Spectacular home in the prestigious Kierland Commons. Walk to fabulous fine dining and shopping, enjoy breathtaking views of city lights & mountains from nearly every room. Enjoy the pool, spa, gym, and concierge services offered at the desirable Kierland Lofts.
See the virtual tour and photographs here...

Stunning 4 bed 4 bath contemporary home situated in the desirable Paradise Valley Foothills. Dramatic high ceilings, large windows, marble flooring and new carpet throughout. The formal living room has a cozy natural gas fireplace. Other rooms include family room with built ins, an elevated formal dining room as well as a breakfast room.
More photos and details here...

• Historical interest rate chart (PDF) How long rates will remain this low is anybody's guess. But this chart [Download 30-Year Fixed-Rate Mortgage historical interest rate chart] demonstrates just how historically low interest rates are. Look at where rates were in the early nineties - then look what happened!  We hope this chart provides food for thought for anyone wondering if now is a good time to get off the fence regarding a home purchase or refinance.
• Mortgage Updates (PDF)  Week January 08, 2012
  
• Back into the market? Download the PDF with rules for getting a mortgage as you come near the end of the waiting period for your short sale, bankruptcy, etc. Contact Julie if you have any questions.

MARKET UPDATE

January 23, 2012

Quote of the week... "Happiness is not a state to arrive at, but a manner of traveling." --Margaret Lee Runbeck

INFO THAT HITS US WHERE WE LIVE...Well, we can all make our way with a bit of a smile on our faces, courtesy of the latest Housing Starts numbers. At first blush, the December report seemed disappointing, down 4% for the month. But starts overall are UP 24.9% from a year ago and December's drop was all from multi-family starts, very volatile month-to-month. Single-family starts were UP 4.4% for the month and UP 11.6% for the year. No wonder the National Association of Home Builders confidence index went to 25, its highest reading since 2007.

For those who still couldn't put on a happy face, Friday's data should have done the trick. Existing Home Sales were UP 5% in December, their third consecutive gain, to their highest level since January 2011. The inventory of existing homes is down 21% from last year and the months' supply dropped to 6.2, the lowest level since April 2006. For all of 2011, sales of single-family homes, townhomes, condos and co-ops rose 1.7%, to 4.26 million units. Read more...