Tag Archives: heathly market
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 […]
Still a Seller’s Market? Not for Long!!!!
According to Michael Orr of Arizona State University WP Carey School of Business, at an ARMLS “Engage” Conference held yesterday in Phoenix, we will reach a balanced market in exactly 9 days. By balanced market he means neither a Buyer’s nor Seller’s market. As a statistician who tracks daily sails trends, he has noted the […]
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 […]
Mortgage Rates, Low Inventory Greatest Obstacles for Homebuyers
According to Redfin, 53% of home buyers say that rising mortgage rates are one of their major concerns with buying a home right now. However, low inventory continues to be the chief concern at a whopping 58%. Buyers still are quoted as saying it is a good time to buy and feel that the nation […]
Buyers Who Can Profit from Today’s Market
There are 4 types of buyers who are the best candidates to profit from today’s market conditions: Move Up Buyers: Buyers selling smaller homes and moving up to a larger, more expensive property can more than recover any losses they get from selling with the savings they’ll proportionally receive when they buy a more expensive […]
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 […]
Market Recovery Driven by Investor or Non-Investor Homebuyers????
The Campbell Housing Pulse Tracking Survey shows that the Investors, who have flooded the market in the past year, are not the only Homebuyers showing a strong presence in the non-distressed property market. In March of 2013, at over 36%,non-investors purchased over 3 times the number of non-distressed properties than investors. Another interesting statistic is […]
Optimism Among Homeowners Continues
http://www.dsnews.com/articles/gallup-more-americans-expect-to-see-prices-rise-2013-04-22 A recent Gallop pole confirms that more Americans expect home prices to rise in their areas for the first time since 2007. :ast year only 33% felt that optimism which is a testament to the visible recovery in the housing market in 2013. Residents in the Western states show the most positive outlook where […]
Are we in another “bubble” that might burst?
http://www.dsnews.com/articles/investors-inventory-shortgage-catalysts-to-housing-rebound-report-2013-04-18 Some homeowners & future buyers have been concerned that the low inventory of homes & the onslaught of investors purchasing properties in our market has created another bubble. Protek Valuation Services Home Value Forcast say otherwise, stating that they believe these factors have CONTRIBUTED to our Real Estate recovery rather than creating an artificial […]
Valley Projected Population Growth Helps Housing Market
Population growth is a main driver behind metro Phoenix’s housing market. An optimistic estimate on the number of people who could move to this state in the next decade or two to be close to what the Valley enjoyed before the 2006-2008 “bust” in our housing market & overall economic downfall. A panel discussion on […]