No…that image is not a graph of plummeting home prices, it’s portraying what we’ve seen happen to our supply of homes over the last year, with levels down to shortages not seen since the boom in 2005. Extreme shortages like this with high levels of demand are likely to lead to some heavy pressure on
How soon can I buy a home after a (___________)?
A question many people ask or wonder about nowadays is “How long after a short sale/foreclosure/bankruptcy can I buy a home again”? One important thing to keep in mind is none of those things exclude you from buying a home again, it’s only qualifying for a new mortgage after those which you might find some
December 2011 Phoenix Real Estate Market Report
Those latest numbers can’t be right….Phoenix is supposed to be one of the worst real estate markets in the country right now with no end in sight. The average price per square foot is now 1.4% higher than it was 12 months ago for Maricopa County as a whole. This is what used to be
Short Sale Informational Seminar in Phoenix, AZ
If you or someone you know is thinking of selling your home, but owe more on your mortgage than your home is worth, a short sale might be a good option for you. Short sales can be a very complex, so learning more about the process, how to prepare, implications, and if it’s something that
November 2011 Market Report
The latest market data for Phoenix from The Cromford Report shows more encouraging news, with inventory down, sales and demand up, foreclosures down, and pricing making the most positive move seen for at least 15 months. average active listing $/SF – up 2.3% to $139.98 per sq. ft. average pending listing $/SF – up 1.8% to
How Much Should I Offer?
This is a common question I see asked by buyers, and one that is best to consult with your trusted real estate advisor to get the best answer. There is no general rule of thumb that says you should always start with an offer of X percentage off of asking price. Your primary goal should
Then and Now – One Year Later at Optima Camelview
Phoenix has seen some volatile changes in the local real estate market over the last 10 years. There are plenty of national media reports floating around about the real estate market continuing it’s decline with no relief in sight. Real estate can be a complex arena with big differences from state to state or neighborhood
October 2011 Market Report
The latest data from The Cromford Report just released shows sales volume dropping in September, but still up 17% over last year with a total of 7,832 homes sold this year. Supply levels are holding steady for the first time since December 2010, up 0.6% from last month but a massive drop of 50% from