Financing IS an option

    President Obama was recently at the Facebook headquarters in Palo Alto, California speaking and answering questions, many of which about the “housing crisis”. As we all know, we have been hit hard across the country and Arizona had a big housing bubble. Because of this, strict regulations limit qualified buyers from obtaining financing.

    With so many opportunities in this market, it is the time to BUY! Fortunately for buyers at Bridgeview, financing is readily available for qualified buyers. With competitive rates and project approval here at Bridgeview, we can get you in your new home in 30 days!

    Come by the sales office to learn more details about the available financing options here at Bridgeview Condominiums.

Jobs:

Some parts of the country were less affected by the recession than others. Prospective buyers should review job-growth data from the U.S. Bureau of Labor Statistics, at www.bls.gov. Unlike many backward-looking economic statistics, jobs data are only about a month old and can “clearly show the direction of the local economy,” says Carolyn Beggs, chief operating officer of real-estate data provider Local Market Monitor Inc. The National Association of Home Builders also posts state and local employment data, at NAHB.com.

Recent sales:

Activity - Three factors should be taken together: housing inventory, sales volume and prices.
A large inventory of homes with few actual transactions are negative indicators, according to Jeffrey Jackson, chairman of Mitchell, Maxwell & Jackson Inc., an appraisal company in New York. On the other hand, if inventory is falling and transactions are picking up, that is a good sign as we see here at Bridgeview.

Construction:

While not as reliable as jobs or sales-trend data for getting a read on a local housing market, the number of permits recently issued for local builders is useful for gauging builder sentiment and, by extension, future housing activity.

You can get recent permit information from your county or municipal building department, or via the National Association of Home Builders (www.nahb.com).

Mortgage:

Availability – If you live in an area where most people use mortgages, it is especially important now to gauge local lending patterns. In the aftermath of the financial crisis, most national banks tightened lending standards. But some local banks haven’t been hit as hard by the housing crash and are more willing to lend, even for higher-priced homes.

For instance, here at Bridgeview MetLife Home Loans has project approval for Bridgeview and offers desirable lending options for buyers.

Anecdotal evidence:

It might sound old-fashioned in an era of electronic data, but driving around neighborhoods, checking out open houses and talking to local agents still are good ways to gather local-market intelligence. The key is to do this kind of research only after you have gathered hard data, so that you don’t misread the signs.
—M.P. McQueen

All information credited to Wall Street Journal http://online.wsj.com/article/SB10001424052748703905404576164720668195108.html?mod=WSJ_RealEstate_LeftTopNews