Scottsdale-Phoenix Real Estate with Metro Phoenix Homes

Although HR3126 appears to be coming to end, I wrote a commentary on HR 3126, the Consumer Financial Protection Act of 2009, passing the House Financial Services Committee. My original post (hyperlink to the left) brought out some strong feelings from an appraiser named Max. The comment brought o...

A continuation from part one of this post. Max (the appraiser)and I had a lively discussion about HR 3126, the Consumer Financial Protection Act of 2009. The first post was getting long so it was time to break the conversation into two parts. The response from Max: "Until you know how to appraise...

The Phoenix foreclosures "sales %" dropped to a 12 month low in November 2009. 60.2% of all residential sales were foreclosure type sales. Phoenix foreclosures are defined as bank owned (REO, or real estate owned) properties and short sales. That chart indicates that 7,586 residential properties ...

Phoenix real estate market closes 7,586 sales in November 2009 The 7,586 residential sales recorded in November 2009 are 559 sales less than those recorded in October 2009. This reduction in sales is considered both normal and cyclical in the Phoenix real estate market. Sales peaked in June 2009 ...

Phoenix real estate prices continue to rise - December 2009 Yes, believe it or not Phoenix real estate prices have continued on an eight month increase. The chart you are looking at below indicates the appreciation (and depreciation) rates for Phoenix real estate over the two year period from Nov...

Active Phoenix Arizona foreclosures increased to begin December 2009. Foreclosures are defined as both bank owned properties and real estate short sales. The increase was 803 properties in the Phoenix real estate market from November 2009. The increase has been mounting since July 2009 when the t...

Residential listings increased for the third consecutive month in the Phoenix Real Estate Market to begin December 2009. That translates into more homes for sale. The increase in homes for sale began in October 1st, 2009 and has continued for the last three months (in pink).  The 3-month total in...

2009 is in position to be the 3rd best year in last decade for Phoenix homes for sale. The housing market forecast in the Phoenix area is looking very promising going into 2010. As of November 12, over 79,500 residential home sales have been completed in the metropolitan Phoenix area. Homes sale...

Phoenix Area Home Sales Increase Slightly in October 2009 The increase was slight, but October 2009 home sales in Phoenix surpassed those of September by about 200 sales. These numbers continue to be evidence of confidence from buyers looking for homes in the Phoenix area. The confidence can be a...

The $8000 / $6500 Home Buyer Tax Credit is alive and well. As anticipated, President Obama signed the $8,000 first-time home buyer tax credit extension into law on Friday. You can now collect the credit if your home purchase is under contract by April 30, 2010 and is complete by June 30, 2010. Th...