Scottsdale home prices have fallen so drastically and mortgage rates are so low that the monthly cost of owning a home in Scottsdale is now more affordable than ever. Did you think you would never be able to buy in this prestigious city? Think again! It is actually cheaper to buy a home than it […]
Update on Foreclosure Data
Here is a summary of the most recent data on foreclosures in Scottsdale and Phoenix. This information is from the Cromford Report, which is a highly respected real estate analysis. Everything is looking better and better for the local real estate market each month! As we close up 2011, I think we can look forward […]
Scottsdale Real Estate Update – November 2011
Here is my monthly update on the market for Phoenix and Scottsdale real estate: 1. Active Notices of default for residential properties as of the end of October 2011 were 21,903 units. That is down from last month of 22,301. This is the 11th month in a row that we have seen decreases in the […]
Phoenix Real Estate Conference Highlights
The Crystal Ball Conference was held last week in Scottsdale. It includes prominent speakers from the Arizona real estate industry including over 500 Realtors, Brokers, Mortgage Brokers, and Economists. Michael Orr of the Cromford Reports was the featured speaker this year. Highlights of the Conference: · Data showing that REO (foreclosure) market is slowing down […]
Update on Scottsdale Foreclosures
New data has just been released regarding Phoenix and Scottsdale foreclosures: 1. Active Notices of default for residential properties as of the end of September ’11 were 22,301 units. Down from last month of 22,733. This is the 10th month in a row that we have seen decreases in the number of Active Notices. Down […]
Scottsdale and Phoenix Foreclosure Rate Drops
I have written many blog posts about the number of foreclosures in Scottsdale and Phoenix dropping. There are fewer Scottsdale foreclosures for sale than there were last year. Foreclosures in Scottsdale will routinely have multiple bids and ultimately sell for slightly higher than list price. New data from CoreLogic provides further evidence of support. Phoenix […]
Help for Home Owners Facing Foreclosure
Help for homeowners, agency expands the use of funds by Catherine Reagor – Sept. 30, 2011 12:00 AM The Arizona Republic Federal funding to help prevent foreclosures in Arizona is being expanded to more people because the effort has failed too many homeowners, according to the state agency charged with overseeing the program. Of the […]
Phoenix Foreclosure Notices for September 2011
The following is information about the Phoenix Foreclosures notices for September 2011 1. Active Notices of default for residential properties as of the end of August 2011 were 22,733 units. Down from last month of 23,302. This is the 9th month in a row that we have seen decreases in the number of Active Notices. […]