sedona investments: More Borrowers underwater on mortgages will affect Sedona Homes for Sale
- 02/14/11 02:50 AM
Well, CNN Money just came out with the following newswire - "More Borrowers Underwater on Mortgages". This in itself will continue to affect the home values in Sedona Homes for sale pulling the market downward even more. The article goes on to say, that with home prices still dropping in some areas during the last three months of 2010, more home owners are now finding themselves underwater on their mortgage, according to Zillow.com quarterly survey. Twenty-seven percent of home owners with mortgages nationwide owe more than what their homes are valued--a 23.2 percent increase from just one quarter earlier. Underwater mortgages … (0 comments)
Upcoming Financial indicators to look for this Week that may affect Sedona Real Estate There were some financial indicators from last week that could impact anyone buying a home especially a second home in the Sedona Real Estate market. They are as follows: Last week was not a happy one for folks who need a mortgage. Mortgage rates were as much as .25% higher than they were at the beginning of the week. The reasons include a big stock market rally, and very strong data including productivity and factory orders. These factors eclipsed the disappointing jobs number. Remember that in an … (0 comments)
sedona investments: Sedona AZ Homes for Sale attracts International Buyers
- 02/07/11 02:09 AM
The Sedona AZ Homes for Sale Market has had it's share of international buyers. With the majority of that business coming from Canada and Europe. However, quite recently I have had clients as far away as China into to Sedona to "buy" in Sedona. Something that I find very interesting. It is a known fact that the United States real estate offers a lot of bang for your buck, according to a new survey that shows U.S. homes are the cheapest relative to incomes among English-speaking nations. Australian homes — which have a median price of $454,000 — were found to be the most unaffordable … (2 comments)
sedona investments: New Tax Laws for renting a home in the Sedona AZ Home Marketplace
- 01/09/11 05:31 AM
AZ Tax Requirements for Landlords Starting in 2011, there is a new tax requirement for landlords whether or not you own a home in the Sedona AZ Home market or anywhere in the States. All landlords who receive $600 or more in rent for the year must send a 1099 to all service providers that the landlord paid $600 or more during the year, such as plumbers, carpenters, yard services, and repair people. The new requirement applies to owners of both residential and commercial property in the Sedona AZ Home market to anywhere in the states. Prior to 2011, this requirement … (2 comments)
sedona investments: Updated Market for Sedona AZ Homes for Sale
- 12/16/10 01:15 PM
Well, we are a week away from having Santa make his appearance in the Sedona AZ Home Market and our sale volume continues to show bettter numbers than 2006. Which is great news. Buyers are back in our market. Interest rates are starting to edge up slightly and I think will be slightly higher in the next coming months. So it is still a great time to buy in the Sedona AZ Home Market. Our price per square foot and the sold prices continue to fall and will continue because of the trickle foreclosures that continue to bring the market down. A very interesting … (0 comments)
sedona investments: Challenge your Sedona AZ Home Real Estate Assessment
- 12/14/10 04:25 PM
I always think it a good idea for buyers and seller's in today's market to challenge their Sedona AZ Home real estate assessment. After all, that is how your home taxes are calculated. You can't do much about the rate at which your home is taxed, but you can try to do something about how your home is valued for taxation purposes in 2010. The process varies depending where you live, but in general local governments conduct a periodic real estate assessment to determine how much your home is worth. That real estate assessment figure is used to calculate your property tax … (0 comments)
sedona investments: CHRISTMAS IN NOVEMBER IN THE SEDONA REAL ESTATE MARKET
- 11/11/09 02:52 PM
I feel like it's Christmas -in November. All through Sedona you see realtors bustling around with clients, their fingers busy writing contracts, submitting offers, homes being exchanged between happy buyer's and grateful and happy seller's - and all through the air you feel the wonderful, crisp sound of "Activity" in Sedona. Music to a grown up Realtor like me! Yes Virginia! There is a Santa Claus and it's name is "Activity". For that is what has really returned with a bang to the Sedona Market place - "Activity" in the Real Estate Market. Our solds are up by 46% since this time … (0 comments)
sedona investments: WHAT IS A SHORT SALE? AND IS IT WORTH IT?
- 11/05/09 06:42 AM
WHAT IS A SHORT SALE? AND IS IT WORTH IT?THE DEFINITION OF A SHORT SALE 101 - SELLER OWES MORE THAN THE HOUSE IS WORTH AND HIRES A REALTOR TO LIST THE HOUSE AND SOLICIT AN OFFER BASED ON THE CURRENT FAIR MARKET VALUE OF THE HOME. OFFER COMES IN AND SELLER PROVIDES FINANCIAL, OR MEDICAL DOCUMENTATION SHOWING HARDSHIP AND ASKS THE BANK IF THEY WILL TAKE "SHORT" OF WHAT IS OWED ON THE PROPERTY. IT IS UP TO THE BANK WHETHER OR NOT THEY WILL TAKE THE SHORT SALE. THEY SOMETIMES DO, HOWEVER, SOMETIMES THEY DON'T. THE 4 IMOST IMPORTANT … (0 comments)
sedona investments: IT'S GETTING SCAREY OUT THERE! SCAREY FOR BUYERS WHO WAIT!
- 10/29/09 11:22 AM
WELL, IT'S THAT TIME OF YEAR WHEN GOBLINS AND GHOULS ABOUND. BUT HEY THAT HAS BEEN HAPPENING ALL YEAR IN THE REAL ESTATE MARKET. IN FACT, IT'S BEEN HAPPENING FOR THE LAST 2 YEARS. THERE ARE MORE HOME DEATHS THIS YEAR THAN EVER. HOWEVER, I AM HAPPY TO REPORT THAT THE SEDONA MARKET HAS KEPT IT'S STREAM OF FORECLOSURES IN CHECK. CURRENTLY WE ONLY HAVE 22 FORECLOSED HOMES. OUR HIGH WAS 31 LAST NOVEMBER AND SINCE THEN WE HAVE BEEN HOVERING AROUND 21 TO 22. MANY BUYER'S ASSUME THAT BECAUSE MANY PARTS OF THE SOUTHWEST (MAINLY LAS VEGAS AND PHOENIX) HAVE … (0 comments)
sedona investments: Sedona AZ Real Estate Market Conditions
- 12/08/08 02:20 PM
Sedona AZ Real Estate Market Conditions Well..hold onto your hats boys and girls! Cause here are the current Sedona Market Statistics for December 08,2008. Median Sold Home Price $485,000. down by 13% year to date. Price per square foot is now at $233.00 a square foot down by 13% year to date. We are currently hovering between 04 and 05 selling prices. There are 499 active listings - down 9% from July of 08. That is good. That means there are fewer homes coming on the marketplace. There are currently 27 homes pending with a median list price of $379,000 … (1 comments)
sedona investments: VACANT LAND PRICING IN SEDONA AND THE VERDE VALLEY - OUCH!
- 04/23/08 02:08 AM
HERE GOES.... IT'S NOT A PRETTY PICTURE... IN FACT THE PICTURE ISN'T EVEN HUNG ON THE WALL! BELOW ARE THE AVERAGE PRICES. SEDONA - $599,000 - 10 YEAR SUPPLY OF LAND ON THE MARKET VILLAGE OF OAK CREEK (UNINCORPORATED AREA OF SEDONA) PRICE DROP OF 50% - $242,000 - 9 YEAR SUPPLY OF LAND ON THE MARKET COTTONWOOD - IN THE HIGH END FOOTHILLS AREA - 12 YEAR SUPPLY - ONLY 4 SOLD SINCE JAN O7 LAKE MONTEZUMA - 14 YEAR SUPPLY OF LAND ON THE MARKET UNDER $100,000. PRICE ROSE BY 65% TO 65,000 CAMP VERDE - $115,000 - 6 YEAR SUPPLY OF LAND ON … (0 comments)
Well, CNN Money just came out with the following newswire - "More Borrowers Underwater on Mortgages". This in itself will continue to affect the home values in Sedona Homes for sale pulling the market downward even more. The article goes on to say, that with home prices still dropping in some areas during the last three months of 2010, more home owners are now finding themselves underwater on their mortgage, according to Zillow.com quarterly survey. Twenty-seven percent of home owners with mortgages nationwide owe more than what their homes are valued--a 23.2 percent increase from just one quarter earlier. Underwater mortgages … (0 comments)
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