Alex Popovic Lists One Of Phoenix’s Most Luxurious Penthouses

Check out the listing that Alex Popovic has overlooking Tempe Town Lake, right in the heart of Phoenix/Tempe.  This Penthouse, one of three owned by one client has spectacular views, unprecedented concierge and amenities that are some of the finest in the valley.

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Dodd-Frank Laws To Be Repealed by Trump. Should Encourage Home Purchases

Back in January 2015, the Dodd-Frank banking and lending laws were enacted by the Obama administration and implemented into the Real Estate industry nationwide as a way to reel in the lackadaisical practices that led to global financial meltdown of 2008.

dodd-frank-semper-find-my-home-blogTo say that that it was a knee-jerk overreaction to a problem that did exist would be putting it mildly.  Instead of applying thoughtful, just and practical solutions and laws, it swung the pendulum so far the opposite way that it restricted and strangled money lending and the procedures associated with them.

Of course, regulations are always the answer right!  The law also created the Consumer Financial Protection Bureau (CFPB).  The Trump administration has vowed to dismantle the Dodd-Frank Act and replace it with policies to encourage growth and job creation.

The Trump administration has a blueprint to replace Dodd-Frank called the Financial Choice Act and while it won’t replace the original act, what it will do is ease some of the restrictions it has had on people borrowing money to purchase new homes.

As a realtor here in Phoenix to Veterans and First Responders, many who are first time home buyers, have been unable to purchase a home because they can’t quality due to Debt To Income issues, or other disqualifying reasons that wouldn’t have been there prior to Dodd-Frank.

We view this as a positive step to revitalizing money lending which will create jobs and enable more first time home buyers to get a slice of the American dream.

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Three Phoenix Cities Make top 10 List For Jobs in 2017. Scottsdale #1

Once again three Arizona cities have made it as the 10 best cities in 2017 for jobs. Tempe made #9 on the list, while Chandler came it at #7 and our very own Scottsdale topped the list at #1 from all cities across the US

semper-find-my-home-top-employment-cites-2017The list was compiled by WalletHub and compared 150 of the most populated US cities and utilized 23 key indicators of job-market strength. They used a variety of sources to compile their date, US Census Bureau, FBI, US Department of HUD, Council for Community and Economic Research and the Center for Neighborhood Technology to name a few.

Metrics used for job opportunities were Employment Growth and Employment Outlook compared to the Unemployment Rate. At Semper Find My Home we’ve been seeing an uptick in home purchases and consumer confidence in the housing market seems to be returning.

These three great cities have been hot for home sales as have a lot of other across the Phoenix Valley. While interest rates have increased there are still awesome deals to be had and a ton of programs from lenders.

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The Beauty of Arizona a Video and Short Story of Why Living In Arizona Is Unprecedented

Did you know that Arizona has more National Monuments than any other state in the entire country, 18 to be exact, next comes New Mexico with 12 followed by California with 10?  Pretty Amazing right!

There are so many unbelievable opportunities in Arizona for people to see and visit some incredible landmarks and be amazed by how close they are to the largest city in Arizona, Phoenix.

Check out this beautiful video of what makes Arizona a great place to live, visit and why it is projected to be the #1 Real Estate market in the US for 2017

Since moving to Arizona, Alex Popovic, the founder, and owner of Semper Find My Home has helped veterans and first responders all over the state with their Real Estate needs, whether it be buying or selling or even renting a home, townhome, condo or even purchasing land.

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FHA Cuts Mortgage Insurance Premium, Good News to Home Buyers

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For many homebuyers looking to buy a home, the last several years has been a mixture of both blessings and curses. On the one hand, interest rates have been at an all time low, yet on the other, the newly enacted Dodd-Frank lending practices have made lending money far more stringent. Yesterday though, the FHA cut mortgage insurance premiums for the first time since 2015 and this is good news.

The FHA announced it was cutting their annual mortgage insurance from .85 percent to .60 percent. What does that mean for the average buyer? It is a key step in helping low, moderate and first time homebuyers get into homes.

Recently, though, the high cost of mortgage insurance has put home ownership out of reach to many. While FHA mortgages represent a low down payment option for buyers, the additional insurance requirements priced many young and first-time homebuyers out of the market.

It really becomes a simple question of math. Every time mortgage insurance rates are cut means the borrower meets the debt-to-income ratios or (DTI) required by Dodd-Frank laws.

The FHA and Department of Housing and Urban Development took an important step in making home ownership the American dream again. The FHA is being asked by many in the real estate industry to next eliminate “life of loan” mortgage insurance.

This means borrowers are required to maintain mortgage insurance on an FHA-insured property regardless of their equity position, while borrowers with traditional mortgage insurance can typically extinguish their mortgage insurance once they reach 20 percent equity in the property.

Here in the greater Phoenix area, a market that’s been named #1 in the nation for homeownership in 2017, this is great news and a program we will be utilizing for our buyers and borrowers moving forward.

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Phoenix Veterans Hospital gets VA’s Worst Rating…….1 Star

As a realtor here in Phoenix and someone who calls it home, I primarily deal with Veterans and VA loans as my “niche” market.  Personally, I believe there is no better loan out there than a VA loan for many reasons, one of which is zero money down.

One of the things I do on a regular basis is set up a small table at the Phoenix VA every couple of weeks and advertise my company, Semper Find My Home.  It’s a quick and easy way to get as much exposure for our services to fellow veterans, particularly when it comes to buying or selling a home in Phoenix.

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Photo courtesy of Realtor.com

On a daily basis there are thousands of veterans who walk the halls and I get to see vets from WWII till the present and everything in between.  A recent report though from the VA’s own internal rating system (based on 1-5 stars) ranked the Phoenix VA at one star.

This is troublesome on many levels, particularly as a service connected disabled veteran myself, I get treated at this facility.  You can read the entire report on my other blog at AlexPopovic.com

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