JoeJanus.com

We’ve all heard the horror stories about short sales but here are just a few of the important advantages that anyone looking to “short sell” a home or buy a short sale MUST be aware of. •You will be eligible, under Fannie Mae guidelines, to buy another home in 2 years instead of 5 to 7 years. •If your ...

On Weds, Nov 4th, 2009, Congress nearly voted unanimously for The Unemployment Compensation Extension Act which included an amendment that extends and expands the Home Buyers Tax Credit.  President Obama signed the bill today, Friday, November 06, 2009, setting it into effect. So, here’s the deal… The original tax credit of ...

ZIP code 85016 comprises a 10 square mile area of Northeast Phoenix.  Another one of my favorite zip codes in the city due to its location to central Phoenix activities, light rail, amazing shopping at the Biltmore and Scottsdale Fashion Square, and outdoor activities with nearby Camelback Mountain, Picacho Peak and Dreamy Draw mountain ...

On August 20th, 2009 journalist J. Craig Anderson with The Arizona Republic reported that after a record breaking 27 months of decline in the Valley's median home price, some of the most influential local real-state analysts predict that home values finally have hit the bottom of the slide.  According to the most recent 3 month trend, ...

A short sale can be an excellent solution for a homeowner who owes more on their home than what it is worth and has to sell. Unfortunately a number of myths about short sales have developed and it is important you understand the reality of this process if this is a solution that you feel meets your current needs. 1. Short Sales are Impossible ...

Want to know more about the $8,000 homebuyer tax credit? Well, here are the main points of the credit along with a website you can go to for more details. Who is Eligible • The $8,000 tax credit is available for first-time home buyers only. • The law defines a first-time home buyer as a buyer who has not owned a home during the past ...

I've uploaded the MLS market stats report for the 1st quarter of 2008 for ALL Maricopa County zip codes.  Compared to the same quarter in 2007 almost all areas show a decline (not a big surprise there) in the average home price. However a few areas have experienced an increase. Zip code 85258 (McCormick Ranch area) experienced a ...

This week reports are ready for you to download. The median list price for zip 85018 (Camelback Corridor/Arcadia area) this week is $699,000 which is $5,000 over last weeks median. For other areas like Troon, McCormick Ranch, Paradise Valley, North Central Phoenix and the Biltmore check out my reports page.   If you're looking for ...

As we move into May, mortgage rates are slowly dropping. The average rate for a 30-year fixed-rate mortgage has lowered to 6.01 percent, with fees increasing to an average of 1.26 points, according to the Mortgage Bankers Association. Last year at this time, the average mortgage rate was 6.16 percent. The average rate for the 15-year fixed-rate ...

This weeks real estate market trend reports for the following zip codes are ready for download.  a. 85262, 85255 - North Scottsdale  b. 85013 - North Central Phoenix  c. 85258 - McCormick Ranch/Scottsdale/Gainey Ranch area of Scottsdale  d. 85018 - Camelback Corridor/Arcadia Area  e. 85016 - Biltmore Area   d. ...