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Phoenix real estate market

Phoenix Real Estate on Realtor.com – Location and Economics are Keys to Stabilization

July 30, 2010

I was featured on REALTOR.com® again – they posted a blog I wrote called “Location and Economics are Keys to Stabilization.”

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Just Out Today – foreclosures up in 75 percent of metros. What?!

July 29, 2010

RealtyTrac® the leading online marketplace for foreclosure properties, released today its Midyear 2010 Metropolitan Foreclosure Market Report. The news was grim. It showed 154 of the 206 U.S. metropolitan areas with a population of 200,000 or more posted year-over-year increases in foreclosure activity – that is an astounding 75 percent.

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More Research Encourages Buying (versus renting) a Phoenix Home

July 15, 2010

Credit Suisse reported data this week putting numbers to something we already suspected: it can be less expensive to own a home than to rent.

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Sales up in the Phoenix housing market . . . and foreclosures too

July 8, 2010

The latest Realty Studies report from Arizona State University’s W. P. Carey School of Business came out this week. As in my blog post on Tuesday, news is mixed.

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The Phoenix Real Estate Market Continues Its Ups and Downs

July 6, 2010

The Arizona Republic reported numbers today that show mixed signals regarding the Phoenix housing market. Part of the confusion is due to the large unknown regarding the impact of the federal homebuyer tax credit on sales as well as the loan-modification program on foreclosures.

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Fannie Mae Urges Homeowners to Not Walk Away

June 28, 2010

Fannie Mae announced last week that it would “lock out” borrowers from obtaining a new loan for seven years if they choose to “strategically” default on a mortgage they could have afforded.

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As Phoenix Real Estate Stabilizes, Mortgage Applications Jump

June 16, 2010

There has been a lot of data recently to support the notion that the real estate market is stabilizing. And last week, the amount of customers applying for mortgages jumped 18 percent. Yet another sign that the market is becoming stable.

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ASU Repeat Sales Index Reports a Year-Over-Year Increase Marketwide in Phoenix Real Estate

June 2, 2010

At the end of April, I wrote about how – for the first time in three years – there was an increase in the lower-price and foreclosure segments of the Phoenix market.

Well, I’m excited to share this month that – also for the first time in three years – Phoenix-area housing prices are showing an overall – yes, marketwide – year-over-year increase. Champagne, anyone?

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Buying a Phoenix Home Foreclosure

May 31, 2010

With mortgage rates at record lows and the stock market shaky these days, more and more people are putting money in an asset they understand – real estate. And I’m getting a lot of questions about buying foreclosures. Foreclosures can be a great deal but there are many things to consider when looking into purchasing a bank-owned home. I just urge you to be cautious.

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Weekly Market Update for February 1, 2010

February 1, 2010

I like to start off with the numbers so here we go:
Right now there are 41,127 properties for sale in the MLS.  That’s up about 2000 from last month at this time and down nearly 8000 since last year at this time.  So in the past year, we’ve sold off much of the excess inventory [...]

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