According to a number of sources including DSNews, Fannie Mae has put a block of 2,490 REOs up for sale. It’s the first pilot transaction of the federal government’s Real-Estate Owned (REO) Initiative announced in August 2011, which aims to sell homes repossessed by government agencies to private
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02/27/2012
Just as I posted the previous blog, I received this article from DSNews. It underscores the confusion about where the housing market is heading by citing a number of factors that need to be considered before making any assertions that the market has truly "turned the corner" or not. Very interest
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02/22/2012
Time magazine reports that there are a number of indicators that point towards a housing recovery in spite of the fact that many experts warn that we have not yet hit bottom. The indicators they mention seem to make some sense but I am still concerned about the number of foreclosures yet to be re
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02/22/2012
The downward spiral of homes for sale in Maricopa Arizona continues as inventory of available homes is now at 181!! At some point very soon I would expect this number to “bottom out” but the impact from seasonal buyers may keep this from happening in the near future. Single level homes are partic
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02/21/2012
In this article brought to you by DSNews, Interthinx released fourth quarter numbers that show Arizona passing Nevada as the riskiest state. Phoenix AZ was also mnetioned as one of the top three cities withproperty valuation fraud. Property valuation fraud occurs when a property’s value is manipu
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02/19/2012
For those of you who have been believing all the media hype regarding a "housing market rebound", you may want to read the attached article, brought to you by DSNews. In spite of prices rebounding a bit and inventory being at an all time low in my community of Maricopa Arizona, there are still a
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02/15/2012
The downward spiral in active Maricopa Arizona subdivision homes for sale continues and is now threatening to fall below 200 homes. Quite a drop considering there were over 650 homes available at this time last year. A staedy flow of seasonal buyers coupled with the continued slow release of fore
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02/14/2012
This ongoing saga may FINALLY be coming to an end as the deadline for a settlement was extended until next Monday. 40 states have already signed on for a settlement that reportedly will have the lenders paying around $25 billion. Most of this money will go towards principal reductions. It remians
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02/07/2012
This artcile posted by DSNews cites a survey that claims that the vast majority of real estate professionals (I'm purposely not using the word Realtors) have either lost money or have seen their revenues decline signifigantly since 2008. Without a doubt, the economy and housing market crisis have
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02/03/2012
