Casa Grande Home of the Week - 2402 E Valencia Drive, Mission Royale, Casa Grande, AZ

2402 E Valencia Drive, Mission Royale, Casa Grande, AZ

Hurry this home in Mission Royale Active Adult Golf Course Community won't last long! 

Beautifully landscaped, north facing patio comes with patio furniture and misting system, extended garage with cabinets, plantations shutters, ceiling fans, and more.

 

 Furniture is negotiable 

Elite Real Estate Pros

Neal Buckner, Broker/Owner, REALTOR®, CDPE

(520) 280-2766

Email: info@eliterealestatepros.com

Survey: Homes Are Selling Faster

Survey: Homes Are Selling Faster

Daily Real Estate News | Friday, September 07, 2012 

Sales are quickening their pace as the time to sell a home decreases and falls more in line with a “balanced” housing market, according to new research by the National Association of REALTORS®. 

The median time a home listed for sale was on the market in July was 69 days, down from 98 days one year earlier. Broken down further, one-third of homes purchased in July were on the market for less than a month, and one in five of homes purchased in July were on the market for at least six months.

“As inventory has tightened homes have been selling more quickly,” says Lawrence Yun, NAR’s chief economist. “A notable shortening of time-on-market began this spring, and this has created a general balance between home buyers and sellers in much of the country. This equilibrium is supporting sustained price growth, and homes that are correctly priced tend to sell quickly, while those that aren’t often languish on the market.”

By the end July, a 6.4-month supply of homes were on the market at the current sales pace. That is 31.2 percent below year-ago levels, when there was a 9.3-month supply.

With supplies of homes tighter, economists expect home prices to continue their trend upward.

“Our current forecast is for the median existing home price to rise 4.5 to 5 percent this year and about 5 percent in 2013, which is somewhat stronger than historic norms because of the inventory shortfall that is most pronounced in the low price ranges,” Yun says.

Source: National Association of REALTORS®

Elite Real Estate Pros

Neal Buckner, Broker/Owner, REALTOR®, CDPE

(520) 280-2766

Email: info@eliterealestatepros.com

7 Reasons to Own Your Home

7 Reasons to Own Your Home

1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.
2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS®. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.
3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
5. Predictability. Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.
6. Freedom. The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.
7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

Online resources: To calculate whether buying is the best financial option for you, use the “Buy vs. Rent” calculator at www.GinnieMae.gov.

Elite Real Estate Pros

Neal Buckner, Broker/Owner, REALTOR®, CDPE

(520) 280-2766

Email: info@eliterealestatepros.com

Mission Royale Veteran's Day Breakfast

*****ATTENTION MISSION ROYALE VETERANS AND RESIDENTS*****

A Special Message from Mission Royale Veteran's Day Breakfast Committee

Plans are underway for the Veterans Day Breakfast scheduled for November 10th at 9:00 A.M. in the ballroom, so please mark your calendars accordingly.

We are planning to feature each Mission Royale Veteran in a Power Point Slide Show and the staff can use your help with bringing the slides up to date. If you have not already done so, please bring or mail a photo of yourself in uniform and a more current one - that way all can see how beautiful and handsome you were and still are! Please also include your rank and branch of military service. We would appreciate having these photos ASAP to allow adequate time to prepare the slides for presentation. If you have already delivered your photos, thanks. If you will be delivering or mailing them in, please mark the envelope to the attention of Debora or Eliese.

We have had good attendance at previous Veterans Day events; however, we feel that we have been missing the female veterans that are living here in Mission Royale, so we encourage you to come and be honored for your service to our great country.

Tickets for the breakfast will go on sale (at the front desk) on September 1st to the Mission Royale Veterans and their families and will be available October 1st as open seating for all residents. Ticket prices are $4 pp for Veterans or $10/couple and $7 for non-veterans. A full-course catered breakfast buffet is included as well as a memorable program.

We hope you will attend this patriotic community event!

Thank you.

Gene Miller, Jerry Collins, and Alan Tabot 

The Veteran's Breakfast Committee 2012

Elite Real Estate Pros

Neal Buckner, Broker/Owner, REALTOR®, CDPE

(520) 705-1798

Email: info@eliterealestatepros.com

July Pending Home Sales Rebound

July Pending Home Sales Rebound

Daily Real Estate News | Wednesday, August 29, 2012 

 

Pending home sales rose in July to the highest level in over two years and remain well above year-ago levels, according to the National Association of REALTORS® (NAR).

The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 2.4 percent to 101.7 in July from 99.3 in June and is 12.4 percent above July 2011 when it was 90.5. The data reflect contracts but not closings.

Lawrence Yun, NAR chief economist, said the index is at the highest level since April 2010, which was shortly before the closing deadline for the home buyer tax credit. “While the month-to-month movement has been uneven, more importantly we now have 15 consecutive months of year-over-year gains in contract activity,” Yun said.

Limited inventory is constraining market activity. “All regions saw monthly increases in home-buying activity except for the West, which is now experiencing an acute inventory shortage,” Yun added.

The PHSI in the Northeast increased 0.5 percent to 77.0 in July and is 13.4 percent higher than a year ago. In the Midwest the index grew 3.4 percent to 97.4 in July and is 20.2 percent above July 2011. Pending home sales in the South rose 5.2 percent to an index of 111.7 in July and are 15.6 percent above a year ago. In the West the index slipped 1.7 percent in July to 109.9 but is 1.3 percent higher than July 2011.

Existing-home sales are projected to rise 8 to 9 percent in 2012, followed by another 7 to 8 percent gain in 2013. Home prices are expected to increase 10 percent cumulatively over the next two years.

“Falling visible and shadow inventories point toward continuing price gains. Expected gains in housing starts of 25 to 30 percent this year, and nearly 50 percent in 2013, are insufficient to meet the growing housing demand,” Yun said.

Source: NAR

Price Improved! 153 W Auburn Sky Court, Casa Grande, AZ

153 W Auburn Sky Court, Casa Grande, AZ

 

 

 

PRICE JUST IMPROVED! 

Gorgeous Custom Coyote Ranch Home!! 

This 3 BR, 2 1/2 Bath single level home has it all. Kitchen island, granite counters, beautiful tile backsplash, upgraded appliances, gas cook-top, upgraded cabinetry, wine cooler, beautiful light fixtures, plantation shutters throughout, master bedroom suite with separate his and her sinks, surround sound in all rooms and back patio, misters for back patio & gazebo, built-in BBQ, 2 full RV hookups with 30 & 50 amp power, or if you need more room build your own quest quarters in the backyard. Call now for your private showing!

Elite Real Estate Pros

Neal Buckner, Broker/Owner, REALTOR®, CDPE

(520) 280-2766

Email: info@eliterealestatepros.com

Signs of Recovery Despite Financing Hurdles On August 23, 2012, in Breaking News, Economics, by Robert Freedman Signs continue to come in that the housing market is seeing slow but steady improvement, although overly tight lending standards continue to hold back the market given the amount of pent-up demad that’s out there. Existing-home sales increased 2.3 percent in July from a month earlier to a sales pace of 4.47 million. The new pace is more than 10 percent above where it was at this time last year. And the median home sales price is up significantly as well, to $187,300, or 9.4 percent higher than this time last year, although NAR Chief Economist Lawrence Yun in his monthly press conference in Washington yesterday attributed the gain to an increase in sales of high-cost homes. Sales of homes at the $100,000 or less price point declined nationally, reflecting the continuing shortgage of distressed and other inventory in markets around the country. The trend is in the right direction, and given the constraint buyers face in obtaining financing, the growth in volume and in price is encouraging. But the picture could be considerably brighter, Yun thinks, if lenders returned to more normal underwriting standards–that is, strandards that were in place for years prior to their loosening in the housing bubble years. As it stands, lenders have tightened way too much in response to the market excesses several years ago. “Housing could easily be much stronger without these abnormal frictions.” he said in his statement released with the latest sales figures yesterday. Elite Real Estate Pros Neal Buckner, Broker/Owner, REALTOR®, CDPE (520) 280-2766 Email: info@eliterealestatepros.com

Signs of Recovery Despite Financing Hurdles

On August 23, 2012, in Breaking News, Economics, by Robert Freedman

 

Signs continue to come in that the housing market is seeing slow but steady improvement, although overly tight lending standards continue to hold back the market given the amount of pent-up demad that’s out there.
Existing-home sales increased 2.3 percent in July from a month earlier to a sales pace of 4.47 million. The new pace is more than 10 percent above where it was at this time last year.
 

 

 

 And the median home sales price is up significantly as well, to $187,300, or 9.4 percent higher than this time last year, although NAR Chief Economist Lawrence Yun in his monthly press conference in Washington yesterday attributed the gain to an increase in sales of high-cost homes. Sales of homes at the $100,000 or less price point declined nationally, reflecting the continuing shortgage of distressed and other inventory in markets around the country. The trend is in the right direction, and given the constraint buyers face in obtaining financing, the growth in volume and in price is encouraging. But the picture could be considerably brighter, Yun thinks, if lenders returned to more normal underwriting standards–that is, strandards that were in place for years prior to their loosening in the housing bubble years. As it stands, lenders have tightened way too much in response to the market excesses several years ago.
“Housing could easily be much stronger without these abnormal frictions.” he said in his statement released with the latest sales figures yesterday.

 

 

Elite Real Estate Pros

Neal Buckner, Broker/Owner, REALTOR®, CDPE

(520) 280-2766

Email: info@eliterealestatepros.com