Month: September 2012 - Scottsdale AZ Real Estate

Gene Montemore
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September 28, 2012
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Real Estate

Here is a video report of the latest ARMLS Distressed Property Report. Although this map shows the entire Metro Phoenix area, we concentrated on the Central Scottsdale and Paradise Valley areas. The market in general is still tight with inventory, and the Central Scottsdale and Paradise Valley markets boast some of the healthiest numbers in […]

According to the real estate trade association, the Pending Home Sales Index read 99.2 for August — the fourth straight month in which the index hovered near its benchmark value of 100.

According to the U.S. Census Bureau, the number of new homes sold slipped 0.3 percent in August 2012 to a seasonally-adjusted, annualized 373,000 units sold.

Gene Montemore
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September 26, 2012
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Real Estate

“Scottsdale Museum of the West” is a bit closer as a non-profit group submitted new concepts for an attraction that would anchor the Downtown Arts Area. The arts area struggled for a while, and then received a boost when the Scottsdale Waterfront was developed. I love the idea of the museum as it not only […]

Home values have not dropped month-to-month since January of this year — a span of 6 months.

According to the National Association of REALTORS®, 4.82 million “existing homes” sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011.

Gene Montemore
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September 24, 2012
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Mortgage Rates

Mortgage markets improved for the second consecutive week last week as demand for U.S. mortgage-backed bonds remained high.

Gene Montemore
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September 21, 2012
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Mortgage Rates

For the first time in 9 weeks, mortgage rates have made new lows.

Wednesday, the U.S. Census Bureau reported Housing Starts for single-family homes up 5.5 percent in August to a seasonally-adjusted, annualized count of 535,000 units nationwide.

As reported by the National Association of Home Builders, the Housing Market Index, a measure of builder confidence, rose to a reading of 40 in September — its highest mark since June 2006.