This article in the Arizona Republic is a great question and answer session concerning the new Housing Bill. Take some time and read through the article and I guarantee that you will understand the Bill much better. This should really clear things up a bit. Enjoy your Monday. -Jenny
Did you know that the homebuilders in Arizona do not want to give 10-year structural warranties anymore? As voters in the upcoming election, you were going to vote on Proposition 201 which had a portion stating that homebuilders would no longer be required to give buyers that 10-year warranty. A recent article in the East Valley Tribune tells us that a judge is not allowing this portion of the Proposition because of the language used on the petitions. Apparently, the petition's description of the new proposition was confusing to potential signers. Let's hope the lawyer for the homebuilders does not win an appeal on this case. The 10-year warranty on new residential AND commercial buildings is an important one - we don't want to lose it. -Jenny
Your first question may be... what equity? But for those of you who purchase your home more than 4 years ago - there should be a great deal of equity in your home. This article from the Universal Press Syndicate, tells us what you should be cashing out equity for and what you should NEVER be cashing out your equity for. Let me know if you agree with the writer, Ellen James Martin.
Enjoy your week. -Jenny
Hey, it's Friday - what a great day! In case you have not seen the new logo in the top right hand corner of this homepage... David and I have changed companies. We are excited to be a part of US Preferred Realty. They have a lot of great resources for us as Realtors and for you, as the buyer and/or seller. Call us with any questions that you may have concerning our switch. We continue to be committed to our clients and will work hard for your referrals. The US Preferred Realty website can be found at www.usprefrealty.com. Have a wonderful weekend. -Jenny
Did anyone see the EV Tribune article about one of the largest equipment rental companies in the US signing a 5-year lease in Gilbert? NES Rentals wants to grow their business in the East Valley. More businesses = more potential buyers = good for our real estate market. I love this!
Kids are back in school -- enjoy! Jenny
That is the big question. The President is set to sign the bill today with it going into effect on October 1st. The bill calls for lenders to take big losses on their current loans. The Wall Street Journal's article covering this topic, states that it is unsure how much of a loss these banks will take and on what type of loans. You would think that banks would rather restructure a loan and keep the client paying on that loan, rather than lose the house in a foreclosure... that's what the government is banking on anyway... The government says this could help up to 400,000 people keep their homes - let's hope it really works. Less foreclosure homes on the market means less inventory which helps all those "regular" sellers who are just trying to move up, move on or scale down. I'm all for that! Have a great week. -Jenny
A recent article in the East Valley Tribune talked about keeping an "eye" on your house while you are vacationing or away on business. I've heard of neighbors watching your house or having someone "house sit", but watching your home yourself with a webcam? The article tells you how to start and what you need to make this happen. Check it out and let me know if this sounds like something you want to start doing. Have a great week. -Jenny
Good news? Looks that way... the recent sales data from the Arizona Regional Multiple listing service indicates that Phoenix is one of only 15% of all areas in the US with an increase in the last quarter numbers. The article listed on John Hall and Associates website shows that we are among the best when it comes to "recovering markets". I'll take that! Enjoy your week. -Jenny
