by kramoltz@hotmail.com | Feb 26, 2015 | Real Estate Facts & Figures
With great fanfare the real estate media announced that the number of homes on the market in parts of the greater Phoenix area had declined in the last few months. As detailed in Part 1 of this blog, certain cities showed a decrease in the monthly supply of homes for...
by kramoltz@hotmail.com | Feb 26, 2015 | Real Estate Facts & Figures
Time on the market statistics are an important indicator of the health of a real estate market. One of the indicators of a recovery is when the residential resale inventory falls below a six-month supply. This means, on average, homes listed for sale will accept an...
by kramoltz@hotmail.com | Feb 24, 2015 | Real Estate Facts & Figures
Home sales in 2008 will be the worst in a decade – and that is not adjusting for the population growth during that time. Nationwide, the government figures show that home sales declined 8.9% from October to November, and November was down 17% compared to that...
by kramoltz@hotmail.com | Feb 23, 2015 | Foreclosures + Short Sales, Real Estate Facts & Figures
James B. Lockhart, Director of the Federal Housing Finance Agency today released the first monthly Foreclosure Prevention Report, which provides comprehensive monthly data on the loan modification efforts of Fannie Mae and Freddie Mac. Fannie Mae’s HomeSaver Advance...
by kramoltz@hotmail.com | Feb 23, 2015 | Real Estate Facts & Figures
And you thought real estate sucked? According to an article in the Arizona Republic this weekend by Russ Wiles, stock values overall have gone nowhere since the late 1990s. This is a rare occurrence, and hasn’t happened since the stagflation days of the late...
