Number of Active & Sold Listings in the Phoenix-Metro Area (1/30/2011)

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 - 36,973 (-471)

Single Family Detached - 30,166 (-432)
Patio homes - 574
Townhouses - 2,565
Apartment Style - 2,107
Gemini/Twin Homes - 302
Manufactured/Mobile Housing - 1,117
Modular/Pre-fab - 34
Loft Style - 108

Total Sold Listings (2011) - 5,532 (+1,823)

Single Family Detached - 4,635 (+1,539)
Patio homes - 64
Townhouses - 387
Apartment Style - 304
Gemini/Twin Homes - 30
Manufactured/Mobile Housing - 106
Modular/Pre-fab - 0
Loft Style - 7

Home price slump deepens

"November home prices continued their latest slump, falling 1% compared with October, according to the latest S&P/Case-Shiller Home Price Index of 20 metro markets.

San Diego was the only market that didn't slip, posting a slight gain of 0.1%. The overall index fell for the fifth straight month and prices are at about the same level they were in mid-2003."

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Home price slump deepens

Number of Active & Sold Listings in the Phoenix-Metro Area (1/23/2011)

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 - 37,444 (+9)

Single Family Detached - 30,598 (+20)
Patio homes - 587
Townhouses - 2,584
Apartment Style - 2,131
Gemini/Twin Homes - 298
Manufactured/Mobile Housing - 1,111
Modular/Pre-fab - 34
Loft Style - 101

Total Sold Listings (2011) - 3,709 (+1,288)

Single Family Detached - 3,096 (+1,084)
Patio homes - 46
Townhouses - 249
Apartment Style - 221
Gemini/Twin Homes - 23
Manufactured/Mobile Housing - 69
Modular/Pre-fab - 0
Loft Style - 5

Shadow inventory threatens housing recovery

"There is a growing glut of foreclosed homes threatening to hit the market over the next couple of years, potentially delaying any recovery.

There were 1.7 million homes either owned by the bank or in some stage of foreclosure at the end of the third quarter of 2010, according to a recent report by Standard & Poor's. It would take 44 months, at the current rate of sales, to sell them off -- a 25% increase from the beginning of 2010. (S&P does not count home loans backed by Fannie Mae and Freddie Mac.)"

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Shadow inventory threatens housing recovery

Number of Active & Sold Listings in the Phoenix-Metro Area (1/16/2011)

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 - 37,435 (+1)

Single Family Detached - 30,578 (+74)
Patio homes - 588
Townhouses - 2,590
Apartment Style - 2,115
Gemini/Twin Homes - 307
Manufactured/Mobile Housing - 1,116
Modular/Pre-fab - 32
Loft Style - 109

Total Sold Listings (2011) - 2,421 (+1,411)

Single Family Detached - 2,012 (+1,189)
Patio homes - 35
Townhouses - 163
Apartment Style - 143
Gemini/Twin Homes - 18
Manufactured/Mobile Housing - 46
Modular/Pre-fab - 0
Loft Style - 4

Number of Active & Sold Listings in the Phoenix-Metro Area (1/9/2011)

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 - 37,434 (+432)

Single Family Detached - 30,504 (+349)
Patio homes - 596
Townhouses - 2,637
Apartment Style - 2,108
Gemini/Twin Homes - 308
Manufactured/Mobile Housing - 1,134
Modular/Pre-fab - 31
Loft Style - 106

Total Sold Listings (2011) - 999 (+986)

Single Family Detached - 823 (+812)
Patio homes - 20
Townhouses - 66
Apartment Style - 58
Gemini/Twin Homes - 7
Manufactured/Mobile Housing - 22
Modular/Pre-fab - 0
Loft Style - 3

Kiss 4% mortgage rates goodbye

"The era of near 4% mortgage rates has ended after a quick rate rise since early November. But some industry experts think that may be a good thing for the flagging housing market.

The average 30-year fixed mortgage rate has risen to 4.86% from 4.17%, according to Freddie Mac's weekly mortgage market survey. In the Bankrate.com weekly survey, the rate has risen to 5.02% -- crossing the 5% mark for the second time in three weeks -- after being as low as 4.42% as recently as early November."

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Kiss 4% mortgage rates goodbye

Bank of America in $3 billion mortgage settlement

"Bank of America has reached a $3 billion agreement with Freddie Mac and Fannie Mae to resolve a faulty mortgage loan dispute involving Countrywide Financial Corp.

Bank of America said that it paid nearly $1.3 billion to Freddie Mac and more than $1.3 billion to Fannie Mae on Dec. 31."

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Bank of America in $3 billion mortgage settlement

Number of Active & Sold Listings in the Phoenix-Metro Area (1/2/2011)

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 - 36,992 (-1312)

Single Family Detached - 30,155 (-992)
Patio homes - 590
Townhouses - 2,582
Apartment Style - 2,093
Gemini/Twin Homes - 301
Manufactured/Mobile Housing - 1,134
Modular/Pre-fab - 34
Loft Style - 103

Total Sold Listings (2011) - 13 (+13)

Single Family Detached - 11 (+11)
Patio homes - 0
Townhouses - 0
Apartment Style - 2
Gemini/Twin Homes - 0
Manufactured/Mobile Housing - 0
Modular/Pre-fab - 0
Loft Style - 113