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
Architects’ Own Homes Tour November 11-13
The third annual Architects’ Own Homes Tour is coming up November 11-13, hosted by Gnosis, Ltd. (a nonprofit organization, seeks to preserve and present the significant creative contributions of individuals who have changed our world) The three day event will feature a cocktail party just before an architect’s panel discussion/symposium at Taliesin West moderated by
Building Permits Rising Nationwide; Housing Starts To Follow
Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011. A “Housing Start” is defined as a home on which ground has broken. We shouldn’t put too much faith in the findings, however. Although housing starts were lower last month, as noted by the Census Bureau, the margin
Home Affordability Rankings for Arizona
Home affordability slipped slightly last quarter, dragged down by rising mortgage rates and recovering home prices in Arizona and nationwide. The National Association of Home Builders reports a Q2 2011 Home Opportunity Index reading of 72.6. This means that nearly 3 of 4 homes sold last quarter were affordable to households earning the national median income of
