2015 Arizona Real Estate Stats

COMMENTARY by Tom Ruff of The Information Market Permission is granted only to ARMLS® Subscribers for reproduction with attribution to “ARMLS® COPYRIGHT 2016”. For questions regarding this publication contact Communication@ARMLS.com. STAT: 2015 in Review 2015 Arizona Real Estate Stats! Each month in STAT, our charts and commentary reflect on the previous month. For example, a […]

No Matter Which Groundhog You Listen To, You Should Sell Before Spring!

No Matter Which Groundhog You Listen To, You Should Sell Before Spring! Tuesday February 2nd, 2016 For Sellers, Housing Market Updates, Pricing Is spring closer than we think? Depending on which Groundhog you witnessed today, you may have less time than you think to get your home on the market before the busy spring season. […]

A Million+ Boomerang Buyers about to Enter Market

Wednesday January 27th, 2016 For Buyers, Housing Market Updates TransUnion recently released the results of a new study titled “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners that were negatively impacted by the housing crisis could re-enter the housing market in the next three […]

No Income Tax on Short Sale or Foreclosure – For Now in Arizona

By Chris Combs No Income Tax on Short Sale or Foreclosure – For Now in Arizona Question : We bought our Mesa home ten years ago. The purchase price was $320,000. Our mortgage was $300,000, interest only, payments for ten years, and then amortized over the next fifteen years. Our home is only worth $240,000 […]

Accountants Say You’ll Probably Make These 6 Homeowner Tax Mistakes

Accountants Say You’ll Probably Make These 6 Homeowner Tax Mistakes If you use your home exclusively for your business, you’ve likely got a deduction coming — and calculating that deduction doesn’t have to be scary. Accountants Say You’ll Probably Make These 6 Homeowner Tax Mistakes Hooray — it’s tax time! OK, few people get quite […]

Lack of Listings Slowing Down the Housing Market

The housing crisis is finally in the rear view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2016 will be the year that the housing market again races forward.Lack […]

Thinking of Buying a Home? 3 Questions Every Buyer Should Answer First

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Thinking of Buying a Home? 3 Questions […]

There May Be More Single Women Buying Houses in 2016

Thanks to higher incomes. Up until the housing crisis, single women in the U.S. bought houses more often than their single male counterparts. While the share of single female homebuyers tapered off as mortgages became harder to come by in the wake of the crisis, the tide may change in 2016.There May Be More Single […]

RSS Simplifying the Market™

  • Final 2015 Housing Numbers Now In
    Many have questioned the stability of certain sectors of the U.S. Economy, one section in particular is the housing market. Today we would like to share how the experts feel about how we ended 2015 and where they think we are headed in 2016. How did we do in 2015?
  • Do You Know How Much Equity You Have In Your Home? You May Be Surprised!
    CoreLogic’s latest Equity Report revealed that 256,000 properties regained equity in the third quarter of 2015. This is great news for the country, as 92% of all mortgaged properties are now in a positive equity situation.
  • What You Don’t Need To Hear From Your Listing Agent
    You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to:
  • Homes Selling Quickly Across The Country
    According to the National Association of Realtors’ (NAR) Existing Home Sales Report, homes were on market for an average of 58 days in December. This was slightly longer than the 54 days in November, but still better than the 66 days experienced in December 2014. 
  • Where Are Americans Moving? [INFOGRAPHIC]
    Some Highlights: For the 4th year in a row the Northeast saw a concentration of High Outbound activity. Oregon held on to the top stop of High Inbound states for the 3rd year in a row. Much of this Outbound activity can be attributed to Boomers relocating to warmer climates after retiring.
  • This Time “Mr. Wonderful” is just WRONG!!
    Recently, on CNBC’s Closing Bell, Shark Tank investor Kevin O’Leary, also known as “Mr. Wonderful,” said Millennials “don’t give a poo-poo about owning a house.” This thinking couldn’t be further from the truth. Let’s give a few examples to make this point.
  • Will Appraisals Continue to be a Challenge in 2016?
    First American Title issues a quarterly report, the Real Estate Sentiment Index (RESI), which “measures title agent sentiment on a variety of key market metrics and industry issues”. Their 2015 4th Quarter Edition revealed some interesting information regarding possible challenges with appraisal values as we head into 2016.
  • No Matter Which Groundhog You Listen To, You Should Sell Before Spring!
    Is spring closer than we think? Depending on which Groundhog you witnessed today, you may have less time than you think to get your home on the market before the busy spring season.