Rising home prices are an important indicator that the housing market is recovering. Since July, the U.S. has seen home prices rise, mortgage and foreclosure rates fall and increased optimism and confidence in homeowners, home buyers, and home builders. Home prices nationwide rose 1.2 percent in July over the same time period last year. Reports […]
Scottsdale and Phoenix Leads The U.S. In July Home Price Increase
According to the Standard & Poor’s Case Shiller index, home prices across the nation were up 1.2 percent in July. This study is based on half of the homes in the U.S. It measures home prices compared with those in January 2000 and creates a three-month moving average. The rise in July is the second […]
The Phoenix Real Estate Market is UP! But Up is a Relative Term
Yes, the media has gone gaga, and not just locally, but also nationally about how much the Metro Phoenix (including Scottsdale) market is up year over year. Up is a relative term though. Yes, it’s up 25% roughly at the median and mean price points, but it was also down around 60% so now that […]
Percentage of “Regular” Sales Increase as Foreclosures Decrease
Normal resales of homes, that are not short sales or foreclosures, currently represent 57% of the market. That is the highest percentage for “Normal Sales” in five years! Foreclosures were dominating the Scottsdale real estate market for many years during the crash. That has completely changed. The number of foreclosures on the market has plummeted […]
Number of Scottsdale Homes for Sale Way Down
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 […]
Harp 2.0 Home Refinace Program has started in Arizona
The long-awaited federal refinance program called Harp 2.0 finally started on Monday. It will, in theory, allow many people to refinance mortgages and lower payments in spite of owing far more than their homes. Some lenders began taking applications last November. But the federal government had to work out some issues with the program and […]
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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.
