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Here is a GREAT article about "The Shadow Inventory" of Foreclosures that many people are talking about. Now I have taken this DIRECTLY from Realtor.com and I am sharing it cause I find it quite useful. For all your buying or selling needs,
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It's BACK!!!!! I really think It's BACK!!!! From all indications, the Sedona AZ Real Estate Market is back in business. We are all busy - and that says alot! Homes are going under contract in droves in all sorts of price ranges. However, the market
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Foreclosures represent 37% of ALL of Sedona’s Sold homes and “Short Sales” representing 10% of our SOLD market. So in actuality, you could say almost ½ of our sold inventory is either a foreclosure or a short sale. Foreclosure
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THE DEFINITION OF A SHORT SALE 101 - SELLER OWES MORE THAN THE HOUSE IS WORTH AND HIRES A REALTOR TO LIST THE HOUSE AND SOLICIT AN OFFER BASED ON THE CURRENT FAIR MARKET VALUE OF THE HOME. OFFER COMES IN AND SELLER PROVIDES FINANCIAL, OR MEDICAL DOCUMENTATION
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Sedona Real Estate Market Overall The Sedona Real Estate market continues its buying frenzy in the mid to lower price sector. In this past 3rd quarter alone, our sold volume was up by a whopping 62% from last year, with Foreclosures or Short Sale accounting
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SEDONA REAL ESTATE MARKET STARTS TO REBOUND! Well some local experts beleive we have hit bottom in our pricing - and from our real estate statistic it seems that we are on the rebound! Currently we have sold 61 properties in Sedona since January with
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Well. There is alot of information to digest. Currently there are 28 homes in Foreclosure in Sedona. Our median Sold price for 08 is $480,000. That figures takes into account the highest sold price and the lowest sold price - it is the median price. That
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Mortgage Rates Plunge Finally, some good news for the mortgage industry! In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS),
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That's the title this week and I think it says it all. It's Thanksgiving. If your a buyer - celebrate around the table, eat your turkey, and go buy a house. Be Thankful. Your time is here. Prices are the lowest they have been in 20 years. There
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SO HERE THEY ARE. WITH ALL THE SPIRALING ECONOMIC MOMBO JUMBO - ALL I CAN SAY IS , "IT'S A GREAT TIME TO BUY SEDONA REAL ESTATE. WHETHER YOU ARE LOOKING FOR A CONDO, AN INVESTMENT PROPERTY, A 2ND HOME - NOW WOULD BE THE TIME. JUST LOOK AT THESE
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Here is hoping the Feds have enough sense to figure this thing out. In the meantime, I thought I would send along some great Economic Indicators provided by a fabulous lender here in Sedona - Linda Rogers of First Metropolitan. It continues to be a great,
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55% of the Sedona Marketplace is comprised of 2nd, 3rd, and 4th home markets. Of that 55% - 80% of our homes are sold in the peak months of the spring (Marrch-Mid June) and the peak months of fall ( Sept- Nov). That being said... now that we are in the
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