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Neighborhood Stabilization Program available in Surprise

by Lisa Bray

Neighborhood Stabilization Program available in Surprise 

If you’re looking to buy a home in Surprise, then you may be eligible for additional funding. The city of Surprise is currently accepting applications from income-qualified applicants to participate in the Neighborhood Stabilization Program for the community. Here’s what you need to know about the program:

Neighborhood Stabilization Program:

  • A minimum of $5,000 will be contributed towards the down payment on a foreclosed banked-owned home in Surprise.
  • Up to six percent of the purchase price in closing costs will also be covered for buying a home in Surprise.
  • The program is funded through the Department of Housing and Urban Development.
  • Participants must meet the HUD income guidelines.
  • Participants must work with a City of Surprise approved REALTOR®.
  • Participants must attend a counseling session and homebuyer education course.
  • You do not need to be a Surprise resident to apply.
  • Applicants are selected on a first-come first-serve basis.
  • No repayment is required unless the homebuyer moves out of the property within five years.

For eligibility requirements or more information on the Neighborhood Stabilization Program in Surprise, contact Jason Hughes at 623-222-3239 or jason.hughes@surpriseaz.gov. If you’d like to buy a home in Surprise, please contact me. I am committed to helping you reach your real estate goals on step at a time! -Lisa

Lisa Bray
“More than Just a Home”
RE/MAX Professionals
www.lisabray.com
602-762-3691

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April 2016 RE/MAX National Housing Report

by Lisa Bray

April 2016 RE/MAX National Housing Report

The April 2016 RE/MAX National Housing Report shows March starting off strong with a 33.4 percent jump in sales from February. Like February, March home sales appeared to be especially strong with sales that were 3.6 percent greater than sales from March 2015. In fact, the average year-over-year increase in home sales has been 4.9 percent. March home sales usually rise significantly above February sales, with an average monthly increase over the last seven years of 31.0 percent.

“It’s not always easy for homeowners to keep their finger on the pulse of their equity. This data shows homes have continued to increase in value since the depths experienced after the last recession. Those increases mean far fewer Americans have negative equity in their homes. This increases their mobility and is a positive development for all segments of the housing market,” shares Bob Walters, Quicken Loans, Chief Economist

The inventory of homes for sale remains very tight in many markets across the country, with March seeing a level that is 13.3 percent lower than a year ago, the exact same difference seen in February. At the rate of home sales in March, the National Months Supply of inventory was 3.2, down from 3.7 in March 2015. The average loss of inventory on a year-over-year basis in 2015 was 12.2 percent.

“March is marking a strong kick-off for this year’s home-selling season. After a long winter, demand for homes remains high, with large numbers of home buyers coming into the market. Last year was one of the best years in real estate in a long time, and March sales are pushing even higher. Low inventory is still a stubborn issue in many markets, but overall it doesn’t seem to be moving prices significantly higher,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder.

Click here to download your copy of the April 2016 RE/MAX National Housing Report. If you would like to sell your Arizona home or find the perfect home for sale in Phoenix, please contact Lisa Bray. I will be happy to provide a free market analysis of your home, and I am committed to helping you reach your real estate goals on step at a time!

Lisa Bray

RE/MAX Professionals

www.lisabray.com

602-762-3691

Join me on Facebook!

Search the MLS Now!

“More than Just a Home”

Displaying blog entries 1-2 of 2

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