Housing News from The Wizard of Waz

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Real Estate Sales Representative - Wizards of Waz Real Estate
maricopa, maricopa arizona, homes, real estate, foreclosures, short sales, homes for sale, investor, investment homes, rentals, information, chamber of commerce, pinal, 85138, 85139, 85238, 85239, new homes, province, cobblestone, rancho, golf, pool homes, single level, cheap

ARCHIVED BLOG POSTS

2011 

What the headline doesn't tell you is that the Senate is unlikely to pass this bill and it will be vetoed by Obama regardless. Instead of wasting all this time on a bill that will go nowhere I wish they would just sit down and fix this thing. The Obama administartion is in denial and still feel t...
03/30/2011
Inventory of homes for sale in Maricopa AZ continues to decline. Single level homes in particular are becoming scarce. Heavy seasonal buying activity continues and is expected to last for at least another month. You can read more about the Maricopa Arizona housing market in my weekly market updat...
03/29/2011
Bank of America announced that they will begin a pilot program that will allow some California homeowners to receive a principal writedown on their mortgages. The funds, totaling almost $700,000 were received from the Treasury's Hardest Hit Fund lasy year. They also mention that they have solicit...
03/29/2011
This article mentions that a number of State attorney generals that are continuing to put pressure on lenders to reduce the principle on "underwater" loans. In the articlke, the lenders cite moral reasons and state that "the costs could be enormous if widespread principal reductions are triggered...
03/28/2011
I've attached an interesting article that questions that data that is used by the National Association of Realtors (NAR) to track the housing market. The Mortgage Bankers Association claims that the way that NAR accumulates their data may, in fact, not offer a true picture of the state of the hou...
03/26/2011
Standard and Poors estimates that this is the principle balance of residential properties in foreclosure but not yet on the market. They categorize the shadow inventory as containing loans at least 90-days delinquent or somewhere in the foreclosure process, and properties taken into REO. At the c...
03/25/2011
My weekly report has been updated and the trends of the past few months continue. The inventory of available subdivision homes in Maricopa AZ continues to decrease. This is mainly driven by strong seasonal buying activity and the continued reluctance of lenders to release their shadow inventory o...
03/22/2011
The Nevada State Assembly introduced a bill that would allow authorities to charge a borrower with a felony if they willfully damage a home during the foreclosure process. This is the first state that I know of that has taken such a stance. I'm sure that you all have had the experience of listing...
03/22/2011
This article details the results of data released by the National Association of Realtors. Not only does it confirm what many of us already know but Standard and Poor's states that it could take over three years to clear this inventory. Florida leads the way with over 441,000 with California a di...
03/21/2011
Inventory continued to decline amid intense buying from seasonal visitors (snowbirds). Coupled with the fact that lenders are still holding back on the release of their foreclosure inventory, single level homes in the more desirable subdivisions are becoming scarce. Because of this, offers are ra...
03/17/2011
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Bill "Waz" Wasowicz

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