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foreclosures: May Tempe Real Estate Market Update - 05/12/09 02:52 PM
Home sales continue to climb as more and more foreclosures are snatched up by investors. Foreclosure inventory in the last month has dropped from 10,200 to 6,700 – pending home sales are at 8,183, and 5,508 homes were sold in the last 30 days. Investors are buying foreclosures at a faster rate than they are hitting the market.
 
The percentage of foreclosed homes in Tempe is lower than the rest of the valley (8 percent versus 35 percent), which means Tempe’s absorption rate continues to hover at a 10 or 11 month absorption rate. The absorption rate is the ratio … (0 comments)

foreclosures: Market Recovery: Are You Ready? - 02/14/08 01:17 PM
Market Recovery:  Are You Ready?
After months of doom and gloom, industry-wide panic, and talk of recession, we sure could go for some good news!  In one of my recent blogs, I suggested that the market may have bottomed out in October.  Housing inventory has not increased since then, and at the end of January, although closed sales were at a 5-year low (partially attributable to the usual holiday slump), the pending contracts to close in February had jumped by 25%.
 
What do these numbers indicate?  They further suggest that we are currently at the bottom of a very shallow trough, … (3 comments)

foreclosures: Arizona Housing Market Outlook... Not So Dour? - 12/10/07 01:31 PM
There is a silver lining to the "dour" Arizona housing market and economic outlook reported yesterday by the AZ Republic.
I have to put my two cents' worth into the discussion on the Housing Market after a misleading headline appeared on the front page of the AZ Republic 12/6/07.
The headline reads: "Housing market hit harder than analysts predicted".
Last week I attended a seminar given by one of the economists quoted -- Elliot Pollack. I'm sure he wasn't thrilled that his 120-screen powerpoint presentation was boiled down to the following quote: "There is no quick fix.  We have a long way … (3 comments)

 

Patrick Walsh, Realtor, CNE, Green - Tempe Arizona Real Estate

Tempe, AZ

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Keller Williams Arizona Realty

Address: 3920 S Rural Rd Ste 100, Tempe, AZ, 85282

Office Phone: (480) 768-9333

Cell Phone: (602) 369-3224

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