Information Overload

As the real estate market heads towards its rebound, I hear stories from clients, customers, brokers, other agents, news media, lenders, title companies and last but not least the government.  I have to admit that I am finding myself on information overload.  I hear one thing, but the stats show something else.Yes, the market in Arizona is in a rebound mode, with prices turning slightly higher and holding (due to lack of inventory) and foreclosures are down, which means the lenders are finally working with the distressed homeowners.  I am grateful, but I am also apprehensive.  I have been receiving information from lenders that lending on 540 credit scores is back, and not to insult anyone, because I also believe the credit reporting agencies are a joke; I see us heading down the same road we were just traveling, as 2006 came crashing down around us.

I am hopeful that the real estate market climbs at a steady, but strong pace, maybe not going over the 7 - 9% thresh hold per year.

Lenders and agents alike are spreading the word to clients that it is going to cost more to buy if you don't find your property now.  I was asked by a client how that is and what is meant by that.  The answer is straight forward.  Interest rates are inevitably going to rise.  This means if you don't buy now while the rates are low, the purchase will end up costing you more in the long run.

On a lighter and more jovial note, summer is almost gone in Arizona.  The temps will soon be cooling off and the desert will come to life again.  The Desert Botanical Gardens has a wonderful planting calendar with beautiful photos and planting ideas for the desert for every season of the year.  If you have been looking for some good landscaping ideas, this is a terrific resource.

If I can assist you with buying or selling residential, commercial or vacant land, please feel free to contact me www.maicalev.com.

Until next time.