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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I like Mike's quick response, answering my calls and questions honestly and being patient when I got nervous or anxious about the transaction. I like the email updates too!Partner Satisfaction Survey - Sylvia Howard - Tuesday April 22, 2014

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;


Millennial buyers want walkable neighborhoods

Knowing what potential homebuyers want in communities where they purchase houses in can help forecast trends in the real estate industry. The 2015 National Community and Transportation Preference Survey indicated those between the ages of 18 and 34 prefer walking when asked what their favorite mode of transportation is, according to a press release from the National Association of Realtors.

Walkable communities more appealing to young buyers. In the survey, walking was preferred over driving by 12 percentage points. These young adults want to be near shops and entertainment establishments when they decide to invest in a home. Millennials want attached housing that allows them to easily access stores and public transportation.

This is important to understand because the community preferences directly correlates with where homes are being purchased.

"Realtors don't only sell homes, they sell neighborhoods and communities," said NAR President Chris Polychron. "Realtors aid in improving and revitalizing neighborhoods with smart growth initiatives, helping create walkable, urban centers, which is what more Americans want in their neighborhoods. While there is no such thing as a one-size-fits-all community, more and more homebuyers are expressing interest in living in mixed-used, transit-accessible communities." 

When young buyers find communities that allow them to walk everywhere, they will likely be more inclined to apply for a U.S. home mortgage and finally invest in a home of their own.

Public transportation use is high among millennials. An infographic created by the National Association of Realtors indicated 32% of young adults walk to get to public transportation for school and work. Only 19% of Generation X and 13% of baby boomers walk to use trains and busses to get to school and work.

When it comes to running errands, 62% of millennials walked, while only 54% and 53% of Generation X and baby boomers walked respectively.

This dependence on public transportation among young adult buyers means there is a demand for homes in more urban communities. In fact, 48% of respondents indicated they want to buy homes with small yards but within walking distance of amenities instead of living in a home with a large yard and less walkability.

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.


Demand for housing forecast to increase

Many young individuals have decided to apply for a U.S. home mortgage and invest in real estate. In fact, Realtor.org indicated 38% of today's buyers are purchasing a house for the first time. Job growth and improving economic conditions encourage more individuals to consider homeownership, which ultimately bolsters the housing market. 

Fortunately, this trend is expected to continue. 

Demand for housing to surge. According to the Mortgage Bankers Association, the volume of household formations will likely increase a great deal by 2024

"Household formation has been depressed in recent years by a long, jobless recovery and by a lull in the growth of the working age population," said Lynn Fisher, MBA's vice president of Research and Economics. "Improving employment markets will build on major demographic trends - including maturing of Baby Boomers, Hispanics and Millennials - to create strong growth in both owner and rental housing markets over the next decade." 

With conditions adhering to the needs of the buying force, more individuals can feel financially capable of affording real estate. Housing demand will help strengthen the market, and the next decade is forecast to be the strongest in all of the U.S.'s housing market history. 

Young adults are waiting longer to purchase houses. Most millennials are waiting to form families and invest in housing. 

"When it comes to starting new households, age 35 is the new 25, as younger Americans are spending a longer time in school and delaying major life events like getting married and having children," said Jamie Woodwell, MBA's vice president of Commercial Real Estate Research. 

Many individuals included in this demographic will emerge as homebuyers in the next decade, feeding the demand for housing and ultimately strengthening the housing market. 

Higher number of diverse household formations expected. In addition, MBA forecasts the number of diverse families owning houses will increase as well over the course of the next decade. 

African-American households will increase by 2.4 million households and Hispanic households are expected to grow from 5.5 to 5.7 million. In addition, non-Hispanic White, Asian and other households are also forecast to increase dramatically.

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.


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.