RECENT BLOG POSTS
An article from the Arizona Republic reports that lending Fannie Mae is doing away with higher minimum down-payment requirements for borrowers in parts of the U.S. where home prices are dropping. The government-sponsored mortgage finance company said it will require minimum down payments of betwe...
05/26/2008
An East Valley Tribune article, reports that while Valleywide home sales posted their first year-to-year increase since 2005 last month, sales in Scottsdale are still lagging. Experts say that's because available loans are mostly for lower-priced homes, which are more plentiful in the southeast v...
05/26/2008
A recent article from CNNMoney.com, reports that according to the National Association for Business Economics, the worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The economy will weaken further and unemployment will rise. A growing number of ...
05/26/2008
USA TODAY reports that as home sales and prices drop across much of the USA, many potential buyers remain scared to jump into the market, and sellers are resorting to slash-and-burn prices. The national median price sank to $195,900 in February, down from $213,500 in February 2007. Foreclosures a...
04/22/2008
According to reports from MSNBC.com, as a result of the housing supply and demand imbalance, median rental prices in Phoenix fell this year to $939 per month, down about nine percent from $1,035 in 2007. Mark Forrester, a partner with Hendricks & Partners in Phoenix, says that the rental market i...
04/22/2008
The Arizona Republic reports that owners of about 1,000 homes in Sun City Grand, one of Surprise's most affluent retirement communities, are seeking legal action against developer Pulte Homes to correct alleged construction defects. The sheer number of participants puts this among the largest suc...
04/22/2008
A recent article from the Business Journal of Phoenix reports that Arizona ranks fourth among all states in the rate of home foreclosures, according to new research from Realty Trac. Nearly 9,200 homes in Arizona were touched by foreclosure proceedings in March, an average of one in every 283 hou...
04/22/2008
The Arizona Republic reports that home prices continue to slump in Scottsdale but Realtors are encouraged by a decline in inventory and a pickup in pending sales. In the northeast Valley, there has been nearly a 50 percent increase in pending sales since January.  As of early April, there were 2,...
04/22/2008
Construction of U.S. homes fell to a 17-year low in March, according to CNNMoney.com, which is a much steeper than expected drop, according to a government report released Wednesday. Privately-owned housing fell to a seasonally adjusted 947,000 annual rate in March, according to the Commerce Depa...
04/22/2008
In February 2008,2,500 homes in metro Phoenix were foreclosed on,the highest monthly tally since the real-estate recession of 1990 Are you an individual interested in picking up a foreclosure deal as an investment?  Today's recent AZCentral.com article regarding the latest real estate fad known a...
03/29/2008
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Joyce "Joy" Mahaney Brewster

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Northwest Arizona Real Estate Blog, presented by Joyce Mahaney Brewster of High Profile Realty. Check back often for info on current market trends and analysis and general thoughts on the state of real estate in Maricopa County as well as local news and events. Free multiple listings search with no registration at http://www.joycemahaneybrewster.com.