Paul Welden, Phoenix Buyer's Agent Realtor

07/26/2022

Looks like someone thinks you want to play Cricket!

Phoenix Metro area is growing with more world class opportunities.
It's time to enhance your real estate portfolio for the upcoming buyer's market!
Contact me for more details on my home buyer's representation.

The Mangat Group, a Glendale-based land development group, announced plans to build a world-class cricket stadium in Buckeye.

04/19/2022

The world's first 'Mechanical Tree' is in Tempe at ASU, helping to remove CO2 1000x faster than natural trees.

Although these do not provide shade, it's possible it could be used in urban areas to reduce CO2 or even in/near manufacturing facilities that produce CO2 to help reduce this harmful gas from the air.

Tempe's real estate is booming for rentals and sales, even though there are very few properties available.

If you are looking for a data driven buyer's agent Realtor, let me show you how information can help you make good real estate decisions.

A major breakthrough in the battle against climate change is nestled among the trees on ASU’s Tempe campus.

04/13/2022

...... and Big Surf + the ice arena just sold for over $49 Million!

The seller received 30+ offers, which means even commercial real estate is experiencing similar bidding activity to its residential cousin.
It's just crazy out there!

The new owners intend to use the land for a new commercial development.

By the way, if you want to get an edge up on your home buying competition, maybe consider enlisting the services of an Exclusive Buyer's Agent like me.

Velocity Retail Group, in partnership with CBRE and Ross Brown Partners, recently brokered the sale of the 35.5-acre Big Surf Wave Park.

04/11/2022

Phoenix Metro remains relatively affordable.
It ranks 63 out of 100 metro areas.
$1500/mo would get you ~800sf of living space.
check out the stats here ...

We looked at the list of 100 largest U.S. cities in order to find out where renters can get the most space on a $1,500 budget.

01/25/2022

To tell or not to tell .....

Do you think that a seller must disclose to buyers if their home was reported on by a newspaper that it was used by a clandestine government agency to house extraterrestrial beings?

The seller is also aware that most of the residents of the town in which the property is located know about this newspaper story and that it would be difficult to sell the property to many of them.

Do you think the seller needs to disclose this to potential buyers?

01/05/2022

In the midst of a labor and material shortage, Tempe continues to innovate.

Homeownership is becoming out of reach for more and more Arizonans. So Habitat for Humanity is betting on new technology to reduce construction costs. A family in Tempe will soon move into one of the first houses the organization has built using 3D printing.

11/22/2021

Get ready for fewer homes available to buy.
Zillow recently announced they will sell at least 2,000 of its properties to a company who will rent them out long term.
That's 2k fewer homes available to you to buy!
And this could cause rents to increase even more.
Zillow has about 18,000 properties to sell but it's starting with 2k to that rental property management company.
Winter is coming!

https://nationalmortgageprofessional.com/news/senators-raise-concerns-over-zillow-deal-sell-homes

10/29/2021

Hope you and your family have a wonderful time celebrating Halloween this year!

Should you find yourself in a situation where you need/want to buy real estate, I may know an Exclusive Buyer's Agent who can help!

Creep it real!

09/27/2021

4 REASONS TO BUY IN PHOENIX METRO AREA

1. Intel broke ground on its two new semiconductor factories, celebrating the start of construction of Fab 52 and Fab 62 at the company’s Ocotillo campus. Once the two fabs are operational in 2024, the Ocotillo campus will become the largest semiconductor producing site in the country with a total of six fabs.

2. Helix Electric, a California-based electrical contracting company, announced a new manufacturing facility in Arizona will be in Goodyear. The 112,000-square-foot facility, which will house over 100 jobs, will be used to manufacture and fabricate building components for electrical construction.

3. CMC Steel broke ground on a new micro steel mill in Mesa, representing a $300 million investment that will create 185 new jobs. One of the most efficient and environmentally-sustainable steel producers in the world, CMC anticipates the new facility will be operational by 2023.

4. Arizona has recovered 101 percent of private-sector jobs since the start of the COVID-19 pandemic, adding 325,500 private sector jobs since April 2020, according to the Office of Economic Opportunity. This data represents one of the fastest job recoveries in the nation.

So, let Paul Welden, Phoenix Buyer's Agent Realtor help you find your ideal home or your next investment property.

09/23/2021

2.3% .... Why is that important?
*****
That's the percent of homes with mortgages that are underwater for the entire US. The number is 1.2Million, which may seem like a HUGE number, but it's only 2.3% of all homes with a mortgage in the US.

So, there is NOT going to be a foreclosure crisis in 2022.
Stop waiting for a real estate market correction that is not going to happen anytime soon.

Unless there is an unpredictable event, or unemployment numbers increase and mortgage interest rates increase, then, we may see the market cool off faster.

But no foreclosure crisis next year!

Homeowner equity grew $2.9 trillion nationwide from the second quarter of 2020 to the same quarter this year. CoreLogic's Homeowner Equity Report shows U.S. homeowners who have mortgages (which account for roughly 63 percent of all residential properties) saw...

09/23/2021

NAVIGATING POST FORBEARANCE HOME OWNERSHIP
*****
As the housing market continues to evolve through the pandemic, millions of homeowners have taken advantage of forbearance plans and requested a forbearance extension. As part of our initiative, Freddie Mac is sharing their new eBook: "Navigating Post-Forbearance Homeownership" that focuses on three borrower profiles, each facing different challenges based on their unique homeowner situations. You can use this valuable resource if you are facing tough decisions on maintaining homeownership.

For homeowners coming out of a forbearance period it's critical you engage with your mortgage servicer to understand your options. There are programs available to ease your transition back into a mortgage payment schedule and various workout options to choose the one that best suits your needs.

Exiting a forbearance plan can be an opportunity to explore a new homeownership path, even if it means selling the home. Options such as a short sale or fast sale can provide benefits to both you and lender.

Facing a foreclosure can be overwhelming, but with the right information homeowners can prepare for this process. Certified housing counselors have tools and resources to advise borrowers on how to prepare and what to expect. They can also provide financial management strategies to help borrowers get back on their feet.

Freddie Mac hopes this eBook is beneficial in helping guide borrowers as they consider their options and opportunities.

Additional Resources
• Resource Center
• Housing Professionals Resource Center
• Freddie Mac Borrower Help Center Network
• My Home by Freddie Mac®
• CreditSmart® Suite of Educational Resources

https://sf.freddiemac.com/content/_assets/resources/pdf/ebooks/hsh_post-forbearance-ebook.pdf

09/15/2021

Foreclosure Rate Lowest in Over Two Decades

Today there are 400,000 homeowners in their final month of forbearance and another 1.2 million still in the program as it winds down, thus, it is probably way too early to conclude that the nation has a ducked a pandemic foreclosure bullet.

However, the CoreLogic report on June's loan performance suggests we might just pull it off. The company says the U.S. foreclosure rate in June was the lowest in over two decades.

Not a surprise as the national moratorium on bank repossessions was in force until the end of July.

However, other metrics in the report indicate that homeowners may emerge from the pandemic financially damaged but with homeownership largely intact.

http://www.mortgagenewsdaily.com/09142021_corelogic_loan_performance.asp #{uname=PaulWeldenPLLC}