Arizona Residential Housing Market: Update Jan. 20...

      We made it! Yes, we made it through 2011 as another year of a down economy, low home prices, and generally a “when will it end!” mentality in the Arizona housing market. Here is the news you have been waiting for. IT HAS ENDED! The storm has passed and we are now in the clean up year to break loose and move forward. The clean up year is 2012! Bob Major returned to Phoenix in October...

Big Changes Coming! December Market Update

INVESTOR FEEDING FRENZY !! Like my subtitle? I will explain …  but first this, some good news! Here we are already moving into December and pushing the close of 2011. The economy still is struggling but showing a glimmer of recovery in pockets. Elections around the corner. Europe taking a number of hits as their financial and budget crunch overtakes their economies. But yet we had an amazing unexpected shot of “Black...

Strategic Default – Walking away!

I must first preface my upcoming blog remarks with the following disclosure: The views of the this blog are my personal opinions based on numerous personal research. understandings, seminars with Real Estate Lawyers and CPAs, of which none involved me being professionally qualified to offer Legal or Tax advice for your specific circumstance, and therefore I recommend anyone reading this to obtain such Legal and Tax counsel...

Homes in Arizona Looking Good!

With all the home problems in Arizona since the great recession and lets face it, Real Estate crash, there are signs of life, opportunity, and the revised American Dream now popping up all through Arizona!  Sure home prices are tremendously low compared to 2006, but they seem to be stable and are showing signs of trying to push up! Inventory of homes on the market appear to be dropping as are “distressed properties” with...

BofA streamlines Short Sales!

Earlier today, 01/20/2011,  I had the opportunity to be involved with a Webinar where BofA Short Sale Executive Kimberly Dawson unveiled BofA’s new “Cooperative Short Sale” program! This program appears to have the elements of the Government’s (Treasury Department) HAFA  Short Sale program in that BofA will agree to determine an upfront marketing price. Kimberly seems to be promising quick 10 day...

Valley Housing Market Dropping or Not ?

Ok here we go again! July to August home sales DOWN! Foreclosures in August UP vs July! Medium home prices July to August DOWN!  However….. Notices of Foreclosures from July to August down?? So what does all this mean?  SLOW BUMPY RECOVERY with an emphasis on SLOW! The nice little rise we all saw in the first and into the second quarter of 2010 can pretty much be what I like to call an “artificial economic...