Number of Active & Sold Listings in the Phoenix-Metro Area (1/31/2010)

I will be posting the number of active listings in ARMLS (Arizona Regional Multiple Listing System) covering the Phoenix-Metro Area each week. Check back each week to see the updated numbers:

Total Active Listings - 34,880 (-23)

Single Family Detached - 27,354 (-4)
Patio homes - 732
Townhouses - 2,609
Apartment Style - 2,526
Gemini/Twin Homes - 311
Manufactured/Mobile Housing - 1,205
Modular/Pre-fab - 30
Loft Style - 113

Total Sold Listings (2010) - 5,626 (+1,990)

Single Family Detached - 4,824 (+1,720)
Patio homes - 70
Townhouses - 301
Apartment Style - 286
Gemini/Twin Homes - 35
Manufactured/Mobile Housing - 102
Modular/Pre-fab - 4
Loft Style - 4

Foreclosure plague: 2009's worst-hit cities - Jan. 28, 2010

"Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and Arizona.

Las Vegas had the largest number of foreclosure filings of any city last year, with 12% of its households receiving at least one during the year, according to RealtyTrac, the online marketer of foreclosed homes. That was more than five times the national average."

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Foreclosure plague: 2009's worst-hit cities

Home sales fall on tax credit uncertainty

"Home sales last month saw their biggest drop in more than 40 years as buyers left the market because they weren't sure Congress would extend a tax credit for first-time home buyers.

After a surge in sales from September through November, existing home sales tumbled 16.7% in December from November, according to a report Monday from the National Association of Realtors (NAR). That is still 15% above the December 2008 level."

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Home sales fall on tax credit uncertainty

Pending home sales, prices on the rise

"January’s rise in pending home sales is a critical recovery indicator for Arizona’s real estate market, says Mesa analyst Michael Orr.

While that indicates prices are likely to increase, the recovery is expected to be shallow and slow, said the author of the Cromford Report, an online subscription-based resource on the metro Phoenix residential resale market."

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Pending home sales, prices on the rise

Number of Active & Sold Listings in the Phoenix-Metro Area (1/24/2010)

I will be posting the number of active listings in ARMLS (Arizona Regional Multiple Listing System) covering the Phoenix-Metro Area each week. Check back each week to see the updated numbers:

Total Active Listings - 34,903 (+210)

Single Family Detached - 27,358 (+186)
Patio homes - 748
Townhouses - 2,628
Apartment Style - 2,513
Gemini/Twin Homes - 313
Manufactured/Mobile Housing - 1,192
Modular/Pre-fab - 29
Loft Style - 122

Total Sold Listings (2010) - 3,636 (+1,206)

Single Family Detached - 3,104 (+1,039)
Patio homes - 40
Townhouses - 207
Apartment Style - 185
Gemini/Twin Homes - 26
Manufactured/Mobile Housing - 70
Modular/Pre-fab - 2
Loft Style - 2

44 Monroe luxury condos in Phoenix on the road to foreclosure

"Most of the units in 44 Monroe, the swank, 196-unit luxury high-rise could be headed for foreclosure. The bank has filed a notice of trustee's sale, the first step toward taking over 182 unsold condos.

The units are scheduled to be sold to the highest bidder on April 14, according to county documents. A notice of trustee's sale doesn't always end in foreclosure but it's a signal that the project has serious financial problems."

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44 Monroe luxury condos in Phoenix on the road to foreclosure

Number of Active & Sold Listings in the Phoenix-Metro Area (1/17/2010)

I will be posting the number of active listings in ARMLS (Arizona Regional Multiple Listing System) covering the Phoenix-Metro Area each week. Check back each week to see the updated numbers:

Total Active Listings - 34,693 (+483)

Single Family Detached - 27,172 (+403)
Patio homes - 745
Townhouses - 2,597
Apartment Style - 2,515
Gemini/Twin Homes - 319
Manufactured/Mobile Housing - 1,196
Modular/Pre-fab - 30
Loft Style - 120

Total Sold Listings (2010) - 2,430 (+1,156)

Single Family Detached - 2,065 (+980)
Patio homes - 33
Townhouses - 135
Apartment Style - 129
Gemini/Twin Homes - 18
Manufactured/Mobile Housing - 47
Modular/Pre-fab - 1
Loft Style - 2

Foreclosures hit record high in 2009

"Almost 3 million homeowners received at least one foreclosure filing during 2009, setting a new record for the number of people falling behind on their mortgage payments.

RealtyTrac, the online marketer of foreclosed homes, reported that one in 45 households -- or 2,824,674 properties nationwide -- were in default last year. That's 21% more than in 2008, and more than double 2007's total."

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Foreclosures hit record high in 2009

Foreclosure filings in 2009

"The number of homes receiving foreclosure filings is skyrocketing across the country."

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Foreclosure filings in 2009

Peoria, HOA near showdown over $570K unpaid water bill

"The Peoria Finance Department has rejected the Desert Harbor Home Owners Association's protest of payment on a more than $570,000 water bill, an accumulation of over two years of non-payment.

The city has now given the HOA until Jan. 29, extended from Jan. 15, to call for an administrative hearing or to risk having its non-potable water source shut off, as is the process with any other delinquent bill.

Bud Levey, the Desert Harbor HOA president, said he wasn't surprised by the city's denial. He said the association will take the next and final step with the city to fight the bill."

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Peoria, HOA near showdown over $570K unpaid water bill

Signed home sales contracts plunged in November

"Homebuyers abandoned the market in droves during November: They signed 16% fewer sales contracts than the month before.

This marks the first decline in the National Association of Realtors (NAR) Pending Home Sales index, released Tuesday, after nine straight months of gains. The drop also exceeded analysts' expectations: A panel of experts from Briefing.com had forecast a 2% decrease."

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Signed home sales contracts plunged in November

Number of Active & Sold Listings in the Phoenix-Metro Area (1/12/2010)

I will be posting the number of active listings in ARMLS (Arizona Regional Multiple Listing System) covering the Phoenix-Metro Area each week. Check back each week to see the updated numbers:

Total Active Listings - 34,210 (+25)

Single Family Detached - 26,769 (+150)
Patio homes - 731
Townhouses - 2,568
Apartment Style - 2,491
Gemini/Twin Homes - 324
Manufactured/Mobile Housing - 1,178
Modular/Pre-fab - 30
Loft Style - 120

Total Sold Listings (2010) - 1,274 (0)

Single Family Detached - 1,085 (0)
Patio homes - 15
Townhouses - 72
Apartment Style - 72
Gemini/Twin Homes - 6
Manufactured/Mobile Housing - 23
Modular/Pre-fab - 0
Loft Style - 1

Housing may be headed for double-dip

"The number of people preparing to buy a home in November fell sharply in the latest sign that the housing market, which had been rebounding strongly, may be headed for a "double-dip" downturn over the winter."

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Housing may be headed for double-dip

3 reasons home prices are heading lower

"After four months of gains, home prices flattened in October. Worse yet, industry insiders think that they'll soon start to fall.

Prices have risen more than 3% since May, according to S&P/Case-Shiller.

But most forecasts predict price declines in 2010, with possible losses ranging from anywhere from 3% on up. Fiserv Lending Solutions, a financial analytics firm, forecasts that prices will fall in all but 39 of the 381 markets it covers, with an average drop of 11.3%."

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3 reasons home prices are heading lower

Signed home sales contracts plunged in November

"Homebuyers abandoned the market in droves during November: They signed 16% fewer sales contracts than the month before.

This marks the first decline in the National Association of Realtors (NAR) Pending Home Sales index, released Tuesday, after nine straight months of gains. The drop also exceeded analysts' expectations: A panel of experts from Briefing.com had forecast a 2% decrease."

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Signed home sales contracts plunged in November