Phoenix Real Estate Year-Over-Year Sales Increase For Seventh Straight Month - As foreclosed home sales fall, year-over-year home sales in Phoenix have continued to climb for seven straight months. An increase in regular home sales continues to raise the median home purchase price in the area. ... Read more

There has been an upwelling of bearish sentiment lately, justifiably so. Rents are dropping, unemployment is rising, and foreclosures are increasing: macroeconomic forces are working against the market. So it makes me wonder, “Could it really get that bad?” ... Read the full post ... Read more

From the NAR: Existing-Home Sales Show Strong Gain In December ExistingExisting-home sales rose unexpectedly while inventory declined, led by a surge of sales in the West, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominium ... Read more

NOTE from CR: be careful with median prices. This doesn't mean prices have fallen to an eight year low - this means that a combination of price declines and a significant change in mix (to lower priced homes) has happened. The Case-Shiller repeat sales index is a better measure of actual price decli ... Read more

It sucks right now to sell a property with a Tenant.  Yes it does.  Uh huh and here's the proof. In the past 30 days (as of this morning) There were a total of 619 sales in the Edmonton market.  416 of those were single family and 203 were Tenant occupied. Of the 416 single family ... Read more

From NAR: Existing-Home Sales Soften on Economic Volatility Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 3.1 percent to a seasonally adjusted annual rate1 of 4.98 million units in October from a downwardly revised pace of 5.14 million in September, a ... Read more