Foreclosures with California & Nevada in the dubious lead! - 04/25/07 12:07 PM
Sadly this will keep our resale market in the tank for the rest of 07!
We in Arizona will also suffer the pain!!
Nevada, California Lead Surge in ForeclosuresMore than 430,000 U.S. foreclosure filings were reported in the first three months of 2007, an increase of 35 percent from the previous quarter, according to data released Wednesday by RealtyTrac, which runs an online database of foreclosure properties. Foreclosure filings include default notices, auction sale notices, and bank repossessions. RealtyTrac says there was one filing for every 264 households, marking the highest quarterly rate since the company began issuing reports 27 months ago. "The … (1 comments)

Zillow & Arizona duel over Zestimates - 04/20/07 10:24 AM
The Arizona Board of Appraisal is ordering Zillow not to provide Zestimates on the value of homes in Arizona on the grounds that it isn't a licensed appraiser in the state. If Arizona gets its way -- other States could follow suit and this would be a big problem for Zillow.
Zillow says its computer generated Zestimates are not formal appraisals and therefore don't require a license.
The stakes for Seattle based Zillow are high because there are 25 other States whose laws on appraiser licensing resemble Arizona.
The next time you get a Zestimate pushed at you - merely say, oh Zillow is … (5 comments)

 
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Michael Dougherty Doris Prenninger

Prescott, AZ

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HomeSmart Fine Homes and Land

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