Real Estate Stats
30 year fixed mortgage rates near record low this week
30 year fixed mortgage rates have been below 5% for 4 straight weeks now! This week we reached an average of 4.87% for a 30 year fixed mortgage. This is the second lowest recorded 30 yr fixed mortage rate since Freddie Mac began keeping track in 1971. The lowest recorded rate for a 30 yr fixed rate was 4.82% [...]
9Oct2009 | Michele Guss | 0 comments | Continued
Foreclosure tally: Good news and Bad News
I read an interesting quote in a Phoenix Business Journal article, ”Foreclosure tally: Good news and Bad News” dated March 11, 2009. It states, “Market indicators in the Phoenix area show that median home values have remained relatively constant for the past 90 days.” They are expecting this to be the case for the next 6 months and are [...]
12Mar2009 | Michele Guss | 0 comments | Continued
Maricopa County resales jump 33 % as foreclosures push down prices
Click on the following link to read the full story:
http://phoenix.bizjournals.com/phoenix/stories/2009/01/12/daily33.html?ana=e_du_pub
Phoenix home prices declining slower over last 2 months
I just read an article that had some interesting statistics regarding price declines in the Phoenix Metro area. Overall home prices have shown a 22.8% decline from June 2007 to June 2008. Peoria shows the largest decline at 28.1% while Scottsdale/Paradise Valley had the smallest decline at 14%. The article goes on to say that for the [...]
12Sep2008 | Michele Guss | 2 comments | Continued
Phoenix Real Estate Statistics
The Arizona Regional Multiple Listing Service (ARMLS) puts together some pretty nice summary statistics.
Monthly summaries are available for every month from Jan 2005 - last month (the months statistics will be published here approximately two weeks after months end.
Yearly summaries are also available from 2002 - 2007.
Another great decision by FNMA? With so many available properties on the market, why would they want to make ...
But now at least we have a new credit for step-up buyers of $6,500.
The law defines a tax credit qualified ...
We'll see how much of a difference this makes. I hope it makes a difference, but I am not ...
10% Earnest money for cash Buyers. Another example of great decision making at FNMA! With the number of bank ...
Fannie does not have to answer to anyone. The people making the decisions are only trying to do their ...