Sellers

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Phoenix Foreclosure Statistics for August

I thought you would be interested in the latest foreclosure statistics. In August, Arizona ranks 3rd in the country, behind California and Nevada, for the number of recorded foreclosure filings. RealtyTrac states that ”one out of every 182 households or more than 14,000 homes in Arizona” are in some stage of default. It is important to remember that [...]

13Sep2008 | Michele Guss | 0 comments | Continued
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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
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Survey says: Sellers are still in denial about what their house is worth

Today I am going to write about a topic I am experiencing firsthand…seller denial. I have been considering listing my single family house in Fountain Hills, Arizona for sale. I had not run comparable sales (comps) for my house in quite a while so I entered all the pertinent data about my house into the MLS: square footage, # of [...]

7Aug2008 | Michele Guss | 2 comments | Continued
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Some good news in the re-sale market?

I receive daily e-mail updates from the Phoenix Business Journal. My posts on this blog tend to mimic what I have read that day. 
Today I read an article stating that the Pending Sales Index used by the Natl Assc of Realtors indicates there was a + change  in the past month. While May’s reading was 84.5, the index jumped to [...]

7Aug2008 | Michele Guss | 0 comments | Continued