Tag Archives: low inventory

Housing Experienced a Supply and Demand Conflict in May

The housing market experience experienced a “conflict” between supply and demand in May as increased home values resulted in sales, which subsequently increased supply – but at the same time, lack of affordability and economic uncertainty reduced demand, according to First American Chief Economist Mark Fleming. The market capacity for existing-home sales increased by 0.3 […]

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Pending Home Sales Rise to Highest Level in Nine Years

The National Association of Realtors (NAR) recently reported in their Pending Home Sales Index (PHSI) that, pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. All four major regions saw growth in April, led by the Northeast and Midwest. “The steady gains in contract activity […]

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3 reasons right now is the best time to buy a home.

  The advantage is on the buyer side!!! There has never been a better time to buy a home this year.  And yet despite three major advantages for homebuyers, sales so far have been slow. Buying is cheaper than renting in most markets. And with mortgage activity down, originators, one would think, would be bending […]

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August Existing Home Sales at Pre Recession High

http://www.dsnews.com/articles/august-existing-home-sales-at-pre-recession-high-2013-09-19 According to the National Association of Realtors, existing home sales rose an unexpected 6.5% in August to an annual sales rate of 5.48 million, the highest level since Feb 2007, even though economists expected a drop from July’s sales pace. The inventory of homes has edged up with fewer sellers remaining “underwater” and wanting […]

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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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Now is the Time to Buy a House….in Fact, Buy TWO!!!

http://buzz.money.cnn.com/2013/07/17/john-paulsons-housing/?iid=HP_LN John Paulson, owner of the hedge fund Paulson & Co, has made millions betting against subprime mortgages.  Now he’s saying that buying a home is one of the best investments one can make.  He believes we are still very close to the bottom of the housing market and that the recovery will continue for […]

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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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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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Shadow Inventory? Not from Foreclosure Holdbacks!!!

http://www.dsnews.com/articles/foreclosure-filings-reach-six-and-a-half-year-low-2013-07-10 The most recent report from Realty Trac shows filings of foreclosures hitting a 6 1/2 year low in June, dipping 14% from May and down $35% from a year ago, dropping to a low not seen since December of 2006.  The year to date foreclosure filings are down 23% from the same time period […]

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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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