Monday, June 25, 2012

Lots of news over the last few weeks.
  • Maricopa County Single Family homes, 7,837 are active and on the market this morning; 14,826 are under contract (Pending/AWC) and from 1/1/2012 there have been 39,875 sold.
  • For Multifamily property, 211 are active, 131 under contract and 347 have been sold this year.
  • National Median existing home prices rose 7.9% to $182,600 from a year ago in May.
  • Distressed home sales (foreclosures and short sales), account for 25% of May sales.
  • All Cash sales slipped to 28% from a year ago 29%.
  • 30 year mortgages have dropped to a record low for the 7th time in 8 weeks. Rates are at 3.66%
Interesting article in the Washington Post on Friday about appraisals. Worth taking a look  http://tinyurl.com/6nqhxe8