HOW HAS THE CREDIT AFFECTED THE MARKET The national association of Realtors has reported the rate of home sales for 2009 is 5.24 million. NAR says, the $8,000 First Time Home Buyer Tax Credit has brought 1.2 million buyers into this market. Of that 350,000 would have bought without the credit, therefore the credit has…Read More→
Crdit Suisse "Monthly Survey of Real Estate Agents"
This is a monthly survey I participate in for Credit Suisse. I wanted to share the information. Every thing shows a real estate market improving. The comment below that there is pressure on the high end as entry level home prices increase, is exactly what we are experiencing here in the Phoenix real estate market….Read More→
Metro Phoenix Real Estate Market Update with Jeff Cameron 9/10/2009
Take a look at my real estate market update for September 10, 2009, covering the metro Phoenix and Scottsdale real estate market. I discuss the trends, sales, issues and more. I look at Short Sales, Retail and REO/Foreclosure/Bank owned statistics.
NFL…FOOTBALL SEASON KICKS OFF TODAY!
Hey Hey Hey all you Football Fans, the season is upon us! Right on! I wore my Red today to support the Cardinals! I am anxiously awaiting Sunday’s home opener at University of Phoenix stadium for the Arizona Cardinals verses the San Francisco 49ers! Preseason has been miserable. But I must say, I have been…Read More→
REPEAL OF SB 1271, RECOURSE FOR INVESTORS
Thank God that Governor Brewer signed the legislation repealing SB 1271 here in Arizona. I had reviewed the implications of the law with Mark Winsor, attorney athere in Arizona that specialized in bankruptcy. Mark explained to me how the law was flawed and needed to be repealed. I can’t claim to properly explain it to…Read More→
Jeff Cameron Metro Phoenix Real Estate Market Update For August
I hope you enjoy my Weekly Market update for the Phoenix real estate market. Good news to report about values and home sales. Foreclosure listings continue to decline and banks are approving short sales at 3 times the rate of earlier this year. The real estate market in Scottsdale continues to improve at the…Read More→
SHORT SALE SUCCESS STORY HERE IN PHOENIX
CC called me earlier this year about just walking away from her home. She had lost her job and was behind on the mortgage. It was very depressing and her state of mind was affecting her job search. STOP THE FORECLOSURE I explained that there were several options, but no matter what we wanted to…Read More→
REAL ESTATE PRICES BREAK OUT WITH NEW HIGH IN METRO PHOENIX
I can’t imagine anyone is breaking out the champagne to celebrate in today’s world. However, the reality is we are at a new high with home values for 2009 right now. The real estate market in metro Phoenix has been hit hard due to the mortgage melt down and ensuing REO/Bank Owned/Foreclosure and Short Sale homes…Read More→
WHAT IS A SHORT SALE?
I have many people call me about doing a short sale or asking, “what is a short sale?” When one falls behind on their mortgage, the bank will typically begin the foreclosure process. There are several ways a borrower can stop the foreclosure, such as: bringing the arrearage current, loan modification, bankruptcy, refinance, short refinance…Read More→
Up Coming Bank Owned Property in Grayhawk
Check it out. I just took this video of a new REO, bank owned foreclosure home in Grayhawk. Grayhawk is a golf community located in north Scottsdale. This little piece of real estate is not currently available to the general public. You can be the first to view, tour and write an offer. Our experience…Read More→
Vandelized by Thieves in DC Ranch, check out this Bank Owned REO
This home is the perfect example of why a home owner that is in foreclosure should stay in their home until it is foreclosed on. This REO, bank owned home, was vacated by the owners in March. The bank foreclosed in June. I met with the sellers and believe beyond a reasonable doubt they did…Read More→
Check out This Beautiful REO Bank Owned Home, Smashes Myths about condition
I hear so many people make comments about the condition of Foreclosure homes or as the bank refers to them as REO property, so I made this quick video to show how nice a bank owned home can be. Check out this home in DC Ranch a community in north Scottsdale, near the McDowell Mountains….Read More→
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