Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
May 4, 2018
May 4, 2018

Chase Offers $3,000 Grant to Low Income Homebuyers

Qualified buyers will be eligible to receive a $2,500 grant along with an additional $500 available for customers getting a DreaMaker mortgage after they complete a homebuyer education course.
Currently, more than 90 million Americans currently live in eligible lower income areas, according to the American Community Survey data from the U.S. Census Bureau.
The grant is available on DreaMaker mortgages, or low-to-moderate income mortgages available for 30-year fixed rate loans on a single-family home with down payment options as low as 3% and reduced mortgage insurance requirements. The $2,500 grant is also available for Standard Agency, FHA and VA home lending products.
However, the $500 grant is only available for the DreaMaker mortgage and requires borrowers to take the homeownership education course.
For More Info:  https://media.chase.com/content/pr/chase-offers-homebuyers-grants-and-incentives
Hope you have an amazing weekend!      Here are your weekly Inventory Levels:

Supply numbers are based on the number of closings in the previous month, divided into the total number of active listings today.   This data is for Single Family Detached homes only and does not include Patio Homes, Condos, or Townhouses .

The total number of single family homes on the market in the Arizona Regional Multiple Listing Service is currently 13,641.  
A slight increase since last week.    We are seeing an average supply rate of less than 1 4/5 months.  
The current number of pending sales are 6,090.  A slight decrease since last week.  
The current number of pending listings that are "under contract-accepting back-up offers", are 4,251.  A slight decrease since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 2,668 active listings. Just under a 1 3/5 month supply.   A slight increase since last week.

Search #2 - West, Far SW & Far NW Valley

Total of 3,535 active listings.  Under a 1 3/5 month supply.  A slight increase since last week.    

(Cities of: Cordes Lakes, Bumble Bee, Crown King, Wagoner, Yarnell, Date Creek, Constellation, Black Canyon City, Castle Hot Springs, Wickenburg, Aguila, Gladden, Morristown, Circle City, Wittmann,  Harquahala, Tonopah, Paloma, Sentinel, Gila Bend, Mobile, Arlington, Hassayampa, Palo Verde, Congress, Peeples Valley, Yarnell, Cleator, Cordes, Glendale, Litchfield Park, Goodyear, Avondale, Tolleson, Cashion, Estrella Mountain Ranch, Laveen, Peoria, Surprise, Sun City, Sun City West, Glendale, El Mirage, Youngtown, New River, Anthem, Buckeye)

Search #3 - Northeast Valley

Total of 633 Active listings.  Just under a 4 month supply.  A decrease since last week.    

(Cities of: Rio Verde, Fountain Hills, Sunflower, Camp Creek, Desert Hills, Cave Creek, Carefree, Fort McDowell)

Search #4 - East Valley

Total of 2,439 active listings.  Just over a 1 1/4 month supply.  A slight increase since last week.

(Queen Creek, Chandler, Gilbert, Apache Junction, Gold Canyon, Tortilla Flat, Mesa, Tempe, Ahwatukee,Guadalupe, Komatke)

Search #5 - Southeast Valley   

Total of 666 active listings.  Just over a 1 3/5 month supply.   A slight decrease since last week.

(Arizona City, Eloy, Picacho, Toltec, Arizola, Casa Grande, Randolph, Coolidge, Valley Farms, Florence, Johnson Ranch, Sacaton, Bapchule, Stanfield, Maricopa, Ak Chin, Santa Cruz)

Search #6 - Scottsdale (Over 1 Million)

Total of 900 active listings.  Just over a 10 month supply.  A slight decrease since last week.    

Search #7 - Scottsdale (Under 1 Million)

Total of 1,096 active listings.  Just over a 2 1/2 month supply.  About the same as last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 339 active listings.  Just under a 8 1/2 month supply.  About the same as last week.     

Search #9 -  >200K (Single Family Homes)

Total of 942 active listings.   Just over 2/3 of a month supply.  A slight increase since last week.     

Search #10 -  Vacant Land (All Residential Lots)

Total of 6,863 active listings.  Total of 479 pending listings.  Total of 390 closed listings last month.   Just over an 17 3/5 month supply.  A slight decrease as last week


If your property is currently listed with a real estate broker or if  you are currently working with another real estate agent, please disregard.  
It is not my intention to solicit the offerings of other real estate brokers.  I am happy to work with them and cooperate fully.

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West USA Realty
16150 N Arrowhead Fountain Center Dr. Suite #100 • Peoria, AZ 85382
Mobile: (602) 526-7486 • Fax: (623) 877-5455
Office: (602) 375-3300


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