near historic lows, but with the brutal winter that extended into spring around the country, they really couldn't do much about it," says Earl Lee, president of Prudential Real Estate. "The optimism and enthusiasm we're seeing through the survey underscores consumers' motivations and pent-up demand. As more homes come to market and lenders ease their stringent underwriting guidelines, we anticipate busy times ahead in real estate."

Also among the survey's findings: 

• 78 percent of potential buyers say it will be easier to buy a home this spring, since "home owners want to sell."
• 63 percent of sellers say the improving economy and their perception of motivated buyers are increasing their optimism. 
• 76 percent of consumers say pent-up demand will create more competition for existing homes this season.
• 83 percent of buyers say they plan to buy a home sooner rather than later because they fear interest rates will rise.

Contact Rodney Barnes Real Estate for details on selling your Goodyear Home. 623-217-7548

Survey: Spring Confidence to Heat Summer Market

More Home Owners Remodel to Raise Home’s Value in Goodyear AZ.

More Home Owners Remodel to Raise Home’s Value

DAILY REAL ESTATE NEWS | THURSDAY, MAY 22, 2014

Home owners are remodeling their homes to increase the value, but they also are showing more desire to stay and enjoy their remodels before they move on.

Fifty-three percent of U.S. home owners say they are remodeling to increase the resale value of their home, but they have no plans to move in the next five years, according to a new Houzz & Home surveyof more than 135,000 respondents. Sixteen percent of remodelers say they plan to sell their home in the next two years.

One in five — or 22 percent — of the remodelers surveyed say they feel home prices are rising too quickly to consider moving yet. Twenty-four percent of respondents say they would prefer to move, but remodeling their home makes more economic sense.

The Millennial generation of home owners seem to be the most apt to move within the next five years, according to the survey. Thirty-six percent of them say they are remodeling to increase their home’s value with the intent to move to their next home soon.

Overall, the most popular renovation projects are bathroom remodels or additions and kitchen remodels. Home owners continue to devote the highest share of dollars to kitchen remodels, spending an average of $26,172.

That can vary drastically by region, however. Home owners in the Northeast and West tend to spend the most on their renovation projects at an average of $32,155 and $29,411, respectively, on their kitchens (compared to $23,946 in the Midwest and $21,894 in the South), according to the survey.

The most popular replacement projects are flooring/paneling/ceiling, followed by windows/doors and roofing.

The top challenges that home owners say they face when renovating are finding the right products, defining their style, making decisions with spouse/partner, and educating themselves.

More Home Owners Remodel to Raise Home’s Value



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Return of Equity Brings Back Cash-Out Refis for your Goodyear AZ. Home

Return of Equity Brings Back Cash-Out Refis

Return of Equity Brings Back Cash-Out Refis

DAILY REAL ESTATE NEWS | MONDAY, MAY 05, 2014

As home equity rebounds, cash-out refinances are making a comeback, The Los Angeles Times reports. In the wake of the housing boom, cash-out refinancing was derided as a practice wherein home owners used their home's equity like an ATM. But the situation has changed somewhat, as today's transactions are occurring under much tighter lending guidelines.

Quicken Loans estimates that about a quarter of new refinances are from cash-out refinancing. Freddie Mac reports that cash-out refinancings rose to 17 percent of all refinancings in the first quarter—compared to 14 percent during the same period last year.

Home owners are opting to use cash-out refinances for more financially sound purposes than in the past, says Bob Walters, chief economist for Quicken Loans. Walters says many of their borrowers are using it for debt consolidation. Charles Brown, Insignia Bank's chief executive, says many of their borrowers are using the money from the cash-out refinancings to consolidate high-cost credit card, mortgage, and other floating-rate debt into fixed-rate home loans.

But another type of cash-out client also is emerging, notes Paul Skeens, president and owner of Colonial Mortgage. Skeens says they're seeing investors from the recession who had purchased homes at bargain prices with little or no cash. These investors have built up equity in the past few years and are now looking to take out some cash to make new investments.

Source: “Cash-Out Refinancing Grows More Attractive for Borrowers With Equity in Their Homes,” The Los Angeles Times (May 2, 2014)

For more information about Homes for Sale in Goodyear and Phoenix Surrounding areas, please call Rodney Barnes Real Estate at 623-217-7548

30-Yr Mortgage Rate Edges Higher To 4.33% – Freddie Mac

30-Yr Mortgage Rate Edges Higher To 4.33% – Freddie Mac By Michael Aneiro Mortgage rates rose a bit in tandem with Treasury yields in the latest week, with the average 30-year fixed-rate mortgage rate climbing to 4.33% in the week ended today from a six-week low 4.27% a week ago, according to Freddie Mac’s (FMCC) latest weekly Primary Mortgage Market Survey. A year ago that rate averaged 3.40%. The average 15-year fixed-rate mortgage rate rose to 3.39% from 3.33% a week earlier and 2.61% a year ago. A similar 30-year mortgage rate measured by the Mortgage Bankers Association’s latest weekly survey rose to 4.49% in the latest week from 4.47% a week earlier. The average rate for jumbo loans of more than $417,000 remains below the rate for smaller loans, rising to 4.41% from 4.39% a week ago. That survey also showed mortgage applications fell by 3.3% in the latest week. For More Information about Homes for Sale in Goodyear and Phoenix Metro Call Rodney Barnes Real Estate at 623-217-7548 or visit Http://www.RodneyBarnesRealEstate.com

Many HOAs Are Underfunded

DAILY REAL ESTATE NEWS | TUESDAY, APRIL 22, 2014

More homeowners' groups may be operating with insufficient reserves, which could one day result in an unexpected increase in costs to home owners.

An estimated 70 percent of association-governed communities are underfunded, a rise from 60 percent a decade ago, according to a new report from the consulting firm Association Reserves.

Associations that lack adequate reserves may impose large special assessments for emergency repairs, says Robert Nordlund, Association Reserves' founder. What’s more, home owners who don’t pay could then face liens against their property, or the association could even have the power to foreclose on them.

Housing experts urge home buyers to ask for a copy of the homeowner group’s most recent reserve study and ask about the percentage of residents who are more than 60 days delinquent on their fees. It affects the association’s cash flow, and when “you’re buying into a nonprofit corporation, you need to find out if that corporation is stable,” Nordlund notes.

Source: “Homeowners Associations Are Short on Cash,” Kiplinger’s Personal Finance (April 2014)

Many HOAs Are Underfunded



For more information on Goodyear and Phoenix Metro Homes for sale. Call Rodney Barnes Real Estate at 623-217-7548 or visit http://www.RodneyBarnesRealEstate.com

Do Organic Home Remedies for Lawn Care Work? Check this out from Rodney Barnes Real Estate

• 

  (New!)

  Do Organic Home Remedies for Lawn Care Work?

  Think you’re smart and thrifty feeding flat beer to your lawn? Think again. Home remedies for lawn care may cost you more than you think. Read

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

Read more: http://members.houselogic.com/download/web/#ixzz2yQxkoA00 Follow us: @houselogic on Twitter | houselogic on Facebook

Shadow Inventories Are Quickly Vanishing, Report Says

Shadow Inventories Are Quickly Vanishing, Report Says

DAILY REAL ESTATE NEWS | FRIDAY, APRIL 04, 2014

For the past three years, the shadow inventory has declined year-over-year and posted double-digit declines for the past 16 consecutive months as the housing market continues to heal, Anand Nallathambi, president and CEO of CoreLogic, says in the company’s February 2014 National Foreclosure Report.

The national residential shadow inventory was 1.7 million homes in January – a 23 percent year-over-year drop from 2.2 million in January 2013. Foreclosures also continued to fall last month, dropping to 43,000 in February, 15 percent lower than year ago levels.

“Although there is good news that completed foreclosures are trending lower, the bigger news is the impressive decline in the foreclosure and shadow inventories,” said Mark Fleming, chief economist for CoreLogic. “Every state has had double-digit, year-over-year declines in foreclosure inventory, which is reflected in the $70 billion decline in the shadow inventory.”

Over the past year, shadow inventory has been falling at an average monthly rate of 41,000 units, CoreLogic reports. The states that hold 42 percent of all distressed properties in the nation are: Florida, California, New York, New Jersey, and Illinois.

Other highlights from the report:

• About 752,000 homes were in some stage of foreclosure or known as “foreclosure inventory” as of February 2014 – a 35 percent drop over year ago levels.
• 1.9 million mortgages – or 4.9 percent – were in serious delinquency by the end of February. Serious delinquency is defined as loans that are 90 days or more past days and includes loans in foreclosure or REO.
• The five states with the highest foreclosure inventory in February (as percentage of all homes with a mortgage) were: New Jersey (6.2%); Florida (6%); New York (4.7%); Maine (3.4%); and Connecticut (3.2%).
• The five states with the lowest foreclosure inventory in February were: Wyoming (0.3%); Alaska (0.4%); North Dakota (0.5%); Nebraska (0.5%); and Colorado (0.6%).

For more information about Homes for Sale in Goodyear AZ. Call Rodney Barnes Real Estate at 623-217-7548

Most expensive homes sold in metro Phoenix this past week

PNI9:04 a.m. MST March 30, 2014

Wells Branch Enid Ltd., a Texas limited partnership whose principals are Marvin and Norma Myers through their MN-Wells Branch LLC, paid $7.15 million in cash for a 14,511-square-foot house with a pool built in 2010 on nearly 2½ acres northeast of the Silverleaf Club in Scottsdale.

(Photo: John McLean/The Republic)

STORY HIGHLIGHTS

• A former Dallas developer, a skin-care products distributor, a Cincinnati investment advisor, a former executive of a paper products for restaurants manufacturing company, a Scottsdale mortgage broker, a family of doctors and the president of quick-cash loan centers, are among the buyers and sellers in this week's priciest home sales.
• Wells Branch Enid Ltd., a Texas limited partnership, whose principals are Marvin and Norma Myers through their MN-Wells Branch LLC, paid $7.15 million in cash for a 14,511 square-foot home with pool built in 2010 northeast of the Silverleaf Club in Scottsdale on nearly 2 1/2 acres.

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$7,150,000

Wells Branch Enid Ltd., a Texas limited partnership whose principals are Marvin and Norma Myers through their MN-Wells Branch LLC, paid cash for a 14,511-square-foot house with a pool built in 2010 on nearly 2½ acres northeast of the Silverleaf Club in Scottsdale. Marvin Myers, who died in 2011, was a Dallas developer who developed and built over 20,000 single family and apartment homes. His wife, Norma, oversees the interior design of Conservatory Senior Living communities and is responsible for the asset management. It was sold by Carey S. Williams through his trust. Carey Williams is CEO of WR Group Inc., a distributor of skin-care products with headquarters in Scottsdale.

$6,850,000

Villa 14, a Delaware limited liability company, bought a 7,223-square-foot house with a pool built in 2000 northeast of Mummy Mountain in Paradise Valley. The home was sold by John and Susan Carlyle. He is CEO of Sheridan Healthcare in Sunrise, Fla.

$6,500,000

Mark and Melissa Matson purchased a 9,738-square-foot house with a pool built in 2008 in the Silverleaf Club in Scottsdale. He is the founder and CEO of Matson Money Inc., an investment advisor firm based in Cincinnati. The house was sold by Robert and Rosalind Cauffman. He served as president and chief operating officer of Dopaco Inc., a manufacturer of paper goods for the restaurant and foodservice industries in the U.S. and Canada. It became a subsidiary of Reynolds Group Holdings Ltd. in May 2011.

$4,160,000

Stuart Moss paid cash for a 11,675-square-foot house with a pool built in 2008 at Camelback Lands in Paradise Valley. The home was sold by Francis and Dafna Madia through their limited liability company. Francis "Frank" Madia is president of Equitable Home Mortgage in Scottsdale.

$3,600,000

Christopher and Irene Biggs purchased a 7,223-square-foot house with a pool built in 2000 northwest of McCormick Park in Paradise Valley. Christopher Biggs is a radiation oncologist, and Irene Biggs is a pediatrician, both practicing in the Valley. The house was sold by Scott and Catherine Allen. He is president of Cash Time Title Loans, located throughout the Phoenix and Tucson areas.

Researched by John McLean and the Information Market.

http://www.azcentral.com/story/money/real-estate/2014/03/30/most-expensive-homes-sold-in-metro-phoenix-this-past-week/7081147/

Call Rodney Barnes Real Estate for information about Homes for Sale in Goodyear AZ. 623-217-7548

More Focusing on Paying Down Mortgage in Goodyear AZ.

More Focusing on Paying Down Mortgage

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More Focusing on Paying Down Mortgage

DAILY REAL ESTATE NEWS | THURSDAY, MARCH 20, 2014

As home prices rise, consumers are once again prioritizing their mortgage payments over paying down credit card debt, according to a new report from TransUnion. It’s the first time since 2008 that borrowers have shifted their focus back to mortgage debt ahead of credit card debt.

Mortgage delinquencies are falling, too. The delinquency rate dropped to 1.71 percent in December, down from 3.32 percent in September 2008.

Following the housing crisis, many home owners were underwater on their mortgages, and some stopped making mortgage payments a priority, TransUnion notes.

“As unemployment rose and home prices cratered, many borrowers chose to value their credit card relationships above their mortgages,” says Ezra Becker, vice president of research and consulting at TransUnion. “When people lose jobs, they need credit cards as a source of liquidity.”

While consumers are placing more of a focus on paying their mortgages, the debt they still prioritize above mortgages continues to be auto loans, TransUnion reports.

Source: “Borrowers Paying Mortgages Over Credit Cards Again,” CNNMoney (March 19, 2014)

For more information about Homes for Sale in Goodyear AZ. Contact Rodney Barnes Real Estate at 623-217-7548 or visit http://www.RodneyBarnesRealEstate.com

Arizona State study ranks top U.S. cities, states in 2013 job growth.

Arizona State study ranks top U.S. cities, states in 2013 job growth - East Valley Tribune: Arizona: Posted: Friday, March 21, 2014 7:55 am

By Julian Osorio, ABC15.com

A new study released by Research Professor Lee McPheters of the W.P. Carey School of Business at Arizona State University has identified the top 10 cities and states for job growth in 2013.

The study listed figures from the U.S Bureau of Labor Statistics.

According to the report, Phoenix non-agricultural job growth increased 2.7 percent ranking seventh nationwide, while Arizona’s overall non-agricultural job growth increased 2.1 percent ranking tenth in the country.

"Metro Phoenix economic-development efforts seem to be paying off, since both of these industries pay nationally competitive salaries and attract college-educated workers," says McPheters. "This growth is happening in Phoenix more rapidly than anywhere else."

The job-growth rate increased 1.7 percent in the U.S. adding over 2 million jobs in 2013, the report says.

Top 10+ cities and surrounding metro areas (1 million or more workers) for non-agricultural job growth, comparing 2013 to 2012:

1. Riverside, Calif. - up 4 percent

2. San Francisco - up 3.9 percent

3. Denver - up 3.6 percent

4. Houston - up 3.5 percent

5. Orlando, Fla. - up 3.2 percent

6. Seattle - up 2.8 percent

7. Phoenix - up 2.7 percent

8. Dallas - up 2.6 percent (four-way tie)

8. Los Angeles - up 2.6 percent (four-way tie)

8. Miami - up 2.6 percent (four-way tie)

8. San Diego - up 2.6 percent (four-way tie)

Top 10 states for non-agricultural job growth, comparing 2013 to 2012:

1. North Dakota - up 3.6 percent

2. Utah - up 3.2 percent

3. California - up 3 percent

4. Colorado - up 2.9 percent (tie)

4. Texas - up 2.9 percent (tie)

6. Nevada - up 2.7 percent

7. Idaho - up 2.6 percent

8. Florida - up 2.5 percent

9. Washington - up 2.2 percent

10. Arizona - up 2.1 percent

According to the report, the lowest ranked cities for job growth in 2013 were Pittsburgh, Philadelphia, St. Louis and Cleveland, which all added less than 1 percent.  

The bottom 10 states for job growth in 2013 included South Dakota, Virginia, Maine, New Mexico, Vermont, Wyoming, Alaska, Pennsylvania, Arkansas and West Virginia, the report says.

Contact Rodney Barnes Real Estate today at 623-217-7548 for Homes for Sale in Goodyear AZ and Surrounding Areas or visit http://www.RodneyBarnesRealEstate.com

Economist: What 2014 Holds for Real Estate

Economist: What 2014 Holds for Real Estate

DAILY REAL ESTATE NEWS | THURSDAY, MARCH 20, 2014

Veteran housing economist David Berson, formerly of Fannie Mae and PMI Group, shares his thoughts on what the public needs to know about the housing market this year. 

First, he predicts that 2014 will be the strongest year for housing activity since prior to the recession. Most economists expect an improved job market in the months ahead, with employment growth accelerating and the jobless rate continuing to fall. This will be the key factor improving housing demand in 2014, even if mortgage rates climb and affordability declines. 

Additionally, demographics should start to favor housing activity. To this end, the demographic factor most affecting the residential property sector is household formation. "Household formations are affected by the job market, as people 'double-up' when worried about their job and income-earning prospects," Berson writes. "The Great Recession and the modest job recovery in the years following induced many people who might have lived independently to move in together." 

Berson and colleagues estimate the economy is short by more than 3 million households. If the economy expands at a faster clip in 2014, bringing a more rapid rate of job creation, that should translate into more households, which in turn should raise housing demand.  

Finally, Berson says mortgage availability should not worsen between now and the end of December and may actually expand.

Source: "Economist: 3 Major Things You Need to Know About the 2014 Housing Market," Housing Wire (March 17, 2014)

Want more information about Homes for Sale in Goodyear and Surrounding areas? Call Rodney Barnes Real Estate at 623-217-7548 or visit http://www.RodneyBarnesRealEstate.com

5 REASONS TO SELL IN GOODYEAR AZ NOW

5 REASONS TO SELL NOW

Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? Can buyers qualify for a mortgage?  These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are five of those reasons.

1. The Most Serious Buyers Are Out Now

Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. These buyers are ready, willing and able to buy…and are in the market right now!

2. There Is Less Competition Now

Housing supply always grows from the spring through the early summer. The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale.

3. The Process Will Be Quicker

One of the biggest challenges of the 2014 housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen.  Selling now will make the process quicker and simpler.

4. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 19% from now to 2018. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now. Rates are projected to be well over 5% by this time next year.

5. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and decide whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

You already know the answers to the questions we just asked. You have the power to take back control of the situation by pricing your home to guarantee it sells. The time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

Call Rodney Barnes Real Estate at 623-217-7548 for More Information on Homes for Sale in Goodyear AZ. 

by The KCM Crew on March 18, 2014 in For Sellers

Boomerang Buyers Making Moves to Return to Home Ownership

Now that the worst of the foreclosure crisis is in the rearview mirror, former home owners who lost their homes to a short sale or foreclosure are re-entering the housing market. They've spent the last few years rebuilding their credit — and they're ready to buy again. 

"We're about three years past the peak of the foreclosures, and that's about the time when most people would qualify for another loan," says Daren Blomquist, spokesman for RealtyTrac. "The market really needs boomerang buyers to maintain the current recovery."

Some boomerang buyers heading back to the housing market may find they have to make down payments of at least 20 percent to qualify for a loan, but others are finding opportunities to put down as little as 3.5 percent or 5 percent. 

The wait times for qualifying for a loan can vary depending on the former home owners' circumstances. Typically, the wait times following a short sale or foreclosure are as follows: 

• Seven-year wait for home owners with a previous foreclosure before they can qualify for a new mortgage through mortgage giants Fannie Mae and Freddie Mac. If the foreclosure was  included in a bankruptcy, the borrower has to wait only four years.
• Two-year wait for home owners who underwent a short sale before they're eligible for another Freddie Mac and Fannie Mae loan. 
• Three-year wait for home owners seeking a Federal Housing Administration loan after a foreclosure or short sale. Some home owners who underwent a foreclosure because of at least a 20 percent cut in their pay may be able to qualify for a new mortgage after just a year through FHA's Back to Work program. 

Source: "'Boomerang' Buyers Get Another Chance at Homeownership," Sun Sentinel (Feb. 24, 2014)

http://realtormag.realtor.org/daily-news/2014/02/25/boomerang-buyers-making-moves-return-home-ownership

For more information about Homes for Sale in Goodyear contact Rodney Barnes Real Estate at 623-217-7548

Baby Boomers considering buying in metro Phoenix’s newest community

By By Catherine ReagorThe Arizona RepublicFri Feb 21, 2014 3:54 PM

Baby Boomers considering buying in metro Phoenix’s newest community for people 55 and older will have four homebuilders from which to choose: Lennar, Maracay Homes, Standard Pacific and T.W. Lewis.

The builders recently completed deals worth about $41 million overall to buy land in the Victory District within Verrado in Buckeye. About 417 home lots are planned on the land sold.

Scottsdale-based developer DMB hired architects, universal-design experts and kitchen and bath designers to coach the homebuilders on how the lifestyle, needs and motivations of Baby Boomers differ from traditional homebuyers.

Design plans for the houses are being completed now. The first phase of houses will be for sale in January. Sizes will range from 1,400 to 3,000 square feet on four different-size lots.

Victory home prices are expected to range from the $200,000s to more than $500,000.

“By collaborating with multiple builders, Victory plans to offer its residents more choice, quality and personalization than other communities constructed by a single homebuilder,” said Nick Taratsas, DMB senior vice president and general manager of Victory. “No other developer has spent this kind of time and attention to educate builders on the specific needs of Baby Boomers.”

Victory is going up on 1,200 acres within the 8,800-acre Verrado.

Some cautionary advice about reverse mortgages

Reverse mortgages can be a viable option for anyone older than 62 facing foreclosure. But home-loan experts advise borrowers to be careful because they still can lose their home with a reverse mortgage.

New mortgage rules could offer more protection.

Homeowners looking at tapping the equity in their house through a reverse mortgage need to investigate all fees, interest rates and options involved with one of these loans before signing on the dotted line, said Don Frommeyer, national president of the Association of Mortgage Professionals.

“In premise the reverse mortgage sounds ideal, as older Americans can pay off any outstanding debt and have an additional source of funding,” he said. “I think one of the main issues with reverse mortgages is that people don’t realize how expensive they are. There is an origination fee, an upfront mortgage-insurance fee and a variety of additional fees that can result in a significantly smaller lump sum than expected.”

New rules for reverse mortgages, recently set by the Federal Housing Administration, are supposed to ensure borrowers have enough income to afford the loans. That income can include Social Security payments and savings.

Reverse-mortgage brokers in metro Phoenix advise people thinking of taking out one of the loans to make sure they can still afford property taxes and other costs to maintain their houses.

http://www.azcentral.com/business/realestate/articles/20140214buckeye-community-wooing-boomers.html

For More Information on Buckeye Homes and Goodyear Homes for Sale, Contact Rodney Barnes Real Estate at 623-217-7548.

Arizona's five hottest business districts

Arizona's five hottest business districts

By Catherine ReagorThe Republic | azcentral.comThu Feb 20, 2014 1:51 PM

Arizona's five hottest business districts 
What are the five hottest business districts in the state?  At the Urban Land Institute's ninth annual Arizona trends day held this week, a panel moderated by Mesa Mayor Scott Smith presented these five:

1. Chandler: The Price Corridor
2. ASU Stadium District 
3. Downtown Tucson
4. Loop 303 Corridor
5. Phoenix Mesa Gateway Airport

http://www.azcentral.com/business/realestate/articles/20140219arizonas-five-hottest-business-districts.html

For more Information on Homes for Sale in Goodyear AZ. Call Rodney Barnes Real Estate at 623-217-7548

IRS makes records of past tax returns available online | Inman News

Ability to download past tax returns online handy for mortgage applications and IRS audits!

Just in time for tax season, the IRS has launched a new online Get Transcript portal that taxpayers may use to obtain records of past tax returns — also called “transcripts” by the IRS.

By using the portal, taxpayers can download and print their transcripts immediately. In the past, they had to be obtained by postal mail, a process that took five to 10 business days. The IRS has given the portal a soft launch, so there hasn’t been much publicity about it.

IRS transcripts are often used to validate income and tax filing status for mortgage applications, and student and small-business loan applications. They can also come in very handy when you’re doing your taxes, or are being audited by the IRS or other tax agency, and can’t find a prior return in your records.

Get Transcript allows taxpayers to obtain five types of transcripts from the IRS:

Tax return transcripts: These are the most complete transcripts. They show most line items from your tax return a (Form 1040, 1040A or 1040EZ) as it was originally filed, including forms and schedules. However, this transcript does not reflect any changes made after you filed your return — for example, if you later amended your return for the year. A return transcript will usually meet the requirements of lending institutions offering mortgages and student loans. These transcripts are available for tax years 2011-2013.

Tax account transcripts: These are not as complete as return transcripts. They show only basic data, including marital status, type of return filed, adjusted gross income and taxable income. However, they include any adjustments either you or the IRS made after you filed your return. These transcripts are available for tax years 2010-2012.

- See more at: http://www.inman.com/2014/01/27/ability-to-download-past-tax-returns-online-handy-for-mortgage-applications-and-irs-audits/#sthash.Y3EAQmkv.6OpmyIW1.dpuf

IRS makes records of past tax returns available online | Inman News



For more information about Goodyear Homes for Sale. Contact Rodney Barnes Real Estate at 623-217-7548

Condo Revival Slowly Emerging?

Condo Revival Slowly Emerging?

DAILY REAL ESTATE NEWS | MONDAY, FEBRUARY 03, 2014

The condo market is on an upswing, but sales are still more than 30 percent short from its peak.

From 2009 to 2013, condo sales increased more than 55 percent, while total existing home sales rose by 29 percent during that time period, according to National Association of REALTORS® data. In comparison, during the boom years between 2001 and 2005, condo sales rose more than 50 percent and existing-home sales increased by 37 percent.

While the share of condo sales to total existing-home sales is nearing pre-recession levels, the number of sales is still not at its peak, the CoStar Group notes.

“Today’s condo market does not involve the irrational speculation of the mid-2000s, when renters fled apartments to get a share of the expanding home price pie,” CoStar Group reports. “A portion of the current sales are often to foreign investors in condo-rich markets like South Florida and to current home owners looking to downsize.”

In its latest existing-sales housing report, NAR reports that the median existing condo price was $198,600 in December, up 10.9 percent over year-ago levels.

Source: “A Look at the Growing Condo Market,” CoStar Group (Jan. 31, 2014)

For more information about Goodyear Homes for Sale Contact Rodney Barnes Real Estate at 623-217-7548

New Goodyear Home For Sale. NO HOA. RV Parking. 3-Car Garage. Stainless Appliances. Ready to Move in and More.

Click on the link below to preview virtual tour and see more pictures.
New Goodyear Home For Sale. NO HOA. RV Parking. 3-Car Garage. Stainless Appliances and More

 RV Parking Allowed. RV Gate. NO HOA. 3-Car Garage. Slab Concrete for RV. Single Level. Front Yard Landscaping. Neutral Paint. Tile in all the Right Places. Formal Living Room and Dining Room. Family Room. Open Kitchen with plenty of counter space. Stainless Appliances, Kitchen Island. Water Softener. 3 Bedroom plus Den/Office. 2 full Bathrooms. Large Master with separate shower/tub and double sinks. Inside Laundry. Ceiling Fans. Window Treatment. Clean Home Just waiting for you. *Seller to Purchase 1-Year Home Warranty for Buyer up to $350.00 at Successful close of Escrow*

Compliments from Rodney Barnes Real Estate 623-217-7548

Happy Sunday -- here is your weekly market snapshot for Real Estate activity in the Phoenix metro area. This last week saw another increase in active listings -- however, pending sales had a big jump meaning that buyers are very active!!!!! Have an awesome Day!

For More information about homes for sale in Goodyear AZ. Call Rodney Barnes Real Estate today 623-217-7548

Why You'll Likely Pay More for Housing in 2014

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By Vera Gibbons




















While we're just a few weeks into the New Year, you've likely seen headlines showcasing what will cost more this year. You'll have to dig even deeper into your pocket to pay for everything from food to stamps to college education, travel, healthcare and more. In fact, even your biggest expense -- housing -- is getting pricier in 2014:

HOME VALUES
Zillow Projections: +3% nationally in 2014 -- While 2013′s double-digit gains in home appreciation were certainly economically beneficial (home prices are back at their peak levels in some areas), let's be realistic: they're not sustainable.This year, expect home values to continue to rise but at a more modest, balanced pace of about 3 percent, nationwide.

HOME LOANS
Zillow Projections: 5% -- As the Fed tapers its bond-buying programs and the economy continues to improve, expect mortgage rates to rise from a current level of about 4.6 percent to 5 percent by the end of 2014, making homes more expensive to finance. For example, the monthly payment on a $200,000 loan will rise by about $160. But there's a silver lining for potential home buyers: it should be easier to get a mortgage this year because higher rates have slashed refinancing activity, prompting some banks to ramp up their purchase lending. Additionally, there will be more inventory on the market, and less competition from investors, as the home-buying process becomes less frenzied.

HOME RENTS
Zillow Projections: +2.5% nationally in 2014 -- Rents have been rising for some time and there's no end in sight, especially now, when the market is seeing limited supply coupled with high demand. The foreclosure crisis, tight credit conditions and economic uncertainty have forced more Americans to rent. Expect rents to continue to rise throughout 2014, so budget accordingly. Research prices in your area with tools such as Zillow's Rent Index, maintain good credit, and consider bringing in roommates so that you don't become a statistic. According to a recent report byHarvard Joint Center for Housing Studies, half of all U.S. renters are spending more than 30 percent of their income on rent, up from 19 percent a decade earlier.

http://realestate.aol.com/blog/2014/01/22/housing-cost-increases-2014-zillow/

Looking for information on Homes for Sale in Goodyear AZ? Call Rodney Barnes Real Estate at 623-217-7548