UPDATE * (as of Dec. 2011)
Hi Becky,
Thank you for taking my call this morning; as discussed, I have outlined some of the program improvements and highlights below. Also feel free to refer to the website for additional information www.phoenix.gov/nsphome.
The Homeownership Assistance Program is in close out mode, there are only 4 slots left. The purchase price [...]
This graph shows the average SOLD price over time. Do you see the low dip and now the slow rise in selling prices? Does this act as evidence a bottom has already happened? Do you think the market has stabalized? Leave a comment and let me know!
Also interesting is the Days on Market (DOM). The [...]
What is REALLY going on with Phoenix area real estate? Here are the statistics as of 8/17/2009 -
Properties For Sale in Phoenix-Metro area: 31,383 (it had been as high as 58,000 in ‘07/’08!)
Lender Owned (foreclosures) for sale: 4,631
Short Sales for sale: 7,364
Properties under contract: 12,602 - 18,641 if you count those still in their inspection period.
ACTIVE (for sale) listings [...]
Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The fannie_mae_logo1restriction reversal does come with new minimum requirements, however.
Homeowners buying a 5th, 6th, 7th, 8th, 9th or 10th home must meet the following standards, as set forth by Fannie Mae:
This THE TODAY SHOW interview with Barbara Corcoran is a MUST SEE for anyone even thinking about buying or selling a home. Plus, she mentions Phoenix specifically as (hold on to your seat) a market that has turned around! This video is 4 minutes and you’ll learn something - what are you waiting for? [...]
If you plan on pinching pennies and experiencing a “staycation” rather than a vacation this year, here is the official visitor guide of our greater-Phoenix area. Click on the link below or the picture to flip through the pages of this helpful guidebook. Play tourist around here and post a comment about your favorite things [...]
This graph shows supply and demand trends since 2002. The dip in supply (listings) was obviously during the real estate boom of 2004/2005. You will also note the high inventory of homes (50,000+) now available for sale.
The Windsor Square Neighborhood is hosting a self-guided tour of unique, historic homes in central Phoenix on Sunday, April 6, 2008. The event showcases 12 homes and gardens that anyone with an interest in history, architecture, gardening or decorating will appreciate. There will also be food, arts & crafts and music provided by street vendors in [...]
Wednesday, November 18, 2009
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