Late Mortgage Payments Down Significantly

Equifax’s June edition of its National Consumer Credit Trends Report shows a sharp decline in the number of delinquent mortgage  balances.

By |June 27th, 2012|General|0 Comments|

Phoenix Foreclosures Continue To Fall

In a new report released by data research  firm Core Logic, the foreclosure rate in Phoenix has continued to fall.

Homes Are Getting Bigger

Homes are getting bigger. Does that mean the housing market is getting stronger? Newly released data from the U.S. Census Bureau shows homes are growing in size. In fact we may see a high water mark in 2012. According to this article, homes are typically built smaller in times of economic downturn and larger during times of prosperity.

By |June 19th, 2012|General|0 Comments|

Arizona #3 in Construction Job Growth

The latest data from the Bureau of Labor Statistics shows Arizona enjoyed the 3rd highest spike in construction job growth in May, trailing only Texas and California.

Housing Starts Slow But Permits Rise

A recent report by the U.S. Department of Commerce states a decline in housing starts due to the slowdown in the apartment and multi-family sector. However there was an increase in permits, which is an indicator of future starts, and also single family housing starts currently underway.

By |June 19th, 2012|General|0 Comments|

New Report Shows Phoenix Area Homes Sales Rising

A recent report from a Phoenix area title company shows the Phoenix housing market continues to pick up steam. The report released by Grand Canyon Title Agency, Inc. also shows a sharp decline in the number of foreclosures.

By |June 12th, 2012|General|0 Comments|

Foreign Purchases of U.S. Homes up 24 Percent

Between March 2011 and March 2012, U.S. homes sold to foreign buyers rose 24 percent, with 51 percent of the purchases by foreigners occurring in Arizona, California, Florida and Texas.  Read more…

Zillow Says Housing Market Should Bottom Out By 2013

Zillow says the housing market  has hit bottom in more than half the metro areas on its tracking list, but believes there’s still a way to go for areas that continue to decline.

By |April 26th, 2012|General|0 Comments|

U.S. Home Prices Fall For 6th Straight Month But Phoenix Bucking The Trend

According to the Standard & Poor’s/Case-Shiller home-price index, U.S. home values have declined for six consecutive months, but cities like Phoenix, San Diego and Miami are seeing prices rise.

Is The Global Housing Market Due For Correction?

According to Arizona based consultant Ben Jones, countries like China and Canada could be in for a housing market correction that could shake the globe.

By |April 17th, 2012|General|0 Comments|