Check out the newest graph published by the Arizona Regional MLS board. This graph makes it blatantly obvious how few homes are on the market this year compared to the last two years. During the first quarter of 2010 there were 37,530 homes for sale. During the same quarter of 2011 there were 32,657 homes […]
Scottsdale Foreclosures Drying Up Quickly
There are fewer and fewer foreclosures in Scottsdale these days. Some people just don’t believe it because of the hype in the media about looming foreclosures. Well, statistics don’t lie. It is a simple fact that there are drastically less Scottsdale and Phoenix foreclosures now than there has been any time in the past 5 […]
Scottsdale and Phoenix Foreclosure Trends
The Cromford Report has just released its monthly statistics for Scottsdale and Phoenix foreclosures. This is some of the most accurate data on the state of our current market. In March 2012 there were 1982 foreclosures. This is down by 123 from February. This is also down significantly from the all time high in March […]
Scottsdale Mortgage Rates Fall Again
Mortgage interest rates have just hit another new low. Mortgage rates declined for the third consecutive week. The 30-year fixed averaged just above its record low while the 15-year fixed averaged a new all-time record low of 3.11% surpassing its previous low of 3.13% in March 2012. 30 year fixed rate mortgages averaged 3.88% with […]
Scottsdale Real Estate Market Changing Quickly
I recently had the pleasure to attend a presentation of current market statistics by Michael Orr. He is a local authority on Scottsdale home trends. He is the founder & publisher of the Cromford Report and Director of the Center for Real Estate Theory & Practice at Arizona State University W.P. Carey School of Business. His […]
Cash Investors are Snapping Up Scottsdale Homes
Home sales are up across Scottsdale. This is blatantly obvious in the more affordable Scottsdale neighborhoods. Many families looking for affordable places to live in Scottsdale are getting squeezed out as more and more investors move in. Investors are taking advantage of the market and paying cash. Regular buyers who need a mortgage are losing […]
Valley Housing Market Improving
The Phoenix and Scottsdale housing market improved by almost every measure in February, with an increase in values, an uptick in homes sold and a drop in the number of foreclosures. The Arizona Regional Multiple Listing Service reports that 7,249 homes sold in February, up 1.3 percent from a year ago. “Sales above 7,000 units […]
Buyers Sitting on the Fence are Missing Out
For the past several weeks, I have been sharing statistical information with you showing how the Scottsdale real estate market is changing. This Sunday, the Arizona Republic echoed the sentiment. Sunday’s story recounted the fact that the market has shifted. This perfect storm of shrinking inventory, increasing sales, pent up demand, and shrinking levels of foreclosures, leaves […]
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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.
