tag:blogger.com,1999:blog-70614309437095655002024-02-19T17:10:52.604-08:00Arizona Real Estate News AccessAll the real estate and mortgage news you need to know in Arizona.Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comBlogger12538125tag:blogger.com,1999:blog-7061430943709565500.post-63725830851467387512022-12-16T09:55:00.001-08:002022-12-16T09:55:23.725-08:00FHA Now Allows 'Double-Dipping' On Loans<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiAkhAbbiod0RScjD972CLL2tw3FxTtghbG1zAvee_MYoaZXgXtbHyzx2AmCVHLaXk8-rYpQI0I3FYfzbQ_tsPhp5OaKhr7xySCaGrHp6kFBSCMSLsTzMJNWhSXWZ79D2ctjga3dKbl-1QW_vPe4DkBo1XgWacv9xITbEVvt29eJR2szeJSouWplUVNyg"><img src="https://blogger.googleusercontent.com/img/a/AVvXsEiAkhAbbiod0RScjD972CLL2tw3FxTtghbG1zAvee_MYoaZXgXtbHyzx2AmCVHLaXk8-rYpQI0I3FYfzbQ_tsPhp5OaKhr7xySCaGrHp6kFBSCMSLsTzMJNWhSXWZ79D2ctjga3dKbl-1QW_vPe4DkBo1XgWacv9xITbEVvt29eJR2szeJSouWplUVNyg=s320" border="0" alt="" id="BLOGGER_PHOTO_ID_7177806575986710162" /></a></p><div dir="auto"><div dir="auto">The Federal Housing Administration on Thursday announced a rule change that will allow individuals to serve as both the real estate agent and mortgage loan originator for FHA-insured home sales.<br></div><div dir="auto"><br></div><div dir="auto">Read more... </div><div dir="auto"><a href="https://nationalmortgageprofessional.com/news/fha-now-allows-double-dipping-loans">https://nationalmortgageprofessional.com/news/fha-now-allows-double-dipping-loans</a><br></div><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-10102273679160179112022-12-08T10:48:00.001-08:002022-12-08T10:48:36.765-08:00Genius Ways To Earn Real Estate Passive Income<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhsMPAIy-TfC68tG2Q9eObzj2--hPuanJ5KdP1IiQW6Yz3_lI-t6y_rngyPNEeXP4PJIvITocpOPMEd6tf_NRkSCSZJx7iCMe7dKvFslJlrRF4mnAQVlTd43AkjLP1pL4Ja8pwidRF_WJzxl61gqNcBt3_V36yTGqv_-_H_gEd6zzicS00o6PwezFm1Mw"><img src="https://blogger.googleusercontent.com/img/a/AVvXsEhsMPAIy-TfC68tG2Q9eObzj2--hPuanJ5KdP1IiQW6Yz3_lI-t6y_rngyPNEeXP4PJIvITocpOPMEd6tf_NRkSCSZJx7iCMe7dKvFslJlrRF4mnAQVlTd43AkjLP1pL4Ja8pwidRF_WJzxl61gqNcBt3_V36yTGqv_-_H_gEd6zzicS00o6PwezFm1Mw=s320" border="0" alt="" id="BLOGGER_PHOTO_ID_7174851607837104434" /></a></p><div dir="auto"><div dir="auto">One of the most common investment strategies is passive investing. Done correctly, once the initial due diligence is done, an investor will not have to devote large amounts of valuable time to tend to their portfolio positions. Others do the day-to-day work while the passive investor collects the proceeds as their reward for providing capital.<br></div><div dir="auto"><br></div><div dir="auto"><br></div><div dir="auto">Read more... </div><a href="https://seekingalpha.com/article/4562595-genius-ways-to-earn-real-estate-passive-income">https://seekingalpha.com/article/4562595-genius-ways-to-earn-real-estate-passive-income</a><br><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-53193627920797394912022-07-08T08:47:00.000-07:002022-07-08T08:48:00.983-07:00Scottsdale’s affordable housing situation is worst in metro Phoenix, new study shows<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjEuuO7iKM3kiuhpnQscyiYcweGcE_6VJ80EcQauVUBsUgVVPqT_MmxJlyiaPUDehXAgzjlqAkntAUXd2JitcRQ7r59QxNdw3U87-FvhMXDrDyBmR4PHVfSQYaqVC93nFDNXegC0iPPgJgpQ-VAqNpp9mMURnWr_ujwx9WwFYLMtudJy7iex5GEYEugxA"><img src="https://blogger.googleusercontent.com/img/a/AVvXsEjEuuO7iKM3kiuhpnQscyiYcweGcE_6VJ80EcQauVUBsUgVVPqT_MmxJlyiaPUDehXAgzjlqAkntAUXd2JitcRQ7r59QxNdw3U87-FvhMXDrDyBmR4PHVfSQYaqVC93nFDNXegC0iPPgJgpQ-VAqNpp9mMURnWr_ujwx9WwFYLMtudJy7iex5GEYEugxA=s320" border="0" alt="" id="BLOGGER_PHOTO_ID_7118029038545779106" /></a></p><div dir="ltr">Scottsdale's housing shortage may be far worse than city figures suggest, with thousands fewer units coming down the chute than was estimated and the city's workforce being priced out of the market faster than anywhere else in the Valley, according to a recently released analysis. <br><br>The study from Elliott D. Pollack and Company — a local real estate and economic consulting firm — was presented at the Scottsdale City Council meeting on Wednesday. It was commissioned by a pro-development group called Home Arizona, and used estimated median salaries in the metro area to gauge affordability.<div><br></div><div>Read more: </div><div><a href="https://www.azcentral.com/story/news/local/scottsdale/2022/07/07/scottsdale-housing-worst-in-valley/7770797001/">https://www.azcentral.com/story/news/local/scottsdale/2022/07/07/scottsdale-housing-worst-in-valley/7770797001/</a><br clear="all"><div></div></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-54662496594300919382022-07-05T11:30:00.001-07:002022-07-05T11:30:35.166-07:00The Phoenix real estate market: Stats and trends for 2022<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhh8RCmaLtbiAggyfFY3Sr5EruF_XW0HwVoHEaYWwcdykt_V0BU53eBgG5Ss_YhDDixSAshQvOAQYOucxBeE1Mso5HXrLoFrY5kCHMAMcEpXrJeacWwQeqYfGVSc--xbpODqLc2w8RVGsk6nKS8pOBVxepKpPPHXN9OQ-uru0IhXplT4iqVf6SyLyMHUg"><img src="https://blogger.googleusercontent.com/img/a/AVvXsEhh8RCmaLtbiAggyfFY3Sr5EruF_XW0HwVoHEaYWwcdykt_V0BU53eBgG5Ss_YhDDixSAshQvOAQYOucxBeE1Mso5HXrLoFrY5kCHMAMcEpXrJeacWwQeqYfGVSc--xbpODqLc2w8RVGsk6nKS8pOBVxepKpPPHXN9OQ-uru0IhXplT4iqVf6SyLyMHUg=s320" border="0" alt="" id="BLOGGER_PHOTO_ID_7116957676726613618" /></a></p><div dir="auto"><div dir="auto"><br></div><div dir="auto">Real estate investors are purchasing more homes in Phoenix than in any of the other top 30 markets in the U.S., due to the metro area's double-digit rent growth and high price-to-rent ratio.1<br></div><div dir="auto"><br></div>Read more... <a href="https://learn.roofstock.com/blog/phoenix-real-estate-market">https://learn.roofstock.com/blog/phoenix-real-estate-market</a><br><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-66214117987560970572022-04-08T14:00:00.001-07:002022-04-08T14:00:19.123-07:00Acre lot in Arcadia sells for record-breaking $4.75M<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEg--UUG-lMUPH_YXNOY_01dw-wBXPr2giRYwdOsqs3erXIyeoulbqDyXqLrnEAnRRpHV99q4c9Xv_x1A5BSo93ZfbRGzuo0cIHv2YCBLDPXjvVHYUBtcOnBD4CvXLCXXEAuOqq4jb_lmX8LbEz3pm61gmXB2Gf29TDnrtw03poCxNc-JWoO25JBLSkDTg"><img src="https://blogger.googleusercontent.com/img/a/AVvXsEg--UUG-lMUPH_YXNOY_01dw-wBXPr2giRYwdOsqs3erXIyeoulbqDyXqLrnEAnRRpHV99q4c9Xv_x1A5BSo93ZfbRGzuo0cIHv2YCBLDPXjvVHYUBtcOnBD4CvXLCXXEAuOqq4jb_lmX8LbEz3pm61gmXB2Gf29TDnrtw03poCxNc-JWoO25JBLSkDTg=s320" border="0" alt="" id="BLOGGER_PHOTO_ID_7084340764667776770" /></a></p><div dir="auto"><div dir="auto">A 1.05-acre parcel of vacant land in the Arcadia area of Phoenix originally owned by the Frank Lloyd Wright family sold on Thursday for a record-breaking $4.75 million.<br></div><div dir="auto"><br></div>Read more... <a href="https://www.abc15.com/news/business/acre-lot-in-phoenixs-arcadia-neighborhood-sells-for-record-breaking-4-75m">https://www.abc15.com/news/business/acre-lot-in-phoenixs-arcadia-neighborhood-sells-for-record-breaking-4-75m</a><br><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-13508091336666807322021-07-20T09:07:00.001-07:002021-07-20T09:07:19.040-07:003 Charts That Show This Isn’t a Housing Bubble<div dir="auto"><h3 style="margin:0px 0px 0.2em;font-size:1.4em;line-height:1.3;font-family:sans-serif;letter-spacing:-0.035em;color:rgb(102,102,102);background-color:rgb(255,255,255);outline:none!important"><br></h3><img width="750" height="410" src="https://files.mykcm.com/2021/07/19150730/20210720-KCM-Share.jpg" alt="3 Charts That Show This Isn't a Housing Bubble | MyKCM" style="max-width: 100%; height: auto; vertical-align: middle; border: 0px; color: rgb(102, 102, 102); font-family: "open sans", sans-serif; font-size: 14px; background-color: rgb(255, 255, 255); outline: none !important;"><br style="color:rgb(102,102,102);font-family:"open sans",sans-serif;font-size:14px;background-color:rgb(255,255,255);outline:none!important"><br style="color:rgb(102,102,102);font-family:"open sans",sans-serif;font-size:14px;background-color:rgb(255,255,255);outline:none!important"><div style="color:rgb(102,102,102);font-family:"open sans",sans-serif;font-size:14px;background-color:rgb(255,255,255);outline:none!important" dir="auto"><p style="outline:none!important;margin:0px 0px 1.5em">With home prices continuing to deliver double-digit increases, some are concerned we're in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons.</p><h4 style="margin:1.75em 0px 0.5em;line-height:1.4;font-size:1.2em;font-weight:300;letter-spacing:-0.035em;color:rgb(0,174,255);outline:none!important"><strong style="color:rgb(102,102,102);font-size:1em;outline:none!important">1. The housing market isn't driven by risky mortgage loans.</strong></h4><p style="outline:none!important;margin:0px 0px 1.5em">Back in 2006, nearly everyone could qualify for a loan. The <a href="https://www.mba.org/news-research-and-resources/research-and-economics/single-family-research/mortgage-credit-availability-index" style="text-decoration-line:none;color:rgb(0,174,255);outline:none!important">Mortgage Credit Availability Index</a> (MCAI) from the <em style="outline:none!important">Mortgage Bankers' Association</em> is an indicator of the availability of mortgage money. The higher the index, the easier it is to obtain a mortgage. The MCAI more than doubled from 2004 (378) to 2006 (869). Today, the index stands at 130. As an example of the difference between today and 2006, let's look at the <a href="https://www.newyorkfed.org/microeconomics/hhdc/background.html" style="text-decoration-line:none;color:rgb(0,174,255);outline:none!important">volume of mortgages</a> that originated when a buyer had less than a 620 credit score.<a href="https://files.simplifyingthemarket.com/2021/07/19150732/20210720-MEM-Eng-1.png?a=231537-0536a4f32da0f7f078a5fe3eb1d80452" style="text-decoration-line:none;color:rgb(0,174,255);outline:none!important"><img src="https://files.mykcm.com/2021/07/19150732/20210720-MEM-Eng-1.png" alt="3 Charts That Show This Isn't a Housing Bubble | MyKCM" width="600" height="450" style="outline:none !important;max-width:700px;height:auto;vertical-align:middle;border:0px;display:block;margin:0px auto 1.5em;width:412.19px"></a>Dr. Frank Nothaft, Chief Economist for <em style="outline:none!important">CoreLogic</em>, reiterates this <a href="https://www.corelogic.com/intelligence/u-s-home-price-insights/" style="text-decoration-line:none;color:rgb(0,174,255);outline:none!important">point</a>:</p><blockquote style="margin:1.5em 0px;padding:1em;border-top:none;border-right:none;border-bottom:none;font-size:1em;line-height:1.3;outline:none!important;border-left:1px solid rgb(229,229,229)!important"><p style="outline:none!important;margin:0px 0px 1.5em"><em style="outline:none!important">"There are marked differences in today's run up in prices compared to 2005, which was a bubble fueled by risky loans and lenient underwriting. Today, loans with high-risk features are absent and mortgage underwriting is prudent."</em></p></blockquote><h4 style="margin:1.75em 0px 0.5em;line-height:1.4;font-size:1.2em;font-weight:300;letter-spacing:-0.035em;color:rgb(0,174,255);outline:none!important"><strong style="color:rgb(102,102,102);font-size:1em;outline:none!important">2. Homeowners aren't using their homes as ATMs this time.</strong></h4><p style="outline:none!important;margin:0px 0px 1.5em">During the housing bubble, as prices skyrocketed, people were refinancing their homes and pulling out large sums of cash. As prices began to fall, that caused many to spiral into a <strong style="font-size:1em;outline:none!important">negative equity</strong> situation (where their mortgage was higher than the value of the house).</p><p style="outline:none!important;margin:0px 0px 1.5em">Today, homeowners are letting their equity build. <strong style="font-size:1em;outline:none!important">Tappable equity</strong> is the amount available for homeowners to access before hitting a maximum 80% combined loan-to-value ratio (thus still leaving them with at least 20% equity). In 2006, that number was $4.6 billion. Today, that number stands at over <a href="https://www.blackknightinc.com/wp-content/uploads/2021/07/BKI_MM_May2021_Report.pdf" style="text-decoration-line:none;color:rgb(0,174,255);outline:none!important">$8 billion</a>.</p><p style="outline:none!important;margin:0px 0px 1.5em">Yet, the percentage of <strong style="font-size:1em;outline:none!important">cash-out refinances</strong> (where the homeowner takes out at least 5% more than their original mortgage amount) is <a href="http://www.freddiemac.com/research/datasets/refinance-stats/index.page" style="text-decoration-line:none;color:rgb(0,174,255);outline:none!important">half of what it was in 2006</a>.<a href="https://files.simplifyingthemarket.com/2021/07/19150734/20210720-MEM-Eng-2.png?a=231537-0536a4f32da0f7f078a5fe3eb1d80452" style="text-decoration-line:none;color:rgb(0,174,255);outline:none!important"><img src="https://files.mykcm.com/2021/07/19150734/20210720-MEM-Eng-2.png" alt="3 Charts That Show This Isn't a Housing Bubble | MyKCM" width="600" height="450" style="outline:none !important;max-width:700px;height:auto;vertical-align:middle;border:0px;display:block;margin:0px auto 1.5em;width:412.19px"></a></p><h4 style="margin:1.75em 0px 0.5em;line-height:1.4;font-size:1.2em;font-weight:300;letter-spacing:-0.035em;color:rgb(0,174,255);outline:none!important"><strong style="color:rgb(102,102,102);font-size:1em;outline:none!important">3. This time, it's simply a matter of supply and demand.</strong></h4><p style="outline:none!important;margin:0px 0px 1.5em">FOMO (the Fear Of Missing Out) dominated the housing market leading up to the 2006 housing bubble and drove up buyer demand. Back then, housing supply more than kept up as many homeowners put their houses on the market, as evidenced by the over seven months' supply of existing housing inventory available for sale in 2006. Today, that number is barely two months.</p><p style="outline:none!important;margin:0px 0px 1.5em">Builders also overbuilt during the bubble but pulled back significantly over the next decade. Sam Khater, VP and Chief Economist, Economic & Housing Research at <em style="outline:none!important">Freddie Mac</em>, <a href="http://www.freddiemac.com/perspectives/sam_khater/20210415_single_family_shortage.page" style="text-decoration-line:none;color:rgb(0,174,255);outline:none!important">explains</a> that pullback is the major factor in the lack of available inventory today:</p><blockquote style="margin:1.5em 0px;padding:1em;border-top:none;border-right:none;border-bottom:none;font-size:1em;line-height:1.3;outline:none!important;border-left:1px solid rgb(229,229,229)!important"><p style="outline:none!important;margin:0px 0px 1.5em"><em style="outline:none!important">"The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes."</em></p></blockquote><p style="outline:none!important;margin:0px 0px 1.5em">Here's a chart that quantifies Khater's remarks:<a href="https://files.simplifyingthemarket.com/2021/07/19150737/20210720-MEM-Eng-3.png?a=231537-0536a4f32da0f7f078a5fe3eb1d80452" style="text-decoration-line:none;color:rgb(0,174,255);outline:none!important"><img src="https://files.mykcm.com/2021/07/19150737/20210720-MEM-Eng-3.png" alt="3 Charts That Show This Isn't a Housing Bubble | MyKCM" width="600" height="450" style="outline:none !important;max-width:700px;height:auto;vertical-align:middle;border:0px;display:block;margin:0px auto 1.5em;width:412.19px"></a>Today, there are simply not enough homes to keep up with current demand.</p><h3 style="margin:1.25em 0px 0.2em;font-size:1.2em;line-height:1.3;font-weight:300;letter-spacing:-0.035em;color:rgb(0,174,255);outline:none!important"><strong style="color:rgb(102,102,102);font-size:1em;outline:none!important">Bottom Line</strong></h3><p style="outline:none!important;margin:0px 0px 1.5em">This market is nothing like the run-up to 2006. Bill McBride, the author of the prestigious <em style="outline:none!important">Calculated Risk</em> blog, predicted the last housing bubble and crash. This is what he has to say about <a href="https://www.theatlantic.com/ideas/archive/2021/05/us-housing-market-records/619029/" style="text-decoration-line:none;color:rgb(0,174,255);outline:none!important">today's housing market</a>:</p><blockquote style="margin:1.5em 0px;padding:1em;border-top:none;border-right:none;border-bottom:none;font-size:1em;line-height:1.3;outline:none!important;border-left:1px solid rgb(229,229,229)!important"><p style="outline:none!important;margin:0px 0px 1.5em"><em style="outline:none!important">"It's not clear at all to me that things are going to slow down significantly in the near future. In 2005, I had a strong sense that the hot market would turn and that, when it turned, things would get very ugly. <strong style="font-size:1em;outline:none!important">Today, I don't have that sense at all, because all of the fundamentals are there. Demand will be high for a while because Millennials need houses. Prices will keep rising for a while because inventory is so low</strong>."</em></p></blockquote></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-49855946927003609462021-07-19T18:18:00.000-07:002021-07-19T18:26:01.177-07:00Real or fake? The pros and cons of artificial grass for your yard<div dir="auto"><br><table width="100%" border="0" style="border-spacing:0px;border-collapse:collapse;background-color:rgb(255,255,255);color:rgb(51,51,51);font-family:"segoe ui","segoe wp","segoe regular",sans-serif;font-size:15px"><tbody><tr><td width="100%" style="padding:0px"><img src="https://www.losocialbot.com/images/marketing/grass2021.jpg" alt="" width="600" style="border:0px;vertical-align:middle;display:block;max-width:100%;height:auto !important;width:733.095px"></td></tr></tbody></table><h1 style="margin:0px 0px 10px;font-size:36px;font-family:"segoe ui","segoe wp","segoe regular",sans-serif;font-weight:500;line-height:1.1;color:rgb(51,51,51);background-color:rgb(255,255,255)"><br></h1><p style="margin: 0px 0px 10px; background-color: rgb(255, 255, 255);"><font color="#333333" face="segoe ui, segoe wp, segoe regular, sans-serif"><span style="font-size: 15px;">Published Date 7/15/2021</span></font><br></p><p style="margin:0px 0px 10px;color:rgb(51,51,51);font-family:"segoe ui","segoe wp","segoe regular",sans-serif;font-size:15px;background-color:rgb(255,255,255)">It was back in 1966 when the Houston Astrodome installed the first artificial turf in an athletic field, and the word "astroturf" was heard. As much as you think of all fake grass products bearing that name, however, that was a brand name — like Kleenex or Coke became synonymous with their genres.</p><p style="margin:0px 0px 10px;color:rgb(51,51,51);font-family:"segoe ui","segoe wp","segoe regular",sans-serif;font-size:15px;background-color:rgb(255,255,255)">The use of artificial grass today has transcended brand names and found its way into the residential markets in a major way — especially in the western U.S., where a never-ending drought, excessive heat, and water usage are big concerns.</p><p style="margin:0px 0px 10px;color:rgb(51,51,51);font-family:"segoe ui","segoe wp","segoe regular",sans-serif;font-size:15px;background-color:rgb(255,255,255)">You could think of artificial grass as a carpet for your yard, but it is much more than that. Made to look like real grass, its appearance has become more and more convincing with each succeeding decade. The types of artificial grass include <b>nylon</b> (considered the most durable, long-lasting but also the most costly — good for high traffic areas, but not great for kid or pet play).<b> Polyethylene</b> artificial grass is considered a good mid-range option for an artificial law. It's soft, and pleasant to the touch. And the <b>polypropylene</b> variety is the least expensive but also the least durable — best used on putting greens.</p><p style="margin:0px 0px 10px;color:rgb(51,51,51);font-family:"segoe ui","segoe wp","segoe regular",sans-serif;font-size:15px;background-color:rgb(255,255,255)">You can install fake grass anywhere natural grass might go, including front and back lawns, swing set areas, around swimming pools, roof decks, entertainment areas and putting greens. It is, however, wise to understand the advantages and disadvantages of installing it. Artificial turf is nearly maintenance-free (no mowing, fertilizing or aerating are required), evergreen, very realistic (sometimes almost TOO perfect), long-lasting, and needs no watering. To top off all these pros, it's just plain gorgeous. Always green, always perfect, and pretty worry-free.</p><p style="margin:0px 0px 10px;color:rgb(51,51,51);font-family:"segoe ui","segoe wp","segoe regular",sans-serif;font-size:15px;background-color:rgb(255,255,255)">The first disadvantage is the up-front expense. According to Family Handyman's Elizabeth Heath, however, professionally installed artificial grass costs between $5 and $20 per square foot. It's costly. You can save money by installing it yourself, but the initial cost is still high.</p><p style="margin:0px 0px 10px;color:rgb(51,51,51);font-family:"segoe ui","segoe wp","segoe regular",sans-serif;font-size:15px;background-color:rgb(255,255,255)">Another disadvantage is that because it is basically plastic, it gets really hot unless you cool it down with a hose prior to people walking or playing on it. And while higher-quality artificial grass looks and feels like the real thing, it tends to be more abrasive than real grass.</p><p style="margin:0px 0px 10px;color:rgb(51,51,51);font-family:"segoe ui","segoe wp","segoe regular",sans-serif;font-size:15px;background-color:rgb(255,255,255)">Environmentally, it saves on water consumption. But it's also difficult to find a recycling center that will accept old artificial turf. Studies have also shown that artificial grass can emit toxic gases, especially when hot, releasing metals and micro-plastics into the air and water supply.</p><p style="margin:0px 0px 10px;color:rgb(51,51,51);font-family:"segoe ui","segoe wp","segoe regular",sans-serif;font-size:15px;background-color:rgb(255,255,255)">Synthetic lawns are easy to clean, but not maintenance-free. Clean up stains right away, using a mild household detergent, and pick up solid waste as soon as possible, hosing down the area pets use most frequently. To maintain its pristine look, rake the lawn with a soft, non-metal rake to preserve the lift of the fibers.</p><p style="margin:0px 0px 10px;color:rgb(51,51,51);font-family:"segoe ui","segoe wp","segoe regular",sans-serif;font-size:15px;background-color:rgb(255,255,255)"><small style="font-size:12.75px">Source: FamilyHandyMan | TBWS</small></p><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-39241863014415165312020-12-16T19:48:00.001-08:002020-12-16T19:48:08.833-08:00Interest Rates Are Projected to Stay Low<p><div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioyNOK5XAPlYROZFWSIB6C317LkX7sz1ypf-NHIv6RMzKOzZ1r8gDrMETmJoBj7fxpF-IBbgohmb7MiIOHHUAABjj7q3d30eWHvea1C8hfjVRnynYjul_2bFSoMox_cAWBpRrHZy9NjxON/s1600/1608176885714829-0.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;">
<img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioyNOK5XAPlYROZFWSIB6C317LkX7sz1ypf-NHIv6RMzKOzZ1r8gDrMETmJoBj7fxpF-IBbgohmb7MiIOHHUAABjj7q3d30eWHvea1C8hfjVRnynYjul_2bFSoMox_cAWBpRrHZy9NjxON/s1600/1608176885714829-0.png" width="400">
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</div>In the latest projections from <em>Freddie Mac,</em> interest rates for a 30-year fixed-rate mortgage are expected to remain at or near 3% next year. These low rates will continue to make homes more affordable, driving demand for housing in 2021.</p><p>#interestrates #interestratesarelow #interestratesaredown</p>Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-30755698975564079142020-11-15T10:08:00.001-08:002020-11-15T10:08:45.485-08:00Million-dollar home sales soar in metro Phoenix despite pandemic<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXemgmVD5e0GOqi8zEnqzSxurVZRITzytOHqlLmFjHdzSNW3sy4bPsqrxwW27AKsNl_m44Y3gwefyiixu-63g04s_hYhlU5ed8F7xz7iObNXA7DW6GZIEkVmCsQyYYb6sqCSha4wlNPt3x/s1600/9e428c9c-6bba-48c6-a70d-4e52dea0a577-phoenician-725529.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXemgmVD5e0GOqi8zEnqzSxurVZRITzytOHqlLmFjHdzSNW3sy4bPsqrxwW27AKsNl_m44Y3gwefyiixu-63g04s_hYhlU5ed8F7xz7iObNXA7DW6GZIEkVmCsQyYYb6sqCSha4wlNPt3x/s320/9e428c9c-6bba-48c6-a70d-4e52dea0a577-phoenician-725529.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6895414201324194162" /></a></p><div dir="auto"><div dir="auto">In the midst of a pandemic, wealthy buyers are snapping up metro Phoenix's million-dollar homes at a record pace.<br></div><div dir="auto"><br></div><div dir="auto"><br></div>Read more... <a href="https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/11/15/million-dollar-home-sales-soar-metro-phoenix-despite-pandemic/6267235002/">https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/11/15/million-dollar-home-sales-soar-metro-phoenix-despite-pandemic/6267235002/</a><br><br></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-74554518717376848942020-10-12T09:33:00.000-07:002020-10-12T09:34:10.630-07:00COVID-19 Has Changed The Housing Market Forever. Here’s Where Americans Are Moving (And Why)<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUSV1M62o4a16QHdke-gMGezpdIHR99bc8MclzYKb4SuuRPaUvfHEHWTerCvNGNM23orxJOGBhemPo7iky-_IU2y5XUnonCD93R8nEFMli-rnyl55zgu95-ERY10kn2UciQtTZSnRiARDo/s1600/960x0-750786.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUSV1M62o4a16QHdke-gMGezpdIHR99bc8MclzYKb4SuuRPaUvfHEHWTerCvNGNM23orxJOGBhemPo7iky-_IU2y5XUnonCD93R8nEFMli-rnyl55zgu95-ERY10kn2UciQtTZSnRiARDo/s320/960x0-750786.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6882772929704424834" /></a></p><div dir="auto"><div dir="auto">Amid all the uncertainty brought on by COVID-19 over the past six months, one thing is assured: the pandemic has re-ordered real estate markets across the board on an unprecedented scale.<br></div><div dir="auto"><br></div>Read more... <a href="https://www.forbes.com/sites/petertaylor/2020/10/11/covid-19-has-changed-the-housing-market-forever-heres-where-americans-are-moving-and-why/">https://www.forbes.com/sites/petertaylor/2020/10/11/covid-19-has-changed-the-housing-market-forever-heres-where-americans-are-moving-and-why/</a><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-27250416284559858162020-09-06T10:35:00.001-07:002020-09-06T10:35:58.160-07:00Phoenix Real Estate Market 2020: Housing Prices & Forecast<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1KDL3Dr7ITNQSlpbPrPH_JHgyKPioShEG-ogV-T24NnneXmZ8_yFNI_JFJFLJVGwtmeka2Xf-mMkyPrmQo52rRVQTs7Q14E48ilaCguJpMuZAcSZl-q7uSqoR9sY0Xr8fluvaWqaCOcHv/s1600/phoenixhousing_hmed_2p.grid-6x2-758251.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1KDL3Dr7ITNQSlpbPrPH_JHgyKPioShEG-ogV-T24NnneXmZ8_yFNI_JFJFLJVGwtmeka2Xf-mMkyPrmQo52rRVQTs7Q14E48ilaCguJpMuZAcSZl-q7uSqoR9sY0Xr8fluvaWqaCOcHv/s320/phoenixhousing_hmed_2p.grid-6x2-758251.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6869429791552671234" /></a></p><div dir="auto"><div dir="auto">Even after suffering from the pandemic, the Phoenix housing market 2020 still comes out on top. As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. We've been seeing real estate appreciation rates increasing year-over-year in the entire metro area. The Greater Phoenix area was also predicted to be among the top housing markets in the year 2020. It is now clear that the pandemic could not change that prediction. It could only pause sales, which in turn created a huge pent up demand.</div><div dir="auto"><br></div>Read more... <a href="https://www.noradarealestate.com/blog/phoenix-real-estate-market/">https://www.noradarealestate.com/blog/phoenix-real-estate-market/</a><br><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-56490309753259244872020-05-25T07:40:00.000-07:002020-05-25T07:41:06.034-07:00Historical Data Shows Housing Market Will Boom After The 2020 Crisis, And So Will Bitcoin<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUABOg_2RtiputJUDJTQ04ASH2tByf8zj0eDpTZaGVUYQBLsEfd9-BA9o9g5LWrLpAyEtMunMZpa4N-P6hlcyyjgi4_CPTscNF6uB9Cuv0PWUMhYjPoSxcXRspZWNMZ4Ogw-WRcUJO2EVK/s1600/960x0+%25281%2529-766073.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUABOg_2RtiputJUDJTQ04ASH2tByf8zj0eDpTZaGVUYQBLsEfd9-BA9o9g5LWrLpAyEtMunMZpa4N-P6hlcyyjgi4_CPTscNF6uB9Cuv0PWUMhYjPoSxcXRspZWNMZ4Ogw-WRcUJO2EVK/s320/960x0+%25281%2529-766073.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6830791868963761714" /></a></p><div dir="auto"><div dir="auto">Historical data from the late 1990s show a financial crisis is often followed with a steep increase in housing prices. If real estate grows in a similar manner as the 2000s, safe haven assets like gold and potentially Bitcoin may follow.<br></div><div dir="auto"><br></div>Read more... <a href="https://www.forbes.com/sites/youngjoseph/2020/05/24/historical-data-shows-housing-market-will-boom-after-the-2020-crisis-and-so-will-bitcoin/">https://www.forbes.com/sites/youngjoseph/2020/05/24/historical-data-shows-housing-market-will-boom-after-the-2020-crisis-and-so-will-bitcoin/</a><br><br></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-85254097240834628112020-05-23T09:09:00.001-07:002020-05-23T09:09:47.710-07:00FHFA Announces Refinance and Home Purchase Eligibility for Borrowers in Forbearance<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVUCXg6N-Yqy6xWgzx-_gTWDfrct9Srx8Q8298k4hT2kSzmGSJPuDSLqdtROSTE5XILph-UZG_YBWzwmXbZ3QxLUzcy7Vdp0bZI2GpQ1WWkdF7S7W_owctZJdAvv0TqcCU44THW0NZ8HS4/s1600/Federal-Housing-Finance-Agency-FHFA-Seal-787755.png"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVUCXg6N-Yqy6xWgzx-_gTWDfrct9Srx8Q8298k4hT2kSzmGSJPuDSLqdtROSTE5XILph-UZG_YBWzwmXbZ3QxLUzcy7Vdp0bZI2GpQ1WWkdF7S7W_owctZJdAvv0TqcCU44THW0NZ8HS4/s320/Federal-Housing-Finance-Agency-FHFA-Seal-787755.png" border="0" alt="" id="BLOGGER_PHOTO_ID_6830072554222192978" /></a></p><div dir="auto"><div dir="auto">Washington, D.C. – Today, to support borrowers and mortgage servicers, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) have issued temporary guidance regarding the eligibility of borrowers who are in forbearance, or have recently ended their forbearance, looking to refinance or buy a new home.<br></div><div dir="auto"><br></div>Read more... <a href="https://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?PageName=FHFA-Announces-Refinance-and-Home-Purchase-Eligibility-for-Borrowers-in-Forbearance.aspx">https://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?PageName=FHFA-Announces-Refinance-and-Home-Purchase-Eligibility-for-Borrowers-in-Forbearance.aspx</a><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-18288644094759236852020-05-19T07:45:00.001-07:002020-05-19T07:45:32.623-07:00FHFA Issues Guidance on Refinances, Purchases While in Forbearance<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikne9R-K_5A7uiPhdKY-b81Tyvop70fObYOVADBL2dYyYqInY6x5BTWNrd5hClyu1iExuPGZkjXVKwwsoNk2rMUoahuWSuFYigUhBZ5vmWgDI1wA19JFUArCoKopK-jfKrR_sPaPmM1ftQ/s1600/shutterstock_674105980-300x200-300x200-732717.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikne9R-K_5A7uiPhdKY-b81Tyvop70fObYOVADBL2dYyYqInY6x5BTWNrd5hClyu1iExuPGZkjXVKwwsoNk2rMUoahuWSuFYigUhBZ5vmWgDI1wA19JFUArCoKopK-jfKrR_sPaPmM1ftQ/s320/shutterstock_674105980-300x200-300x200-732717.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6828566500085857186" /></a></p><div dir="auto"><div dir="auto">The Federal Housing Financing Agency (FHFA) announced Tuesday that Fannie Mae and Freddie Mac have issued temporary guidance regarding the eligibility of borrowers in forbearance, or recently ended their forbearance, looking to refinance and purchase a home. <br></div><div dir="auto"><br></div>Read more... <a href="https://dsnews.com/daily-dose/05-19-2020/fhfa-issues-guidance-on-refinances-purchases-while-in-forbearance">https://dsnews.com/daily-dose/05-19-2020/fhfa-issues-guidance-on-refinances-purchases-while-in-forbearance</a><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-73468123788086955302020-05-17T11:32:00.001-07:002020-05-17T11:32:26.985-07:00Housing markets in most big cities struggle because of coronavirus shutdowns, but these markets buck the trend<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidUJZUVVdsZWtg_rvTT8QxT1On3PJWEW4lcGL6j2vf65lrUzEQjnKMuGgGKPQ5aonDzrM8gHiRhBb_3OvKlLGHSpBHoK_d5AWxdT-2UFrpjj_anUPjt1_wt6qXfmphlCKjk-hkV2TrWpGh/s1600/Screenshot_20200517-113017_Chrome-747068.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidUJZUVVdsZWtg_rvTT8QxT1On3PJWEW4lcGL6j2vf65lrUzEQjnKMuGgGKPQ5aonDzrM8gHiRhBb_3OvKlLGHSpBHoK_d5AWxdT-2UFrpjj_anUPjt1_wt6qXfmphlCKjk-hkV2TrWpGh/s320/Screenshot_20200517-113017_Chrome-747068.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6827882799719987026" /></a></p><div dir="auto"><div dir="auto">Coronavirus has run roughshod over most of the nation's big-city real estate markets for more than six weeks now, paralyzing agents, halting showings and causing double-digit drops in listings and new inventory as frightened sellers withdraw their properties from consideration.<br></div><div dir="auto"><br></div>Read more... <a href="https://www.usatoday.com/story/money/2020/05/07/cities-buck-coronavirus-real-estate-slump/3049239001/">https://www.usatoday.com/story/money/2020/05/07/cities-buck-coronavirus-real-estate-slump/3049239001/</a><br><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-69961425647608282562020-05-10T11:57:00.001-07:002020-05-10T11:57:58.017-07:00Metro Phoenix rents climb 3 times as fast as US average. Will eviction aid be enough?<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgG_Qsxd3Mx1RB3wk0hzm5o5ySIluX_9b6Zyw_3Up7bP99VimSZT_R34HqvocB7yfmar1BcMoU49nH5nl9vZwt5pO91hVTh3GuK8MP2gQ3uuxisE9-3VC8lkwFoI2O2RQK-v7XUlZ8wk_IX/s1600/Screenshot_20200510-115646_Chrome-778103.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgG_Qsxd3Mx1RB3wk0hzm5o5ySIluX_9b6Zyw_3Up7bP99VimSZT_R34HqvocB7yfmar1BcMoU49nH5nl9vZwt5pO91hVTh3GuK8MP2gQ3uuxisE9-3VC8lkwFoI2O2RQK-v7XUlZ8wk_IX/s320/Screenshot_20200510-115646_Chrome-778103.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6825291782646406994" /></a></p><div dir="auto"><div dir="auto">Metro Phoenix rents climbed nearly three times as fast as the average U.S. increase during the past 12 months, despite a slight reprieve for tenants last month.<br></div><div dir="auto"><br></div><div dir="auto"><br></div>Read more... <a href="https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/05/10/coronavirus-pandemic-metro-phoenix-area-apartments-rent-increase-us-average/5179104002/" target="_blank" rel="noreferrer">https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/05/10/coronavirus-pandemic-metro-phoenix-area-apartments-rent-increase-us-average/5179104002/</a><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-89311467947800190802020-04-26T12:15:00.001-07:002020-04-26T12:15:53.350-07:00Metro Phoenix home prices hit record in March but sales are slowing<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHpmbcQgWI_QP5PLk_zsyUaaOUiQf6PyQlleEM6bTZX7wzvvlqaOVPe1TWc3B08ZKidEBcGXyl74D_F2lqm2Y8KUAw8T74vwZeDshf1dUrnwetHfGik36T3gERT-g3LHZQPn087po-O6g-/s1600/ed5928b3-0494-4446-b4d0-a53db7b26b47-4-753439.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHpmbcQgWI_QP5PLk_zsyUaaOUiQf6PyQlleEM6bTZX7wzvvlqaOVPe1TWc3B08ZKidEBcGXyl74D_F2lqm2Y8KUAw8T74vwZeDshf1dUrnwetHfGik36T3gERT-g3LHZQPn087po-O6g-/s320/ed5928b3-0494-4446-b4d0-a53db7b26b47-4-753439.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6820101210339871634" /></a></p><div dir="auto"><div dir="auto">Metro Phoenix median home price hit a record in March, but most of the sales that drove the price up to $302,500 were negotiated before COVID-19 hit.<br></div><div dir="auto"><br></div>Read more... <a href="https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/04/26/metro-phoenix-home-prices-hit-record-march-but-sales-slowing/3014881001/" target="_blank" rel="noreferrer">https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/04/26/metro-phoenix-home-prices-hit-record-march-but-sales-slowing/3014881001/</a><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-92170733130518246482020-02-09T08:42:00.001-08:002020-02-09T08:45:50.383-08:00Scottsdale's Taylor Morrison to be 5th biggest U.S. builder; shareholders approve $2.4B deal<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6M_subAEcPBbCUjHmMD0HXmkAbtCvtW0iJaJdm5106rBrAThB5wGCfN-ETLD4uy9INomoXaT0AOesgclJeV-QrAIzeTJESSNyKtydS4ys2bGgivXDBYqmwvFhWq6etl8xw4RN4wgGxjAq/s1600/Screenshot_20200209-094102_Chrome-761522.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6M_subAEcPBbCUjHmMD0HXmkAbtCvtW0iJaJdm5106rBrAThB5wGCfN-ETLD4uy9INomoXaT0AOesgclJeV-QrAIzeTJESSNyKtydS4ys2bGgivXDBYqmwvFhWq6etl8xw4RN4wgGxjAq/s320/Screenshot_20200209-094102_Chrome-761522.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6791488170074066082"></a></p><div dir="auto"><div dir="auto">Scottsdale-based Taylor Morrison is about to become the fifth biggest homebuilder in the U.S.<br></div><div dir="auto"><br></div>Read more... <a href="https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/01/31/scottsdale-taylor-morrison-5th-biggest-u-s-builder-after-2-4-billion-merger/4618976002/">https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/01/31/scottsdale-taylor-morrison-5th-biggest-u-s-builder-after-2-4-billion-merger/4618976002/</a><br><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-76126720064201300182020-02-09T08:19:00.001-08:002020-02-09T08:44:05.206-08:00Squeezed Out: Arizona needs at least 100,000 more affordable homes now<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHMsltaS5fZclUL-NTcn4bw5fEAftk-8N0CuhGD-1U4A4HW06cfodyBDunN_F2UUy0F5pDa4PTnzGBkzkl1fGnVGPFr8r3ivsARJjLBi8AxqkMmgYCjymBh_4m0MjvMRMtZL-b3PPefkUh/s1600/4bc7fe49-877b-4c1e-abf5-4f2911665834-homeless_clean_up_9-793413.jpeg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHMsltaS5fZclUL-NTcn4bw5fEAftk-8N0CuhGD-1U4A4HW06cfodyBDunN_F2UUy0F5pDa4PTnzGBkzkl1fGnVGPFr8r3ivsARJjLBi8AxqkMmgYCjymBh_4m0MjvMRMtZL-b3PPefkUh/s320/4bc7fe49-877b-4c1e-abf5-4f2911665834-homeless_clean_up_9-793413.jpeg" border="0" alt="" id="BLOGGER_PHOTO_ID_6791482296001793874"></a></p><div dir="auto"><div dir="auto">Arizona needs at least 100,000 apartments or houses that people living and working in the state can afford.<br></div><div dir="auto"><br></div>Read more... <a href="https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/02/09/arizona-needs-100-000-more-affordable-homes-tackle-housing-crunch/4679532002/">https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/02/09/arizona-needs-100-000-more-affordable-homes-tackle-housing-crunch/4679532002/</a><br><br><div data-smartmail="gmail_signature"><br><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-15720847189674644762020-02-06T12:02:00.001-08:002020-02-09T08:45:24.944-08:00Arizona's biggest parking garage is under construction. Here's where<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjf4g28XnMI1wVkhqWXKIEQcJJXCFTTkNsHguShkkhlDgAtWJHz40ecUZ_xfE9Pf43LPgAkkZ5nttKIQSomh0jXye2VOVyHAqW9J2n64pD8muQu43-pDt3FIrN_c3hXAqKFUwN3OFlMTMhn/s1600/Screenshot_20200206-130132_Chrome-738285.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjf4g28XnMI1wVkhqWXKIEQcJJXCFTTkNsHguShkkhlDgAtWJHz40ecUZ_xfE9Pf43LPgAkkZ5nttKIQSomh0jXye2VOVyHAqW9J2n64pD8muQu43-pDt3FIrN_c3hXAqKFUwN3OFlMTMhn/s320/Screenshot_20200206-130132_Chrome-738285.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6790426357995417074"></a></p><div dir="auto"><div dir="auto">Arizona's biggest parking garage is going up in the middle of Phoenix in one of its oldest shopping centers — Park Central Mall.<br></div><div dir="auto"><br></div>Read more... <a href="https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/02/06/arizona-biggest-parking-garage-going-up-midtown-phoenix-park-central/4641922002/">https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/02/06/arizona-biggest-parking-garage-going-up-midtown-phoenix-park-central/4641922002/</a><br><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-37514962650579039272020-02-06T11:03:00.001-08:002020-02-06T11:03:42.757-08:00Real estate startup Homie plans to expand to more cities with $23 million in Series B funding<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxq864YnTM8RgEgvF6fCS6RPCICHeuRcWEX4ObHteWxLP7LIlLoinBqrj76Ds_X2huJid6If5JM-TOdNziQ5PW2cwZiAUppllsVVYBsXi1u5MUYlXXHhunHfuKKeVeV2Vfh-Z-TRvG06ZY/s1600/GettyImages-109350668-722838.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxq864YnTM8RgEgvF6fCS6RPCICHeuRcWEX4ObHteWxLP7LIlLoinBqrj76Ds_X2huJid6If5JM-TOdNziQ5PW2cwZiAUppllsVVYBsXi1u5MUYlXXHhunHfuKKeVeV2Vfh-Z-TRvG06ZY/s320/GettyImages-109350668-722838.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6790411262406984738" /></a></p><div dir="auto"><div dir="auto">Homie has made an impression among younger, first-time home buyers in the Utah and Arizona markets for cutting out the traditional closing costs, 6% real estate commissions and arduous paperwork associated with traditional home sales. It now plans to explore opening up in three new markets and will begin a Vegas launch in March with a fresh infusion of <span class="money">$23</span> million in Series B equity financing.<br></div><div dir="auto"><br></div>Read more... <a href="https://techcrunch.com/2020/02/04/real-estate-startup-homie-plans-to-expand-to-more-cities-with-23-million-in-series-b-funding/">https://techcrunch.com/2020/02/04/real-estate-startup-homie-plans-to-expand-to-more-cities-with-23-million-in-series-b-funding/</a><br><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-3691545758768658102020-02-06T10:13:00.001-08:002020-02-06T10:13:31.021-08:00How Understanding Long-Term Care Can Expand Reverse Mortgage Business<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzg1KMwVq1Nw3os0unsHCk08q8uHN-W7RX12No47boYQeqkxy8XnVGEu_BPZauTvv5y8PZhV_QKVgJjx1CbGxt_afL8X91ycC6lQiNZFNkGPxLiP8LztM_llWpTktx2x90OBwNSqZTlxl2/s1600/Screenshot_20200206-110921_Chrome-711055.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzg1KMwVq1Nw3os0unsHCk08q8uHN-W7RX12No47boYQeqkxy8XnVGEu_BPZauTvv5y8PZhV_QKVgJjx1CbGxt_afL8X91ycC6lQiNZFNkGPxLiP8LztM_llWpTktx2x90OBwNSqZTlxl2/s320/Screenshot_20200206-110921_Chrome-711055.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6790398326227296930" /></a></p><div dir="auto"><div dir="auto">Encouraging financial preparedness in later life is a core discussion point for people who work in the reverse mortgage profession, and industry literature is rife with examples concerning ways in which the wealth and savings of older Americans can often be unprepared to withstand and extend through a senior's retirement. One of the realities that older people often must contend with, regardless of the status of their retirements, is long-term care (LTC).<br></div><div dir="auto"><br></div>Read more... <a href="https://reversemortgagedaily.com/2020/01/05/how-understanding-long-term-care-can-expand-reverse-mortgage-business/">https://reversemortgagedaily.com/2020/01/05/how-understanding-long-term-care-can-expand-reverse-mortgage-business/</a><br><br></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-33191315290435914012020-02-06T09:41:00.001-08:002020-02-06T09:41:37.748-08:00All Five Federal Mortgage Programs Should Treat Student Loan Debt the Same Way<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr7bY6B3uV30Y3QCi5NjLqkGibJrlTwx0VNBtSvyu6_erX9_guS35o6UHXApzEoJCgaW2YPtCwUXuah-UbVhyeMhxKvSbndMLsw_ZslDmrPVNVdXyAVeirtBOs1QP6Ikc2cTOo9-V-Wh_k/s1600/student-loan-debt-1160848_1280-797847.png"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr7bY6B3uV30Y3QCi5NjLqkGibJrlTwx0VNBtSvyu6_erX9_guS35o6UHXApzEoJCgaW2YPtCwUXuah-UbVhyeMhxKvSbndMLsw_ZslDmrPVNVdXyAVeirtBOs1QP6Ikc2cTOo9-V-Wh_k/s320/student-loan-debt-1160848_1280-797847.png" border="0" alt="" id="BLOGGER_PHOTO_ID_6790390104956685762" /></a></p><div dir="auto"><div dir="auto">Many of the 44.7 million Americans with student loan debt are also in their prime homebuying years. And more than 8 million of them use income-driven repayment (IDR) plans for their student loans, which require special calculations for determining mortgage lending.<br></div><div dir="auto"><br></div>Read more... <a href="https://www.urban.org/urban-wire/all-five-federal-mortgage-programs-should-treat-student-loan-debt-same-way">https://www.urban.org/urban-wire/all-five-federal-mortgage-programs-should-treat-student-loan-debt-same-way</a><br><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-15408067330686703282020-01-31T08:40:00.001-08:002020-01-31T08:40:59.453-08:00FICO Launches New Credit Scoring Model: Your Score Might Change, But Your Mortgage Prospects? Probably Not<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEin5D5PMq0IjQAv4SBNjcHnfPvr7Ko7W6iA4pF6-dV9T5omXsVRjXkA5LZCoeJSEV7lBOmK2fYfSmqqjuGwhRtCHu57fsv-_A__sU2iUeoraVah45c7ldUVcjTtRFKs7uNR0F0s-Cq29nXN/s1600/960x0-759505.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEin5D5PMq0IjQAv4SBNjcHnfPvr7Ko7W6iA4pF6-dV9T5omXsVRjXkA5LZCoeJSEV7lBOmK2fYfSmqqjuGwhRtCHu57fsv-_A__sU2iUeoraVah45c7ldUVcjTtRFKs7uNR0F0s-Cq29nXN/s320/960x0-759505.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6788147967679090178" /></a></p><div dir="auto"><div dir="auto">A whopping 110 million Americans will likely see their credit scores change this summer, thanks to a newly announced credit scoring model from Fair Isaac Corp.—the company behind FICO scores.<br></div><div dir="auto"><br></div><div dir="auto"><br></div>Read more.... <a href="https://www.forbes.com/sites/alyyale/2020/01/23/fico-launches-new-credit-scoring-model-your-score-might-change--but-your-mortgage-prospects-probably-not/">https://www.forbes.com/sites/alyyale/2020/01/23/fico-launches-new-credit-scoring-model-your-score-might-change--but-your-mortgage-prospects-probably-not/</a><br><br><div data-smartmail="gmail_signature"><br><br>Best Regards,<br><br>Lillian Wong<br>Sr. Mortgage Advisor <br>NMLS 630337<br>NEXA Mortgage<br>2450 S Gilbert Rd #210 <br>Chandler AZ 85286 <br>480.650.5412<br><a href="http://www.lillianwong.net">www.lillianwong.net</a><br><a href="mailto:lwong@nexamortgage.com">lwong@nexamortgage.com</a></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.comtag:blogger.com,1999:blog-7061430943709565500.post-88108331234742839982020-01-26T11:34:00.000-08:002020-01-26T11:35:05.146-08:00Ready to Retire? Not Until You've Done 3 Things<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkBCinjJLUiMSEUw-sfGInkBdkp34wPKrC09CGCjUoHUIu2OFMI1v3OGDR2hFq1HMrlfdDdvkXCoHJQR3PTIzgFTV9egMuh3IMUavgB3AhVrnLSb9A32MPXykIT5t1KrRIVJFzoe-mli5w/s1600/Screenshot_20200126-123401_Chrome-705193.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkBCinjJLUiMSEUw-sfGInkBdkp34wPKrC09CGCjUoHUIu2OFMI1v3OGDR2hFq1HMrlfdDdvkXCoHJQR3PTIzgFTV9egMuh3IMUavgB3AhVrnLSb9A32MPXykIT5t1KrRIVJFzoe-mli5w/s320/Screenshot_20200126-123401_Chrome-705193.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_6786337406957814562" /></a></p><div dir="auto"><div dir="auto">To protect yourself from surprises, here are three steps to take, starting at 10 years before retirement, five years before and finally one year before.<br></div><div dir="auto"><br></div>Read more... <a href="https://www.kiplinger.com/article/retirement/T047-C032-S014-ready-to-retire-not-until-you-ve-done-3-things.html">https://www.kiplinger.com/article/retirement/T047-C032-S014-ready-to-retire-not-until-you-ve-done-3-things.html</a><br><br><div data-smartmail="gmail_signature"><br></div></div> Lillian Wonghttp://www.blogger.com/profile/05901309298713420434noreply@blogger.com