Sherri Schwartz HOMESMART
3131 E. Camelback Rd Phoenix, AZ 85016
Office: 602 390-0083 Fax: 866 277-1792
sherri503@gmail.com
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SEARCH FOR HOMES IN THE METRO PHOENIX AZ AREA USING FLEXMLS®, THE OFFICIAL MLS SYSTEM THAT REALTORS USE.
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Outstanding home 2021 E. Vista Ave. $669,000
Meticulously rebuilt in 2007! 4 bedroom, 2.5 baths with 3272 Sq. Ft. on a 1/3 acre lot. Travertine floors, Soaring Ceilings and Large Dual Pane windows through out. Spacious open gourmet kitchen w/ solid alder "soft close" cabinets, granite counters, stainless appliances, gas cook top, monogram hood, island w/ a breakfast bar and a built in desk. Great Mbr w/ huge w/in closet with built-ins, a balcony overlooking the city & Mountain . Mbr bath has garden tub, walk in shower and granite counters. 20x20 family room with french sliding doors opening to a big backyard with dramatic views... fenced pebble-tech pool with waterfall, large patio and fire pit -great for entertaining, lush landscaping and grassy play yard. This home has it all, it's the premiere home in the "PEAK"!


May 7, 2012 If you're still looking for that bargain - better buy soon !!
Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market. With home prices down 34% nationally since 2006 and mortgage rates at historic lows, homes have never been more affordable -- but it won't stay this way for much longer.
Stuart Hoffman, chief economist for PNC Financial Services, said he expects home prices to flatten out by the third quarter and start climbing by next year. A number of factors will help bolster the housing market, he said, including a decline in the number of foreclosures and continued job growth. In addition, homebuyers will have better access to mortgages as they get their finances in order and improve their credit scores. "This is a strong indicator that we will start seeing home price indexes, like the S&P/Case-Shiller, start to report home price increases this summer," he said.
Prospective homebuyers who've been sitting on the fence shouldn't worry if they aren't quite ready to make the leap. Analysts are predicting that the initial price gains will be modest, at least, in most markets.
From Les Christie - CNN Money
April 12, 2012
Foreclosure Proceedings Can Make or Break Local Market Recovery
The housing market seems to be on the upswing, and some experts say that by 2014, the market will be back on track. Last week NAR noted that investment properties are on the rise, and the National Institute of Home Builders reports that contractors have high expectations for remodeling this year.. According to data from the Federal Housing Finance Agency, home price indexes for 38 states ended 2011 above their early-year lows and 30 states reported more than two quarters of growth by the end of 2011.
However, Kiplinger.com notes that how each individual state recovers will depend largely on how it deals with foreclosures; in states that require judicial review before signing off on a foreclosure, backlogged properties can slow down the progress in the market. States that do not require judicial review—like Texas and Delaware—are speeding through foreclosure processes in impressive time. In Florida, it can take over 800 days to complete a foreclosure; in Arizona, it can take less than 200. This may be part of the reason Phoenix gained 2.7 percent in the fourth quarter, despite its 55 percent plunge from 2006 levels.
Posted By susanne On April 2, 2012 In Consumer News and Advice
| Mortgage Rates |
National |
Average
Rate* |
| 30-Year Fixed |
3.75% |
| 15-Year Fixed |
3.03% |
| 5/1 ARM |
3.68% |
| * Conforming FNMA Loan Amount. Rates may include points.
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Information updated: 5/17/2012
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