Arizona Association of Mortgage Brokers
The new ASU-Repeat Sales Index, compiled by the Center for Real Estate Theory and Practice at the W. P. Carey School of Business, shows that the rate of decline of foreclosed home prices is slowing down.
In October, the median price of foreclosed homes dropped 15 percent. In November, the drop is anticipated to be 8 percent and in December only 2 percent.
This is in stark contrast, however, to what's happening to prices of non-foreclosed homes. In October, prices fell 19 percent and December is expected to show a drop of 23 percent. Non-foreclosed home prices have been in a rate of decline at approx. 20 percent per month since October 2008.For more detail, click here.
The Fullerton real estate market, which is closely linked to the rest of the Southern California real estate market, made some impressive strides during the month of January. According to an article released by EGP News, “In Orange County, the median home price was $325,000, up from $300,000 in the same month a year ago, according to La Jolla-based MDA DataQuick. According to DataQuick, 15,361 homes were sold in the six-county Southern California region
Posted by: phoenix arizona | 03/10/2010 at 01:24 AM