Heather

Market Analysis & Stats

Market Update through the end of October 2011. Please note that the Valley Wide graph represents all of the MLS. (you can click on the chart to see a bigger version) This chart shows you the percentage of distressed properties that are being listed and sold. Short Sales represent 29% of the Closings for October [...]

21 November 2011 Read the full article →

Phoenix area housing statistics

Investors

Here are a few charts from the Cromford Report website that show the most current statistics on the Phoenix-area housing market. All figures are for metro Phoenix Arizona through the first 10 days or so of November 2011, and all types of housing (condo, detached home, patio/town home) are included. These are charts for Days [...]

15 November 2011 Read the full article →

FHFA’s new program to help underwater homeowners

Better Life

Today the Federal Housing Finance Agency announced a new program designed to help even more underwater homeowners refinance their mortgages at today’s low rates. The plan hopefully will allow homeowners to lower their monthly mortgage payments, thus freeing up money to be spent in the broader economy and help the US from slipping back into [...]

24 October 2011 Read the full article →

When can I buy again after a short sale or foreclosure?

Buyer Help

This is from one of our favorite lenders, Jeannie Bolger at Nova Home Loans. Don’t despair! You can buy after a short sale or foreclosure. Plus Jeannie and her staff will help you repair your credit during the waiting period. Heather Barr is a Realtor and a happy workaholic. She eats more than someone her [...]

7 October 2011 Read the full article →

Rapidly dwindling inventory of bank owned homes in metro Phoenix

Buyer Help

In his September 15th market summary Mike Orr of Cromford Report said We are projecting about 4,500 new foreclosure notices during September, a drop of some 16% from August and about 2,850 trustee sales, a drop of about 21%. Part of the drop is because September has 9% fewer working days (21) than August (23). [...]

23 September 2011 Read the full article →

Most expensive bank-owned home in Phoenix

Bad MLS Photos

Tagged as:

It’s located at the Biltmore Estates golf course. Got a cool $7 million? All 18,000 square feet of this mansion can be yours. It’s only the market for 6 months, too, which in the land of luxury real estate is about 1/10th of a second. Last December (was that a mere 10months ago?) it was [...]

20 September 2011 Read the full article →

Condo financing near-impossible to get

Buyer Help

A while back, I wrote a piece called Condo Re-Financing: Tricky to Impossible. Nowadays, that lending dilemma has grown — it’s next to impossible to get a new mortgage to purchase a condo, according to my favorite lenders Kevin Reiser and Jeannie Bolger. (need an ace loan officer? call me or text me and I’ll [...]

19 September 2011 Read the full article →

Mortgage rates lowest since 1971

Mortgages

Tagged as:

Mortgage rates set new record lows this week, per a report by mortgage giant Freddie Mac (the Primary Mortgage Market Survey), hitting rates not seen since 1971. Rates on 30-year fixed-rate mortgages averaged 4.12 percent with an average 0.7 point for the week ending September 8th, 2011. Despite the fact that it’s been 40 years [...]

8 September 2011 Read the full article →

Desert Ridge Market Update

Market Analysis & Stats

Tagged as: ,

The Desert Ridge area is located in the far North Central section of Phoenix, and covers several new-ish neighborhoods just north of the Loop 101 freeway, between Scottsdale Road and Cave Creek Road. Most housing in the Desert Ridge area was built between the mid 1990s and the early 2000s.  Almost all housing is wood [...]

30 August 2011 Read the full article →

How many REOs are selling in metro Phoenix?

Market Analysis & Stats

Tagged as: ,

From our own local God of Statistics, Mike Orr of CromfordReport.com, a breakdown of the market share of each type of home, as of August 16, 2011. REO sales across Greater Phoenix (all types) averaged $59.26 per sq. ft. (down 0.9% from July 16). They gained market share, moving from 43.9% to 44.2%. Pre-foreclosures and short [...]

24 August 2011 Read the full article →

Moon Valley market update, August 2011

Market Analysis & Stats

Moon Valley is located in North Central Phoenix, and covers the mature neighborhoods between Thunderbird Road and Bell Road, and between 7th Street and about 15th Avenue. Homes for Sale/Sold in Moon Valley Active Listings: 11 homes (view these homes) AWC Listings: no homes (what is AWC?) Pending Listings: 3 homes Sold Listings, past 90 [...]

22 August 2011 Read the full article →

← Previous Entries