Author Archives: Jennifer

Arizona Home Prices Are On The Rise!

Home prices in the Phoenix area are up nearly 34% over last year at this time! New homes sales are up 85%! The overall number of active single family homes as of Nov 1st was 12,500 in the greater Phoenix area. … Continue reading

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Signs that Arizona’s Real Estate Market is Recovering

The upward price trend that started back in September of 2011 has continued and gained strength thru March 2012. Believe it or not the overall supply is down 64% from 12 months ago.  Distressed or bank owned inventory is down by … Continue reading

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Current News For Phoenix,Arizona Real Estate

Home prices are 3-4%  higher now then last year at this time. Monthly foreclosure starts are down 49% from this time last year and home sales are up 8%. What does this mean for those in the market to buy a … Continue reading

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Is The Arizona Housing Market Turning Around?

It appears that way! Inventory is the lowest it has been in years. If you have been out looking for a home, you have probably noticed a shortage of move in ready homes. Many homes are selling for above list price … Continue reading

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Interest Rates Fall Again

This past week interest rates fell to a low we have not seen in 60+ years, 30 yr fixed rates are right around 4%. It is hard to say how long we will see rates this low, now is a … Continue reading

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Some interesting facts about the current Arizona Real Estate Market

Approximately half of the homes for sale in Arizona are “distressed properties”, other wise known as short sales or bank foreclosures. The average sales price for a distressed home in Arizona is about 20% below market value. The sales price typically … Continue reading

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Why now is a good time to buy a home

1. Interest rates are still below 5% 2. Motivated sellers,  banks and lenders are anxious to get rid of all their excess inventory. 3. Unbelievable prices, most disstressed properties are selling for between 10% to 40% below market value. Combine … Continue reading

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