Tag Archives: low home prices

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 […]

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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 […]

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Not another Bubble, Trulia confirms

Many homeowners & buyers are worried that the present price increases & housing recovery is leading towards another bubble experienced back in the 2005/2006 fiasco.  Trulia has done some research comparing various price indexes to per-capita income & rent data obtained by the government & concluded that home prices are still 7% undervalued nationally, coming […]

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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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US Home Prices Have Highest Increase in 7 Years

The National Association of Realtors announced a 9.3% gain in US home prices in February of this year as compared with a year ago, driven by increased number of buyers and a decreasing inventory of available homes to purchase.  Increasing employment & near-record low mortgage rates are keeping demand for home buying high, helping sustain […]

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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 […]

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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 […]

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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 […]

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Are Our Rising Home Prices Sustainable?

http://www.dsnews.com/articles/survey-71-of-bankers-say-price-increases-are-sustainable-2013-04-09 It’s great to see home prices rising in Phoenix & surrounding communities, but many homeowners (and buyers) are questioning whether this is sustainable or if we’re looking at something temporary.  Area lenders seem to be more optimistic regarding our housing recovery with 71% agreeing that our consumer health is improving.  This should help buyers […]

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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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