The cliché says that there has never been a better time to buy. The hard data in the housing affordability index confirms that. The affordability index, which takes into account median income, median home price, and mortgage rates, has been bouncing around in the 180 to 200 range since the beginning of this [...]
by Lawrence Yun, chief economist of the NATIONAL ASSOCIATION OF REALTORS® – June 2011
The first quarter ended with decent home sales activity, but the rest of the year should be even better. Here’s why.
The first quarter ended with decent home sales activity, with existing homes selling at an annualized pace of [...]
by Derek Kravitz – May 31, 2011. Associated Press
WASHINGTON — An index of home prices in big metro areas has reached its lowest level since 2002, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy.
Prices fell from February to March in 18 of the [...]
Washington, DC. May 19, 2011
Existing-home sales slipped in April, although the market has managed six gains in the past nine months, according to the National Association of Realtors®.
Existing-home sales(1), which are completed transactions that include single-family, townhomes, condominiums and co-ops, eased 0.8 percent to a seasonally [...]
Foreclosures, recession spur surprise market shift
by Catherine Reagor – May 18, 2001. The Arizona Republic
Metro Phoenix has long been known for its supply of affordable houses, easy to buy and resell. Now, the rental market is dominating the region’s housing sector, something many real-estate experts and agents didn’t expect.
Rental homes of all [...]
Washington, May 18, 2011
The U.S. continues to remain a top destination for foreign buyers as international purchases surged by $16 billion this year, one of the highest increases in recent years.
This is according to the National Association of Realtors®’ 2011 Profile of International Home [...]
by Catherine Reagor – August 8, 2010. The Arizona Republic
More buyers are finding Southeast Valley homes affordable again.
Amid the worst home-building slump in more than two decades, location has once again become the most important factor for metropolitan Phoenix’s new-home buyers.
After being pushed to the extreme edges of the region [...]
Take a look at these charts to get an overview of our home sales and foreclosures in Maricopa county.
Monthly Notices
The foreclosure process is started by the bank filing a Notice of Default for each home that is typically 90 days late on paying their mortgage.
Total Pending
Once [...]
by Catherine Reagor – April 20, 2011. The Arizona Republic
“Metro Phoenix’s housing market took a turn for the better last month, and if current trends continue, home prices could start to climb again before the end of the year.”
“Market experts say now is still too early to declare the beginning of a [...]
