Nationwide, foreclosures have been steadily decreasing since 2010. However there are a few isolated markets that have been seeing a recent increase in foreclosures and foreclosure starts. This is not necessarily baffling. It’s no coincidence that the majority of these locals are the same ones that have experienced a faster-than-average rise in home prices. Most… Read More
For the third year running, Maricopa County is the fastest growing county in the U.S. For those of you who are not residents (yet), Maricopa County is commonly referred to as “The Valley of the Sun”. It is essentially Central Arizona and encompasses some of the most recognizable cities in the state: Phoenix for one,… Read More
Friday saw a slight rise in mortgage rates but it appears to be only a blip in this year’s trending rate declines. The conventional 30-year fixed closed Friday at an average of 4.25%, with FHA backed financing and the VA mortgage both stalled around 4%. Early in January, it was anticipated that rates for home… Read More
How Will Secondary Market Reform Affect the Home Buyers? No One Knows Yet. Home owners, potential home buyers and those in the Mortgage and Real Estate industry, have been watching closely since the financial crisis to get a sense of where the real estate market is going and when. So far market recovery has been… Read More
Following the lead of the nation as a whole, our state saw a slight increase in Real Estate inventory last month. For Arizona at least, this is noteworthy. I suppose logic would suggest that inventory has been so low for so long that a rise was inevitable, but my feeling is that a market jump… Read More
Home Buyers scouring the market for deals are having a much more difficult time finding one. Due to a shortage of foreclosures and the virtual non-existance of short sales, it’s been necessary for Home Buyers and property investors to adjust their definition of a bargain. Bargains nowadays might include
Though the luxury housing market nationwide has experienced a resurgence in the past year, an article written by Inman News and re-posted on the WFG Title Company blog describes a recent rise in inventory within the luxury market, which in many cases has resulted in a noticeable slowdown of price increases and a general loss… Read More
More New Construction listed in MLS can only mean one thing. Numbers for the sale of brand new homes are down. Developers do not typically welcome the necessity to list their properties in MLS (more on that later). Recently I’ve noticed a considerable uptick in MLS listings for New Construction homes. I would suggest this… Read More
The Greater Phoenix Valley has not quite reached the frenetic pace of Realtor.com’s Top 10 Cities Selling Above Asking Price, but we could be getting close. I rather hope not. I’m not sure activity in our market could be defined as ‘Bidding Wars’ yet. Multiple offers in the East Valley are common in lower price… Read More
With the recent rise in mortgage rates beginning to level off, and Real Estate’s busy season fast approaching, conditions are ripe for Home Sellers to get off the fence. Properties in first-time-buyer range are flying off the shelf, as are more expensive homes… priced right. If that weren’t enough good news for Home Sellers, more… Read More
