AZFamilyLiving & Hunt Real Estate ERA
Real Estate Services in the Greater Phoenix Metro Areas of Chandler, Glbert, Tempe, Scottsdale, Mesa & Ahwatukee.
Tired of "Being Sold" some new product, or service day after day? Buying or selling property should not be that way. No one knows better what you want than YOU.
My approach to Real Estate is simple. You tell me the area of interest, and I provide you with the education, technology, and tools necessary to make an informed buying or selling decision. Only you, from your prospective, can know if it is time to make a move.
The market, controlled by the laws of supply and demand, determines the "Market Value" of a particular property. I will make sure you know and understand the market conditions in your area of interest.
I am a fulltime Realtor and operate my business as a business. I work diligently for my clients and respect my fiduciary responsibilities, as they are the foundation of our agent/client relationship. I take pride in the fact that over 90% of my business is referral. I operate on the belief that satisfied clients will continue to refer like quality clients.
I look forward to meeting with you to see how I can assist you in your next Real Estate transaction.
Greater Phoenix Metro Market Trend
- Active Inventory: 39,679 as of 01-07-2010.
- Non-Institutional Active Inventory: 19,741 as of 01-07-2010. Approximately 50% of total inventory. Down 10% from November.
- Bank Owned (REO) Active Inventory: Increased 23% to about 5,769 units as 01-07-2010. Up from 4,683 units on 11-16-2009.
- Short Sale/Pre-Foreclosure Active Inventory:Increased 63% to about 14,150 units as 01-07-2010. Up from 8,671 units on 11-16-2009.
- Contingent Contract & Sale Pending Inventory: 15,718 units as of 01-07-2010. Down 15% from 18,634 units as of 11-16-2009.
Despite all the Fed policy interventions and slow response by Banks to resolve the high delinquency rate on mortgages, the market forces continue to slowly move back to a point of equilibrium. Though we are not there yet, we are moving that direction. Regular, or non-institutional home sales are down slightly but still good, accounting for about 50% of total active inventory. This is a very good sign. As institutional (REO, Short Sale etc.) inventory decreases it's footprint in the market, the true, unregulated housing transactions will become predominant allowing market forces to balance the housing market.
December market conditions showed a softening demand and increase in inventory as was expected through the Holiday Season. Inventory levels are near, what would be considered by many, as a "Balanced" market. Historically buyers begin to re-emerge during January and increase through the "Peak" buying season of Spring. If the new Inventory entering the market is outpaced by an increase in demand, we we should begin to see the average home seelling price begin to increase again. The updated and amended Home Buyer Tax Credit will aply to all properties, purchased by qualified individuals, that are under contract by April 30th. It is expected that the Tax credit will help drive demand through the 1st Qtr of this year.
Short Sales, Foreclosures, Loan Modifications, & Deed in Lieu
Everyday I am asked about at least one of these subjects. A large majority of the presently "Active" inventory in the MLS falls under the Short Sale or Foreclosure categories. Short sale lingo usually includes such statements as short sale, or pre-foreclosure. Foreclosure lingo usually includes statements as foreclosed, bank owned, R.E.O. (real estate owned) property. All short sale and foreclosure properties will have the disclaimer "Sold AS-IS". So what exactly do these terms mean? Read More...
HomeBuyer Tax Credit
ALERT! The extended Homebuyer tax credit bill passed the House 403-12 in favor of the extension, and the Senate with a 98-0 approval. President Obama signed off on the bill Friday November 6, 2009. Read More
The homebuyer tax credit is one of 10 key provisions of the American Recovery and Reinvestment Act signed by President Obama into law on Feb. 17, 2009.
To see a comparison table showing the similarities and differences between the 2008, 2009, and 2009-2010 extended tax credit... Click Here...
Recent Change to Arizona's Anti-Deficiency Statute
SB 1271 passes house and senate. Govenor signs off as well. This bill amended A.R.S. § 33-814, the state Anti-Deficiency Statute. Investors of non-owner occupant homes are now subject to deficiency judgements in the event of short sale or foreclosure... Read More...
Yahoo! News Search Results for arizona real estate
- Two Associates Join National Real Estate Law Firm of Pircher, Nichols & Meeks (dBusinessNews.com)
LOS ANGELES—Feb. 4, 2010—David Aghaei and Jennifer White have joined national real estate law firm Pircher, Nichols & Meeks as associates. Based within the Los Angeles office, both focus on various aspects of property transactions such as acquisitions, sales and financing. - Real Estate Issues Top 2009 List of Requests for Legal Services (RISMedia Real Estate News)
RISMEDIA, February 5, 2010—Real estate-related issues were the leading legal service request among members (customers) of Pre-Paid Legal Services, Inc. during 2009 followed by 2) consumer finance, 3) family law, 4) collections and 5) estate planning. The top five legal service… - Home market tough even for MLS optimist (Builder Magazine)
Feb. 8--Dan Santa Maria, who has been involved in Tucson's residential real estate market for about 45 years, took over as president of the Tucson Association of Realtors Multiple Listing Service at the close of a rough year. - Officials: Entrepreneurial opportunities in Ariz. still abundant in downtown (The State Press)
April Atwood Tuesday, February 9, 2010 Diversity of industry, opportunities provided by ASU and a wide opening for entrepreneurship make up some of the best reasons for recent grads to stay in Arizona, one ASU official said. Diversity of industry, opportunities provided by ASU and a wide opening for entrepreneurship make up some of the best reasons for recent grads to stay in Arizona, one ASU ... - Male Maids Strip Off More Than Stains (WFMZ Eastern Pennsylvania and Western New Jersey)
PHOENIX -- A new brand of maid service has many Arizona customers taking a second look, KPHO-TV reported. The service advertises jockstrap-clad men who clean homes in more than 40 cities across the U.S., including Phoenix. - Male Maids Strip Off More Than Stains (KCRA 3 Sacramento)
A new brand of maid service has many Arizona customers taking a second look. - Where's Rapid City? Economic development director kicks off promotion campaign (Rapid City Journal)
Ben Snow knows Rapid City has a lot to offer a business looking to expand or relocate. But the Rapid City Economic Development Partnership director has found it isn't easy to pitch our low taxes, available real estate and quality of life when people can't get past the image of South Dakota as cold and flat. - Dancing with the Stars comes to the Valley (ABC 15 Phoenix)
All proceeds will directly benefit the Arizona Kidney Foundation’s programs and services. - Economic group takes control of housing development (San Pedro Valley News-Sun)
Thelma Grimes/San Pedro Valley News-Sun Instead of watching bankrupt housing developments sit empty, George Scott of the Southeast Arizona Economic Development Organization (SEAED) has decided to do something about it. - Proposed fee could help UA sports (Arizona Daily Wildcat)
Recent rains fill the hole dug in the practice field north of the Arizona Stadium, which is now construction ground for the university landmark’s makeover.
Copyright 2009, Ron Capron PLLC