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.
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→
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