homes for sale: Housing Recovery Finally Here? - 02/22/12 09:39 PM
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 released by the lenders as well as the high number of homeowners that are 30,60,90 days delinquent.
It is a very confusing housing market and I can only report first hand on what I see in my community of Maricopa Arizona. We now have only 173 homes … (1 comments)

homes for sale: Maricopa Arizona Homes for Sale Market Update 22FEB12 - 02/21/12 08:33 PM
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 particularly scarce and, as of this morning, there are only 12 homes, not including short sales, that are priced below $90,000 in all of Maricopa!!
If you are a buyer and are waiting to see if prices will return to last year’s values, you may be in for a … (1 comments)

homes for sale: Mortgage Rates Match an All-Time Low - 01/06/12 01:44 AM
Great news for buyers of homes for sale in Maricopa Arizona and elsewhere!
In spite of all the media hype and doomsayers predicting higher mortgage rates on the way, the 30-year fixed mortgage averaged 3.91 percent (0.8 point) for the week ending January 5, 2012. That’s down from 3.95 percent the previous week and matches the record low set just two weeks earlier.
Obviously rates cannot drop much further and yes, eventually they will go up. My motto: "If you are looking for a home and find something you like, BUY IT!".
Read the full article here http://bit.ly/y814EN
 
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homes for sale: Maricopa Arizona Homes for Sale - Market Update 5JAN - 01/05/12 12:46 AM
Happy New Year everyone! The homes for sale market in Maricopa Arizona promises to be a "wild ride"! Inventory continues to edge downward though not at the pace that I expect to happen very soon. I have lived in Maricopa AZ for over nine years and every year come 2JAN it is like "flipping a switch" as seasonal buyers begin to pour into our small community. We already have numerous appointments booked for the first couple of weeks of JAN and expect a lot more to be on the books this week.
This year, unfortunately, the inventory is about 1/4 of … (0 comments)

homes for sale: Maricopa Arizona Homes for Sale - Market Update 22DEC - 12/22/11 12:57 AM
Inventory declined slightly this past week and remains at an all time low. Most of the other numbers stayed within the range of prior weeks although an increase in the number of Pending sales increased to levels not seen since early OCT. This is most likely due to seasonal buyers and I expect this number to continue it's upward movement for the next few months. It is still very difficult to find homes for buyers and most that are available would appear to have some appraisal issues. It's a matter of lack of supply and increased demand and will affect a … (1 comments)

homes for sale: Delinquent Loans on the Rise in Maricopa Arizona - 12/20/11 01:22 AM
Here is an interesting article recently posted by DSNews.com. As I have mentioned previuosly, the homes for sale market in Maricopa Arizona hinges on distressed properties. At last count, there were over 300 homeowners that are delinquent on their mortage payments. Most, I'm sure, will decide to short sell or let their home go to foreclosure. Given the fact that the inventory of Maricopa AZ homes is at an all time low, what these homeowners decide to do (and when) will determine a lot going forward.
Although there are options available, including the roll out of the Fannie and Freddie refi program, I have found that most homeowners … (0 comments)

homes for sale: California and Nevada Attorney Generals Join Forces in Mortgage Investigation - 12/07/11 12:50 AM
This article from DS News outlines how the states of CA and NEV have formed an alliance to streamline their processes in their attempt to litigate with major lenders over the "robo singing" fiasco. Apparently the investigation has stalled as negotiations with servicers has brokeb down and taken over a year so far with no resolution in sight.
This is just an example of the forces at work that are keeping many foreclosures from reacning the homes for sale in Maricopa Arizona market and has led to an increase in "shadow inventory" in this community and most likley nationwide. Anyone who … (0 comments)

homes for sale: Maricopa Arizona Homes For Sale Weekly Market Report 28NOV11 - 12/05/11 01:16 AM
Inventory of subdivision homes for sale in Maricopa Arizona slid approximately 5% from last weeks number. This is mostly due to dseasonal buying activity although we are also seeing a number of Maricopa AZ homeowners taking advantage of the low prices and upsizing. It's interesting to note that most of the numbers on the spreadsheet did not change much which tells me that there is a lot of activity in the investor home market (which are difficult to seperate out due to the various ways that agents list these homes). We are also seeing an increased amount of traditional sales.
 
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homes for sale: Are REO (Foreclosure) Buyers Getting Harder to Find? - 12/05/11 01:16 AM
Not in the Maricopa Arizona homes for sale market.
This article, published in DSNews.com, claims that after a three year study the number of owner occupant buyers for REO (which is an acronym for foreclosed homes) had decreased signifigantly. At least in Maricopa AZ, this number could be deceiving as a lrge percentage of our buyers are seasonal buyers. Although they would not be classified as "owner occupants", most of them do in fact occupy the homes during the winter with plans to move here permenantlyin the future.
The biggest problem in the homes for sale market in Maricopa Arizona is … (0 comments)

 
Bill "Waz" Wasowicz (Wizards of Waz Real Estate)

Bill "Waz" Wasowicz

Maricopa, AZ

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Wizards of Waz Real Estate

Address: 21621 N. Backus Drive, Maricopa, AZ, 85138

Office: (520) 840-0185

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We live, work, play and know the Maricopa area. We specialize in Short Sales and Foreclosures and love to help any buyer find the right investment or any seller conduct their sale properly and in the right time. Contact us anytime for updates in listings and the latest in short sales and foreclosures in Maricopa AZ homes.


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