Buy or Sell Homes in South East Valley of Arizona

Here is the Market Report for the end of January, 2012. January was a very interesting month as you will see in the following charts and dialogue. Besides the distressed property analysis that we always talk about, the report centers on the Average Sales Price of homes, New Listings entering the market, and the total number of Active Listings on the market. We are going to talk about how these three metrics are changing, how they inter-relate, and what to be on the lookout for. The average sales price for January is the highest we have seen since August. This reflects an ongoing significant decrease in the number of homes on the market →fewer homes to choose from →more competition for those homes →higher prices. At the same time that prices are rising due to decreasing inventory, January marked the highest number of new listings to the hit the market since August. It will be interesting to watch how these somewhat conflicting metrics resolve themselves. Finally, I included a c...

Here is some good news; The secondary mortage market company Freddie Mac has updated its bulletin to servicers of Freddie Mac mortgage loans to make clear that they aren’t to pursue a deficiency judgment against a borrower after a short sale or deed-in-lieu of foreclosure if the transaction was processed in accordance with Freddie Mac’s guidelines. In a deficiency judgment, a lender goes after the borrower to collect the amount of loan that was “shorted” in a short sale or deed-in-lieu of foreclosure, even after the lender approved the short-pay agreement. State laws apply differently to the practice, but in some states a lender can go after a borrower several years after a transaction closes–sometimes to the surprise of the borrower. The new language, says the company, reinforces “the requirement that the Servicer, for itself and on behalf of Freddie Mac, must waive all rights to seek deficiencies for short payoffs and deed-in-lieu of foreclosure transactions on Freddie Mac ...

The Vote is In: Americans Place High Value on Homeownership By an overwhelming margin, American voters strongly value homeownership and would oppose efforts to weaken or eliminate the mortgage interest deduction or diminish a federal role to help qualified home buyers obtain affordable 30-year mortgages, according to a new nationwide survey gauging likely voters’ attitudes towards homeownership and housing policy issues. “The American electorate is sending a clear message that owning a home remains a cornerstone of the American Dream and preserving a federal commitment to homeownership is essential to maintain a thriving middle class and get housing and the economy back on track,” says Neil Newhouse, a partner and co-founder of Public Opinion Strategies. To read more, click HERE -------------------------------------------------------------------------------- Mortgage Rates Continue Trend of Record-Breaking Lows Freddie Mac recently released the results of its P...

monthly newsletters come and go...but I find that this one has the best up to date information...give it a try! Tips and Tricks Newsletter   This is a good go to for what is going on in the market. From The Debt cancellation bill expiring at the end of the year, to what types of plants you should plant to enhance your home and net the most down the line...there is something for everyone!  I hope you find it useful... Call or email me if you ever have any questions or need anything! www.AzBuysHomes.com   www.SellshomesinAZ.com   

 Office and home rent will continue to rise, according to MSNBC Bottom Line - Office and home rent will keep rising and rising bottomline.msnbc.msn.com Paying rent is getting more painful for renters across the country in the face of rising demand and tight supply. Both the commercial and residential real estate markets are seeing increases, and more are expected in the months and years to come. Office construction starts were a … Very interesting, Investors are speculators, the more they see this trend, the more an average home buyer will have to compete with investors to purchase a home. 48% of sales have been cash as the trend shows in 4th Qtr 2011...there is a demand for homes out on the market- just not enough inventory to quench the need!  So if you are thinking of selling, please let me know-I can help!  Go to my website at www.AzSells Homes.com for more information about what I can do to help. and if you want to know figures t...

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