by Catherine Reagor – May. 28, 2011 12:00 AM The Arizona Republic Metro Phoenix has a “shadow inventory” of nearly 100,000 homes, the kind that market watchers sometimes fear could flood the region’s long-suffering housing market and drive down prices. These homes are either in foreclosure or the owners are behind on their mortgage payments, [...]
by J. Craig Anderson – May. 25, 2011 07:14 PM Arizona Republic Investors in the housing market remain bullish about their chances for turning a profit, according to results of a survey issued today by online real-estate firm Move Inc., based in Campbell, Calif. Among their reasons to be optimistic were weak competition from traditional [...]
JOE FERGUSON Sun Staff Reporter azdailysun.com | Posted: Tuesday, May 24, 2011 9:00 am Local second-home owners have long been blamed for fanning the flames of high real estate prices during the last decade. A scarcity of land, local real estate professionals believe, spurred three-way bidding wars among locals, investors and would-be second-home owners over [...]
May 16, 2011 Roughly forty percent of the homes for sale on today’s market are short sales and foreclosures! Distressed properties are well known for their value (a reputation which is sometimes accurate, and sometimes not), but they also have a reputation for causing buyers to become distressed, too! Transactional snafus, last-minute surprises and long, drawn-out [...]
By Les Christie, staff writer May 10, 2011: 12:33 PM ET New York (CNNMoney) — Home prices continued to plummet during the first three months of 2011, falling 4.6% from a year earlier. The U.S. median price, according to the National Association of Realtors (NAR), dropped to $158,700 for a single family house. Condo prices [...]
