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Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS I hate to sound like a broken record (if you are under the age of 35, records were vynil discs that were used to store music prior to CDs, i-pods or MP3 players, and they sometimes became broken or scratched and [...]  Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS For the past year, we have seen consistently month over month that 93-94% of all properties selling in our market are listed under $400,000. That is still holding true. As we know, the number of foreclosures listed has decreased, but the number of [...] An interesting email I received from Stan Van Dyk of Cash Funding Options: Hi All: Shadow inventory is made up of all the properties that are I received a nice email from Michael Neill of American Alliance Mortgage Company with the following fantastic news: BREAKING NEWS!!!!!FHA WAIVES 90 DAY FLIP RULE HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS Measure to help bring stability to home values and accelerate sale of vacant properties In an effort to stabilize home values and [...] Courtesy of Barb Savoy-Pacella, ABR, CHMS, CNRS The market is starting out on some very positive notes for the New Year! Active listing inventory is down 26% over the same time period last year. I never imagined I would be pleasantly surprised by depreciation, however; appreciation was at -38.6% at [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS The Federal Reserve has concluded their final meeting of 2009. It appears that for the time being, the Federal Funds Rate will not be increasing. However, the mortgage backed security program currently in place that has kept rates artificially low will come to an end in [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS To view properties for sale, or for additional information, please visit us at www.PacellaGroup.com In the areas of the Valley where inventory is moving, it appears that we can be hopeful for some stabilization of pricing. During the same time period in 2008 valley-wide home prices were [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS To view homes for sale, or for additional information visit us at www.PacellaGroup.com If we continue on our current trend, it could be very good news for the Phoenix market. According to the Cromford Report, which analyzes Phoenix real estate data, sales volumes are 63% higher than the [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS To view property for sale, or for additional information visit www.PacellaGroup.com Inventory is still varying dramatically in different areas of the Valley. It is very much a seller’s market in the West and East Valley (between 3 to 4 months of supply in those areas), and very [...] Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS For additional information, or to view properties for sale, please visit our web site at www.PacellaGroup.com We continue to find ourselves in a rather unusual market. We are seeing the seasonally anticipated rise in inventory, but we are also seeing extremely strong sales and pending sale inventory, [...] |
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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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