Housing News from The Wizard of Waz

Real Estate Sales Representative - Wizards of Waz Real Estate
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In this article brought to you by DSNews, Interthinx released fourth quarter numbers that show Arizona passing Nevada as the riskiest state. Phoenix AZ was also mnetioned as one of the top three cities withproperty valuation fraud. Property valuation fraud occurs when a property’s value is manipu...
For those of you who have been believing all the media hype regarding a "housing market rebound", you may want to read the attached article, brought to you by DSNews. In spite of prices rebounding a bit and inventory being at an all time low in my community of Maricopa Arizona, there are still a ...
The downward spiral in active Maricopa Arizona subdivision homes for sale continues and is now threatening to fall below 200 homes. Quite a drop considering there were over 650 homes available at this time last year. A staedy flow of seasonal buyers coupled with the continued slow release of fore...
This ongoing saga may FINALLY be coming to an end as the deadline for a settlement was extended until next Monday. 40 states have already signed on for a settlement that reportedly will have the lenders paying around $25 billion. Most of this money will go towards principal reductions. It remians...
This artcile posted by DSNews cites a survey that claims that the vast majority of real estate professionals (I'm purposely not using the word Realtors) have either lost money or have seen their revenues decline signifigantly since 2008. Without a doubt, the economy and housing market crisis have...
Distressed homeowners in Maricopa Arizona may see some relief in the form of principal reductions. But don't hold your breath! The Obama administration announced that they are making a few changes in the HAMP program. Among them is tripling the incentives they offer to investors that agree to red...
Freddie Mac reported that mortgage rates edged up 10 basis points last week. The 30 year rate jumped from 3.88 to 3.98, the first such increase following a few weeks of record lows. It's hard to sy at this point if this is a trend or an anomoly but it's worth watching. I think we all realize that...
Apparently the housing market in Maricopa Arizona is way ahead of the curve as the inventory of homes for sale is down approximately 66% form the same time last year. This articler, based on statistics from Realtor.com, attempts to paint a picture that the housing market is on the rebound or at l...
This article by DSNews cites a number of conflicting reports about whether or not the litigation between the nation's State Attorney Generals and the five major lenders may be reaching a settlement. It appears that Obama wanted to announce this at his State of the Union address but sources say a ...
The Monday Morning Cup of Coffee is brought to you every week by Housing Wire. This week's issue details an MI company's financial probelms , the latest on stste Attorney Generals litigation with the major lenders and much more. Enjoy! http://bit.ly/AcVus4  

Bill "Waz" Wasowicz

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We live, work, play and know the Maricopa area. We specialize in Short Sales and Foreclosures and love to help any buyer find the right investment or any seller conduct their sale properly and in the right time. Contact us anytime for updates in listings and the latest in short sales and foreclosures in Maricopa AZ homes.