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Nextage Realty Professionals

Twitter Weekly Updates for 2009-10-18

By Jerry Cecil, on October 18th, 2009

Feds to Offer Easier Aid, Incentives for Modifications and Short Sales from DSNew.com…a great resource > http://bit.ly/3rfpvN #
Are you ready to change your business > 4 Ways Social Media is Changing Business http://bit.ly/xsskr #
Foreclosures Rise in Housing Top Tiers: Wall Street Journal says rich are suffering too: http://bit.ly/W0bAF #
Arizona's Foreclosure Rate increased 25% [...]

Posted by Jerry Cecil October 18, 2009, 3:54 pm

60% of Performing Borrowers from 2006-2007 are Underwater on their Mortgages

By Jerry Cecil, on October 16th, 2009

Is your Prescott or Prescott Valley Home Like This?

Fitch Ratings-New York-13 October 2009: With a majority of borrowers in U.S. RMBS transactions owing more on their mortgages than their homes are currently worth, negative home equity is preventing sustained improvement in U.S. mortgage performance, according to the new monthly report ‘Fitch RMBS Performance Metrics’ available [...]

Posted by Jerry Cecil October 16, 2009, 5:49 am

U.S. Foreclosure Activity Sets New Quarterly Record, Up 23 Percent From Q3 2008 – Arizona is 3rd Highest

By Jerry Cecil, on October 16th, 2009

RealtyTrac released new data about Q3 foreclosure activity yesterday and once again the numbers continue to grow.  We are seeing this in Arizona, and while Maricopa County (Phoenix area) leads the way, Yavapai County has a not-so-healthy foreclosure rate as well, and banks continue to repossess property especially in Prescott Valley and Chino Valley where newer more [...]

Posted by Jerry Cecil October 16, 2009, 5:31 am

WSJ: Foreclosures Grow in Housing Market’s Top Tiers, In Prescott Too

By Jerry Cecil, on October 14th, 2009

An article came out in the WSJ the other day about how more expensive homes are starting to be foreclosed on as well.  We are definitely seeing this in the Prescott area including Prescott Valley, Chino Valley, and Dew-Humboldt where higher end homes are showing up on the Weekly Foreclosure Report. (Sign Up Here)

This article is [...]

Posted by Jerry Cecil October 14, 2009, 8:48 am

Prescott Arizona area foreclosure market report as of 10-10-09

By Jerry Cecil, on October 11th, 2009

Prescott Area Market Report

25 new foreclosed or short sale homes came on the market during the week of October 4-October 10, down slightly from the previous week’s 28. These made up approximately one in every 3 homes being listed in the Prescott Arizona Area MLS system.  

There were 46 traditional listings that came on the market  last [...]

Posted by Jerry Cecil October 11, 2009, 9:08 pm
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