News for Prescott AZ - AmericanTowns.com

Friday, September 30, 2011

Your Market Trends Report for PRESCOTT

What About Those Termites?










Known to conjure up feelings of dread in homeowners worldwide, the name termite comes from the Latin word for woodworm. No big surprise there. In nature, termites are good, because they turn decayed wood into nutrients for other organisms. In nature; good. In our homes; not good.

How do I know if I've got 'em?

According to the Ohio State University Extension: Typical signs of termite infestations include swarming of winged adults in the spring (March, April, May, and June) and occasionally autumn (September and October)... Other signs of termite presence include "pencil-size" mud tubes (which termites use like tunnels), constructed over the surface of foundation walls, mud protruding from cracks between boards and beams, and hollow sounds from infested wood when it is tapped, or extreme softness when probed with a knife.

First, experts advise, "Don't panic." Termites work slowly. Take the time to do research. In most cases, once a termite infestation has been found, control measures are usually best accomplished by a professional pest control firm rather than a do-it-yourself treatment. (Homeowners seldom have the experience, availability of pesticides and equipment needed to perform the job effectively.)

Deal only with a licensed, certified pest control firm having an established place of business and a good professional reputation. Ideally the firm will belong to a city, state or national pest control association. Get at least three competitive estimates before signing a contract for control measures.

Can I do anything to prevent them?

Termites (and ants) are attracted to moisture. Therefore, keep moisture away from the foundation of your buildings. That means keeping downspouts and gutters working properly. Also, keep vines and shrubs away from the ventilation openings in your crawl spaces. Don't stack firewood or any other wood against the foundation or in the crawl space. Prevent plants from touching the house.

Helpful termite web sites:
Dr. Don's Termite Pages - how to tell the difference between a termite and an ant.
Terminex - has a termite swarm map for the United States
U-Spray, Inc. - has information about different ways to treat infestations





Visit my website at:
www.BradBergamini.com

Monday, September 26, 2011

Weekly Market Update from Curt and Shannon

 

 

September 26, 2011

 



The Dalpiaz Team
Curt and Shannon
141 S. McCormick Street
Suite #107
Prescott, AZ 86303
Ph-928-777-8971
curt.dalpiaz@academymortgage.com
shannon.dalpiaz@academymortgage.com




Fall has just begun, but we're fast approaching the end of 2011. Please don't miss the opportunity to improve financial conditions for everyone in your network. There's never been a better time to save money and consolidate debt.

Whenever you need assistance, I'm here for you. Homebuyers have more reasons than ever to buy a home – interest rates are exceptionally low. It would be a pleasure to help.

Sincerely,

Curt and Shannon
curt.dalpiaz@academymortgage.com

 

 

 

New Fed Programs Help Mortgage Rates

 

Highlights

Average 30 yr fixed rate

Stocks (Weekly)

 

August Existing Home Sales rose 8% from July

The IMF downgraded its forecast for global economic growth

S&P cut Italy's debt rating again

Oil prices fell to $80 per barrel from $90 per barrel last week

 

This week: -0.20%

 

Dow: 10,750 -700

 

 

 

Last week: +0.10%

 

NASDAQ: 2,475 -125

 

 

Last week, the Fed announced new measures to boost the economy. Expectations are low for much economic growth to result from the measures, but they did help push mortgage rates to historic lows.

The Fed released its statement Wednesday afternoon, and MBS markets then staged a very strong rally for several reasons. First, quite simply, the Fed confirmed that there are 'significant downside risks' to the US economic outlook. Slower economic growth reduces inflationary pressures, which is favorable for mortgage rates. Second, the Fed announced the widely expected Operation Twist program. This program will extend the average maturity of the Fed's portfolio by purchasing $400 billion of longer-term Treasury securities and selling an equal amount of shorter-term Treasuries. The third major element from the statement helping mortgage rates was a surprise to most investors. The Fed will begin to reinvest principal payments from its mortgage-backed securities (MBS) holdings in additional agency MBS. Until now, the Fed has been reinvesting the MBS principal payments in Treasury securities.

With roughly $885 billion in MBS holdings in the Fed's portfolio, these principal payments, along with Operation Twist, will create a significant source of additional demand for MBS. The impact of the announcement was priced in very quickly. Although the Fed has not yet begun to purchase securities under the new programs, investors have already factored in the expected impact of the added demand on MBS prices. Following prior Fed announcements about purchasing MBS, nearly all of the benefit took place right away.



This week, New Home Sales will be released on Monday. Durable Orders will come out on Wednesday. The final revisions to second quarter GDP will be released on Thursday. Pending Home Sales, a leading indicator, will also come out on Thursday. Friday will be a big day with Core PCE inflation, Personal Income, Chicago PMI Manufacturing, and Consumer Sentiment. In addition, there will be Treasury auctions on Tuesday, Wednesday, and Thursday.

 

 

 

The market commentary material provided is from a third party vendor, MBSQuoteline, and is not necessarily the opinions of the sender or the organization they represent. This information is intended for educational purposes only and should not be construed as investment and/or mortgage advice. Additionally, the material is deemed to be accurate and reliable, but there is no guarantee it is without error.

 

All products are subject to credit and property approval. Program terms and conditions subject to change without notice. Not all products are available in all states or amounts. Other restrictions and limitations apply.

Academy Mortgage Corporation
1218 East 7800 South #100
Sandy, UT 84094
p. 801-233-3700

Equal Housing Lender


Company NMLS ID # 3113 LO License #912852 Company License # 0904081 LO NMLS #243638


© 2011 LoyaltyExpress

This is not the opinion of Brad Bergamini, Realty Executives Northern Arizona or any of its affiliates.  This post is for informational purpose only and is not guaranteed and does not render as legal advice.  Buying and selling Real Estate in Arizona or Prescott Arizona is a serious task and should be consulted with personally with Realtor or Real Estate Attorney.  Please visit my website for contact information

http://bradbergamini.com or http://everythingprescott.com

 

 

Inside Lending Newsletter From Theron Wall

 

\

Inside Lending from Theron Wall

visit my website     email me now

Theron Wall

Theron Wall
Sr. Mortgage Consultant
1575 Plaza West Drive, Suite C
Prescott, AZ 86303
Office: 928.445.8730
Fax: 928.445.1065
Cell: 928.533.7473

Wallick & Volk Mortgage

For the week of September 26, 2011 – Vol. 9, Issue 39

 

>> Market Update 

QUOTE OF THE WEEK..."Success is the maximum utilization of the ability that you have."--Zig Ziglar, American author and motivational speaker

INFO THAT HITS US WHERE WE LIVE
...To help the economy succeed, the Fed is certainly using its ability to the max. Coming out of the FOMC meeting Wednesday, the Fed announced "Operation Twist"--a strategy of selling its short-term securities to buy long-term bonds to drive down long term interest rates, especially for mortgages. This latest Fed effort to help the housing market is great news for anyone thinking of buying a home, as mortgage rates should stay very very low.

Wednesday's other great news for housing was August Existing Home Sales came in UP 7.7%, to an annual rate just the other side of 5 million units, the best reading since March. This dropped the supply of existing homes to 8.5 months. Tuesday, August Housing Starts were down 5%, to a 571,000 unit annual rate. But, hey, dealing with a hurricane and floods, builders across a good part of the East were hesitant to break ground. Better news came with building permits--UP 3.2% for the month and now UP 7.8% versus a year ago

BUSINESS TIP OF THE WEEK
...Don't avoid taking a prudent risk just because risks sometimes result in failure. Without the possibility of failure, there is no possibility of success.

>> Review of Last Week

IT'S ALL GREEK TO WALL STREET...The week before last, investors were optimistic about Greek debt and European financial problems and the stock market went up. Last week, Wall Street worried that Greece wasn't making progress with the austerity plan that would earn it a bail out from its richer neighbors. Then Moody's downgraded Italy's debt. Lastly, the Fed chimed in: "There are significant downside risks to the economic outlook, including strains in global financial markets." Stocks suffered their worst weekly loss since October 2008.

Wall Streeters were obviously ignoring the good economic signs. Same-store sales were UP 3.4% versus a year ago, as measured by the International Council of Shopping Centers. Redbook Research reported an even better 4.1% boost in same-store sales. There was the positive housing data reported above. Then, some economists said they expect consumer spending to climb at a 1.5%–2% annual rate in Q3. The economy may not be booming, but it's not double-dipping back into recession either.

For the week, the Dow ended down 6.4%, at 10771; the S&P 500 was down 6.5%, to 1136; and the Nasdaq was down 5.3%, to 2483.


It was an historic week in the bond market, as Treasury yields dropped to record lows after the Fed announced its $400 billion "twist" to sell shorter term bonds and buy longer ones. The FNMA 3.5% bond we track closed Friday at $102.27, UP 1.22 for the week. National average mortgage rates held steady, but they're already at historic levels, well below where they were a year ago. Now with the Fed's Operation Twist, some observers say rates may go even lower. 

DID YOU KNOW?
...The majority of real estate agents believe that the biggest reason homes don't sell is simply price.

>> This Week’s Forecast

MORE ON HOME SALES, GDP, INFLATION...Monday, August New Home Sales are expected down a tad from the prior month. Thursday's Pending Home Sales for July are predicted down a little. That day will also reveal the Q2 GDP, Third Estimate, forecast up slightly but still registering modest 1.2% growth. Friday brings a reading on August inflation in the form of Core PCE Prices, the Fed's favorite gauge, which should still be within their target range.

>> The Week’s Economic Indicator Calendar

Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.

Economic Calendar for the Week of Sep 26 – Sep 30

 Date

Time (ET)

Release

For

Consensus

Prior

Impact

M
Sep 26

10:00

New Home Sales

Aug

293K

298K

Moderate

Tu
Sep 27

10:00

Consumer Confidence

Sep

46.7

44.5

Moderate

W
Sep 28

08:30

Durable Goods Orders

Aug

0.0%

4.1%

Moderate

W
Sep 28

10:30

Crude Inventories

9/24

NA

-7.336M

Moderate

Th
Sep 29

08:30

Initial Unemployment Claims

9/24

420K

423K

Moderate

Th
Sep 29

08:30

Continuing Unemployment Claims

9/17

3.713M

3.727M

Moderate

Th
Sep 29

08:30

GDP-3rd Estimate

Q2

1.2%

1.0%

Moderate

Th
Sep 29

08:30

GDP Deflator-3rd Estimate

Q2

2.4%

2.4%

Moderate

Th
Sep 29

10:00

Pending Home Sales

Jul

-1.3%

-1.3%

Moderate

F
Sep 30

08:30

Personal Income

Aug

0.0%

0.3%

Moderate

F
Sep 30

08:30

Personal Spending

Aug

0.2%

0.8%

HIGH

F
Sep 30

08:30

PCE Prices-Core

Aug

0.2%

0.2%

HIGH

F
Sep 30

09:45

Chicago PMI

Sep

54.0

56.5

HIGH

F
Sep 30

09:55

U. of Michigan Consumer Sentiment-Final

Sep

57.6

57.8

Moderate

 

>> Federal Reserve Watch   

Forecasting Federal Reserve policy changes in coming months...Economists don't see a hike in the Funds rate, given the Fed's latest view of the economy and its stated intention to keep rates at super low levels through summer 2013. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.

Current Fed Funds Rate: 0%–0.25%

After FOMC meeting on:

Consensus

Nov 2

0%–0.25%

Dec 13

0%–0.25%

Jan 25

0%–0.25%


Probability of change from current policy:

After FOMC meeting on:

Consensus

Nov 2

     <1%

Dec 13

     <1%

Jan 25

     <1%

 

This e-mail is an advertisement for Theron Wall. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice, or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in the newsletter is the property of Wallick & Volk Mortgage and cannot be reproduced for any use without prior written consent. It is designed for real estate and other financial professionals only. It is not intended for consumer distribution. The material does not represent the opinion of Wallick & Volk Mortgage. BK 0018295 NMLS #256412




Equal Housing Lender  

 

This is not the opinion of Brad Bergamini, Realty Executives Northern Arizona or any of its affiliates.  This post is for informational purpose only and is not guaranteed and does not render as legal advice.  Buying and selling Real Estate in Arizona or Prescott Arizona is a serious task and should be consulted with personally with Realtor or Real Estate Attorney.  Please visit my website for contact information

http://bradbergamini.com or http://everythingprescott.com

 

 

Thursday, September 22, 2011

$250 Boundary Survey

My Good Friend Allen Foster Just sent this to me and I thought I should post it.

 

  $250 Boundary Survey*

Through the end of the year, we would like to offer our friends in Chino Valley and Prescott Valley a savings of 30% off our normal rate of $350.   To qualify for this discount, the land must be in a platted subdivision inside the city limits of Chino Valley or Prescott Valley.  To get started, all you need to do is submit a survey request with the address or parcel number.

 

For land located in other areas of Yavapai County, shoot us a survey request.  If it looks like we can get out there and complete it in one trip, we will extend the offer to you as well.

 

                            www.anglepointsurveying.com  |  928.848.2009

                                    allen.foster@anglepointsurveying.com

 

                    

                                *prices subject to change based on lack of prior recorded surveys

 

This is not the opinion of Brad Bergamini, Realty Executives Northern Arizona or any of its affiliates.  This post is for informational purpose only and is not guaranteed and does not render as legal advice.  Buying and selling Real Estate in Arizona or Prescott Arizona is a serious task and should be consulted with personally with Realtor or Real Estate Attorney.  Please visit my website for contact information

http://bradbergamini.com or http://everythingprescott.com

 

 

 

Wednesday, September 21, 2011

Top Headlines in Real Estate

 

 

 

Today's Industry Buzz

 

The week's most popular news: Real Estate

 

LinkedIn

 

 

 

 

 

 

 

Powered by Twitter+ LinkedIn

Real Estate

 

 

 

Commercial Space Starts to Wobble - online.wsj.com

 

Jittery investors, wary banks, the struggling economy and turbulent financial markets are stalling a two-year rebound in the U.S. commercial real-estate industry.

 

22 shares  •  Read full story  •  Share

 

 

 

 

3 flavors for Inman News memberships: Free, Premium and Premium Plus - inman.com

 

All members can create newsletters, fliers with new REmessenger platform. Today, Inman News launches new memberships, including powerful tools for building newsletters and fliers using Inman News content. The www.inman.com...

 

29 shares  •  Read full story  •  Share

 

 

 

 

Why Use a REALTOR® - realtor.org

 

Many consumers consider selling their home directly but eventually turn to REALTORS®. Smart home sellers realize they need the expertise in pricing their home, making connections with REALTORS® working with buyers, arranging...

 

55 shares  •  Read full story  •  Share

 

 

 

Screen shot 2011-09-20 at 10.12.05 AM

 

Amherst to Senate: 10 million more mortgages set to default - housingwire.com

 

Roughly 10.4 million mortgages, or one in five outstanding home loans in the U.S., will likely default if Congress refuses to implement new policy changes to prevent and sell more foreclosures, according to analyst Laurie...

 

38 shares  •  Read full story  •  Share

 

 

 

 

Vietnam Villa - online.wsj.com

 

This two-bedroom villa opens directly onto the private beach of the Nam Hai resort near Danang.

 

11 shares  •  Read full story  •  Share

 

 

 

 

 

 

 

 

 

 

This is not the opinion of Brad Bergamini, Realty Executives Northern Arizona or any of its affiliates.  This post is for informational purpose only and is not guaranteed and does not render as legal advice.  Buying and selling Real Estate in Arizona or Prescott Arizona is a serious task and should be consulted with personally with Realtor or Real Estate Attorney.  Please visit my website for contact information

http://bradbergamini.com or http://everythingprescott.com

 

 

Brad Bergamini, real estate agent on Zillow

Share Prescott Real Estate News

Bookmark and Share

Brad Bergamini's answers on Trulia Voices

PRESCOTT, Arizona area homes for sale and listings from Brad Bergamini