Foreclosures in Phoenix are climbing — hitting their highest level since 2019. In this week’s Phoenix housing market update, I break down the latest foreclosure data, what it means for homeowners, and whether this is the start of a bigger housing trend.
We’ll look at:
Why foreclosure trustee deeds are spiking in Maricopa County
The difference between Notices of Trustee Sale vs. Trustee Deeds
Why fewer homes are being sold before foreclosure
What REOs and distressed properties mean for buyers and sellers
How Phoenix compares to the national housing market
If you’re thinking about buying or selling in Phoenix, you’ll want to know what these trends could mean for you.
As skyrocketing housing costs and the rise of remote work are untethering workers from downtowns and urban centers, more Americans are moving to live in the suburbs. While the principal cities of metropolitan statistical areas grew by 5.9% from 2013 to 2023, the populations of outer suburbs grew...
The Arizona Commerce Authority (ACA) is the state's leading economic development organization with a streamlined mission to grow and strengthen Arizona’s economy.
Wall Street is rallying on Friday after the head of the Federal Reserve indicated cuts to interest rates may be coming, though he gave no clear clue about when.
Hey everyone, and welcome back to the channel! Today, we're talking about a smarter, more cost-effective way to sell your home in Arizona. We're diving into azflatfee.net, a service that's changing the game for home sellers who want to keep more of their hard-earned equity. This isn't your traditional real estate experience; it's a model built on transparency, control, and a commitment to saving you thousands in commissions."
"So, what does that look like in practice? At azflatfee.net, you get the power of the Multiple Listing Service (MLS) for a flat fee, which is the same exposure that traditional real estate companies use. But instead of paying a high percentage of your sale price, you pay a predictable, upfront fee. This gives your property unmatched exposure on all the major real estate sites like Zillow, Trulia, Realtor.com, and Redfin. All buyer inquiries come directly to you, putting you in control of your sale from the very first step. It's a modern approach that respects your financial goals."
"But this isn't just a basic listing service. azflatfee.net offers an enhanced experience that includes key support features like broker contract review, seamless electronic paperwork with DocuSign, and a convenient appointment center for scheduling showings. And for those who want a truly standout listing, the service leverages premium features like Zillow Showcase to give your home priority placement and superior visuals, including larger photos and immersive layouts. It's a comprehensive approach that provides the tools of a professional agent, but with a focus on maximizing your profit. The average seller saves thousands in commissions, making a significant impact on their bottom line. So, if you're in Arizona and ready for a smarter, more efficient, and incredibly effective home sale, visit azflatfee.net and discover what your savings could do for you!"
Save on real estate commissions with AZ Flat Fee MLS. Contact us today and get professional photography, MLS listing syndication, contract review, and more.
For the 11th straight business day, mortgage rates are very close to the levels from the end of the previous day. Over the past week, however, most of these small day-to-day movements have been microscopically higher. Today's is no exception. The net effect is that the average top tier 30yr fixed rate is up from 6.53% last Wednesday to 6.61% today. Even that is a fairly minor move in the bigger picture, but it would certainly make for a weaker rate quote if Wednesdays happened to be your mortgage rate shopping days. To put the overall change in specific, relatable terms, the average borrower would have to pay 0.4% in points to get the same rate quoted last Wednesday. This equates to $400 for every $100k borrowed. Today's modestly higher rates were in place before the afternoon release of the minutes from the most recent Fed meeting (3 weeks ago). The minutes didn't offer any major new revelations beyond those already seen in recent weeks from individual Fed speeches.
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