Monday, April 23, 2012

The US Housing Market: Current Conditions and Forecasts

 
Veros Real Estate Solutions, an industry leader in risk management, has released its most recent quarterly report showing signs of accelerated recovery in some housing markets while other markets continue to struggle with slight recovery.   
 
According to Veros, the forecast displays "fewer significant drags across an increasing number of markets, many of which are beginning to emerge with initial signs of appreciation for the first time since the market's decline". 
 
The city of Phoenix has been predicted to the the top performing market with a 5% appreciation rate.   
 
Projected 5 strongest markets
 
1.  Phoenix-Mesa-Scottsdale, AZ +5.0% 
2.  Bismark, ND +4.3% 
3.  Shreveport-Bossier, LA +3.4% 
4.  Anchorage, AK +3.1% 
5.  Fargo, ND/MN +2.7% 
 
Bakersfield , CA sits at the bottom of the housing market for the third consecutive quarter with depreciation of 6.3%.  Although the Bakersfield market is still experiencing the gretest rate of depreciation it is an improvement over the previous quarter's 6.8% rate.   
 
*Projected 5 weakest markets
 
1.  Bakersfield, CA -6.3% 
2.  Modesto, CA -4.9% 
3.  Fresno, CA -4.9% 
4.  Reno-Sparks, NV-4.7% 
5.  Stockton, CA -4.7% 
 
*Inland CA and NV markets make up 7 of the 10 weakest markets. 
 
Soucre:VeroFORECAST.  

Friday, April 13, 2012

Best Valley Farmers' Markets

http://www.arizonafoothillsmagazine.com/valleygirlblog/wine-and-dining/best-valley-farmers-markets/

Lynne's April 2012 Arizona Market Stats

Greetings,

I thought you might find the below housing market stats of interest.

AS OF APRIL 10, 2012:

Maricopa County active listings
  11,107


Maricopa County active SINGLE FAMILY listings
  8,639

Maricopa County active SINGLE FAMILY listings (3+ bedrooms)
  7,154

Scottsdale active SINGLE FAMILY listings (3+ bedrooms)
  1,478

Scottsdale active SINGLE FAMILY listings (3+ bedrooms)
  Under $300,000
  Under $500,000
  Under $750,000
  Under $1,000,000
  93
  354
  649
  896

What does all of this mean?
  • The market is BACK.  If you are interested in putting your home on the market NOW is the time to do it. 
  • If you are interested in purchasing a home in Scottsdale NOW is the time to do so as prices will be increasing as the market inventory decreases.
  • Financing is at an all time low.
If you have any questions related to real estate or are contemplating putting your home on the market/purchasing a home, please call me at 602-885-5143 or e-mail me at lynne@lynnenash.com.

Create a great day for yourself,

Lynne