18 Feb 08 
New Homes in California – A New Dilemma for Home Buyers
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Years ago home buyers and investors were rushing at an opportunity to buy a new home; the high demand increased home prices and made it so many homes were not affordable for some families. Today, the downturn in the California real estate market is making new homes affordable once again. Unfortunately, even though homes are affordable, the rise in recent foreclosures has made owning a new home just a dream. The dilemma is that buyers are unable to qualify for a home loan because they don’t have a large enough down payment or their credit rating is sub-par; two things that would have been overlooked by lenders just two years ago.
During the recent boom, professionals throughout the real estate industry scrambled to capitalize on the huge monetary gains that the real estate market delivered. Experts and the media have pointed out that many of the problems we face today could have been avoided by maintaining responsible standards by all real estate professionals. It’s hard to fault an industry or person; much that was done was only done to meet the needs of home buyers and a robust industry. Some argue that home builders built too many homes, and investors created an unrealistic demand but the blunt of the blame has been placed on lenders and their loose lending practices.
The rise in foreclosures have left many lenders with homes and the responsibility of maintaining and reselling them. Most are losing millions and all are tightening their loan qualifications. Today, home buyers wanting to buy homes are faced with better home pricing, a greater selection and low interest rates but many of them can’t qualify for a home loan in light of the tougher requirements from lenders. Many potential California home buyers interested in buying a home are having problems qualifying or coming up with a larger down payment. These home buyers are the recipients of tough lending qualifications arising after a real estate boom in which creative lending practices and a lack of financial education have left many homeowners facing foreclosure. Now many of these creative loan packages don’t exist; lenders are leery of sub-prime loans and lending to buyers with little money to put down on their investment.
It’s unfortunate that many would-be homeowners can now afford the monthly payment on their home loan but cannot get qualified for a mortgage. This is just one more obstacle that inhibits the California real estate market from rebounding and nullifies the affordability of homes in California.
Tags: california homes, California Real Estate, home buyers, homebuilders, lending practices, new homes in california for sale, real estate investing
17 Feb 08 Arizona Homes For Sale - Builder Incentives and Events 2/16
Below are some home builder incentives and information about Phoenix homes for sale that we found in the local papers. The information is considered reliable but please contact each home builder for more information about their mentioned event, incentives, location or sales pricing.
If specific information about a home builder’s community or new home pricing is not mentioned it was either not in the paper of the builder has several Arizona communities.
Taylor Morrison – go 4 more – Pick your Package
- That’s Entertainment Package – 42” Plasma TV and living room surround sound.
- All Wired Up Package – Complete wiring throughout your home, as well as upgraded lighting options.
- Finished For You Package – Washer and Dryer (may include more)
- Gourmet Kitchen Package – Upgraded kitchen appliances and cabinetry are just the beginning.
For more information visit taylormorrison.com/go4more
Centex Homes – Centextravaganza
- 3-day event – February 16 – 18
- $20,000 incentive
For more information call 1-800-721-6437 or visit Centex.com
K. Hovnanian Homes – Grand Opening of Vinsanto
- Full House Bonus – February 16 & 17
- Washer, dryer, refrigerator and mini-blinds included.
- The Courtyards – from upper $140s – 623-322-4519
- Ridgefield – from upper $160s – 623-466-6581
- The Crossings – from upper $150s – 623-247-1557
- Heritage – from low $170s – 623-322-8174
McDowell Rd. west of 75th Ave. in Phoenix
For more information call visit KHOV.COM
Standard Pacific Homes
The Right Home.
The Right Price.
The Right Time.
For more information about this promotion visit stanpackphoenix.com
Robson Communities – Three Opening Events
Grand Opening – Sports & Aquatics Complex – Pebble Creek
Grand Opening – SaddleBrooke Ranch
Free Event on 16th and 17th – Saturday and Sundal
- Register for a chance to win a cruise!
- Enjoy Model Home Cooking Demonstrations and complimentary food (Pebble Creek & Robson Ranch only)
- Free lottery ticket
- Model home tour
For more information visit www.robson.com
Meritage Active – Buy Today Build Later
Mission Royale and Sundance – homes from $159,900
Green Valley Communities – homes from $165,600
Delay construction up to 18 months
For more information call 1-866-MERITAGE (1-866-637-4824) or visit MeritageActiveAdult.com
Condos
Frank Residential – Renaissance Villas
Luxury Condominiums starting from $159,990
Immediate occupancy available – Create your incentive package up to 6% of the purchase price
- No payment the first 6 months
- Cash toward closing
- One year HOA dues paid
- Mortgage costs paid
Free features – refrigerator, microwave, washer and dryer, and granite counters
14250 West Wigwam Boulevard Litchfield Park, AZ 85340
For more information call 623-535-5554 or visit www.renaissancevillas.com
Cordillera Condominiums – Style & Luxury in North Phoenix
- Incentives up to $16,500
- Prices from $143,900
- 100% Financing still available
1, 2 & 3 Bedroom Floor Plans
17017 North 12th Street, Phoenix, AZ 85022
For more information call 1-888-752-0122 or visit www.cordilleracondos.com
Belleview Communities – 7 Arizona Condominium Communities to Choose from
- The Plaza Residences – From $199,950 in Scottsdale www.theplazaresidencesaz.com
- Biltmore Promenade – >From $119,950 in Phoenix www.biltmorepromenade.com
- The Arcadia Residences – From $169,950 in Phoenix www.thearcadiaresidences.com
- DNA – Phoenix – www.DNAPhoenix.com
- Bella Vita of Scottsdale – From $139,950 in Scottsdale www.bellavitaofscottsdale.com
- Brick Commons – From $159,950 in Phoenix www.brickcommons.com
- The Arbors Flagstaff – From $119,950 in Flagstaff www.thearborsflagstaff.com
*All information was gathered from the local Phoenix, Arizona newspaper(s) and is considered reliable as of 2/16/08. All home builders have their own specifications and disclaimers attached to incentives. Please consult a representative with each home builder for details.
Newspapers used to gather information:
East Valley Tribune and AZ Republic
Tags: arizona new home incentives, chandler new home incentives, gilbert new homes for sale, gilbert real estate, glendale new homes for sale, goodyear real estate, mesa real estate, phoenix real estate, queen creek new homes, west phoenix real estate
15 Feb 08 California New Homes, Home Builders and Real Estate
New Homes Section is starting its initial expansion into California. We hope to offer 100% of our services to California home buyers and home builders within the next three months, but as you know that depends on our search engine success with California keywords. We are going to enter the market offering free advertising to home builders for several months. This will hopefully allow us to start, and build a lasting relationship with California home builders.
A few months of free advertising on New Homes Section will give us the opportunity to send home buyers to California builders and hopefully the home builders will find value in the free services we offer. During the first month or so we’re going to offer home builder logo placement in our new California Home Builder section; this section, for our Arizona home builders, is popular and we hope that California home buyers find value in it as well.
I personally am excited about our initial expansion and can see that our team members are embracing the opportunity and hard work that lies ahead.
We will keep you updated on what happens frequently.
Tags: California, california home builders, California new homes, California Real Estate, homebuilders, homebuyers, new homes section
