sedona luxury homes: 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 luxury homes: Google Maps and Sedona AZ Homes for Sale relationship coming to a quick end
- 02/08/11 10:47 AM
For those of you who like to check out the Sedona AZ Homes for sale on Google, you had better look now before come February 10th it will be GONE. That will be the last day that Google will feature any real estate listings. As well as any for-sale, foreclosure, or rental properties through its search function on Google Maps. Please hear me - on Google Maps. Google officials say they decided to stop featuring the real estate listings because of low usage and the popularity of other property-search tools on real estate Web sites (like my website). Any consumer still looking … (0 comments)
sedona luxury homes: Do you need an attorney when selling a home short in the Sedona AZ Home Market?
- 01/25/11 01:58 AM
So you have hired the right agent to sell your Sedona AZ Home for sale as a short sale. You have a contract. It's at the bank. The realtor is telling you -you have nothing to worry about. You are pretty confident that you have a nonrecourse note and you won't get slapped with a deficiency judgment by the lender. So do you need an attorney? Let me answer this question with a question. If I have a pain in my leg, and a physical therapist tells me it's just a pain and nothing to worry about - am I still … (0 comments)
sedona luxury homes: Sedona AZ Homes for Sale tied to Unemployment Picture?
- 01/12/11 03:34 AM
People often wonder if the Sedona AZ Home Sale Market is influenced by the national job market. Historically, that has not been in case, and Sedona is primarily influenced by the cash at hand for the 2nd home buyers and the overall confidence that the consumer feels about the national economy. But on the National front, the employment picture in the US has brighten. And as we all know, demand for housing is fueled by consumer confidence levels. And nothing impacts those levels more than how consumers feel about the job market. We had three major releases last week that gave … (1 comments)
sedona luxury homes: Sedona Luxury Homes are showing signs of Life
- 12/26/10 01:25 PM
The Sedona AZ Luxury Homes for Sale are finally showing a glimmer of life. Like the lower priced homes these seller's have had to readjust their thinking to the reality of today's market. And we are finally seeing some life in that sector with the return of high-end buyer's in search of luxury homes as well as lots. The median sold price per square foot for a luxury property (which is over $1 Million) is now at $287 per square foot. Compare that with the 2006 price of $336 a foot and you can see how much the luxury homes have … (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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