The Phoenix housing market has been hot for years, but recent trends suggest a slowdown in the market. With interest rates rising, days on market increasing, inventory shortages, and hesitancy about the future, there are several factors that contribute to the cooling down of the Phoenix housing market.Interest RatesInterest rates are a critical factor in the housing market, as they can have a significant...
by The Offer Company 
The current state of the Phoenix housing market is a crucial factor to consider if you plan to sell your home. According to statistics from Phoenix Realtors, median home prices have dropped by over 8% compared to the previous year, indicating that the market is cooling off. Additionally, a recent report from Goldman Sachs predicts a decline in housing values by up to 25%, which highlights the uncertainty...
The economic fallout from the orchestrated coronavirus pandemic has been felt in almost every sector of the economy, and the US housing market is no exception. In June 2020, the value of US homes topped out at an impressive $47.7 trillion, but since then there has been a steep decline in both numbers and percentages. According to Redfin, the total value of US homes dropped by $2.3 trillion or 4.9% over the...
by The Offer Company 
Are you worried about losing your home to foreclosure? If so, you are not alone. The Home Affordable Modification Program (HAMP) can help you keep your home and avoid foreclosure. This article will provide an overview of HAMP, its benefits, how to qualify, how to apply, and potential challenges and risks associated with the program.IntroductionForeclosure is a legal process where a homeowner’s right to...
by The Offer Company 
Foreclosure is an issue that affects families, communities, and economic growth. The Federal Housing Finance Agencies (FHFA) offer programs to help struggling borrowers prevent foreclosure by offering mortgage relief and refinancing. In this article, we’ll be discussing how the FHFA program works and what borrowers need to qualify for the program and the assistance that can be offered.IntroductionThe...
by The Offer Company 
When facing foreclosure, a private home equity advance may be the answer you are looking for. Taking out an equity advance allows homeowners to use their home's existing value as collateral to access additional funds. This can provide much-needed cash during tough economic times and help individuals avoid going through the process of foreclosure.Advantages of Using a Private Home Equity AdvanceFinancial...
by The Offer Company 
No one ever anticipates having to deal with foreclosure, but for many people across the nation, it’s a reality that they have to face. The foreclosure process can be extremely overwhelming and confusing. It’s important for homeowners in Arizona to understand what their rights are when it comes to dealing with foreclosure. This article will provide an overview of the foreclosure process in Arizona, as...
by The Offer Company 
Homeowners struggling to make mortgage payments may feel overwhelmed and helpless when facing the possibility of foreclosure. However, it is important to know that there are options available for those in distress. One possible solution that should be considered is a loan modification, which can provide an opportunity to avoid foreclosure. In this article, we will explore the pros and cons of considering a...
by The Offer Company 
In times of financial hardship, homeowners may find themselves in need of a way to avoid foreclosure and manage their debt. One option available for homeowners in this situation is the short sale process. In this article, we will discuss what a short sale is and how it works in Arizona to help individuals avoid foreclosure.Definition of a Short SaleA short sale is when a homeowner who needs to sell their...
by The Offer Company 
In Arizona, the real estate landscape is rapidly transforming, and with it comes a surge in foreclosure cases. With this article, we will be delving into trend data concerning foreclosures and how they can affect people living in Arizona. Moreover, preventive action steps on what to do if you've recently been notified of an upcoming trustee sale - including ways to save your home – shall also be...
by The Offer Company 