I have a short sale listing that’s scheduled to close today, so I’m inspired to take a look at the Scottsdale real estate market, relative to short sales. In the chart above, you can see that Scottsdale short sale listing activity have been really consistent over the past year. With about 400-500 homes listed in [...]
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lender owned
I just published a post over at Click2AZ.com on the current foreclosure situation in the Phoenix Metro area. Mike Orr at the CromfordReport.com has done some number-crunching to keep us in the know. Is the REO bubble over in Phoenix? .
Mike Orr loves his numbers, even more than I do. Last week he published an interesting article on “shadow inventory” on his subscription site, www.CromfordReport.com. While I could add my two cents to Mike’s analysis, I think he’s done such a thorough job that I’ll include the full article. Shadow Inventory? Some analysts have written [...]
Here’s a couple photos of a foreclosure property in Phoenix. And a view from the upstairs loft. Photo credit: D. Patrick Lewis What can you say? Mostly we are speechless. If you are buying a bank-owned home, please, please, please, do yourself a favor and get a home inspection.
I get a tremendous number of phone calls from buyer’s agents every day, all with the same two questions, over and over. “Is this property still available?” How many offers?” And the statistics say that we are in a seller’s market, at least when it comes to lender owned properties in Phoenix. We’ve dropped from a 4.7 [...]
