Federal Index Shows Home Prices Rising U.S. home prices rose 0.3 percent in July compared to June, the Federal Housing Finance Agency said Tuesday. The index is 4.2 percent below what it was in 2008 and 10.5 percent off its peak in April 2007. The index excludes most expensive homes from its calculations,...

Once again, the country’s foreclosures are concentrated in just a few states. As reported by foreclosure-tracking company RealtyTrac.com, more than 50 percent of the country’s foreclosure-related actions in August occurred in just four states: * California : 25.76 percent * Florida : 17.4 percent *...

Sold properties are on the rise - and so is the average price!  Does this mean the worst is behind us and the bottom has come and gone? Leave a comment!

ACTIVE (FOR SALE) - 31,384 PENDING (UNDER CONTRACT) - 12,882 FORECLOSURES (BANK-OWNED) - 4,526 SHORT SALES (or pre-foreclosures) - 7,625

What is REALLY going on with Phoenix area real estate?  Here are the statistics as of 8/17/2009 - Properties For Sale in Phoenix-Metro area: 31,383 Lender Owned (foreclosures) for sale: 4,631 Short Sales for sale: 7,364 Properties under contract: 12,602 - 18,641 if you count those still in their inspection...

ACTIVE (for sale) listings are down, SOLDS are up - that spells a correction in inventory level and a fairer supply vs. demand market. Most telling is this chart that shows our extreme buyers market in 2007 with 13 months of inventory on hand: AKA lots of homes to choose from. According to this chart...

Foreclosure-tracker RealtyTrac reports that the number of foreclosures nationwide rose 7 percent on a month-to-month basis last month. However, 3 states dominated the foreclosure list, tallying more foreclosures between them than the rest of the country combined. California : 30.0 percent Florida :...

It is about time! Kudos Guaranty Bank. The simplest way to limit the supply is to eliminate it. Not only does it limit the supply, it detours future dilapidation and possible degradation.

$25k Phoenix Bank Owned Foreclosure Map

The days of rock-bottom housing prices may be reaching an end. According to the National Association of REALTORS, the number of Existing Home Sales fell by a modest 140,000 units last month. It’s the fifth straight month in which home sales straddled the 4.5 million mark. The national housing inventory...