maricopa az home sales: 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)

maricopa az home sales: Maricopa Arizona Homes For Sale - Weekly Market Update 31MAY - 05/31/11 01:19 AM
This is an update to the weekly report that details the market of homes for sale for subdivision homes in Maricopa AZ. The inventory of these homes continues to decrease amid steady buying and is at an all time low. Values, especially in single level homes, are increasing across the board as the number of foreclosures and short sales being released into the marketplace cannot keep up with the demand.
Terrific deals are still to be found but it requires immediate action. My wife, Patti, and I have been Maricopa residents for over 8 years. We know all there is to … (1 comments)

maricopa az home sales: Maricopa Arizona Homes for Sale - Market Report 9MAY - 05/12/11 03:24 AM
Every week I post an update on the Maricopa AZ homes for sale market on my website blog (www.wizardsofwaz.com/blog). Inventory of subdivision homes in Maricopa continues to decline while buying activity remains strong.
You can read the full report by clicking on this link http://bit.ly/m8cVpm
 
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maricopa az home sales: Bank of America's Performance Downgraded - 05/04/11 02:24 AM
Moody's Investors Service downgraded Bank of America ratings on collections and loss mitigation services citing a "deterioration".
Bank of America was among several major lenders that signed consent orders with the Department of the Treasury after an investigation into their loss mitigation practices. B of A plans to fully implemet these orders within 3 - 6 months and stated that they were not surprised at the downgraded rating.
This further explains why lenders are holding onto their "shadow" inventory. They are afraid of class action suits and further action by the DOT until they "get their sh.. together". The president of … (1 comments)

maricopa az home sales: Maricopa Arizona Homes For Sale - Weekly Market Report 12APR - 04/13/11 02:59 AM
Here is the update to my weekly report. I got it out a little late this week as I have been swamped!!
Inventory of homes for sale in the subdivisions of Maricopa Arizona continues to decline, albeit at a slower rate. Buying activity is still strong but has lessened slightly due to the annual migration of our "snowbirds". Foreclosures continue to trickle in and I have no idea why the lenders are hanging onto their shadow inventory.
Read the full report here
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maricopa az home sales: S & P Estimates Shadow Inventory is at $450 Billion Dollars - 03/25/11 07:40 AM
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 current pace of home sales, they predict it would take 49 months to clear this inventory.It should be noted that this is a national average and definitely needs to be adjusted for local markets. For example, they claim that, given the current rates in the Phonix market, we only have 30 months of this inventory and that … (1 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

Mobile: (480) 390-5043

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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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