NPR reports "Sales Of New Homes Rise Again, Hit Five-Year High"

NPR reported today that home sales are up nationwide 8.3% in June over last year.  This is great for the economy overall.  In the Phoenix market, builders are buying land all over the valley so we can expect many new communities to start popping up.

On the resale market, home values continue to rise in the Phoenix market.  Seller's are putting their homes for sale and getting asking price and sometimes more.  If you price it right for the condition and neighborhood you could sell your home in just days. 

See the Whole NPR Story.

Go to www.AZNativeProperties.com for information on buying and selling your home.

Contact Chris F Campbell for more information.

Are interest rates going up?

Will rates rise or remain relatively unchanged? Experts and Bankrate analysts predict where mortgage rates are headed over the next week.This week (May 30-June 5), 40 percent of the panelists believe mortgage rates will rise over the next week or so, 40 percent think rates will fall, and 20 percent believe rates will remain relatively unchanged (+-2 basis points).

Sounds like a tie doesn't it.  The word on the street is rates are going up, we just don't know how fast.  Values are still going up and in some areas faster than others.  Contact RooPho Realty for more information.

Arrowhead Condos and Townhomes

If you're interested in living in the Northwest Valley, considering looking at Arrowhead condos and townhomes.  There are many nice places, mostly built since the 1980's and close to shopping, restrurants and entertainment.  The Sports complex for football and hockey are easy to get to and of course all the events these stadiums do throughout the year.