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arizona market trends: Arizona, Valley Home Sales Reports are at Odds - 05/26/08 10:02 AM
There has been a lot of confusion between ASU's April monthly sales report and one released by ARMLS on Monday according to a recent Arizona Republic article.  The report, compiled each month on home-resale transactions in Maricopa County, reported that home resales were up 15 percent compared with the same month in 2007, the first year-over-year increase since July 2005.
That conflicts with a report released by the Arizona Regional Multiple Listing Service indicating a 12 percent decrease in home sales in the same period. The reason is ASU's report does not differentiate between "trustee sales," in which banks take over properties … (0 comments)

arizona market trends: Economists Forsee Credit Crisis Nearing End - 05/26/08 09:32 AM
A recent article from CNNMoney.com, reports that according to the National Association for Business Economics, the worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The economy will weaken further and unemployment will rise. A growing number of economists believe the country is on the brink of a recession or in one already, dragged down by all the problems in housing, credit and financial markets. Now 56% of the economists think the economy has started or will enter a recession this year. That's up from 45% in a survey in … (7 comments)

arizona market trends: Arizona 4th in U.S. in Home Foreclosures - 04/22/08 10:54 AM
A recent article from the Business Journal of Phoenix reports that Arizona ranks fourth among all states in the rate of home foreclosures, according to new research from Realty Trac. Nearly 9,200 homes in Arizona were touched by foreclosure proceedings in March, an average of one in every 283 households. That's more than double the rate from March of 2007. Nationwide, rates are up 57 percent from March of last year. In all, nearly 235,000 homes were hit with foreclosure filings last month, which include default notices, auction sale notices and bank repossessions. Of those, 51,393 homes were lost to foreclosure - … (2 comments)

 

Joyce "Joy" Mahaney Brewster

Glendale, AZ

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High Profile Realty

Address: 18185 N. 83rd Avenue, Su. D202, Glendale, AZ, 85308

Office Phone: (623) 486-9050

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Northwest Arizona Real Estate Blog, presented by Joyce Mahaney Brewster of High Profile Realty. Check back often for info on current market trends and analysis and general thoughts on the state of real estate in Maricopa County as well as local news and events. Free multiple listings search with no registration at http://www.joycemahaneybrewster.com.


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