The Scottsdale AZ real estate market is beginning to reach levels of normalcy, especially when it comes to foreclosure rates. According to The Cromford Report, the number of pending Scottsdale foreclosures, as well as the current REO inventory, is down significantly from that seen around this time in 2011. At the same time, prices of Scottsdale homes continue […]
Scottsdale Mortgage Rates Climb According to Freddie Mac Survey
Scottsdale mortgage rates have recently been kept low to encourage home sales and boost the economy. Now that sales are up, household debt is down and the real estate market is gaining speed every day, we are beginning to see a continued increase in the average mortgage rates. Though the rise is small, Scottsdale mortgage […]
Phoenix Real Estate Shows Largest Annual Price Gains
The Phoenix real estate market has shown the largest increase in home prices out of 20 metropolitan areas in the past year according to the Case-Shiller Index. As of February, prices of homes in Phoenix have risen 23% from February of last year. The rate from January to February was 1.1%, the second-largest monthly increase […]
Phoenix Foreclosure Rate Drops to 1.31% in February
In the Phoenix and Scottsdale areas, mortgage delinquencies continue to fall, and the Phoenix foreclosure rate is steadily dropping. Improvements shown in February from the previous year’s rates are evidence that both the Scottsdale real estate market and that of the greater Phoenix area are indeed stabilizing. According to figures from CoreLogic, the Phoenix foreclosure […]
New Scottsdale Homes Sales Climb in March
The time to check out new Scottsdale AZ homes for sale is now, as new Scottsdale homes are selling fast. The U.S. Census Bureau and HUD have recently released figures that show a rise in sales of brand new, single-family homes. A 1.5% increase brought the annual rate to 417,000 units this March. This is […]
Rise in Luxury Phoenix Homes for Sale
The Phoenix real estate market continues its steady improvement as the number of luxury Phoenix homes for sale grows. In early April, we saw 2,267 homes listed at $500,000 or more. According to housing analysts. Mike Orr, this marked a 3 percent increase from the previous month. This year also promises fewer short sale listings […]
Arizona Mortgage Delinquencies rate at 5.18% and Dropping
The Arizona housing market continues its hopeful recovery as the rate of Arizona mortgage delinquencies falls to 5.18%. Though still relatively high, the rate of Arizona mortgage delinquencies has dropped just below the national average, seeing the sharpest decline in delinquencies nationwide in 2012. At the top of the list is Florida, with the rate […]
February 2013 Home Prices Up Again
Here is the latest information from the Wilcox report about the current real estate market in Phoenix and Scottsdale: February 2013 Existing Single-Family Sales Price Up, Again The February 2013 median sales price in Greater Phoenix for existing single-family homes was up three percent over January 2013, and up to thirty-two percent over February 2012. […]
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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.
