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What do you do if the homeowner just doesn’t want to sell their negative equity home? I imagine this is rare, but it has come up more than once when a homeowner is faced with the point today where they can no longer afford their home or it no longer makes sense to keep paying on [...]  Courtesy of Barb Savoy-Pacella ABR, CNRS, CHMS ~ Director of Business & Career Development, Keller Williams Arizona Realty www.PacellaGroup.com There are many variables that can effect what seems to be our continuing ascension from what appeared to be the bottom, such as, “strategic default” by Alt-A borrowers; the expiration of the home buyer tax credits; and any [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director Business & Career Development ~ Keller Williams Arizona Realty The Phoenix market certainly has it’s ups and downs, but one thing has been VERY consistent over the past year. Properties listed over $400,000 only account for 7% of what has been selling for the past year. In the [...] It appears as though we have another week of “the good, the bad, and the ?” The good The absorption rate Valley wide in all price ranges is 28.4%. The bad The absorption rate drops into the teens [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director of Business & Career Development ~ Keller Williams Arizona Realty ~ www.PacellaGroup.com The Market Optimism May be Contagious! As reported by Peter Corbett in the Arizona Republic on April 15th, according to a University of Arizona forecast, the Valley’s new-home market is on its way to recovery. The UofA Economic [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director Business & Career Development ~ Keller Williams Arizona Realty The Phoenix Metro Area market continues to show signs of strengthening and reason for optimism. The average rate, Valley wide, at which the market is absorbing active inventory is 26.9%. That number is considerably higher in the price ranges under [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS ~ Director Business & Career Development for Keller Williams Arizona Realty ~ www.PacellaGroup.com. Avoiding anything unforeseen, the current market conditions appear to be improving. You may have noticed that I have been watching the appreciation forecast weekly. It’s hard to believe that last year at this time it was -43.5%. [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director Business & Career Development Keller Williams Arizona Realty There are good reasons to be optimistic about the Phoenix market. There are signs that the light at the end of the tunnel may not be a train. It’s not a surprise that: Courtesy of Barb Savoy-Pacella ABR, CNRS, CHMS This week appears to be a good news/perhaps not so good news week in the market. The good news is that the totals for notice of trustee sale for the month of January are in. In Maricopa County 6,762 notices were served [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Here we go! The moment we’ve all been anticipating! Would we see the traditional rise in pending sales anticipated to begin the third week in January annually, or would the “shadow inventory” of foreclosures flood the market? The results are in. According [...] |
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Copyright © 2012 Buying Arizona Real Estate - All Rights Reserved. Blog owner Tony Pomykala is a licensed Arizona Real Estate agent with Sunrise Investments. equal housing opportunity |
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