Leif Swanson

Real Estate Statistics - November 30, 2009 update:
Bank-Owned Active Listings:  There are only 4,724 active bank-owned foreclosure listings in all of the Phoenix metro area, an increase of 17 over last week.  There has been less than a one-month’s supply of foreclosure listings in the Phoenix metro area for the past 5 months.  [...]

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Real Estate Statistics - November 23, 2009 update:
Bank-Owned Active Listings: There are only 4,707 active bank-owned foreclosure listings in all of the Phoenix metro area, an increase of 100 over last week. There has been less than a one-month’s supply of foreclosure listings in the Phoenix metro area for the past 5 months. [...]

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4.83% fixed mortgage interest rate!!!  Unbelievable but true.  It’s a great time to buy.

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Phoenix Metropolitan Area Real Estate Statistics - October 2009
What is happening with the real estate market in the Phoenix metropolitan area? What changed in October 2009?
[click on the charts to expand]
1) Did the number of sales go up? Compared to September 2009, no they did not. But October 2009’s sales of 8,121 were [...]

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Real Estate Statistics - November 16, 2009 update:
Bank-Owned Active Listings: There are only 4,602 active bank-owned foreclosure listings in all of the Phoenix metro area, a decrease of only 12 over last week. There has been less than a one-month’s supply of foreclosure listings in the Phoenix metro area for the past 5 months. [...]

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NEW LAW EXTENDS/TWEAKS CREDIT FOR HOME BUYERS
Under the new law, the $8,000 credit for First Time Home Buyers (i.e., anyone who did not own a place they lived in for at least three years earlier) has been extended for purchase of homes under contract by April 30, 2010, and which are actually purchased (and ready [...]

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Real Estate Statistics - November 9, 2009 update:
Bank-Owned Active Listings: There are only 4,614 active bank-owned foreclosure listings in all of the Phoenix metro area, an increase of nearly 200 over last week. While this might seem as gloomy news, it’s actually welcomed; there are still about 5-6 buyers for every new foreclosure listing. [...]

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The news doesn’t get any bigger than this!
Fannie Mae announced today (news article) that they will allow some borrowers of Fannie Mae mortgages to rent their homes from Fannie Mae instead of letting the houses go to foreclosure.  They’re calling it a “Deed For Lease” program.
Rent will be determined at fair market value.  [...]

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Real Estate Statistics - November 2, 2009 update:
Bank-Owned Active Listings: There are only 4,423 active bank-owned foreclosure listings in all of the Phoenix metro area. This number is nearly identical to where it was two months ago. Banks continuing to hold back on releasing foreclosure listings at a time when the market can [...]

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