Phil DePasquale's (sedonarrealtor) Blog

Month of Januray: 13 Residential Home Sales - Average $386,000   4 Vacant Land Sales   Month of February: 14 Residential Home Sales - Average $601,000   3 Vacant Land Sales   Month of March: 33 Residential Home Sales - Average $614,000   6 Vacant Land Sales   Month of April: 24 Residential Home S...

In his latest column, NMN executive editor Paul Muolo argues that the timing of a recovery in the mortgage business is linked to the price of oil.  All things being equal, contrarians (of which I'm one) might say, this could be a good time to actually enter the mortgage business. But there is an ...

Regardless of "Good" or "Bad" financial market news this week, looks like the 30 year Conforming fixed note will most likely hover higher in the short term between 6.25 to 6.625 percent for the rest of this week and most of next week.  The 3/1 Conforming ARM has also risen and should stay in the ...

Over 700,000 in Foreclosure... One in every 483 households in the United States was reported to be in the foreclosure process during May as activity increased 48 percent from a year ago, the highest rate since RealtyTrac began issuing its report back in January 2005. It was the 29th month in a ro...

In an e-mail sent out today to business partners, Indymac warned about and provided general guidance regarding the "buy and bail" phenomenon allegedly sweeping the industry. The Wall Street Journal brought the problem to light recently that explained how underwater borrowers are purchasing nearby...

Governor Janet Napolitano announced today the latest effort in a series of state initiatives to better serve Arizona families facing foreclosure. Homeowners who are either delinquent on their mortgage or face foreclosure now have a new, dedicated 24/7 toll-free help line to reach a local Arizona ...

Summer's Hot but it's Cool in Sedona! It's not too early to think about escaping the heat of summer. Although Arizona is not usually thought of as a cool weather destination there areas of Arizona that offer a respite from the hot desert climates. Folks in Phoenix, Tucson and Las Vegas visit Sedo...

The "Journey of the Crystal Skull Guardian" exhibit will visit the Angel Valley Spiritual Retreat Center in Sedona, September 26-28, 2008. This event is for everyone who is interested in Crystal Skulls. Awareness and fascination with Crystal Skulls has been increasing rapidly with the release of ...

NAR: Homebuyer tax credit will aid housing recoveryWASHINGTON - June 9, 2008 - The National Association of Realtors® testified Thursday that a temporary tax credit would be the best incentive to move hesitant homebuyers into the market. NAR based its support on the success of a 1975 temporary tax...

The unemployment numbers released late this week surprised most economists, causing a huge sell off across all major financial markets. The nation's unemployment rate hit 5.5%, jumping .5% in one month, one of the largest single jumps in U.S. history. The 5.5% unemployment figure represents the h...