From NHSP:

Interested in purchasing a new home in Phoenix metropolitan area? Click on the link below for the lastest inventory in your area:

Phoenix Mesa Home Inventory Sheet

Click on Market Watch Report 2011 4th Qtr for this report.

Beginning with the Q3 2011 report, slight differences in the format of the reports will be noticeable compared to previous reports.  This is due to a change in the party supplying the reports.

These reports are produced by a third party using data supplied by ARMLS®. Reports earlier than 3rd Quarter, 2005 are not available. The reports will normally be available approximately 6 – 8 weeks after the end of each quarter. The Market Watch Report analyzes ARMLS statistical data for Maricopa and Pinal counties.

Click on Market Watch Report 2012 1st Qtr for the latest report.

Beginning with the Q3 2011 report, slight differences in the format of the reports will be noticeable compared to previous reports.  This is due to a change in the party supplying the reports.

These reports are produced by a third party using data supplied by ARMLS®. Reports earlier than 3rd Quarter, 2005 are not available. The reports will normally be available approximately 6 – 8 weeks after the end of each quarter. The Market Watch Report analyzes ARMLS statistical data for Maricopa and Pinal counties.

From ARMLS:

SALES Month over Month

Sales in April declined from March to land at 8,435. The March to April 4.9% decline is
minor compared to the 22.3% increase in sales from February to March, and continues
the overall upward sales trend line between January and April.

SALES Year over Year

April sales of 8,435 represents a 9.6% decline from April 2011’s figure. Sales remain in line
with the 12 month average of 8,365.

To view the full report, click on the PDF attachment Apr 2012 ARMLS Report

From ARMLS:

RENT Check is the ARMLS^® monthly publication which examines the Valley’s current residential single family leasing market.
RENT Check also features the RENT Check Quotient™ (RCQ) which compares leasing activity to sales.

This month RENT Check features a new addition, a heat map of active single family lease property all across the Valley. Click on
the link below for the full report:

rent-check-april-2012

Jon Tobias – Senior Loan Officer     Mobile: 480-225-2987

 Ben Tobias – Loan Officer                Mobile: 480-577-8811

 Doak Cheatham – Loan Officer        Mobile: 480-678-8640

97% LTV Conv     90% LTV 2nd Home     95% LTV Conv <90 day Flip

 97% LTV HomePath     Zero Down USDA Financing     10% Down Investment

Foreign National Financing     10-20 Financed Properties

 Market Update

Mortgage bond prices finished the week slightly higher helping mortgage interest rates improve.  Rates were considerably better Monday morning tied to stock weakness.  Spain debt worries reignited some flight to quality buying of US debt instruments and helped rates extend the improvements Tuesday morning.  Unfortunately those improvements were wiped away Wednesday as stocks rebounded and news out of Italy and Spain eased default concerns.  Higher than expected core producer inflation readings were offset by higher than expected weekly jobless claims which kept rates relatively in check Thursday.
Have a safe weekend

 Call Us For Immediate Pre-Qualifications on our 7 day a week team line 480-626-2202 or  tobiasteam@novahomeloans.com  

FHA has pushed back the date for their new guideline regarding repayment of collections to 7/1/2012. For all FHA Case #’s registered afterJuly 1st, 2012, FHA will now require all past due accounts including collections and charge off’s (with a balance) with a cumulative balance above $1000, to be paid off prior to closing or on a 3 months repayment plan. 

Jon Tobias – Senior Loan Officer     Mobile: 480-225-2987
Ben Tobias – Loan Officer                Mobile: 480-577-8811
Doak Cheatham – Loan Officer        Mobile: 480-678-8640

97% LTV Conv     90% LTV 2nd Home     95% LTV Conv <90 day Flip      FHA203K

 97% LTV HomePath     Zero Down USDA Financing     10% Down Investment

Foreign National Financing     10-20 Financed Properties

Articles

Downtown Tempe Office Space Nearly Full, More Needed
http://www.eastvalleytribune.com/money/article_090f77b2-6d68-11e1-813c-0019bb2963f4.html

Court Approves $26 Billion Foreclosure Settlement
http://money.cnn.com/2012/04/06/real_estate/mortgage-settlement/index.htm?iid=HP_LN

Dissapointing Jobs Report Revives Talk of Fed Easing
http://www.cnbc.com/id/46976910

Clear Capital Predicts Modest Home Price Gains for 2012
http://www.housingwire.com/news/home-prices-decline-march-signs-stability-surface-clear-capital

Housing Takes a Few Baby Steps Forward
http://www.azcentral.com/business/realestate/articles/2012/04/03/20120403phoenix-area-housing-takes-few-baby-steps-forward.html

Market Update

Mortgage bond prices finished the week higher helping mortgage interest rates improve. Rates were positive Monday morning but quickly whipsawed higher Monday afternoon and Tuesday morning. Trading swung back positive again Wednesday and Thursday following weaker than expected existing home sales data and reports that Chinese manufacturing weakened. Oil prices bounced around initially falling on consumption worries tied to the Chinese weakness, which eased some of the recent inflation fears. Prices spiked a bit higher Friday afternoon following reports that Iranian oil exports fell. Mortgage interest rates finished the week slightly lower despite the tremendous volatility.

Have a safe weekend

 Call Us For Immediate Pre-Qualifications on our 7 day a week team line 480-626-2202 or  tobiasteam@novahomeloans.com  

From ARMLS:

SALES Month over Month
Total sales in March increased by 1,620 sales (22.3%) to land at 8,869. This continues the
upward sales trend begun in January.
SALES Year over Year
March sales of 8,869 fell 10.7% below the March 2011 figure. However, it is slightly above
the 12 month average of 8,453. High sales figures, a consequence of the Valley’s strong
affordability, contrast sharply with the decade record low sales figure of 2,912 sales in
January 2008.

To view the full report, click on the PDF attachment Mar 2012 ARMLS Report

                                                                               Jon Tobias – Senior Loan Officer     Mobile: 480-225-2987
                                                 Ben Tobias – Loan Officer                Mobile: 480-577-8811
                                                 Doak Cheatham – Loan Officer        Mobile: 480-678-8640

97% LTV Conv     90% LTV 2nd Home     95% LTV Conv <90 day Flip      FHA203K

 97% LTV HomePath     Zero Down USDA Financing     10% Down Investment

Market Update

Mortgage bond prices finished the week higher helping mortgage interest rates improve. Rates were positive Monday morning but quickly whipsawed higher Monday afternoon and Tuesday morning. Trading swung back positive again Wednesday and Thursday following weaker than expected existing home sales data and reports that Chinese manufacturing weakened. Oil prices bounced around initially falling on consumption worries tied to the Chinese weakness, which eased some of the recent inflation fears. Prices spiked a bit higher Friday afternoon following reports that Iranian oil exports fell. Mortgage interest rates finished the week slightly lower despite the tremendous volatility.

 Have a safe weekend

 Call Us For Immediate Pre-Qualifications on our 7 day a week team line 480-626-2202 or  tobiasteam@novahomeloans.com