Real Estate Market Update

More than half exit foreclosure-relief program

by Jeff Cameron September 23, 2010 Real Estate Market Update

Wednesday, 22 Sep 2010
The Associated Press

WASHINGTON – The Obama administration’s flagship mortgage-relief effort is failing to ease the foreclosure crisis as more than half of those who have enrolled have fallen out of the program.

As of August, approximately 680,000 homeowners who applied to get their mortgage payments lowered, or about 51 percent, have been disqualified, …

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US Home Prices Inch Lower In July for Second Straight Month

by Jeff Cameron September 23, 2010 Real Estate Market Update

Wednesday, 22 Sep 2010
Reuters

Prices of U.S. single-family homes fell for a second straight month in July, the Federal Housing Finance Agency (FHFA) said on Wednesday.

The FHFA’s house price index dropped by a seasonally adjusted 0.5 percent after declining by a revised 1.2 percent in June, which was previously reported as a 0.3 percent fall.

The regulator’s …

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10 Real Estate Markets Likely to Appreciate

by Jeff Cameron September 19, 2010 Real Estate Market Update

I saw this article posted this morning and wanted to share it with you.
Daily Real Estate News | September 14, 2010

10 Markets Most Likely to Appreciate
Forbes magazine turned to real estate research firm Local Market Monitor to figure out which markets have the greatest likelihood of price appreciation because they offer a …

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Foreclosures Are Rising, Despite HAFA and HAMP

by Jeff Cameron September 11, 2010 Real Estate Market Update

But of course they are rising. Even though record number of Short Sales are being approved, others are not. There are so many people trying to commit fraud with Short Sales it is forcing the banks to react. Plus now that values have stabilized, banks are countering the price on every Short Sale. Some buyers …

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Good Friday Morning Village at DC

by Jeff Cameron September 10, 2010 Real Estate Market Update

With my hip injury looks like goodbye Spin n hello pool!

Thank you,

Jeff Cameron The Cameron Team Keller Williams Integrity First Realty (480)502-7699 office Your Scottsdale McDowell Mountain Ranch Realtor Specializing in Foreclosure and Short Sale Real Estate Sent from my iPhone

Posted on Arizona REO Bank Owned Homes …

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McDowell Mountain Ranch Real Estate Market Report for August 2010 by Jeff Cameron

by Jeff Cameron September 9, 2010 McDowell Mountain Ranch

McDowell Mountain Ranch Real Estate Market Report for August 2010

Let’s get to the numbers. Currently in MMR there are

97 home for sale up 20% from last month

37 home Pending or under contract, up 5% from last month

but only 9 homes closed escrow in August down 53% from last month

The average price per sf in …

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Real Estate Market Sales Report – The Foothills Tatum n Bell North Phoenix by Jeff Cameron

by Jeff Cameron September 9, 2010 Phoenix

Foothills Neighborhood at Tatum and Bell in North Phoenix Real Estate Market Report for August 2010

Let’s get to the numbers

currently there are 27 homes available for sale, down about 7% from last month

there are 20 homes Pending a contract

and in August 11 homes closed escrow.

there have been 54 homes that closed YTD.

Short Sale and bank …

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Scottsdale Home Sales Report for August 2010 by Jeff Cameron

by Jeff Cameron September 9, 2010 Real Estate Market Update

Scottsdale Home Sales for August 2010

Inventory flat at 2584

Pending down 6% 742

closed down 11.7% to 333

there is a 7.8 month supply of home for sale in Scottsdale

According to Karl Stauffer of Capital Asset Managment under a million has 6.25 month supply and over a million has 26.75 month supply

Something I found interesting in Scottsdale regarding …

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Metro Phoenix and Scottsdale Real Estate Market Report for August 2010 by Jeff Cameron

by Jeff Cameron September 9, 2010 Real Estate Market Update

August Market Report for Metro Phoenix and Scottsdale

Basics

Inventory of SFR 30K up 4%

but last month increased 6% to rate of increase is declining

Pending Homes 13.3K down 5%

but last month it dropped 7% rate is declining

Closed 6,323 UP 5%

breaking the trend caused by the expiration of the tax credit

New Sales, homes under contract in August 5,345 …

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Discussion about Supply Vs Demand in the Metro Phoenix and Scottsdale Real Estate Market

by Jeff Cameron September 9, 2010 Real Estate Market Update

I put this video together to discuss the Metro Phoenix and Scottsdale real estate market. Specifically Supply Vs Demand. I discuss how with about 1.2 million homes in the valley and the fact a normal market has about 3.5% of its homes for sale, we should have 42,000 homes for sale. We don’t, we have …

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