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More forecast...
Nextage Realty Professionals
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Prescott Area Market Report Sales volume in the distressed home market in the Prescott AZ area is up to a record high this year with 36 homes closing in the first 15 days of June. This compares to 79 homes sold by traditional resales during the same period. The average price per square foot for REO and short sales [...]  Posted by Jerry Cecil  June 16, 2009, 2:09 pmPrescott Area Market Report Twenty-eight new foreclosed or short sale homes came on the market last week, up one listing from last week’s twenty-seven. These made up about one in every 5 homes being listed in the Prescott Arizona Area MLS system which has been fairly constant for a couple of months now. Short Sales: 9/28 are short [...] Posted by Jerry Cecil June 16, 2009, 8:24 amSeveral newspapers thought that a decline in May foreclosures from April’s record high was good news, but a decline off a record is not necessarily healthy. Here’s an article from the WSJ that I thought was a little more appropriate. Here’s a bleak milestone: there’s been more the 1 million foreclosures filed in the U.S. so far [...] Posted by Jerry Cecil June 14, 2009, 8:49 amShort sales are getting more attention and even the Federal Government is adding them as options to its attempts to quell the mess in the housing market. The Obama administration announced new details under its Foreclosure Alternatives Program (FAP) enabling servicers and borrowers to pursue short sales and deeds-in-lieu (DIL) of foreclosure in cases where the borrower [...] Posted by Jerry Cecil June 10, 2009, 4:55 pmPrescott Area Market Report Twenty-seven new foreclosed or short sale homes came on the market last week, up 50% from last week’s 16. These made up about one in every 5 homes being listed in the Prescott Arizona Area MLS system. Short Sales: 12/27 are short sale listings (see yellow highlight). Short sales are starting to make up more [...] Posted by Jerry Cecil June 9, 2009, 8:18 am |
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