All I want for Christmas is a crystal ball this year. When I hear reports that the housing market has hit bottom, or that the market is on its way up I start to feel a sense of hope just like everyone else. Unfortunately, there are so many other factors that I look at every time I hear this news. Such as:
Mortgage Delinquencies, The Shadow Market, Unemployment rates, Success rate of loan modifications, Number of Pending Foreclosures, Guidelines for Mortgage products, Mortgage Interest Rates, and the big one --HOW many people are willing to ride out this wave and not just walk away from their home(s) next year?
Here are my recent concerns:
-November reported the highest number of mortgage delinquencies in history.
-Pending Foreclosures are on the rise.
-Daily increases in Bank Owned inventory has started to hit the market.
-Reports of between 40% - 63.5% is the average negative equity in the Phoenix area.
-High unemployment rates and decreased pay for those that have jobs.
-Number of Individuals that can qualify for a mortgage
My wish this holiday season, is that everyone be blessed with much health and strength so we can work very hard together in preserving Homeownership.
Tuesday, December 1, 2009
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About Kathleen Mazzocco
- Kathleen Mazzocco, Realtor in Anthem, AZ Relocation to Scottsdale, AZ
- Scottsdale, AZ, United States
- Kathleen has worked with a variety of clients and employees from across and outside of the country, and this has given her a firm grasp of all the details that need to be considered when buying a home in Scottsdale, Anthem, or other areas of Phoenix, Arizona. Kathleen is a AZ Corporate Relocation Professional, and Buyer's Agent. She doesn't just help you find the home you want, she also insures that you're settling in well and that you have all the information you need in order to enjoy the highest-quality lifestyle Arizona has to offer. Begin your plan moving to Arizona with Kathleen today. It's a buyer's market right now, so there are great opportunities for you to land the home of your dreams for much less than you ever imagined possible. Acquiring property foreclosures, short sales, and bank owned homes are ways you can save in today's market. As Certified Distressed Professional she can negotiate the best possible price and terms for you. Please browse through Kathleen's website and let Kathleen Mazzocco help you come home to Arizona,search the newest home listings at www.KathleenInAZ.com.