Back to Market Reports >> Sold Homes Las Campanas August 2015 Address List price Sell price %L/S Sell date DOM/CDOM SqFt $/Sqft LotSz 1 Avenida Malaguena – Lot 33 $575,000** $559,000 97.22% 8/28/15 128 1917 $291.60 .240 14 Shaman – Lot 740 $679,000** $640,000 94.26% 8/26/15 414 2589 $247.20 2.490 110 Calle Cimerron – Lot 8 … Read more
Back to Market Reports >> Pending Homes Las Campanas August 2015 Address List$ Date DOM SqFt $/SqFt LotSz 9 Sundance Circle – Lot 472 $935,000 8/21/15 73 3841 $243.43 1.450 5 N. Brisa Fresca – Lot 102 $1,249,000 8/26/15 72 3923 $318.38 1.010 130 Wildhorse – Lot 675 $1,250,000 8/21/15 73 3722 $335.84 5.131 13 Rising … Read more
Back to Market Reports >> Sold Land Las Campanas August 2015 Address List price Sell price % L/S Sell date DOM/CDOM LotSz 3 Plaza Lopez – Lot 31 $63,500** $55,000 86.81% 8/18/15 90 0.510 52 Paseo Aragon – Lot 18 $99,900 $85,000 85.09% 8/20/15 1140 0.440 69 Grey Wolf – Lot 582 $295,000 $265,000 89.83% 8/21/15 77 2.242 ** Previously … Read more
TO LOCK OR NOT TO LOCK: That is the question. Tomorrow, the CPI (“Consumer Price Index”) will be announced, and is expected to be strong – at least pushing into the 2% range for year-after-year inflation. A strong CPI gives impetus to the Fed’s consideration of raising their Funds Rate. In front of the CPI announcement, there has been a sell-off in bonds today, raising yields and pressuring mortgage interest rates upward.
INFO THAT HITS US WHERE WE LIVE…Home builders are building plenty of doors, sending single family construction spending up 2.1% in July over June, and up 15.8% over a year ago. In fact, single family spending was the leading driver of total private residential construction spending in July.
Have you noticed that 30-yr Jumbo mortgage rates ( greater than $417K ) lately are similar and sometimes lower than Conforming mortgage rates?
I hope this email finds everyone enjoying their weekend. I’m so glad to have seen so many of you enjoying golf over the past few days!
I wanted to send out a brief update on a few items as we head into the season’s home stretch, including this weekend’s Club Championship.
Our Men’s Club Championship will be held next weekend August 28th – 30th. The men’s tournament will be played in match play format.
TRID rules kick in Oct 3rd. Although learning new rules & procedures may appear daunting and sometimes time-consuming, the TILA & RESPA Integrated Disclosure rule (“TRID”) may be easier over-all for the consumer to understand. Timing events within the mortgage transaction may be more onerous for the lender than for the Realtor. In the beginning of this transition to TRID, you may want to plan for a 45-day closing from the time of purchase agreement acceptance. However, I think we’ll be able to work ourselves back into the 30-day closing soon. I’ve attached CFPB’s Loan Estimate and Closing Disclosure Explanations. If you want to do some more thorough research on the TRID procedure, just call me, or go to the CFPB website: http://www.consumerfinance.
