A growing number of homeowners are doing what was once unthinkable – strategically walking away from mortgages, and the trend is showing huge signs of increasing with the approval of academia. A consulting company working for financial institutions, Oliver Wyman estimates that 16% of current foreclosures are of mortgage borrowers intentionally walking away, choosing to… Continue reading Huge Rise in Walkaways
Category: Arizona
arizona housing market
Markets on the Mend in Time for Christmas
By Kevin Chiu It’s the season of comfort and joy, Christmas trees and Santa Claus flying down the chimney. All of us wish for World Peace. We hope for a New Year that will be better than 2009 when the World’s financial system nearly blew up on Wall Street. In the face of all the… Continue reading Markets on the Mend in Time for Christmas
Housing Shows Stabilization
By Mike Colpitts More than four years after beginning its downturn, many housing markets are stabilizing. Stabilization is key and the first step in the recovery process as markets settle from the worst housing crash since the Great Depression. The long-running housing depression is far from over, but there are more indications that stabilization is… Continue reading Housing Shows Stabilization
New Record in Foreclosures Set
The foreclosure epidemic reached a new milestone in July setting another record, according to the RealtyTrac monthly report. Foreclosure filings were reported on 360,149 properties nationwide, rising 32% from one year ago. “July marks the third time in the last five months where we’ve seen a new record set for foreclosure activity,” said James J.… Continue reading New Record in Foreclosures Set
Arizona Housing Market Predictions
Let’s take a look at the Arizona housing market and what you can expect from it in the coming year. Housing markets can be unpredictable. One year, it’s a buyer’s market. The next, it could be a seller’s market. One thing that’s guaranteed about the property is that nothing is guaranteed. While you can never… Continue reading Arizona Housing Market Predictions
2016 Arizona Housing Market and Real Estate Predictions
Arizona, the Grand Canyon State, is the 48th state to become part of the United States. A size of 113,990 square miles makes it the sixth largest state by size. A population of 6,410,979 places Arizona 14th in population in the United States. Arizona is known for warm, sunny weather throughout the year. The state’s… Continue reading 2016 Arizona Housing Market and Real Estate Predictions
2015 Arizona Housing Market Predictions
Once the epitomic example of the housing market crash, the Arizona housing market is now one of the stronger markets in the country. Increases in home construction and sales can be seen throughout the state. Most representative of the health of the Arizona real estate market is Phoenix, which has made a complete roundabout. Instead… Continue reading 2015 Arizona Housing Market Predictions
2014 Arizona Housing Market
Arizona’s housing market took a harder hit than most other states during the recession. That fact is no longer news to us. The state is still a good two or three years away from making a full recovery to pre recession economics. Most reports predict a surprisingly stable and balanced 2014 Arizona housing market. By… Continue reading 2014 Arizona Housing Market
The Best Real Estate Markets 2013
When considering which real estate markets are the best, it is wise to look at home sales among other aspects as this number often reveals a thriving real estate market. Below is a list of the top 25 real estate markets in America today from the least to the greatest: Oklahoma City, Oklahoma: According to… Continue reading The Best Real Estate Markets 2013
70 US Cities Forecast with Higher Home Prices
By Mike Colpitts Nearly mid-way through the year 70 U.S. cities housing markets are forecast to recover in 2012, and some of them are already making successful inroads on their way with appreciating home prices. The cities include five that were forecast by Housing Predictor at the beginning of the year to appreciate in value,… Continue reading 70 US Cities Forecast with Higher Home Prices