Well it's that time of year for me to update everyone with how we did in Sunny Arizona from the mortgage market side, in terms of what loans were written, wether demand is up or down for what products, and most importantly for our agent partners where all the action is by price point or loan amount. So let me know if you have questions and I hopethis helps you with your marketing, feel free to share:
FHA loans contracted by 9% to end the year at 32% of the market
VA loans stayed the same at 6% of the market.
The amount of the market involving loans in the FHA price point of $358,000 or less dropped from 92% to 87%
The % of the market attempting to stay below the Jumbo loan amount of $417,000 grew from 3% to 6% of the market.
With Jumbo loans rising from a 5% market share to a 7% market share.
So 93% of all the market sold in Maricopa county was done under $458,000 purchase price!
And finally as a % of all sales cash came in at 38% of the transactions at the years end showing a decline from the beginning of the year at 43% of all transactions to drop off 12%
To view these stats in a graohical flow chart format click my statistics link for awesomerates and feel free to play around, emial me with questions and as always thanks so much for stopping by, reading, commenting and sharing my blog: The Market is BACK in Arizona - And I can prove what happened in 2012!
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