Prescott Arizona Area Foreclosure News

From DS News Home Loan Payment Trends Continue to Deteriorate: Equifax > Prescott Foreclosures Affected > http://bit.ly/81a8hJ #
Moody's Sees Price Declines on Commercial Properties Moderating > Prescott Commercial Values Still Declining > http://bit.ly/78G2BM #

27 new foreclosed or short sale homes came on the market during the week of December 20-December 26, down by more than half from the previous week’s 46. These made up OVER  half of  homes listed in the Prescott Arizona Area MLS system last week at a whopping 63%!  
There were 16 traditional listings that came on the [...]

The MBA mortgage applications index fell 10.7% to 595.8% for the week ending December 18. Both the purchase and refinance indexes fell last week, 11.6% and 10.1% respectively. Recent declines in application activity suggest weaker home sales, however, November existing home sales suggest otherwise. While downside risks in the form of rising foreclosures remain, economists [...]

46 new foreclosed or short sale homes came on the market during the week of December 13-December 19, up quite a bit from the previous week’s 39. These made up OVER  half of  homes listed in the Prescott Arizona Area MLS system last week at a whopping 60%!  
There were 31 traditional listings that came on the market  [...]

Residential Prices Still Falling, Now at July 2006 levels, Integrted Asset Services Reports, Tax Credits Not Enough > http://bit.ly/5vdmGn #

39 new foreclosed or short sale homes came on the market during the week of December 6-December 12, up slightly from the previous week’s 36. These made up EXACTLY  half of  homes listed in the Prescott Arizona Area MLS system last week!  
There were 39 traditional listings that came on the market  last week at an average of [...]

From the AZ Republic: Owners see success with mortgage modifications > http://bit.ly/7wRjbq #
Good News For Prescott AZ Real Estate: Treasury Releases Guidance for Making Home Affordable Short Sales > http://bit.ly/4ScSDI #
From DS News: Short Sale Reforms Receive Mixed Reviews > Will this help homeowners in Prescott and Prescott Valley? > http://bit.ly/7k4rOW #

36 new foreclosed or short sale homes came on the market during the week of November 28-December 5, up significantly from the previous week’s 23. These made up over half of  homes listed in the Prescott Arizona Area MLS system last week!  
There were 31 traditional listings that came on the market  last week at an average of [...]

Sales volume in the distressed home market in the Prescott AZ area is down with 84 homes closing in November.  This compares to 94 homes sold by traditional resales during the same period.  This is 47% of all sales!
The average price per square foot for REO and short sales was $90 and the average time to sell was [...]