It’s not uncommon during a game of “friendly golf” to give your playing partner a mulligan. It’s a beautiful day out, everyone’s playing ok, and BAM, you’re out of bounds. It’s a gentleman’s game so your friend offers you a do-over. That’s the comparison that Camelot Homes President Mark Hancock used to describe the new “Clean Slate Program” now available to Camelot Homes’ buyers.
To further “drive” home this point (forgive the golf metaphors), Camelot Homes is offering a way for people who’ve been forced into a bad situation during tough economic times, to once again own a beautiful new home. Said Hancock, “There are people who have had a foreclosure, short sale or bankruptcy, and think they’re out of the market for buying a new home for the next 4 to 7 years.” He went on to say, “This isn’t necessarily the case. We are offering a program that will allow people to stay in the game and take advantage of today’s great pricing.” But time is of the essence as Phoenix-area home prices are already up 19.9 percent in July from just one year earlier, easily the largest percentage gain among major U.S. cities.
Nationwide home prices shot up 3.8% in July, making their largest year-over-year leap since 2006, according to real estate data provider CoreLogic. The gain marks the fifth straight rise in the gauge, part of a positive swing following a year and a half of slumps. The last time prices rose so much was in August 2006, when they jumped 4.1%.The report, coming as a glut of house-hunters clamor after a shrinking inventory, suggests that the real estate market is “clearly seeing the light at the end of a very long tunnel,” said CoreLogic Chief Executive Anand Nallathambi in a public statement.
Arizona led the country in price appreciation with a 16.6% surge.
With that in mind, there is no better time to take your mulligan. Contact our sales people at Camelot and get back in the game!
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