I just read an article from the Phoenix Business Journal regarding homes prices. Everyone is always wondering when the real estate prices will have hit bottom. That is something we can’t tell until prices have started to increase and we are past the bottom. We have seen greater competition by buyers in the market place...
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East Valley
Real Estate Market
Phoenix Area Home Prices Starting to Increase
Homes Sales 2009 Results for Phoenix Area
55% more homes were sold in 2009 than 2008 in the Greater Phoenix area through ARMLS. ARMLS is the Arizona Regional Multiple Listing service and includes single family homes, townhomes, and condos sold through real estate agents. The number of listings available for sale at the end of 2009 were 16,574 less than at...
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First Time Tax Credit
You’ve bought your new home and amended your tax return and now you wait. And wait. 1.4 million tax payers are waiting with you. According to the Daily Real Estate News, the IRS is experencing higher than normal the number of amended returns and that the IRS does these returns by hand, hence long...
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Phoenix Area Housing Market is Improving
Some people think the Phoenix area housing market hit bottom around April of this year. That may well be the case. We won’t know for sure for at least another six to twelve months. We do know that the number of homes sold in the Phoenix area has been higher this year than last....
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New Tax Credit for Current Home Owners Buying a New Home
The President signed the legislation to expand the first time home buyer tax credit to include current home owners on Friday 11/6. Here is some basic information about the credit. What is a tax credit? A tax credit differs from a tax deduction in that the amount of the credit is deducted from the...
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First Time Home Buyer Tax Credit Extended
The President signed the legislation to extend the first time home buyer tax credit on Friday 11/6. There are a few changes and this is different from the 2008 first time home buyer tax credit. Here is some basic information about the credit which includes the changes and the extension. What is a tax credit?...
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Phoenix Area Homes Sale – August 2009 and Prior Year
Sales of existing homes were up 44% over August of the prior year. The number of existing homes available has continued to shrink from 55,458 in August 2008 to 38,000 in August of this year. These are both good signs that the housing market is continuing to improve in our area. This data is supplied...
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July 2009 – Phoenix Real Estate Sales Gains Continue
Sales of existing homes continued to be strong in the Phoenix area in July. The number of homes sold through the MLS in the Phoenix regional area was up 54% in July over the same month last year. The amount of inventory available for buyers has continued to shrink from a high of 60,625...
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Market Bottom?
“We’ve found the bottom,” said Mark Fleming, chief economist for First American CoreLogic, a data firm. Quote from a New York Times Article about the national housing market. Read the whole article by clicking on the link below. New York Times Article – Recovery Signs in Housing Market Stir Some Hope
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Home Sales up in June
Good news home sales were up in the Greater Phoenix area in June! This data is supplied by the Arizona Regional Multiple Listing Service. ARMLS, West USA, and Pat & Amy Monahan do not guarantee the accuracy of the data.
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