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I found this very interesting article on Realtor.com site and wanted to send it out to the Internet. I found this very interesting considering the amount of folks going through the whole foreclosure and short sale process. Everyone is always talking about
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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 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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I feel like it's Christmas -in November. All through Sedona you see realtors bustling around with clients, their fingers busy writing contracts, submitting offers, homes being exchanged between happy buyer's and grateful and happy seller's
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I DON'T USUALLY RE-PRINT OUTSIDE SOURCE MATERIAL. HOWEVER, I FOUND THE FOLLOWING ARTICLE THROUGH MOVECOM AND WANTED TO SHARE IT. SINCE SEDONA IS PRIMARILY A SECOND HOME AND INVESTMENT MARKETPLACE... I FOUND THIS ARTICLE TO BE VERY ENLIGHTINING. THIS
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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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IT'S GETTING SCAREY OUT THERE! SCAREY FOR BUYERS WHO WAIT! ( edit / delete ) WELL, IT'S THAT TIME OF YEAR WHEN GOBLINS AND GHOULS ABOUND. BUT HEY THAT HAS BEEN HAPPENING ALL YEAR IN THE REAL ESTATE MARKET. IN FACT, IT'S BEEN HAPPENING FOR
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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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OK. SO WHO KNOWS IF THE FIRST TIME HOME BUYER’S CREDIT WILL BE EXTENDED. IT IS SET TO EXPIRE ON NOVEMBER 30TH, 2009. SO FOR ALL WE KNOW IT MAY BE EXTENDED OR IT MAY NOT. IF THE FEDS HAD 1/2 A BRAIN OF COURSE THEY WOULD EXTEND IT - BUT YOU NEVER
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Bernake said this past Tuesday - Recession is nearing the end. Home Starts are up. Home solds are up! Home Pendings are up! Unemployment is still high! Stability? Depends on who you talk to - CNN... MSNBC, YOUR FINANCIAL PLANNER, THE CRYSTAL BALL - MAYBE
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In the Sedona Real Estate Market, our market is definitely improving. We are seeing less foreclosures on the market. We only have 23 homes that are foreclosures listed on our MLS. That number also includes condos. Our active listings are down by 27% from
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