How many stories have we heard about homeowners who owe more on their homes than the market value try to work out a new payment plan or refiance the amount owed to a lower rate over the last few years? I myself, have heard hundreds. The HARP cap is looking to be removed next month, annouced by President [...]
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Transferring your underwater home title to Barack Obama or John McCain is not a bona fide deed
October 29, 2011
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Answers to why the Phoenix real estate market is confusing when it comes to a home’s value
August 29, 2011
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Traditionally, a home’s value could be estimated from its “comps,” comparable sales of nearby homes. Those offer an idea of the going price in a neighborhood and the price per square foot. Currently, metro Phoenix’s overall median sales price is $124,000. But because many of the homes sold are foreclosure auctions – in which low-priced [...]
Read morePhoenix, AZ Foreclosures declining – Median Homes Price rises slightly
July 13, 2011
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“Foreclosures continue to be the dominant force in the market”, states Jay Butler, professor at the W.P. Carey School of Business at ASU. Butler feels the housing market is making a glacial pace recovery, but emphansizes that he has seen the same seasonal report in the past two years without a significant recovery in the [...]
Read morePhoenix, AZ latest housing market update – Shadow Market Inventory -What are buyers doing now?
May 28, 2011
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What buyers are doing now? – they are not waiting to buy homes! The area’s supply of homes for sale continues to shrink, even as more foreclosure homes are listed or put up for auction, metro Phoenix’s shadow inventory doesn’t appear large enough to prompt a waiting game for buyers. The Shadow Market inventory are homes that [...]
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