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Posts Tagged ‘ Phoenix ’

Phoenix Real Estate in December: Sales down 9% YoY, Active Inventory up 6% YoY

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Phoenix Real Estate in December: Sales down 9% YoY, Active Inventory up 6% YoY

This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (“Stats Report”): 1) Overall sales declined to 6,403 from 7,070 in December 2017. Sales were down 1.7% from November, and down 9.4% from December 2017....
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Phoenix Real Estate in June: Sales up 6%, Inventory down 10% YoY

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Phoenix Real Estate in June: Sales up 6%, Inventory down 10% YoY

This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (table below): 1) Overall sales in June were up 6.5% year-over-year. 2) Active inventory is now down 10.2% year-over-year.  More inventory (a theme in most of 2014)...
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Phoenix Real Estate in December: Sales up 4%, Inventory down 8%

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Phoenix Real Estate in December: Sales up 4%, Inventory down 8%

Wednesday:• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 2:00 PM, the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts. • At 2:00 PM, The Monthly Treasury Budget Statement for...
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Phoenix Real Estate in October: Sales up 2%, Cash Sales down Sharply, Inventory up only 6%

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Phoenix Real Estate in October: Sales up 2%, Cash Sales down Sharply, Inventory up only 6%

This is a key distressed market to follow since Phoenix saw a large bubble / bust followed by strong investor buying.  These key markets hopefully show us changes in trends for sales and inventory. The Arizona Regional Multiple Listing Service (ARMLS) reports (table below): 1) Overall sales in October were up 2.5% year-over-year.  Note:...
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Phoenix Real Estate in April: Sales down 12%, Cash Sales down 33%, Inventory up 49%

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Phoenix Real Estate in April: Sales down 12%, Cash Sales down 33%, Inventory up 49%

This is a key distressed market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (table below): 1) Overall sales in April were down 12% year-over-year and at the lowest level since April 2008. 2) Cash Sales (frequently investors) were...
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Phoenix is Facing a Housing Shortage

Phoenix is Facing a Housing Shortage

A Phoenix home with 95 bids is just one example of a housing market entering a new and unprecedented phase.  Experts at Arizona State University School of Business say Phoenix is headed for a major housing shortage. Long gone are the days when Phoenix was riddled with available, well-built single-family homes in the wake...
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Phoenix is Facing a Housing Shortage

Phoenix is Facing a Housing Shortage

A Phoenix home with 95 bids is just one example of a housing market entering a new and unprecedented phase.  Experts at Arizona State University School of Business say Phoenix is headed for a major housing shortage. Long gone are the days when Phoenix was riddled with available, well-built single-family homes in the wake...
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Need Help With An Arizona Short Sale Or Phoenix Short Sale?

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Need Help With An Arizona Short Sale Or Phoenix Short Sale?

AZ Legal Image by Nick Bastian Tempe, AZ Need Help With An Arizona Short Sale Or Phoenix Short Sale? Do you owe more than what your home is worth? Are you behind on payments and feel that you can’t afford your home anymore? Do you think that you wouldn’t be able to pay a...
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Phoenix Short Sale: Effective Remedy For Defaulting Borrowers

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Phoenix Short Sale: Effective Remedy For Defaulting Borrowers

Rick Mack talking about short sales Image by Phil Sexton Phoenix Short Sale: Effective Remedy For Defaulting Borrowers A Phoenix short sale is one of the rock-solid remedies that you, as a homeowner, can utilize of during a financial squeeze. If you realize that you can no longer keep or afford your home and...
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Chart of the Day: Median Price, Inventory of Homes in Phoenix, AZ

Chart of the Day: Median Price, Inventory of Homes in Phoenix, AZ

Last year at this time, Phoenix inventory was dropping precipitously and prices climbing after two years of bursting bubble. This year looks a bit ominous.
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