Sorry to be a little late on this report but I noticed on Sunday that it the Maricopa Arizona homes for sale market experienced it's second straight week of an inventory drop and I wanted to see if this was sustained before I commented. Sure enough, I checked the inventory again this morning and
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03/26/2013
Maricopa Arizona Homes for Sale - Weekly Housing Market Report 13MAR13 A slight upsurge in buying activity caused the inventory to drop slightly last week. Buying activity has been very sporadic during the first quarter of 2013 and is well behind the pace of the past few years. Patti and I have b
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03/15/2013
Maricopa Homes for Sale - Refinance options Almost 1.1 million mortgages were refinanced in 2012 through the Home Affordable Refinance Program (HARP) beating government estimates. This program is for homeowners that have FNMA or FMAC (Fannie Mae and Freddie Mac) backed loans and is available even
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03/12/2013
During a speech at the Mortgage Bankers Association’s Mid-Winter Housing Finance Conference, Federal Reserve Board Governor Elizabeth A. Duke said that "recent gains in the housing market will continue and perhaps even strengthen." Her comments were based on the Feds feeling that the influx of di
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03/12/2013
Not a lot of changes going on this past week. Inventory remains relatively stable as pending sales are keeping pace with the new inventory coming onto the market. Since there is only about another month and a half of seasonal buying activity remaining, there is little doubt that the buying "frenz
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03/07/2013
This is an excellent article that underscores a few of the points I made in my last post "Distressed Sales Make Up 43% of Home Sales in 2012". In the homes for sale market in Maricopa Arizona, the increase in values is being fueled by just such a thing however it is mostly drive by local investor
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02/28/2013
The following article from RealtyTrac reported that 43% of homes sales in 2012 were from dirstressed sales, 22% from foreclosures and 21% from non-foreclosure short sales. This was a 6% decline over 2011. Although this is a signifigant number, it doesn't really tell the whole story, especially in
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02/28/2013
After a brief decline the 2nd and 3rd weeks of January, inventory of active homes for sale in Maricopa Arizona continues to hover just below the 500 mark. Althought he sesonal buyers appear to be back in town (as you can tell by all of the out of state/country licnense plates), there appears to b
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02/28/2013
