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Old 09-13-2012, 03:28 PM
 
Location: Mesa, AZ
363 posts, read 932,063 times
Reputation: 237

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Did your closing go through?

On a second note being that I am a FED, not all Govt employees are inapt. You should support your govt employees being firefighters, cops or county clerks . I am sure you do like us when we save your house and life...
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Old 09-13-2012, 05:53 PM
 
Location: Centennial, CO
2,296 posts, read 3,109,862 times
Reputation: 3801
Quote:
Originally Posted by matyoka View Post
Did your closing go through?

On a second note being that I am a FED, not all Govt employees are inapt. You should support your govt employees being firefighters, cops or county clerks . I am sure you do like us when we save your house and life...
True. There are inept people in ALL lines of work, not just in government!
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Old 09-13-2012, 06:49 PM
 
2,809 posts, read 3,195,758 times
Reputation: 2709
Talk about a bazooka. With today's QE3 I think higher home prices in Phoenix are all but guaranteed. Additionally, I think we will see higher mortgage rates for the following reason: QE3 will reduce the spread between MBS and treasuries (= lower mortgage rates), but increase treasury rates (see what happened following QE2 last fall). The later effect will overcompensate the spread depression IMO.
In addition, look at the homebuilders, what a stock rally! The XHB ETF is up almost 50% year-to-date. This is a signal up now the same way it was a signal down from 2004 at the time. I don't think the Phoenix housing market will take any prisoners here. From a sentiment perspective, I think both bull markets, in stocks as well as Phoenix homes, are the most hated bull markets I have ever seen. Everyone is running away and screaming panic, fraud and what not.
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Old 09-14-2012, 08:50 AM
 
357 posts, read 714,187 times
Reputation: 427
Quote:
Originally Posted by matyoka View Post
Did your closing go through?

On a second note being that I am a FED, not all Govt employees are inapt. You should support your govt employees being firefighters, cops or county clerks . I am sure you do like us when we save your house and life...
It did go through last Friday! Moving and getting miscellaneous work done around here has made me incredibly busy but I'll write a recap when I have a chance.

Recording the deed seemed to be the only part that did go smoothly . At that point I was frustrated by the process and had taken a very cynical mindset, so apologies if I offended. I also more meant general government bureaucracy or red tape getting in the way, not individual employees. Regardless, I'm glad it's all over, as a first time homebuyer I'm sure some things were completely normal but stressed me out since I hadn't gone through it before.
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Old 09-14-2012, 08:52 PM
 
Location: LEAVING CD
22,974 posts, read 27,100,053 times
Reputation: 15645
Quote:
Originally Posted by liz451 View Post
It did go through last Friday! Moving and getting miscellaneous work done around here has made me incredibly busy but I'll write a recap when I have a chance.

Recording the deed seemed to be the only part that did go smoothly . At that point I was frustrated by the process and had taken a very cynical mindset, so apologies if I offended. I also more meant general government bureaucracy or red tape getting in the way, not individual employees. Regardless, I'm glad it's all over, as a first time homebuyer I'm sure some things were completely normal but stressed me out since I hadn't gone through it before.
They may be normal for here but here is not normal for anyplace else we've every bought a house and yes, the process can get quite frustrating for the uninitiated on top of all the other things you're trying to schedule and get to fall in place.
Congrats on making it through!
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Old 09-15-2012, 08:53 AM
 
384 posts, read 597,861 times
Reputation: 837
A bounce in Phoenix real estate prices is no surprise. The combination of massive reductions in home values and record low interest rates are a perfect combination for some recovery. You can own a 3 bedroom home there for less than what it costs for many 1 bedroom apartment rentals.
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Old 09-15-2012, 09:19 AM
 
344 posts, read 815,648 times
Reputation: 375
Phoenix-area rental homes a red-hot commodity
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Old 09-15-2012, 10:51 AM
 
Location: Anchored in Phoenix
1,942 posts, read 4,582,483 times
Reputation: 1784
I'm biased toward North Scottsdale, Cave Creek, and Fountain Hills for my place I will buy. I'm certain I will buy my SFH within the next four years if this Bernanke drunken party continues. And Bernanke is telling us he will continue this drunken party to 2015. If the near-zero interest rates have a price boost effect on Phoenix houses like some of you predict, stock prices will still outperform real estate and I won't be left in the dust. I don't follow the garbage slogan "buy now or be locked out forever" - I heard that in 2006. My reason for buying real estate in the northeast valley in such a time frame is not about gain in the future - I don't anticipate price gain on any real estate since I'm used to price declines (my own house I had and my parents' house) for decades. I just like those areas for now. My other idea is to move to New Hampshire, but I don't think I could handle the weather and the small towns. Remember we have big spending cuts and tax increases ahead, so the Bernanke party may be nullified by it. 1 million additional people the next seven years will be out of work. And let's not forget the returning veterans from the Middle East wars. They need work too.
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Old 09-16-2012, 05:52 AM
 
Location: Gilbert - Val Vista Lakes
6,069 posts, read 14,815,059 times
Reputation: 3876
The monthly sales have begun to increase again, and the average price per square foot for Pending listings is increasing. It is now 3.7% higher than last month, at $96/sf (in all areas for all types) which is an indication of Sold price increases during the next couple of months.

Gilbert sold 419 homes since August 13, and that is the highest since the month of May. That places Gilbert as number 3 in the number of sales; higher than Chandler and Scottsdale.

Phoenix is number one and Mesa is number 2 in number of sales.
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Old 09-16-2012, 08:33 AM
 
Location: LEAVING CD
22,974 posts, read 27,100,053 times
Reputation: 15645
Quote:
Originally Posted by Howard Roark View Post
I'm biased toward North Scottsdale, Cave Creek, and Fountain Hills for my place I will buy. I'm certain I will buy my SFH within the next four years if this Bernanke drunken party continues. And Bernanke is telling us he will continue this drunken party to 2015. If the near-zero interest rates have a price boost effect on Phoenix houses like some of you predict, stock prices will still outperform real estate and I won't be left in the dust. I don't follow the garbage slogan "buy now or be locked out forever" - I heard that in 2006. My reason for buying real estate in the northeast valley in such a time frame is not about gain in the future - I don't anticipate price gain on any real estate since I'm used to price declines (my own house I had and my parents' house) for decades. I just like those areas for now. My other idea is to move to New Hampshire, but I don't think I could handle the weather and the small towns. Remember we have big spending cuts and tax increases ahead, so the Bernanke party may be nullified by it. 1 million additional people the next seven years will be out of work. And let's not forget the returning veterans from the Middle East wars. They need work too.
The interesting fallout from this last QE is being predicted to slow housing sales near term since good 'ol Ben has said interest rates will stay on the ground floor for a few years. Without some kind of motivation as in a deadline or indication of rates going up why move quick on anything not to mention possible radical tax hikes that may reduce your ability to pay the mortgage you can easily afford today.
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