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.

HOT! Real Estate Topics

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
Yahoo! News Search Results for arizona real estate

Keller Williams Realty Welcomes Top Producing Southern Arizona Real Estate Brokerage to its Ranks (Business Wire via Yahoo! Finance)
AUSTIN, Texas----Keller Williams® Realty Inc. announced today the launch of Keller Williams Southern Arizona. The new operation, formerly with Realty Executives®, includes seven offices, with more than 375 top-producing real estate agents and staff.
Failed real-estate venture hurt investors (12 News Phoenix)
Throughout the 1990s, Phoenix-based Right Place Properties had a solid reputation as a boutique developer and real-estate brokerage. It bought low-rent apartment buildings - about one a year - and renovated them with funds from a small pool of private investors.
Failed real-estate venture turns investors into accidental landlords (The Arizona Republic)
Right Place Properties has left behind at least 42 unfinished condo-conversion projects.
Fewer homes enter foreclosure process in February (Los Angeles Times)
Some experts say the 2% drop from January stems from banks' efforts to keep owners in their homes. The number of homes caught up in some stage of the foreclosure process in February fell 2% from the previous month to 308,524, a real estate firm will report Thursday.
Assister Auctioneers Offers Prime Arizona Ranch Real Estate at Auction (PRWeb)
Rare Opportunity to own a unique piece of Arizona Real Estate, an 80 Acre Ranch (PRWeb Mar 3, 2010) Read the full story at http://www.prweb.com/releases/2010/03/prweb3660714.htm
Assiter Auctioneers Offers Prime Arizona Ranch Real Estate at Auction (PR Newswire via Yahoo! Finance)
Assiter Auctioneers is very pleased to offer prize property through a real estate auction. On March 13, 2010, bidders will have a rare chance to acquire Vulture Ranch, a sprawling 80 acre compound, an absolute jewel among Arizona real estate.
Riverside County foreclosures up (The Desert Sun)
The number of Riverside County properties falling into foreclosure crept up last month but remained below year-ago levels, a real estate tracking firm reported today.
Assiter Auctioneers Offers Prime Arizona Ranch Real Estate at Auction (PRWeb via Yahoo! News)
Rare Opportunity to own a unique piece of Arizona Real Estate, an 80 Acre Ranch
Summary Box: Foreclosures grow more slowly (San Francisco Chronicle)
FORECLOSURES UP: Foreclosure listing service RealtyTrac says the number of households facing foreclosure last month grew 6 percent from a year ago. SLOWER RATE: It was the smallest yearly increase in four years. Foreclosures have started to fall in Nevada,... Foreclosure - RealtyTrac - Nevada - Real estate - Business
Year-to-year foreclosures up across South Carolina for February (Charleston Regional Business Journal)
Foreclosures were up nearly 26% across South Carolina in February compared to the same month last year, according to data released this morning. National real estate tracking firm RealtyTrac reported that South Carolina had 3,114 foreclosure filings during the month and more than 1,000 homes had been repossessed by lenders.