Posted in Mortgages, Real Estate on Sep 23rd, 2009
Sounds like good news on the main front, lets hope homes keep selling and they extend the tax credit! ——————————————————————————- WASHINGTON — Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing market. Even so, rates on [...]
Posted in Real Estate on Aug 28th, 2009
I have been battling with a pool at one of our re-hab houses for weeks now. It all started by purchasing an auction house with a large diving pool in the backyard. It was empty and had the usual green muck at the bottom. The diving board was also broken so that eventually got removed. [...]
Posted in Real Estate on Aug 26th, 2009
Are you sick of dealing with tenants? The old adage toilets, trash, and tenants is what rental properties are all about. Well if you haven’t looked into a professional property management firm in a while, they are cutting rates down like everything else in real estate. You can get zero monthly fees right now by [...]
Posted in Real Estate on Aug 25th, 2009
This is always good to hear, but if you are involved in real estate at all in Phoenix you know we have been on the upswing since April! —————————————————— Annual home price declines in Phoenix continue to be among the worst in the nation, but home prices rose 1.1 percent in the second quarter. The [...]
Posted in Real Estate on Jun 24th, 2009
This has been a concern of mine for awhile, even though we have seen a bottom, how can we sell prices at retail if the appraisers are using REO prices for the market price? ************** June 24 (Bloomberg) — There may be another culprit scuttling a U.S. housing recovery: low home appraisals. Flawed appraisals are [...]
Posted in Real Estate on Jun 3rd, 2009
Who says there isn’t people buying expensive homes? A Realtor, a partner in a California oil company, a Chicago attorney, a former executive of an Ohio engineering firm and the principal of a Tempe interior-design company are among the buyers and sellers in this week’s priciest home sales. $7,212,672 Marrowstone LLC, an Arizona limited liability [...]
Posted in Real Estate on May 18th, 2009
Reporting from Phoenix — After four years of renting because they were priced out of the real estate market, Jamia Jenkins and Scott Renshaw concluded the time had arrived for them to buy. They saw that home prices had dropped so fast here — faster than in any other big city in the nation — [...]
Posted in Real Estate on May 7th, 2009
Take this with a grain of salt, I think its even worse than this. Zillow likes to inflate values alot, I don’t believe it takes into account all of the REO prices we see, especially here in the valley. You can only sell your house for what the market will bear, and if your competing [...]
Posted in Foreclosure, Real Estate on Mar 31st, 2009
Talk about an over-correction! Now is the time to invest, these low prices won’t be around forever. Housing prices in 20 major cities fell at record monthly and annual levels in January, and Phoenix has the dubious distinction of leading the declines, according to the Case-Shiller Home Price Index. The private report released Tuesday shows [...]
Posted in Foreclosure, Real Estate on Mar 23rd, 2009
Great article on three zip codes in the area and how they are faring the storm: When will the housing market hit bottom, and how long will it take to get there? The answer is clear: It depends on where you live. The Valley’s housing slump is really a collection of highly localized downturns, each [...]