Homes on the market: 567 Foreclosure and Short Sales: 24
Look for Fannie Mae and Freddie Mac to start restructuring home owner's loans. Many of the servicers fee involved in the process may be covered by the Fannie and Freddie. Many of the servicers do not want to reduce the servicing fees to help with this restructuring. :
I don't expect this market to move until we have a new President signed into office. The elections will move the markets but we will have to wait for January 2009 to see any signs of hope. :
The roller coaster that we call the stock market will continue to be volatile. Henry Paulsons plan to purchase Bank equity may fall short in restoring stability in the American market.
I'm recommending my investors to invest in rental property. The rental market is getting stronger in well developed area in the Valley. If you want me to give you the location(s) send me an email. :
Sellers:
My advice is to know your market, if I'm not selling your home make sure your agent paints you a good picture of your subdivision and surrounding area. Know which homes are in foreclosure and the ones that have been on the market for a year. Know your competition in your neighborhood will allow you to price your home well. The added foreclosures entering the market can saturate your bottom line. Sellers need an open mind when pricing and alternative selling techniques. Call me and I can explain what I'm talking about.
Buyers:
One word - "Foreclosures" This is where the market is. You can expect to find homes under market value. In some cases these foreclosure have renters ready to move in. If you are interested in my foreclosure list give me a call or send me an email. AzForecloseList@EmmetAcebedo.com
Paradise Valley area has 5 homes and Scottsdale has over 490 homes where the home owners or banks have entered into a short sale, pre-foreclosure or foreclosure. If you want a list of these properties or other areas, send me an email at AzForecloseList@EmmetAcebedo.com
Top 5 Fastest Growing U.S. Cities The fast-growing areas in the United States are in the Sunbelt, with Texas leading the way, according to data released today by the U.S. Census Bureau.
Average days a Scottsdale home is on the market 117 days
Sales by Zip Code for Q2: 85250 $309,300 85251 $388,100 85253 $1,704,500 85254 $461,600 85255 $737,900 85257 $227,500 85258 $488,600 85259 $594,600 85260 $452,100 85262 $1,281,900
ZIP Codes: 85250, 85251, 85253, 85254, 85255, 85257, 85258, 85259, 85260, 85262 Location Characteristics: Scottsdale, Arizona, world renowned for its luxury and many resorts, favorable economic climate and resplendent lifestyle is the pristine location for the ultimate destination.
About Emmet Acebedo:
I was born and raised in Long Beach, Ca. I moved to Arizona twelve years ago, to flee the overpriced housing market and to get more serious about school. After graduating from DeVry University Phoenix with an Electronic Degree I went to work for a French owned High Frequency Component Company. 5 years later and plenty of frequent flyer miles, I wanted to work at a place with a little less foreign politics. I decided I could focus my energy toward Real Estate. I was raised around parents that bought and sold real estate just about every two years. As I noticed early on in real estate it seemed easy to buy and sell with out representation and contracts were 1 page. As the years went on I noticed the apprehension and continuing uneasiness my parents had through represented buyers and sellers. I felt I needed to do something about it, now my parent have someone that they can count on and trust and that makes me happy. Since moving to Scottsdale, Arizona and missing the surf and sand that is 5 hours away.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
