Are you having trouble finding a rental property in Phoenix right now? Well, you are not alone. Our rental inventory is a fraction of what it was a few years ago. Just to out things in perspective, in 2008,there were roughly 10,000 properties listed for rent in Metro Phoenix. Right now, there are less than 2200 homes or rent, … [Read more...] about No RENTS for the Weary
rent vs own
Rent or Buy Your Home…Which is Better?
Rent or buy? Gosh, isn't that the $64 Million Dollar question? And as many things go in real estate, the answer depends on your circumstances. Let's start with the current state of rentals here in Phoenix. In the ARMLS rental database the overall average lease rate for active listings is $1,820 per month and the … [Read more...] about Rent or Buy Your Home…Which is Better?
Can You Really Buy a House With Only $1000 in Your Pocket?
Sometimes! Have you been thinking about buying a house but figure you won't live long enough to save up that huge down payment? Never fear! Hope is here! Arizona has several down payment assistance programs that provide a grant to homeowners who qualify that shaves 3% off the minimum down payment. That's a huge chunk of … [Read more...] about Can You Really Buy a House With Only $1000 in Your Pocket?
The American Nightmare – Why More Homeowners are Walking Away
A recent article in the Wall Street Journal on Strategic Defaults caught my attention. The article discusses why more homeowners who find themselves underwater on the mortgage are making the decision that they are better off financially by defaulting on their mortgages and renting. Check out the entire article in the Wall … [Read more...] about The American Nightmare – Why More Homeowners are Walking Away