For several years the number of homes in foreclosure in Arizona was among the nation’s highest. The state is now among the lowest in foreclosures as a percentage of homes for sale. Wall St. Cheat Sheet reported Arizona was in the top 12 best foreclosure markets with the housing inventory containing 0.8 percent bank-owned properties. The state, which was rocked by the housing collapse, had Continue Reading
6 Things Sellers Need to Know Before Listing Their Home
In a market where home inventory is low and demand is soaring, sellers may think that their home will move in mere minutes–and at a price that defies even the loftiest expectations. When left untethered, these dreams of big prices and warp speed sales can spell disaster–and major disappointment. Here are six simple points sellers need to know before putting it on the market. 1. Staging Continue Reading
Valley MLS Inventory
Check out these stats! This graph and chart will show you how many active, sold and new listings there have been in the east valley from January 2012 to December 2013. Sales are down from this time last year and months supply of inventory is up. MLS inventory Continue Reading
Check out these January ARMLS Stats
As members of the Multiple Listing Service, we are privy to some great local statistics each month and I thought I would share this month's data as it gives a year in review perspective. COMMENTARY by Tom Ruff of The Information Market 2013: Year in Review The end of the year only comes once. That's why we can't pass up the opportunity to focus on how the market fared in 2013. Below you Continue Reading
Job Growth to Drive 2014 Housing Market
DAILY REAL ESTATE NEWS | MONDAY, DECEMBER 23, 2013 The housing recovery is expected to remain strong in the new year, driven by economic growth and an improving employment picture, economists say. In fact, job growth likely will be one key to driving housing growth in the new year. An estimated 2 million or more jobs will be created in 2014, predicts Lawrence Yun, National Association of Continue Reading
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