Chad Arend's Blog Posts

Homebuilder Sentiment Inches Higher But Affordability Is Still A Problem

Builder confidence rose 1 point to 63 in April in the monthly National Association of Home Builders/Wells Fargo Housing Market Index. It hit a 2018 high of 70 in May.Sentiment has remained in the

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Plan To Kill Light Rail In Phoenix Will Be On August Ballot Judge Rules

An initiative that could kill all future light rail in Phoenix will appear on the ballot in August, a judge ruled Friday.  The Arizona chapter of the Associated General Contractors of

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1 In 5 Homeowners Is Making This Costly Mistake And It Could Ruin Their Finances

Close to 20% of homeowners have no money set aside for an emergency home repair, according to a survey from HomeServe USA, a provider of home repair plans. The cost of fixing pipes and faucets

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Weekly Mortgage Refinances Spike 39 After Huge Rate Drop

Weekly mortgage application volume surged 18.6 percent from the previous week and 28 percent from a year ago, according to the Mortgage Bankers Association. Refinance applications jumped 39

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See Behind Your Walls With This Device

See Behind Your Walls with this Device Ryobi’s Phone Works Inspection Scope features a waterproof, LED-lit camera that you can stick inside a wall or pipe.Picture this: You’re remodeling or

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Home Prices Are About To Heat Up Again As Interest Rates Fall

Corelogic, a real estate data and analytics company, predicts that annual gains in home prices could hit close to 5 percent by 2020, thanks to falling interest rates. Last spring, home values

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Inside Or Outside Of The Phoenix Area

 The ranking table of annual average price per square foot has been published for March and it is striking how much the outlying areas have out-performed the inner parts of the valley

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The Cromford Market Index Values For The 17 Largies Cities In AZ

March 14 - The Cromford® Market Index values for the single-family markets in the 17 largest cities are shown below:This shows that the recent strength in the market is intensifying with 12

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These Are The Best And Worst Cities For Firsttime Home Buyers

for first-time home buyers. California is the state where new home purchasers are most likely to feel buyer's remorse, with six out of 10 of the bottom cities hailing from that state. Overlooked

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5 Tips To Update Your Shower On A Budget

Want to update your shower? It’s not as costly as you may think.Has your shower seen better days? Wondering what you can do with a small budget?Look no further. We understand how hard it can

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US Housing Starts Jump More Than Expected In January

Housing starts jumped 18.6 percent to a seasonally adjusted annual rate of 1.230 million units in January, the Commerce Department said on Friday. The housing market hit a soft patch last year

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Are You A Homeowner Heres How Much Richer You Are Now

Collectively, homeowners with mortgages saw their equity increase by just over 8 percent last year, according to CoreLogic. That is from a combination of home value gains and borrowers paying down

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Updates In And Around Phoenix Real Estate

CBRE claims the West Valley is ready to take-off… It holds one-third of the Valley’s Population and has a workforce younger and as educated as any other region. The 303 Logistics Corridor

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Best Home Prices In The Nation

February 26 - The S&P/ Case-Shiller® Home Price Index® was published today covering the 3 months October through December 2018.Here are the 20 focus cities ranked by their month to month

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February Mid Month Pricing Update And Forecast

Mid Month Pricing Update and ForecastEach month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques performed. We

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Housing Market Remains Strong Despite Mortgage Rate Worries

The Federal Reserve is raising interest rates, and that's led some to worry that mortgage rates will spike and put an end to the housing boom in the United States.Not so fast, according to the head

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Six Flags In Phoenix Wet N Wild Is Now Six Flags Hurricane Harbor

Wet 'n' Wild is now Six Flags Hurricane Harbor Phoenix.The new name comes after Six Flags purchased the lease rights to the 35-acre water park last year. In addition to the new name, the water

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Where Are The Buyers

The Cromford Market Index continues to weaken for sellers and we expect a little more negative movement over the next 2 weeks for 2 reasons. Slow contract activity during the first 2 weeks of

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After 2 Full Weeks Of 2019

January 16 - After 2 full weeks it is fair to compare closed sales counts with the same 2 weeks last year.Across Greater Phoenix for all dwelling types we have seen 1,980 closings, down 14%

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Plunge In Rates Sparks 235 Spike In Mortgage Applications After Unusually Weak Holidays

A sharp drop in interest rates to the lowest level since April sparked a mini-boom in mortgage refinancing. Buyers returning to the market after the holidays may have been inspired by the drop in

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What Real Estate Market Trends Can We Expect In 2019

Though there is no crystal ball to see the future of the real estate market in 2019, there are definite trends that are setting the tone for the market in the new year.Mortgage interest rates will

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It Looks Like This Year Could Be A Buyers Market For Real Estate As Higher Rates Weigh On Prices

Home values in November were 5.1 percent higher compared with November 2017, according to a report released Wednesday by CoreLogic. But that is down from the 5.4 percent annual gain seen in October

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This Homebuying Strategy Could Come Back In Style As Mortgage Rates Rise

TransUnion predicts that average rates on 30-year mortgages could hit 5 percent by the end of 2019. In some cases, it could make sense to pay your lender a fee in exchange for a lower interest

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Seller Update For The Months Ahead

Seasonally, this is the calm before the storm in terms of buyer activity.  Every year, listings under contract drop sharply in the latter half of December before reaching their lowest point on

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New Listings Up 18 In October Between 250K400K

The 4th Quarter is Seasonally the Best Time to be a BuyerGreater Phoenix Demand Down 16% in Q4Seasonally, This is the Calm Before the Storm for Buyer ActivityFor Buyers:Remember when you would not

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He Made 400000 Flipping A House

Earlier this year, Lin He made a $400,000 profit from a single home flip.The 3,600-square-foot house in Malibu was in foreclosure and was listed for $1.39 million. He purchased it for $985,000

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The One Food You Should Buy From Costco For Your Christmas Dinner

SOPA IMAGES/GETTY IMAGESCostco is a mecca of all things holiday. From inflatable snowmen families to red wine by the case, if you need it for the holidays, Costco has it. But the discount mega

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Housing Starts And Permits Come In Ahead Of Expectations

Housing starts, permits and completions are all up over October according to the U.S. Census BureauHousing permits, new housing starts and completions are all trending upward from October, but

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The Grinch Shows Off A House In Hilarious Real Estate Listing

Don't worry, the Grinch doesn't actually come with the house.Dudley Frank Home Team Dec. 18, 2018 / 11:01 AM MST / Source: TODAY By Julie PennellThis house listing is going

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Singlefamily Home Construction Tumbles And A Top Analyst Says Housing Is In A Correction

Single-family housing starts fell more than 13 percent last month from a year earlier, according to the U.S. Census. Building permits, an indicator of future construction were down nearly 2.

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Important Plumbing Checks When Buying A House

Water leaks can contribute to structural damage and are often a sign of a deeper problem with your plumbing system.Buying a house can be an exciting time, but before you sign the contract it

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Mortgage Rates Drop To 2month Lowan Unexpected Holiday Gift To Housing

Mortgage rates are falling sharply, as investors head to the relative safe haven of the bond market. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury. The average rate on the

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The DamageFree Way To Attach Holiday Lights And Decorations To Your Home

To keep from damaging the eaves or siding on your home when mounting holiday lights or other decorations, attach self-adhesive, plastic mounting bases to your house, then use removable plastic cable

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A New Study Says An Overwhelming Majority Of Millennials Want To Be Homeowners But Student Loans Are

For many millennials, the idea of homeownership is still a big picture dream, with a new study saying 89 percent plan to purchase a home in the future — but simply can't because of student debt

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Mortgage Applications Rise 2 But Buyers Seem Unimpressed By Lower Rates

Mortgage rates fell for the third straight week, reinvigorating the refinance business. But that isn't bringing many more buyers back to a very expensive housing market. Affordability is still

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3 Tech Gift Ideas For Homeowners

Looking for Christmas gift ideas for homeowners? These high-demand items are likely to be gone before long. Safety and comfort is the name of the game here with these cool gadgets. Cor WiFi

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These Cordless Blinds Are Awesome Just Raise Em Up

Blinds have been a common window treatment for a couple of centuries. And they really haven’t changed that much — until now. The Home Decorators Collection cordless blinds have no cords or

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Drones Taking Off In Real Estate Industry Applications

Goldman Sachs forecast a $100 billion market opportunity emerging for drones from 2016 through 2020. We are more than halfway through that window, and real estate is one of the industries feeling

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The FirstTime Homebuyers Guide To GrownUp Furniture

You just bought your first home. Congratulations: You're an adult! Now it's time to fill it up. But if you were planning to pack up those ratty old beanbag chairs and the bed that awakens you with a

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Toll Brothers Record Shows The American Housing Boom Has No End In Sight

Unemployment keeps falling and home prices keep going up. It's a great recipe for a strong housing market.Nothing has been able to stop the housing boom -- not even higher interest rates. 

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5 Ways To Afford Your First Home

Buying a home is a major financial undertaking, so much so that a growing number of Americans are struggling to meet that milestone. For one thing, the homeownership rate among Millennials has

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Pending Home Sales Up Half A Percent In September

Pending home sales rose 0.5% in September, but were lower than last year  Home sales eked out a small gain in September, but the pace is still lower than last year. Signed

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How To Spice Up Your Bedroom

Ever notice how you feel especially amorous when you're in a nice hotel with your honey? Everything from the luxury bedding to the clean and orderly nature of the space can add to your desire to get

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Market Summary For The Beginning Of October

Market Summary for the Beginning of OctoberStarting with the basic ARMLS numbers for October 1, 2018 and comparing them with October 1, 2017 for all areas & types: Active Listings (excluding

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Zillow Buys A Mortgage Lender And The Stock Tanks

Zillow is the site people visit to see how much their home (or their neighbor's) is worth.But the company is not content only serving real estate voyeurs. It wants a bigger piece of the housing

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West Coast Home Prices Are Surging

Housing markets out west are on fire.Prices are rising, supply is tight and competition among buyers is fierce. That's all good news for homeowners. Not so much for buyers.Home prices have risen

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