Michael Eberhardt

NMLS# 205119

Branch Manager, Producing

Michael Eberhardt
Branch Manager, Producing

NMLS# 205119
State Lic: CA # CA-DOC205119; AZ # 0911910;
2730 West Agua Fria Freeway
Suite 101
Phoenix, AZ 85027
Direct: (480) 500-4581
Mobile: (602) 499-8001

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It’s all about service at Academy Mortgage, and our company has been meeting the needs of homebuyers across the United States since 1988. I joined Academy because of its strong reputation for integrity-based mortgage lending, its unwavering commitment to responsible lending practices, and for its broad portfolio of mortgage solutions and tools.

Since joining Academy, I have helped many individuals and families attain the dream of homeownership. Whether you want to buy a new home or refinance an existing mortgage, I will provide a customized solution for you at competitive rates. No brokering, no middleman, no hassle, no surprises.

Academy is a direct lender, which means that my Branch and Regional Offices are equipped to complete the entire loan process in-house—all loan processing, underwriting, closings, and funding are handled locally. As a result, we have a proven track record of closing loans as quickly and efficiently as possible.

I will be in control of your loan file from start to finish, and I will be up-to-date on the status of your loan at all times. I understand the importance of maintaining continuous communication throughout the loan process and commit to providing you accurate, timely, and honest mortgage advice.

I invite you to put us to the test. Let me show you how simple and easy securing a mortgage can be.

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Michael and Corina were great. They made the process simple and painless. Thank you. Crystal Martin

NMLS# 205119

State Lic: CA: CA-DOC205119; AZ: 0911910;

Corp Lic: CA: 4170013; AZ: BK-0904081;

Licensed by the Department of Business Oversight Under the California Residential Mortgage Lending Act;


Homes may be in higher demand this fall

While fall is typically a time of lower demand, a healthy fall full of housing activity may be shifting the market in favor of sellers.

Some sellers able to list properties at higher prices. According to Redfin, the housing market's performance in September demonstrated how healthy the industry has been throughout the entire year. The median sale price for a home increased 5.8% when compared to the previous year.

This increase is supported by a higher demand for housing. Sales of homes jumped 9% when compared on a year-over-year basis. 

Another indication of a rising demand for real estate is that the volume of houses sold above listing price is 19.4%, which is 2.3% higher when compared year over year. 

High demand expected to continue in October. Redfin's Housing Demand Index Reports forecast home prices will increase 5.1% and sales will rise 7.9%.

Many regions are seeing properties being sold very quickly, especially when the home is located in a very desirable area.

"Homes in hot neighborhoods like Logan Square used to be snatched up in a few days and now it's two to three weeks," said Chicago Redfin real estate agent Dan Close.

For those looking to sell, the current real estate market is most conducive to sellers. With the right technique, individuals can make a great deal on their properties. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Contact me to find a loan, get a rate, or calculate your payment today.


Existing-home sales decrease slightly in August

After a busy summer, housing activity has begun to slow down. According to the National Association of Realtors, existing-home sales decreased slightly in August. Despite the dip, the real estate industry remains strong. 

"Sales activity was down in many parts of the country last month - especially in the South and West - as the persistent summer theme of tight inventory levels likely deterred some buyers," said the NAR's Chief Economist Lawrence Yun. "The good news for the housing market is that price appreciation the last two months has started to moderate from the unhealthier rate of growth seen earlier this year."

Existing-home sales remain higher on a year-over-year basis. Despite the drop in completed transactions, the total number of sales is actually 6.2 percent higher than the total seen a year ago at this time. 

In addition, the dip in sales follows three consecutive months of gains. This indicates the housing market is experiencing healthy growth, and therefore the seasonal decline should not cause alarm. 

High demand drives high prices. As the economy improves and more individuals feel confident in their personal finances, more people are deciding to apply for a U.S. home mortgage and invest in real estate. The heightened demand also increases the value of homes, and according to the Federal Housing Finance Agency, U.S. home prices appreciated 1.2 percent in the second quarter when compared on a quarter-over-quarter basis, and 5.4 percent year over year. More expensive homes make buying property more difficult for some interested buyers. 

"With sales and overall demand higher than a year ago and supply mostly unchanged, low inventories will likely continue to limit options for those looking to buy this fall even with the overall pool of buyers shrinking because of seasonal factors," noted Yun.

Drop in demand may spark better affordability. While demand remains high and inventory low, fall's reduced housing activity may provide some interested homebuyers with a unique opportunity to find a more affordable dream home. Prices may slide and the chances of entering a bidding war are diminished when demand decreases. 

This is especially good news for the rising number of first-time homebuyers who entered the market in August. Many of these shoppers are younger adults carrying student loan debt, and they will benefit from lower demand and affordable home values. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Contact me to find a loan, get a rate, or calculate your payment today.


Technology continues to impact the housing industry

In today's digital age, interested homebuyers can browse available listings for properties in the area, research current market conditions and learn more about lenders. The Internet connects these buyers with a wealth of resources that assist them through the process of buying a home. 

Technology continues to mold real estate. The housing industry is fueled by buyer demand. With young adults entering the market, more technology is essential. According to Tech Crunch, many companies began catering to their audience by improving connectivity with millennial buyers. Some of these operations include: 

These companies demonstrated that adapting to today's buyers requires not only an understanding of emerging technology, but also the ability to develop their own technologies. As more interested buyers are turning to the Internet to start their search, ensuring this channel is as user-friendly as possible is crucial. 

The NAR's research emphasizes the importance of a hybrid technique. According to Real Estate in the Digital Age, a report published by the National Association of Realtors®, homebuyers use technology to aid their home searches.

"Realtors® constantly strive to find ways to make the home buying and selling process easier for and more accessible to their clients," said NAR President Chris Polychron. "There is nothing more important than helping people find and land their dream home, and since technology helps Realtors® do that, it will continue to be a priority."

However, buyers also crave face-to-face interaction with - and guidance from - real estate professionals. 

"Consumers have the ability to do more home buying research online and be more connected during the home search process than ever before, but research proves they are still seeing the value a Realtor® brings to the transaction, from the initial search to well after the closing," said Polychron. "Realtors® bring great value to buyers from every generation, demographic and location as well as in every financial and familial situation. So while consumers have more technological tools available at their fingertips, Realtors® are now more than ever a part of the home buying and selling equation."

When interested buyers begin their search for a new home and start the application process for a U.S. home mortgage, it's important industry professionals cater to their unique needs. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.