Something very interesting going on here in the Phoenix Metro real estate market. Notice the striking changes in the first three days of July. A spike up in short sales. A slight decrease in normal sales. And a drop in foreclosure sales, too. And when you look at the longer six month view, you see: [...]
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phoenix foreclosures
The number, and percent, of third party purchases at Maricopa County Trustee (foreclosure) sales, held at various location around Phoenix, is on the rise. Third party basically means that the property is not going back to the bank holding the note. After a huge drop off from 82.5% of the purchases being made by third [...]
Hard to believe that here in Phoenix, buyers and their Realtors are feeling like there’s a housing shortage. Home buyers are frustrated, because they are making offer after offer, with no success. Investors are grumping that they can’t buy a foreclosure or a fix-up, when they are competing against each other for the dwindling supply of homes. Multiple [...]
Several days ago, I wrote about the much publicized wave of foreclosures that has yet to materialize, Is the REO bubble over in Phoenix?. Later that day, I read Mortgage delinquencies hit record high. We live in a time of uncertainty, and consternation. I’ve spent the past couple of days mulling over the differences between [...]
