New data from the Cromford Report in Arizona has been released. Data clearly shows a decreasing supply of homes for sale, corresponding with increasing home values. Demand for homes has also increased dramatically with the Demand Index almost double the Supply Index. The Demand Index is listed at 112.7 and the Supply Index is 62.5, […]
Thinking of Doing a Short Sale? Better Do It Soon Before Tax Break Expires
A major tax break for homeowners who do short sales is scheduled to disappear at the end of the year. The 2007 Mortgage Forgiveness Debt Relief Act allows homeowners to short sell their home and not pay tax on the amount forgiven. It is scheduled to expire six months from now, on December 31, 2012. […]
Case Shiller Reports Phoenix Home Prices Rising Fastest in Nation
Case Shiller is reporting that the prices of Phoenix homes are rising at the fastest rate of all cities in the US. The average price of a home in Phoenix increased by 2.2% between February and March. That is the largest increase of all 20 cities that Case Shiller monitors. Seattle was second with 1.7% […]
Phoenix Has Largest Drop in Foreclosure Filings in the Nation
CoreLogic is reporting that Phoenix had the largest drop in foreclosure filings of all major cities in the US on a year over year basis. 2.8% of homes in Phoenix currently has a foreclosure filing associated with it. That is a 1.1% drop from last year. It is the biggest year over year decline of […]
What to do in a Multiple Offer Situation
As the Scottsdale real estate market has surged in the past several months, we are seeing more and more multiple offer situations. While no buyer is ever happy about being involved in a bidding war, it is becoming common in Scottsdale. Unfortunate for buyers (and fortunate for Sellers) it is often the only way to […]
Phoenix Home Values Up 25% In Past 12 Months
The Phoenix Business Journal is today reporting that a new report from Arizona State University shows that the average Phoenix home is up in value 25% in the past 12 months. The Phoenix and Scottsdale real estate markets have seen a huge surge in the past year, but home prices are still at a huge […]
Scottsdale Real Estate Market on Fire
The Scottsdale real estate market is on fire. The market trends are improving with the help of strong economic growth, once in a generation affordability levels, and a surge in investment activity. The number of investors buying Phoenix and Scottsdale homes is off the charts and is at a level that surpasses the numbers during […]
Worst of Housing Crash is Over
Michael Orr, an Arizona State University real estate expert, has predicted that the worst of the Phoenix and Scottsdale housing crash is over. Orr is the director of the Center for Real Estate Theory and Practice at ASU’s W.P. Carey School of Business. He is a well respected real estate analyst in Arizona. According to Orr, […]
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Voted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2025. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.
