Tag Archives: dearth

Distressed Sales Share Falls to Lowest Level in Eight Years

Distressed sales (short sales and REO properties property sales) accounted for just 12.7 percent of residential real estate transactions nationwide in 2014, the lowest share since 2007, according to Black Knight’s February 2015 Mortgage Monitor released today. The share of distressed sales for 2014 was down from 17 percent reported for 2013, according to Black […]

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Is the Phoenix Housing Finally Back to Normal?

According to Arizona State University, the Metro Phoenix Housing Market finally has the appearance of being more “normal”, with rising home prices, waning investor involvement & dwindling foreclosures & distressed properties across the Valley. After many months of chronic shortage of available inventory, it is even looking like a more balanced market as well, with […]

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Distressed properties are on the decline in Phoenix | HousingWire

Distressed properties are on the decline in Phoenix | HousingWire. Though there are still advertisements saying thousands of lender-owned properties are going to flood the market, that is definitely not the case for the Greater Phoenix market. Sure, there was a flood of cheap properties at one point in time, but that time has passed.Lenders […]

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The Future’s So Bright You Gotta Wear Shades

http://www.dsnews.com/articles/nar-speculates-on-future-of-housing-at-expo-2013-05-17 The National Association of Realtors, at their annual Midyear Meeting in Washington DC this week, said they expect existing home sales to increase to nearly 5 million this year and then grow to an annual rate of 5.3 million in 2014 & 5.7 million in 2015.  Dramatic price increases are also expected to continue […]

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Phoenix Area Home Prices Continue to Surge

  The Arizona Republic reported yesterday that our low supply of homes is allowing local prices to surge.  This is not a surprise to area Realtors who have seen home prices gaining steadily over the past months, in some parts of the valley growing over 30% to $175,000 from last year at the same time. […]

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Phoenix Home Sales Median Price Continues to Increase

http://www.azcentral.com/business/articles/20130503phoenix-home-sales-median-price.html Metro Phoenix median home sales price rose to $175,000 in March, a 3% increase from February marking a 30% increase over the last year.  Prices are expected to continue to increase, at least until June which is our traditional peak buying season in the Valley.  However, prices still haven’t increased enough for many homeowners […]

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Arizona among top states in home-price gains in Feb

With US home prices jumping up by the larges amount in over 7 years, Arizona boasts to be one of the nation’s top “gainers”.  CoreLogic, a Real Estate data provider, stated that most of the larges gains were in the West where Nevada was #1, Arizona #2 & California #3.  Hawaii & Idaho rounded out […]

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Renters: Is it NOW time to BUY?

The combination of incredibly low mortgage rates, rising rental rates, and very low inventory levels, those who have previously been renting their homes realize now is a good time to purchase.  The problem many are finding, however, is that there is stiff competition for the lower price point homes and many are put in the […]

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Homeowners Starting to Take Action

Homeowners who have previously been “upside down” or close to breaking even are now “springing” into action and starting to list their homes for sale.  In a market where we have seen a downturn in Foreclosures & Distressed Sales and a dearth of traditional sales….this is welcome news for Buyers who haven’t had much inventory […]

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