Gold Canyon and East Phoenix Valley Real Estate Blog
Gold Canyon and East Phoenix Valley Homes and Area Information
Here is some info about the overall Phoenix Arizona real estate market for October 2011. Total sales in October were 7,600, which was comprised of 2,668 normal transactions representing 35% of the market. Short Sales were 2,211 which represent 29% of the market and REO sales were 2,721 which comprised 36% of the market. In [...]
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In this Sunday’s Washington Post is an article about the world of “short-sales”. While the focus of the article is a community on the East coast. the information about “short-sales” can be transferred across the country to what is happening in Arizona as well. Bottom line, there are more approvals of “short-sales” that are being [...]
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New reports by a research group, Core Logic and the New York Times are showing that more than 1 in 7 homeowners with loans in excess of a million dollars is seriously delinquent. Owners of homes of less expensive properties are showing that about one in 12 mortgages below the million-dollar mark is delinquent. According [...]
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A question we get constantly is “why don’t the banks respond to short sales in a timely manner when there are offers on the home and buyers interested in buying the short-sale properties.” Today’s New York Times ran an article that may help shed some light on this situation.
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If you are a home owner facing foreclosure this is important new information just released from the Arizona Department of Real Estate. (Latest Update – article in Arizona Republic dated 7/30/09) (Latest Update — article in Arizona Republic dated 7/26/09) SB 1271 – Anti-Deficiency Law Change One of over 200 bills pushed through the legislature [...]
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In one of our earlier posts we reported how investors are gobbling up foreclosures in the Phoenix real estate market. While this trend continues, there is more speculation that not all pre-foreclosures being held by the banks are making their way back into the market in a timely way. In a June 23rd Arizona Republic [...]
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