For the month of July 2008, here’s what the aggregated statistics from the Arizona Regional Multiple Listing Service had to say about the Phoenix real estate and Scottsdale real estate market.
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Active Inventory: 48,361 single family homes & condos
Pending Inventory: 5,292 SF and condos
Sold Inventory: 5,157 units
Median Sold Price (single family): $209,900
Median Sold Price (condo): $164,900
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For […]
Entries from August 2008
Phoenix and Scottsdale Real Estate Sales Update - July 2008
August 17th, 2008 · No Comments
Tags: Housing stats
Tips to Help Avoid Foreclosure
August 13th, 2008 · 1 Comment
The Phoenix real estate market is wide open with exciting opportunities for prospective homebuyers. With astute research and some negotiating, opportunities abound. The downside to any imbalanced market is that the presence of a clear-cut winner also implies the presence of a losing party.Â
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The Scottsdale real estate and Phoenix real estate markets currently face among […]
Tags: Foreclosures/Short sales · Tips and Advice
Scarcity Sells: Scottsdale Luxury Home Sale - $10M Equestrian Center
August 12th, 2008 · No Comments
Scottsdale luxury homes come in all shapes and sizes as evidenced by the recent sale of Wolf Springs Ranch, an 11+ acre equestrian compound listed by a Scottsdale Realtor with Prudential Arizona Properties.
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The highest-priced piece of Scottsdale real estate to sell since 7/1/08, the property is a textbook example of supply and demand at work. […]
Tags: Random Musings
Fannie Mae hammered by $2.3B loss. What now?
August 10th, 2008 · 1 Comment
On Friday, Fannie Mae which, with Freddie Mac, holds or guarantees about 1/2 of all outstanding mortgages, declared a $2.3 billion loss. Analysts had expected a loss of about $0.68/share, a fraction of the reported $2.54, which sent shares of FNMA falling 9% for the day.
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The huge blow is largely attributed to a surge in […]
Tags: Foreclosures/Short sales · Mortgage Reform
Beware of this real estate rental scam!
August 7th, 2008 · 2 Comments
There’s a scam going around that anyone who’s in the market for a rental home should be aware of. Here’s how it works:
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Someone posts a fraudulent ad, usually online where it’s free (like on Craigslist) for a rental property at a smokin’ rate. When an unsuspecting tenant responds to the ad and agrees to rent […]
Tags: Random Musings · Tips and Advice
How to Pick a Good Realtor
August 6th, 2008 · No Comments
One of the largest single transactions you’ll ever complete is the purchase or sale of a home. A multitude of factors play a role in the ’success’ or ‘failure’ of the purchase, not the least of which is your choice for representation. While some choose to navigate the real estate waters without representation, most elect […]
Tags: Tips and Advice
Guest Article: Mortgage Points - Is it worth paying and are there tax benefits?
August 1st, 2008 · No Comments
Here’s another guest article from our friends at MortgageFit.com…
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Mortgage Points – Is it worth paying and are there tax benefits?
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Whether you’re buying a home with mortgage or refinancing, paying mortgage points can help you get a lower rate and save in interest. And if the points are tax deductible, then you’ll save some more dollars […]
Tags: Guest Articles
