Hot Real Estate News

Phoenix Housing Tracker December 2011

December 17, 2011

I wanted to share some information that can help people who are either looking to buy foreclosed or pre-foreclosure homes in Phoenix or people who want to sell their house quickly even though they have no equity in the Phoenix area. I’ll share some market statistics for the recently completed month of November that will [...]

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Something Stinks in this Bank Home Foreclosure in Phoenix Arizona

December 13, 2011

As of December 2011 there are 19,000 homes for sale on the Phoenix real estate market (see: Phoenix real estate listings by month). About 2,300 are bank home foreclosures, otherwise known as REO’s (real estate owned). Many REO properties need some work and that is expected. Others need lots of work and cause potential buyers [...]

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ADOH $4500 Short Sale Assistance Program

November 5, 2011

This article covers a foreclosure prevention program announced by the Arizona Department of Housing in late summer of 2011. Find out if you can qualify for the program and take advantage of this financial assistance. SHORT SALE ASSISTANCE OVERVIEW SHORT SALE ASSISTANCE BENEFITS WHO’S ELIGIBLE INCOME CHART SHORT SALE ASSISTANCE PROCESS SHORT SALE ASSISTANCE OVERVIEW [...]

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Record Home Sales Phoenix Real Estate Market: June 2011

July 10, 2011

The Phoenix real estate market set a new record in June 2011 with over 10,800 residential home sales. The previous record for home sales, which stood for six years, was set in June 2005 with 10,216 recorded residential housing sales. This is great news for home sellers, but not so good news for home buyers [...]

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Phoenix-Scottsdale AZ real estate listings down for 9th month

July 5, 2011

Have you been watching the metropolitan Phoenix – Scottsdale AZ real estate listings (Search Phoenix Real Estate) in the Arizona regional MLS? If you’re in a position of either ‘giving or looking for’ real estate financial advice for Phoenix Arizona you will be interested to know home listings have declined 17,781  over the last nine [...]

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Phoenix Real Estate Prices on the Rise in May 2011

June 15, 2011

When the number of homes on the market falls dramatically and the demand for housing increases substantially you can usually expect prices to rise. That’s what has been happening in our local housing market, as reported in our Phoenix housing tracker. Prices in the “Overall,” “Normal,” and “Foreclosure” segments have all been on a 3-month [...]

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4th highest sales month reported by our Phoenix Housing tracker

June 9, 2011

Our Phoenix housing tracker reports the 4th highest residential home sales month in the history of our local real estate market. There were 9,913 home sale recorded in the Arizona Regional MLS for the month of May 2011. May 2011 replaced April 2011 as the 4th highest sales month in our history. The highest number [...]

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Phoenix housing tracker reports Arizona Regional MLS listings hit 5+ year low

June 2, 2011

Our Phoenix housing tracker reports that the number of homes for sale has dropped to 23,621 real estate listings, a level not seen since 2006. Home listings have been on an 8 month decrease. The 39,309 listings that were on the market last October 2010 has dwindled to 23,621 to begin June 2011 — an [...]

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4th Highest Sales Volume in Phoenix Real Estate Market: April 2011

May 7, 2011

Home sales in the Phoenix real estate market made the news again. Our housing tracker reports that sales of  Arizona MLS home listings reached 9,492 in April 2011. This is the fourth highest home sales month in the history of our MLS. The article in our Phoenix housing tracker from last month reported that March [...]

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Cash is King or the Norm in Phoenix Arizona Investment Real Estate?

May 7, 2011

The bar for investment real estate in Phoenix Arizona has been raised. Our housing tracker reports that cash buyer’s in 2011 have quadrupled from historical trends, as noted in information obtained from the Cromford Reports. Investors who bought property for cash almost always had advantage over home buyers who were obtaining mortgage financing. Historically, less [...]

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