3 Bedrooms, 1 bath totally remodeled home in Phoenix, AZ 85029. This excellent home for a first time home buyer offers a great price, new kitchen and it is open to a family room, ceramic tile, new Bathroom, upgraded plumbing, 2 car garage and an inside laundry for you convenience. This home is located at Sangri-la Estates easy access to shopping areas and freeways. Close to Metro center mall and downtown Phoenix. A private street and great mountain views. Make this home yours start now. Hurry this will be gone fast! So call me Martha Navarro 623-341-6345 so I may personally show you this 3 bedrooms, 1 bathroom home in Phoenix, AZ 85029.
What’s ahead for Mortgage rates this week Aug 4th ,2014
Last week’s economic news included a number of housing related reports. According to the National Association of REALTORS®, pending home sales dropped by 1.10 percent in June. The S&P Case-Shiller Home Price Index reports for May noted that home prices are growing at a slower rate of 9.30 percent year-over-year than April’s year-over-year growth rate of 10.80 percent. Construction spending was also lower in June.
The Fed’s FOMC statement indicated that asset purchases connected to quantitative easing will cease in October, but that the current target federal funds rate is expected to stay in place “a considerable period” after asset purchases conclude. FOMC noted its concern over housing markets, which was based on slower home price growth and market activity.
Labor Sector News
The Department of Commerce’s Bureau of Labor Statistics posted a national unemployment rate of 6.20 percent for July, which was higher than expectations of a 6.00 percent national unemployment rate and June’s reading of 6.10 percent. To put these readings in perspective, the Fed had established an unemployment rate of 6.50 percent as a benchmark for winding down its asset purchases and potentially raising the target federal funds rate.
Non-farm payrolls reported 209,000 jobs added in July against projections of 235,000 jobs added and June’s reading of 298,000 jobs added. While July’s reading was lower, analysts said that job growth suggests ongoing recovery for labor markets. Labor markets have been cited in recent months as reasons for slower demand for homes and home builder skepticism.
Next week’s scheduled economic news contains no housing-related reports other than Freddie Mac’s mortgage rates report.
What it is,How it works and Whether you need it ?
Do You Need Flood Insurance?
It’s necessary to find out if you are eligible for flood insurance before buying it. For residents of a community to be eligible, the community needs to enforce floodplain statutes to lessen the chances of flood damage, after which FEMA ensures that such regulations are followed.
Only those who reside in a community that participates in NFIP can buy insurance – today, about 20,000 communities across the country participate in this program.
FEMA offers maps that outline what areas are at high risk for floods, and those that are at moderate-to-low risk. The law requires homeowners to have flood insurance if the properties are located in a high-risk zone and have a federally-backed mortgage. This is because properties located in these high-risk areas have a 26 percent chance of suffering flood damage during the 30 years that it would take to pay off a mortgage.
Homeowners are not required to buy flood insurance if they reside in a moderate-to-low-risk zone, though it may be a good idea to purchase it anyway. Properties outside the high-risk areas make up over 20 percent of NFIP claims. Homeowners in these areas can purchase up to $200,000 in flood insurance.
The bottom line is, even if you don’t necessarily live in a high-risk zone, this doesn’t mean your home won’t ever get flooded. Many conditions can result in flood damage, including clogged drain systems, flash rainstorms, and damaged levees.
Search Results: 67 Properties
2429 W Laurel Lane Phoenix 85029
2214 W Paradise Drive Phoenix 85029
12629 N Rosewood Avenue Phoenix 85029
3660 W Windrose Drive Phoenix 85029
2317 W Cortez Street Phoenix 85029
11666 N 28th Drive 294 Phoenix 85029
11634 N 37th Drive Phoenix 85029
2235 W Bloomfield Road Phoenix 85029
11216 N 33rd Avenue Phoenix 85029
10828 N Biltmore Drive 223 Phoenix 85029
2142 W Shaw Butte Drive Phoenix 85029
3802 W Rue De Lamour Avenue Phoenix 85029
11607 N 21st Avenue Phoenix 85029
13438 N 18th Avenue Phoenix 85029
4040 W Sweetwater Avenue Phoenix 85029
10828 N Biltmore Drive 141 Phoenix 85029
3029 W Sierra Street Phoenix 85029
2515 W Emile Zola Avenue Phoenix 85029
4021 W Cortez Street Phoenix 85029
3748 W Sweetwater Avenue Phoenix 85029
13003 N 10th Avenue Phoenix 85029
4009 W Voltaire Avenue Phoenix 85029
11026 N 28th Drive 80 Phoenix 85029
3544 W Mercer Lane Phoenix 85029
Contact Me
623.341.6345
mmicasa@yahoo.com
HomeSmart
13166 W McDowell Rd # B
Goodyear , AZ 85395