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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Posts Tagged ‘ Real Estate Data ’
Phoenix Area Home Prices Starting to Increase
Phoenix Area Housing Sales Increase in March
March sales of existing homes through the Arizona Regional Multiple Listing Service increased over last year by 18%. Some of this is attributable to the home buyer tax credit which requires a contract by the end of April. We have also seen a number of second home buyers from other states and Canada. Home...
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Housing Prices Stabilizing in Phoenix Area
There have been several articles in the Arizona Republic lately regarding reports on the housing market. It looks like we will hit the price bottom for houses sometime this spring and may have already hit it for foreclosures. Here are a few quotes and some links to the articles. “Overall, the 20-city index (S&P/Case-Shiller...
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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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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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Google Adds Real Estate Data to Maps
Google has added real estate data as an optional display for its maps. Just go to Google Maps and enter an address. Once you have brought up the address with the surrounding neighborhood, click on the “More” tab in the upper right corner of the map. A drop down menu will appear. Click on...
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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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Phoenix Housing Market – Recent Articles
The Phoenix housing market is starting to get a lot of media attention both in Phoenix and in other areas. Here are links to some recent articles that may be of interest to you. The AZ Republic is even reporting some price increases for homes in the area. Amid Housing Bust, Phoenix Begins a...
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A Sign of the Market – Lots of Pending Sales
I came across something interesting today. I pulled up 12 MLS numbers that I had previously pulled up on April 7. At that time they were all active. Now, four of them are “active”, available for sale, one is expired, and the remaining seven have accepted contracts and are pending closing. This is a...
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Recent Articles – Real Estate Market
Below are links to several recent articles about the Phoenix real estate market that indicate that things are improving. We have seen an increase in buyers looking for properties since the beginning of the month. We don’t know if this is due to the low prices, people receiving income tax refunds, the 2009 Tax Credit...
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