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Phoenix real estate market

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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Bob Stahl Realtor and MyPhoenixMLS.com In The News: ‘Walking away’ not immoral, prof says

January 31, 2010

This post is from the Arizona Republic, Sunday January 31, 2010 Edition.
He expands defense of homeowner in default
By J. Craig Anderson – Jan. 31, 2010 12:00 AM
The Arizona Republic
Arizona law professor Brent White says the only thing standing between many “underwater” homeowners and a better financial future is a misguided sense that walking away from [...]

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Phoenix Home Prices Up for 5th Straight Month

January 21, 2010

The S&P/Case-Shiller Home Price Index released December 29, 2009 (and covering through October 2009) had more good news for the Phoenix real estate market: prices increased for the fifth month in a row.
National-level highlights
 

While home prices in the 10-City and 20-City composite indices were still down – 6.4% and 7.3%, respectively – compared to a [...]

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Phoenix Real Estate Blog: Upcoming Events

January 20, 2010

If you’re a regular reader of the MyPhoenixMLS.com blog, you know that I write often about the Phoenix real estate market – what has happened, what is happening, and what is likely to happen in the future.  If you like that kind of thing, there are two upcoming Phoenix real estate market forecast conferences this [...]

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