We’ve talked about the single-family home supply and demand in recent blogs, specifically how there are fewer and fewer homes available under $200,000, yet still many buyers at that price point. We referenced how this is good for the condo market, though supply continues to go down while prices go up, making for an interesting situation for first-time home buyers. Single-family homes under $200,000 are often seen as the entry point for first time home buyers and a comfortable price point for retirees and empty Continue Reading
How much do you need for a down payment on your Arizona golf home?
You know that saving for and collecting a down payment is one of the first steps in the home buying process. But do you know how much do you actually need for the down payment? A lot of consumers are still under the assumption that they will need to save 20% of the purchase price of their new home as the down payment. But, while 20% will put you in a good position, it is certainly not necessary anymore. According to the Cromford Report and the latest Ellie Mae Origination Insight Report, the average Continue Reading
