Real Estate Market

ASU Report on Housing Market

05/14/2008
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Realty Studies from ASU’s Polytechnic Campus posted a housing report on May 13Th which shows some positive news. April had 5,585 recorded sales a 15 % increase over the 4,855 sales in April of 2007 and an increase of 29% over the 4,335 sales in March of this year. One of the factors driving...

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Has the Housing Market Reached Bottom?

05/09/2008
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There was an interesting opinion column in the Wall Street Journal on 5/6/08, The Housing Crisis is Over. I recommend that you read the article. Everyone always wants to know when the market has hit bottom because they want to time the market perfectly. However, we all know that few of us ever get...

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February Market Statisics

03/26/2008
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February Market Statisics

February sales increased over January which many are saying is a positive sign for the housing market. The AZ Republic article After Months of Declines, Home Sales Up indicates that sales of existing homes increased 10.7% from Janaury to February this year for Metro Phoenix. For homes and condos sold by members of the...

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January 2008 Market Statistics

03/07/2008
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January 2008 Market Statistics

These statistics are for the homes sold by members of the Southeast Valley Association of REALTORS® (SEVRAR). They will include sales of homes in the greater Phoenix area that were made by SEVRAR members. Even so, these statistics should be fairly representative of what is happening in the East Valley. Data is provided by...

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Market Statistics – Number of Sales

01/31/2008
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Market Statistics – Number of Sales

Here are some additional statitics for you to consider. Today’s charts represent the number of sales each month from 2003 through 2007. These listings are those held by members of the Southeast Valley Association of REALTORS. They may include sales which these agents had in the greater Phoenix area outside of the Southeast Valley....

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Market Statistics – Number of Listings

01/24/2008
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Market Statistics – Number of Listings

You see a lot of different statistics being quoted about the real estate market in the press. Sometimes it can be difficult to make sense of it all. So, we’ve prepared some charts for you. Today’s charts represent the number of listings each month from 2003 through 2007. These listings are those held by...

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Federal Reserve Cuts Interest Rates

01/22/2008
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The Federal Reserve Board today announced that it is cutting the federal funds rate by .75 percent, from 4.25 to 3.5 percent. This could affect the interest rate you pay on: a home equity line of credit, a variable rate home loan, credit cards, and other debt. This should also trickle down to help...

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Housing Market Facts

01/18/2008
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The National Association of REALTORS® has launched a new site http://www.housingmarketfacts.com/. This site helps to bring perspective to the housing market. Historically the housing market has had its ups and downs but in the long term home ownership can be very worthwhile. Here a few facts from the site: Over the past 30 years...

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Where Have All the Realtors Gone?

01/10/2008
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Oh, there’s still plenty of us around. But, not as many as a few years ago. I just read an interesting blog post from John Hall & Associates about how there are less and less Realtors renewing their memberships in Real Estate Associations and their ability to use the lockbox system. Now, you can...

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