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Do you want to buy now , but don’t want to wait until next year for the $8,000 tax credit? There has been a special election to allow first time homebuyers purchasing after 12/31/2008 through 7/1/2009 to allow them to treat the purchase as though...
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Maricopa was raised to $346,250. Pima County was raised from $271,050 back up to $316,250. Feel free to follow the link to HUD's website for all other counties in AZ. https://entp.hud.gov/idapp/html/hicost1.cfm This is welcomed news if you are looking...
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In the current home sale market, it might seem ludicrous to make an offer on a listing if it means competing with another buyer. However, multiple offers are on the rise in some markets( especially the Phoenix Metro Foreclosure Market). But, it doesn't...
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Lender Owned Properties (REO) Of the single family detached resale home sales reported through ARMLS (Arizona Regional Multiple Listing Service) for the month of January 2009, 68% of the listings were noted as "Lender Owned," up 21% from 47%...
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Many foreclosed homes are bought by investors who can pay cash, market watchers say. That means fewer homes are going to buyers who plan to live there and hang onto the house for a while. Owner-occupied homes ultimately help an area's recovery. The...
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Ranked in the TOP 1% of Real Estate Web Sites* 50%+ of All Phoenix Home Sales Are Bank Owned! |
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* Based on statistical data from Point2 Agent's 200,000+ Web sites worldwide for unique visits and new prospects.
 Foreclosures There are still more than 45000 pending foreclosures up from 2300 in June 2006 – yet in June 2009 only 5150 Lender owned homes were on the Phoenix Multiple Listing Service, compared to 5475 in May. Why are so few of the 45000 foreclosures not on the market? There is a wide spread belief among Real Estate Professionals that banks are limiting the flow of foreclosures on the market. So if the custom home search I have been sending you shows a limited number of lender owned homes – this is why. Foreclosures have not dropped off in Phoenix. In June 2009 there were 5149 foreclosures in Phoenix- compared to 3809 in May 2009. The supply of 5150 seems high, but the demand is even higher due to low interest rates and homes prices down 50% from 2005-2006 highs. If a lender owned home is in good condition, it will have 2-5 offers on it within 3 days on the market. Buying Strategy: If you see a lender owned home – new on the market- that you like, call or email me the same day. We will discuss how to put an offer on it – that will get you results. Also remember, the highest offer does not necessarily get accepted by the bank- terms and ability to close often affect the outcome. 
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The Latest Phoenix Metro Market Information
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Do you want to buy now , but don’t want to wait until next year for the $8,000 tax credit? There has been a special election to allow first time homebuyers purchasing after 12/31/2008 through 7/1/2009 to allow them to treat the purchase as though...
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Maricopa was raised to $346,250. Pima County was raised from $271,050 back up to $316,250. Feel free to follow the link to HUD's website for all other counties in AZ. https://entp.hud.gov/idapp/html/hicost1.cfm This is welcomed news if you are looking...
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In the current home sale market, it might seem ludicrous to make an offer on a listing if it means competing with another buyer. However, multiple offers are on the rise in some markets( especially the Phoenix Metro Foreclosure Market). But, it doesn't...
|
-
|
Lender Owned Properties (REO) Of the single family detached resale home sales reported through ARMLS (Arizona Regional Multiple Listing Service) for the month of January 2009, 68% of the listings were noted as "Lender Owned," up 21% from 47%...
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Many foreclosed homes are bought by investors who can pay cash, market watchers say. That means fewer homes are going to buyers who plan to live there and hang onto the house for a while. Owner-occupied homes ultimately help an area's recovery. The...
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Information on the Phoenix Home and Real Estate Market...
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Bush administration officials on Friday said they had made a major change to existing U.S. Department of Housing and Urban Development regulations for mortgages endorsed by the Federal Housing Administration, lifting a key anti-flipping provision that...
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Affordability lures first-time buyers, investors The real-estate slump has an upside for first-time home buyers looking to spend $200,000 or less. As median-home prices continue dropping, the supply of homes for sale in the much-coveted low-end market...
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With the increase in foreclosures lately you may have heard the term “short sale” and wondered what it was. A short sale is when the lender will accept less than the full amount due on a mortgage when a property is sold. Usually, the lender...
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During the housing boom, investors flocked to metro Phoenix and climbed onto buses that took them to the Valley's fringes, where they checked out affordable new homes they could buy low and sell high. Now, the bus tours to those edge suburbs are starting...
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Click Here To Search Homes in the Phoenix Metro Area: www.AzRealtyPros.com The number of Valley homeowners losing their homes to foreclosure has shot up 566 percent so far this year, a result of the housing market's slowdown and rising interest rates...
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