November housing stats for Phoenix show improvement - Here are some positive metrics based on data from the ARMLS:
* There were 1,889 property sales in November. That’s down from 2,029 sales recorded in October, but up from November 2010, when there were 1,677 sales.
* The November median price was $88,000, as compared with $83,000 in October and $80,000 in November 2010.
* Average days on the market for November stood at 59, as compared with 60 in October and 67 in November 2010.
Read article:
http://www.bizjournals.com/phoenix/blog/business/2011/12/november-housing-stats-for-phoenix.html
Report: Big Drop in Mortgage Delinquencies in 2012 - The number of borrowers behind on their mortgage payments is expected to drop sharply by the end of next year, according to a new report released by TransUnion. Rates are expected to rise to about 6% during the first three months of the new year before dropping to 5% by the end of 2012, TransUnion forecasts. At its peak in the fourth quarter of 2009, mortgage delinquencies stood at a 6.89% rate. Read article:
http://realtormag.realtor.org/daily-news/2011/12/08/report-big-drop-in-mortgage-delinquencies-in-2012
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