Adam Tarr - Phoenix, Scottsdale, Arizona Real Estate Blog

June ARMLS statistics

July 2nd, 2010

HI, June numbers are still being refined, but for residential sales in ARMLS, June ended with 9191 a slight increase from May and less than .1% less than June '09. Average sale price was $180,199 and median was $127K. Average was up from May, median down. The median has fluctuated from $125-130K during the last year.In Scottsdale,June ended with 724 residential closings, up slightly from May' ...

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What is HAFA?

May 17th, 2010

Hi,

Here is a simple explanation of how the Home Affordable Foreclosure Alternatives (HAFA) program works. If you have questions about whether this can work for you, please contact me.

Adam Tarr PC
Citywide Real Estate
Phoenix, AZ
480-236-7374
www.AvoidAZForeclosureToday.com

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Bottom of the market?

May 4th, 2010

Hi,I just received an email from a lender that indicates a policy change on lending. For the past two years, Arizona has been designated a declining market state by investors and mortgage insurance companies. This designation has reduced loan to value maximums on real estate mortgages negatively impacting the real estate purchase market. Investors require mortgage insurance on conventional l ...

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Fannie to pay closing costs!

February 1st, 2010

Hi,Another new announcement at the end of last week from Fannie Mae. This is great for some of the first time buyers out there and anyone looking to purchase a Fannie foreclosed home. Just another reason that makes buying now worthwhile.Check out the press release: http://www.fanniemae.com/newsreleases/2010/4923.jhtml?p=Media&s=News%20ReleasesIt's February one already?!!!Make it a great day ...

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New FHA seasoning rules

January 19th, 2010

At the end of last week a new waiver was announced regarding the 90 seasoning requirement on FHA loans. Since then, every lender has been shouting this from the rooftops to get the word out. I think it is a good thing, but also wonder who this will really benefit. In a way it will benefit us all, but mostly it will benefit the people that have the money to invest.First, for those of you wh ...

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Phoenix area real estate for Canadians

December 5th, 2009

Hi,I have been in Alberta Canada for the last few days doing seminars for Canadians looking to purchase vacation or investment property in the Phoenix area. This time of year we always see an influx of "snowbirds" and vacationers. This year it seems to be bigger due to a very favorable exchange rate and lower prices in our market. Thursday evening I did a seminar in Edmonton, held at the F ...

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What is a loan mod for?

September 10th, 2009

What is a loan modification for?

Adam Tarr PC, Associate Broker
ABR,CDPE,ePro,RSPS
Citywide Real Estate and Investments, LLC
480-236-7374
adam@WeAreAZRealEstate.com

www.WeAreAZRealEstate.com

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August 2009 Phoenix Area Real Estate Market Report

September 1st, 2009

It’s September! The end of summer, and beginning of fall. Here in the desert southwest, we don’t get the great fall foliage, but we are just as happy with the cooler temps. While August was hot and dry, the market did cool slightly, but we still have some positive stats. As expected, sales were down from July. This is typical in August every year, as the weather is hot, people are vac ...

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Buy a foreclosure before it's too late!

August 9th, 2009

Hi, I just read an article from CNNMoney.com that talks about the low inventory levels and rapid sales of REO properties around the country. Although the article doesn't mention the Phoenix area, much of what is discussed is happening here as well. I have mentioned this in my newsletters and blog as well as advising my buyers about the conditions. This market is ever changing and the a ...

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More Phoenix area JulyReal estate Statistics

August 5th, 2009

Hi, I typically try to get market statistics out as early in the month as possible. I gather the info myself from the MLS system and provide data that I think you will find helpful. Inevitably, as soon as I do that I receive other data from title companies and other sources that also shed some light on market conditions. Below is a chart put together by a rep at First American Title. The ...

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June ARMLS statistics

What is HAFA?

Bottom of the market?

Fannie to pay closing costs!

New FHA seasoning rules

Phoenix area real estate for Canadians

What is a loan mod for?

What is a loan modification for?

August 2009 Phoenix Area Real Estate Market Report

Buy a foreclosure before it's too late!

More Phoenix area JulyReal estate Statistics

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