Mountain View Lakes, Phoenix AZ

85,000.00 for a 3 Bedroom, 2.5 Bath, 1,184 Square Feet-New paint, new blinds throughout, new closet doors, new master ceiling fan & light fixtures, new oven, upgraded carpet, tile downstairs plus washer, dryer and refrigerator included!  2 community pools included with this mountain view home awaits the new owner!  Possible investment property at 7th Street and the […]

Current Metro Phoenix Real Estate Market

Boring, flat, tedious, tame and humdrum are just a few of the terms local writers have used to describe the first six months of our housing market. If our current housing market were a color, it would most likely be beige. Home sales volume for the first half of 2014 was 16.4% lower than the […]

Another Sign That Home Prices Have Hit Bottom

Economists are increasingly confident that home prices have bottomed out. For the last three years, home prices have usually risen in the spring and summer to only then lose all of those increases—plus more—in the fall and winter months. However, economists expect this year to be different and do not foresee such a big drop […]

Maricopa County Foreclosure Rate Drops!

Contrary to statements by the media, the Maricopa County foreclosure rate dropped in August.   There were 2,914 trustee sales for single family homes in Maricopa County in the calendar month of August.  There were 2,701 similar sales in July.  You might think that this indicates trustee sales were increasing. However you would be wrong. There […]

Tables Turn in 2011 on Rent vs. Own

Rents have surged as home prices have dropped, which have prompted some to ponder whether homeownership is really worth it. Moody’s Analytics data has suggested that it makes more financial sense to rent than buy in many U.S. cities, but Moody’s chief economist Mark Zandi now says that is about to change. “By mid 2011 […]

Foreclosure Mess Is Easing

from AzCentral.com January 4, 2011: Metro Phoenix’s foreclosure activity likely peaked in 2010. The 2010 tally for pre-foreclosures, or notice of trustee sales, in the region is 79,637. That’s an 18 percent drop from 2009, when a record 97,141 were filed, according to Information Market, a real-estate analysis firm. Foreclosures, known as trustee sales in […]

Active and Pending Listings for Metro Phoenix

This is an update of the total Phoenix Real Estate inventory through March 2010.  If you click on Phoenix Metro Active & Pending Listing Statistics through March 2010, you’ll notice that that 36% of all pending transactions are in the under $100K price range and that absorption rate within that price range is almost 50%.  Likewise, 26% […]