Nate Martinez's Blog by Nate Martinez

100 Hole Golf Charity Event

On May 19th I will be participating in a charity golf event for Phoenix Children’s Hospital. As you already know, we are actively involved with Children’s Miracle Network and give money every time we sell a house. In the past we have been a part of other events which raised money for the hospital, such as our motorcycle run, golf tournaments, etc. I know its a hard time financially for a lot of us, BUT there is always a child in need, no matter what is happening in the world economy, real estate market or at the White House. Please check out this video and then decide if you can help me by donating what's in your piggy banks. The pledge forms are available on my website at www.NatesHomes.com and you can fax them or email them to us as provided on the form. Pledges need to be received by May 1st and you can contact Sarah at my office for more details. Thank you in advance for your continued support! Nate ..(read more)

Special Invitation

On Saturday, March 1, Congressman Barney Frank of Massachusetts is visiting Phoenix and will be hosted by Congressman Ed Pastor to a variety of activities and meetings. One of the activities for Congressman Frank will be a Housing Foreclosure Forum. The forum will take place on Saturday, March 1, 2008 starting at 1:30 pm. and ending at 3:30 p.m. The Housing Foreclosures Forum will provide and opportunity for local input to Congress. As the chair person for the Financial Services Committee, Congressman Frank has taken a leadership role on the mortgage and housing crisis that has resulted from the foreclosures and mortgage credit issues. The Forum will allow local practitioners and stakeholders to provide real experiences and valuable input about this subject matter. Addressing Congressman Frank will be leaders from the AZ Dept. of Financial Institutions, the AZ Mortgage Lenders Association, HUD, City Council Housing committees, the AZ Association of REALTORS and Nate Martinez, ..(read more)

Good news from the mortgage industry!

Some of you may have read recently that the fed cut the prime rate and it looks to be a win-win for the mortgage rates remaining unaffected after FOMC (Federal Open Market Committee) meetings this week. The fed funds rate was trimmed by 25 bps to 4.50% and the discount rate by the same amount to 5.0%. They anticipate this will help shield the broader economy from adverse effects of the housing downturn and help with goals of moderate growth and price stability over the long term. I recently spent some time with Mike Hornacek from Professional Financial Services of Arizona and asked him what he thought about the market conditions in the Phoenix Metro area and this is what he had to say. “Current market conditions and the press are all screaming PANIC - DO NOT BUY! However, this is exactly the time to buy - why? Because a couple of years ago, everyone was yelling BUY! BUY! BUY! But during this time, the smart money investors pulled back because the mainstream ..(read more)

Phoenix is Still HOT!

10 Cities Where It's a Great Time to Buy
The real estate business may be facing a softening in sales, but there are parts of the country where it makes sense to buy now. Forbes magazine examined current home sales patterns and sales projects in the country’s 40 largest real estate markets to identify these attractive markets.

Based on models that estimated 2008 housing inventory, sales rates, and turnover, the magazine compiled a list of markets that are experiencing price declines, but where buying looks attractive because there is likely to be an increase in sales in the near future.

Here are Forbes’ and Moody’s 10 most attractive markets, along with the median homes sales price and their price change from 2006. Fort Worth, Texas: $156,500, 1.7 percent Kansas City, Mo.: $157,700, -0.7 percent Houston: $154,900, 1.4 percent Cleveland: $128,700, -7.1 percent Denver: $255,200, none Long Island, ..(read more)

Success Stories!

Presently, there are 52,323 available homes for sale and in June 4,918 homes sold. The numbers are still showing us that only 10% of the market is selling each month, while the number of homes being listed for sale is still rising. The average Realtor in the Valley has sold one home this year, but our team has sold 86 year to date! I want to share with you some of our recent success stories… 2570 S 159th Ave – sold in 10 days 8002 W Campbell – sold in 8 days 13304 W Market – sold in 1 day 19904 N 78th Lane - sold 18 days So what are we doing different? We are using the “Secret” and its working! The age old saying in Real Estate is price, condition and location, and no matter how many years of data we study, the numbers always lead us back here. The homes that meet these market conditions are the ones that sell. It’s no different today and 10 years ago, so learning where to price your home is the key to selling ..(read more)

Luxury Home Market Heats Up In The Northwest Valley!

If you haven't noticed by now, the luxury home market is heating up in the Northwest Valley. I recently hired a pilot to fly myself and a developer I am working with, around the northwest valley. I was amazed by the amount of 10,000+ square foot homes either already built or under construction! My developer will be breaking ground on approximately 4 custom home sites between the $1.5 to $2 million. These mountainside home sites are located in the beautiful gated community of Estates of Westwing Mountain. I also have 2 custom home sites listed in the Estates of Westwing Mountain ranging between $550-650,000. I have I am excited to be marketing this project and if you or someone you know is interesting in learning more about owning one of these distinguished homes, please call me today. We also have custom home sites available in Vistancia's gated community, Blackstone Country Club, ranging between $475,000 to a $1 million. In the far west community of Verrado, I ..(read more)

Exciting News!

I am proud to announce that my office, RE/MAX Professionals will be opening an office in Vistancia located at El Mirage & Vistancia Blvd. We will be located in the new Safeway shopping center - the first real estate services to the Vistancia area. We will open late 2007! Stop by my web site at www.NatesHomes.com - have a blessed day! Nate Martinez

Blackstone Country Club

Blackstone at Vistancia located in North Peoria, is the best kept secret in Arizona! This community is the northwest valley’s premier location comparable to any north Scottsdale gated community. Blackstone at Vistancia will have over 500 residences (approx. 350 luxury homes and 150 custom home sites). Along with the kid camps and pools, junior golf clinics and tennis courts, there will also be a 30,000 square foot clubhouse opening in January of 2007. Tucked between the 9th and 10th hole, this $35,000,000 Hacienda will have courtyards, gathering areas, 3 dining areas and a wine room, with private areas for wine tasting and parties. Also a part of the clubhouse will be a 3,000 square foot fitness center. I have shared with you before, that I personally own a lot in Blackstone, where one day, I will build my dream home. I also enjoy the privileges of a golf membership and would like to invite you for a round of golf or a tour of the community if you are interested in learning ..(read more)