Is this a new bubble in the Scottsdale real estate market?
Last month I had a new listing in Scottsdale, 85259 for $797.900. That home went under contract in 7 days. The first Sunday had an open house with 25 or more groups of buyers and a contract was in place by Tuesday. Witnessing that you could feel another bubble is upon us. Here’s why this […]
Percentage of Delinquent Mortgages Declining
Finally some good news on the delinquent mortgage front in news from the Mortgage Bankers Association. The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 8.22 percent of all loans outstanding as of the end of the fourth quarter of 2010, a decrease of 91 basis points […]