maricopa arizona housing market report: Federal Reserve Says Housing Market Recovery Will Strengthen
- 03/12/13 12:07 AM
During a speech at the Mortgage Bankers Association’s Mid-Winter Housing Finance Conference, Federal Reserve Board Governor Elizabeth A. Duke said that "recent gains in the housing market will continue and perhaps even strengthen." Her comments were based on the Feds feeling that the influx of distressed homes into the marketplace will not outpace the future demand. She went on to sat that "home price increases of 10 percent or less would be enough to bring about 40 percent of underwater homeowners out of negative equity, which could lead to more homeowners listing their properties during a time when available homes for sale has … (0 comments)
maricopa arizona housing market report: Investor-Driven Housing Recovery Poses Danger
- 02/28/13 11:40 PM
This is an excellent article that underscores a few of the points I made in my last post "Distressed Sales Make Up 43% of Home Sales in 2012". In the homes for sale market in Maricopa Arizona, the increase in values is being fueled by just such a thing however it is mostly drive by local investors instead odf Wall Street. The "feeding frenzy" giot so bad in the 3rd and 4th quarters of 2012 that I all but stopped bidding on Trustee Sale homes as agents/investors were pushing the envelope way past my comfort level. Turns out that now many of the … (2 comments)
maricopa arizona housing market report: Distressed Properties Make Up 43% of Sales in 2012
- 02/28/13 11:29 PM
The following article from RealtyTrac reported that 43% of homes sales in 2012 were from dirstressed sales, 22% from foreclosures and 21% from non-foreclosure short sales. This was a 6% decline over 2011. Although this is a signifigant number, it doesn't really tell the whole story, especially in the homes for sale market of Maricopa Arizona Maricopa AZ Housing Market Data. The sales of these distressed properties in Maricopa AZ is probably a bit less than this however the secondary market must also be taken into consideration. A signifigant amount of homes in my community were purchased through Trustee Sales and … (2 comments)
maricopa arizona housing market report: Maricopa Arizona Homes for Sale - Housing Market Report 26FEB
- 02/28/13 10:12 PM
After a brief decline the 2nd and 3rd weeks of January, inventory of active homes for sale in Maricopa Arizona continues to hover just below the 500 mark. Althought he sesonal buyers appear to be back in town (as you can tell by all of the out of state/country licnense plates), there appears to be a reluctance by many to "pull the trigger" on a purchase. The Pending sales information apprears to back this up. This is most likley driven by two factors: the higher inventory and higher prices. Although we usually see another influx of buyers now that Spring Training … (0 comments)
maricopa arizona housing market report: Co-founderRE/MAX Offers Predictions for 2013 Housing Market
- 01/21/13 10:52 PM
David Liniger, co-founder of RE?MAX, recently shared his top ten predictions for the housing market in 2013. Last year, his predictions were 85% accurate. Keep in mind that this is a take on the national picture and that local markets, especially unique ones like the one in my community of Maricopa Arizona, are affected differently so all of these predictions may not apply. Regardless, it is an interesting outlook for 2013 which he feels could be the best market in a long time. We can only hope! Here are his predictions: 1. With more pent up demand, more homebuyers and sellers … (18 comments)
maricopa arizona housing market report: Maricopa Arizona Homes for Sale - Market Report 23OCT12
- 10/24/12 10:25 PM
Maricopa Arizona Homes for Sale - Market Report 23OCT12 There is not a whole lot to report on this week as all of the key indicators are trending in the same direction as past few reports (see Maricopa AZ Housing Market Data). Inventory of active listings for subdivision homes for sale in Maricopa AZ continues to rise at a relatively steady rate. Without a doubt, I have noticed a lot more out-of-state license plates in the past week or so which indicates that many of our seasonal residents/buyers are returning. We have also experienced quite a few more inquiries since my … (0 comments)
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.
During a speech at the Mortgage Bankers Association’s Mid-Winter Housing Finance Conference, Federal Reserve Board Governor Elizabeth A. Duke said that "recent gains in the housing market will continue and perhaps even strengthen."
;)
;)
