Worth watching…not an endorsement or opposition, just presenting information for you to digest.
Posted in foreclosures, real estate information, real estate market conditions, Real estate trends, scottsdale real estate, short sales, tagged Arizona homes, Arizona real estate, banking, federal regulation, financial crisis, foreclosure, foreclosures, home buying, home selling, housing information, housing market, market conditions, real estate, real estate information, real estate trends, selling your home, short sales, susan talarico on September 26, 2012|
Posted in Arizona life, foreclosures, real estate information, real estate market conditions, Real estate trends, scottsdale real estate, short sales, tagged arizona, Arizona homes, Arizona real estate, banking, Cromford report, financial crisis, foreclosures, Full service Realtor, home buying, home selling, homes for sale Arizona, housing information, market conditions scottsdale, phoenix real estate, real estate market conditions, real estate news, real estate trends, realty executives, scottsdale real estate, selling your home, shadow inventory, short sales, susan talarico on September 19, 2012|
Here is the Foreclosure Data through the end of August 2012.
1. Active Notices of trustee sale for residential properties as of the end of August 2012 were 14,999 units. Down from last month of 16,018. Down from the all time high of December 2009 of 47,606.
2. Residential Foreclosures were at there all time high in March 2010 at 5,451. Residential foreclosures were 2517 last month. This was up by 644 units from July.
3. The residential REO properties are sitting at 5,970 vs. last month of 5,453. Up slightly by 517 units from last month! August of 2011 there were 14,480 REO properties, down 59%! Listed REO properties are approximately 1300 units and pending are 1296. That tells us that there are approximately 3374 properties that are foreclosed but not yet on the market.
4. Short Sales Represent approximately 30% of the total sales and REO’s are down to 14.0%. Normal Sales are at the highest point in the last 5 years. They represent 56% of total sales!
Business continues to be strong. We are in a rare opportunity to buy! Interest rates are very low and prices are still low….. But not for long. REO properties seem to be going away as short sales continue to get approved.
Posted in Uncategorized on September 19, 2012|