Matt Pennington's Blog Posts

Gilbert Market Action

Gilbert, AZ Thu Aug 23 2018 This week the median list price for Gilbert, AZ is $369,900 with the market action index hovering around 59. This is less than last month's market action index of

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Housing Experts Predict Further Price Growth In 2018

The housing experts are predicting continued growth in 2018! Is there a home purchase in your 2018 New Year's Resolution? Housing experts in the United State are increasing their expectations

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Next For Downtown Tempe

More Growth out of Tempe and more Tech for Arizona. Article originally posted on Phoenix Business Journal on June 15, 2017Greg Weaver says downtown Tempe has exactly what all those highly coveted

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Rising Rates

Great update on rates from Alan Polson at New Penn Financial, LLC.  Actions are starting to match words. For the second time in three months, the Federal Reserve raised the federal funds--

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Phoenix Metro NUMBER 1 For 2017

Phoenix is projected as the top housing market in the country for next year, according to a new forecast report by Realtor.com.The real estate group expects Phoenix housing to see price gains of 5.9

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Fed Hikes Rates What Is The Mortgage Impact

The Federal Reserve hiked short-term interest rates Wednesday, in a move largely predicted by economists. So, what does this mean for mortgage rates and buyers?First off, the Fed does not set

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US Treasury Note Up Will Mortgage Rates Follow

The yield on the 10-year U.S. Treasury note has soared nearly 40 basis points to 2.25%. The yield hasn’t been this high since early January.And as the 10-year note goes, so, too, go mortgage.

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First Time Home Buyers Drive Housing Gains

Existing-home sales rebounded in September as first-time home buyers flooded the market. Sales to first-time home buyers topped a 34 percent share in September, the highest in more than four years,

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City Of Gilbert 2nd Safest In The Nation

Gilbert, Arizona once again voted the 2nd Safest City in the United States! According to Law Street Media for cities with a population over 200,000. This is the 4th time Gilbert has ranked at

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Market In A Minute

The Fed voted not to raise policy rates at this week's meeting, but did leave the door open for a hike before the end of the year. Odds currently favor December.Stocks rallied on the news, hitting

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Fall Housing Continues To Look Strong

Home sales are retaining momentum as we push into fall.The NAR’s Pending Home Sales Index posted at a respectable 111.3 for July, a 1.3% increase over June’s reading of 109.9. The index posted

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HOW MUCH YOUR HOME IS WORTH

As home prices rise, home owners equity is growing at the fastest quarterly rate since 2013, according to the National Association of REALTORS® Economists’ Outlook blog. The total value of

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1 And Quarter Acre Horse Property

Looking for a acreage horse property in the Phoenix East Valley? Check out this beautiful home! Three Bedroom , two bathroom split floor plan with amazing upgraded kitchen. Bring the horses for

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Real Estate Safety And You

Client safety is of the utmost importance to me.  Here is a great video from the National Association of Realtors. Enjoy!;

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Canadian Investors Look To Sell

Canadians investors who bought Valley homes at the bottom of the market could be poised to start selling and make a windfall.The market has turned for several reasons, including exchange rates

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June Housing Starts

Sales of existing homes were up 1.1 percent in June from May to an annual rate of 5.57 million units. This was above the 5.50 million expected, according to the National Association of REALTORS®.

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Mesa Minicon Family Day

Here is a great way to get out and explore Mesa! Minicon Family Day, July 23rd, from 9am – 4pm. Take off on an out-of-this-world adventure at Sci-Fi: Fantasy to Reality. Also, enjoy

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Top Motivations For Selling

Inventories of homes are tight nationwide and especially in the Phoenix Metro Area. So what’s going to get home owners to finally sell? In a recent survey, realtor.com® researchers found some of

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New Housing Growth

Things are shaping up nicely as we head into summer.Sales of existing homes once again ratcheted a notch higher. For April, sales rose 1.7% to 5.45 million units on an annualized rate. The sales

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Home Sales Forecasted To Have Best Year In A Decade

Relentless supply constraints and home price growth outpacing wages are testing the patience of home buyers this year, but existing-home sales are still on track to come in at their highest pace

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Quick Market Update

Please enjoy this quick update on what happened this week in the housing and financial markets. Reports on retail sales, housing and industrial production

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Memorial Day Blues Bash At The Queen Creek Olive Mill

Enjoy a annual Memorial Day Blues Bash from 11am-3pm on Monday, May 30, 2016 with live music by the Rocket 88’s blues band. There will be grilled burgers and sandwiches at The Pit,

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All Buyer Types Boosting Phoenix Metro Market

The market is great, come on in! Metro Phoenix’s housing’s market is drawing many of the different types of buyers needed to propel it to a full recovery from the crash. More first

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Mesa 85205 Zip Code Sales Up Inventory Down

As we near the month of May, Sales remain strong in the East Valley and inventory is low.  May is traditionally the busiest month of the year for real estate transactions.   Over

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Factors Boosting Housing In May

With the school year coming to an end, many families will be in the market to move while the kiddos are not in the midst of a school year. Here are four current housing market factors that will

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Optima To Begin Kierland Development

Optima Inc. — the development and architectural firm known for its upscale multifamily developments in Scottsdale has started construction on its latest project next to Kierland Commmons and

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Five Ways To Save For Down Payment And Closing Costs

Saving for a down payment does not have to be an impossible feat for your would-be buyers. HouseLogic recently featured several resourceful ideas to help them save up for a down payment on a home

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New Home Build Sales And Permits Are Up

New home sales are up around the Phoenix Metro area and builders continue to take out more permits for new construction compared to last year.That is according to the latest data from-

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Mesa Mountain Lion Carnival Just Around The Corner

MESA, Arizona – On the second weekend of April, the carnival is coming to town. On April 7-10, the Mountain Lion Carnival will be held at Red Mountain High School.The carnival, which is

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Explore Mesa Arizona

MESA, AZ – Mesa is a wonderful city situated in Maricopa County in the State of Arizona and is home to beautiful many places and cultured people. One of the biggest attractions of this city

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Mesa Street Pianos Play Me I Am Yours

How fun is this! MESA, Ariz. – Play Me, I’m Yours, an international touring artwork devised by British artist Luke Jerram, is coming to Mesa, AZ! The Mesa Arts Center’s

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Home Ownership On The Rise

The home ownership rate was on the rise for the second consecutive quarter as an improving job market and a slight easing in access to credit helped put an end to nearly two years of declines.The

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HUD Home At Mesa Country Club Park Mesa AZ 85201

3 Bedroom, 2 Bathroom, 1,204 Sq. Ft. HUD home at Mesa Country Club Park offered at $135,000. Conveniently located near Whitman Elementary School, Carson Junior High School, Westwood High School and

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Maricopa County Home And Garden Show

The Annual Big Maricopa County Home & Garden Show is back once again on January 15th! There will be 1,000 exhibit spaces with home improvement companies, interior designers, vignettes,

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Glendale Glitter And Glow Block Party

Take in the stunning 1.5 million lights along with more than 20 hot air balloons glowing brightly amidst the trees throughout 16 blocks of Historic Downtown Glendale. A highlight for visitors

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Easy Lifestylers Boost Appreciation And Sales Of Condos And Town Homes

Pricing for townhouses and condos continue to climb for the third consecutive month as customers seek an enjoyable lifestyle over the responsibilities that come with owning a single-family home. The

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New Build Single Story Homes Now Available In Mesa At A Great Price

The Richmond American community of Villas at Montana Vista is now offering single story homes as part of their product line.  This is an amazing community with great location just off

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HUD Home At College Park Phoenix AZ 85033

3 Bedroom, 1 Bathroom, 1,174 Sq. Ft. HUD home at College Park offered at $112,000. Conveniently located near Cartwright School and Trevor Browne High School. Quick access to US-60, I-17, I-10 and

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Temperatures Fall But Home Prices And Sales Stay Hot

Valley home sales and prices slowed a bit in August, after several months of increases. But, home prices, home sales and home building are all on the rise again, according to two new

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Low Interest Rates Likely To Stick Around

The Federal Reserve once again decided not to raise the federal funds rate this month, saying the economy is short of benchmarks. That likely means home buyers will be able to take advantage of

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HUD Home At Arizona Estates Chandler AZ 85286

3 Bedroom, 2 Bathroom, 1,640 Sq. Ft. HUD home at Arizona Estates offered at $232,999. Conveniently located near Rudy G Bologna Elementary School, San Tan Junior High School and Perry High School.

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Elliot Groves New Build Homes

I previewed the amazing community of Elliot Groves Morrison Ranch by Taylor Morrison today.  I spent most of my time at the Discovery Collection with their amazing builder rep Dawnell

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HUD Home At The Trails Chandler AZ 85286

3 Bedroom, 3 Bathroom, 2,576 Sq. Ft. HUD home at The Trails offered at $363,500. Conveniently located near Haley Elementary School, San Tan Junior High School and Perry High School. Quick access to

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More Companies Moving To Chandler And East Valley

More Commercial is coming to Chandler. Following the path of companies such as Intel, ebay/Paypal and others!In less than a month, Chandler has scored a second specialty pharmaceutical company

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HUD Home At Utopia Estates Phoenix AZ 85050

3 Bedroom, 2 Bathroom, 1,848 Sq. Ft. HUD home at Utopia Estates offered at $100,000. Conveniently located near Sunset Hills Elementary, Vista Verde Middle School and Pinnacle High School. Quick

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Advantage Shifting Slightly To Home Buyers

Home buyers may be gaining more leverage in the housing market. As the last few weeks of summer wind down, a realtor.com® analysis of housing data for the first three weeks of August reflects

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HUD Home At Village At San Tan Heights Queen Creek

4 Bedroom, 2 Bathroom, 1,520 Sq. Ft. HUD home at Village at San Tan Heights offered at $117,000. Conveniently located near San Tan Heights Elementary School, Mountain Vista Middle School and

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Arizona Market Improving For Firsttime Home Buyers

First time home Buyers should start with a consultation with a Realtor! We work with lenders that offer the Home in Five Advantage program. A recent Huffington Post article cited

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Equity Is Growing Ask Me How Much Your Home Is Worth

As home prices rise, home owners equity is growing at the fastest quarterly rate since 2013, according to the National Association of REALTORS® Economists’ Outlook blog. The total value of

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HUD Home At Muirfield Village Condominiums Mesa AZ 85209

3 Bedroom, 2.5 Bathroom, 1,412 Sq. Ft. HUD home at Muirfield Village Condominiums offered at $148,000. Conveniently located near Stevenson Elementary School, Fremont Junior High School and Skyline

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3 VA Home Loan Tips

I would first advise that you seek the representation of a Realtor that is well versed in VA transactions. There are many that now have the National Association of Realtors designation of MRP

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Mortgage Do And Dont Game

Mortgage Do and Don't game. When your preparing for a home purchase, always talk with your lender about what to do and what not to do for a smooth and successful lending process.  Just click

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HUD Home At Stetson Valley Phoenix AZ 85083

2 Bedroom, 2.5 Bathroom, 1,532 Sq. Ft. HUD home at Stetson Valley offered at $185,000. Conveniently located near Las Brisas Elementary, Hillcrest Middle School and Sandra Day O’Connor High School.

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