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Well, with all the foreclosures surrounding our country - I have been saying for months that the only way out of this thing is for the FEDS to step in and re-tool everyone's current mortgage - otherwise, why should ANYONE Hang onto a home that they
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The average interest rate for 30-year mortgages has fallen to the lowest level since Freddie Mac began compiling its weekly survey in 1971, declining to 4.71 percent this week from 4.78 percent a week ago. That is great news for the entire real estate
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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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Well. the Sedona Home Sale Market Place is slowly inching it's way back up. For the end of May - the Median sold price was $426,000. down by 16% from last year at this time, but up substantially from our record low point of this past January at $341,500
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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, OUR MARKET IS HITTING UP - WITH MORE HOMES GOING UNDER CONTRACT SINCE 2006. IN FACT PENDINGS SALES ARE TRIPLE OF WHAT THEY WERE SINCE THIS PAST DECEMBER. WITH THE FEDS FINALLY GETTING IT RIGHT BY HELPING BANKS SHED THEIR TOXIC ASSETS - BANKS CAN
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Well.. it has finally happened. The Sedona Real Estate Market has bottomed out. That happened in January at $341,500 - for a median price. Currently for the Months between January and March of 09 - Median Price Point is $427,000. We are having a significant
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I'M BACK. SO AFTER A FAMILY EMERGENCY.... I AM BACK IN THE SADDLE AND HAVE THE LATEST STATS FOR THE SEDONA MARKETPLACE. FORECLOSURE STILL DOMINATE OUR MARKET PLACE. HALF OF EVERYTHING GOING UNDER CONTRACT IS A FORECLOSED OR A SHORT SALE PROPERTY.
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WELL... TOMORROW - TUESDAY FEBRUARY 10TH... WILL BE A TELLING DAY. LET'S SEE IF THE GUYS AND GALS UP ON CAPITAL HILL CAN FINALLY GET IT TOGETHER AND VOTE ON A STIMULUS PACKAGE WHICH INCLUDES HELPING THE HOUSING MARKET. IF YOU HAVEN'T YET.... I
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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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Happy New Year to you all! For one of my many New Year resolutions... I have decided to be more honest and fourthright with people. So Here is my truthful advice for all people reading this blog. BUY something! A Home.... an investment property... or
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The Vacant Land Market continues it's Buyer's March. There have been 50 sold lots in Sedona from January to December. That represents a decrease of 21% from 07. The median Sold price is $309,000 - that represents a 9% decrease over 07. There are
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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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What are you waiting for? Xmas? If so, it is right around the corner and is a golden opportunity to buy. Take it from Warren Buffet - "Buyer's buy when Seller's are desperate". Don't wait any longer. For by you waiting - the next
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