| Kiss Your Landlord Goodbye! I'm writing
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| | the Phoenix real estate market has
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| this at the end of August, 2006.
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| | bottomed out, it will have already have
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| Information changes but this article has
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| | started back up, and you will have lost
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| some good stuff in it about first time
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| | an opportunity. The first sign that the
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| home buyer's buying from the Phoenix MLS
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| | buyer's market is ending is that each
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| or any Phoenix real estate for that
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| | month now more homes are being sold than
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| matter. Last year at this time, I don't
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| | the previous month. The market is
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| think a new home buyer had a chance in
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| | leveling out as I type.
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| heck of buying a house. The investors
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| | Home buyers who make an effort can get a
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| literally invaded the Valley of the Sun
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| | ton of help right now.
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| including Phoenix, Ahwatukee, Chandler
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| | Homes for Arizonans: Must be first time
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| and Gilbert and bought everything in
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| | home buyers. Call Arizona Housing
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| sight. Even legitimate home buyers had a
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| | Department: 602-771-1000
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| hard time buying.
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| | Fannie Mae's "My Community Mortgage"
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| Homes one year ago had an average listing
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| | Offered by most major lenders: Can use
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| life of 14 days. Now it's more like 14
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| | non-traditional sources of income like
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| months. Okay, I was exaggerating a
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| | income from boarders.
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| little; it's more like about 75 days.
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| | Home in Five First Time Home Buyer's
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| And this is good news for first time home
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| | Program. Grants for up to 5% of closing
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| buyers. Other good news is that the
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| | costs or down payment. Offered through
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| lending industry is creating more
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| | the Industrial Development Authority of
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| affordable loans that should more than
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| | Phoenix and Maricopa County. Call
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| make up for the slightly higher interest
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| | 602-262-6606 or 602-506-7294
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| rates. And I was just quoted 6.51% which
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| | Lender breaks on mortgage insurance: A
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| in historical terms is great! And there
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| | few lenders offer loans to first time
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| is no pressure to raise the rates soon so
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| | home buyers that don't require mortgage
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| think hard about buying a new home.
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| | insurance if they take classes for home
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| We in the industry are all watching the
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| | buying counseling. The following groups
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| market right now. There are lots of
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| | offer counseling: Community Housing
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| homes on the market, and their average
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| | Resources: 602-631-9780;
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| listing life is longer, that's true. It
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| | Neighborhood Housing Services:
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| causes lots of buyer hesitation because
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| | 602-258-1659; Housing for Mesa:
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| they think the market will force home
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| | 480-649-1335; Fannie Mae Phoenix
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| pricing down in the Phoenix Real Estate
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| | Partnership: 1-800-732-6643; Consumer
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| market. Pigs are fed, Hogs are
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| | Credit Counseling Service:
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| slaughtered is an old stock market term.
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| | 1-800-308-2227; Chicanos Por La Casa:
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| It means when you think it's a good time
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| | 602-257-0700; Community Services of
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| to buy, like right now, buy! By the time
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| | Arizona: 623-435-2255.
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| you see signs that the stock market or
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