Number of Underwater Home Owners Grows

DAILY REAL ESTATE NEWS | FRIDAY, MARCH 02, 2012

Nearly 23 percent of home owners owe more on their houses than they are currently worth, according to new data from the last three months of 2011 released by CoreLogic.
More specifically, the number of underwater home owners rose slightly from 22.1 percent in mid-2011 to 22.8 percent by the end of last year.
"When they're upside down, borrowers may be current on their payments but they're more vulnerable to economic storms — like job losses — that could tip them over into default," says Sam Khater, senior economist at CoreLogic.

About 8 percent of underwater home owners have already lagged on their mortgage payments.

Source: “Underwater Borrowers Are on the Rise,” CNNMoney (March 1, 2012)


For more information on what the options are if you are underwater, call, text, or email me today. 480-275-9566 or email rebeccakallhoff@gmail.com or check out my website at www.sellingazwithrebecca.com

arizona homes sale, arizona homes sale arizona homes sale arizona house arizona real estate az houses az real az real estate canadian investors canadian snowbirds chinese investors gilbert arizona gilbert az gilbert real, arizona homes sale arizona house arizona real estate az houses az real az real estate canadian investors canadian snowbirds chinese investors gilbert arizona gilbert az gilbert real estate home for sa, arizona house, arizona real estate, az houses, az real, az real estate, canadian investors, canadian snowbirds, chinese investors, gilbert arizona, gilbert az, gilbert real estate, home for sale in arizona, homes for sale in san tan valley az, homes for sale valley, homes in az for sale, houses for sale, houses in Arizona for sale, johnson ranch, queen creek, queen creek arizona, queen creek az, real estate arizona, real estate az, san tan, san tan heights, san tan heights homes in az for sale, san tan valley arizona, san tan valley real estate, valley homes sale, where is san tan valley az.

Have a Great Leap Year!!

 An EXTRA day. FREE. No charge, no penalty.

In Maricopa County, 7,000 homes sold, only 425 were new, 1800 Normal, 800 flips, 1350 Short and Pre-Foreclosure.

I like that Normal number coming in that high, Don’t you?  I like it when people sell homes. So in short we are moving homes! If you are thinking about selling, contact me today!

Call or text : 480-275-9566 or email me at rebeccakallhoff@gmail.com. Or check out my website at www.sellingazwithrebecca.com

arizona homes sale, arizona homes sale arizona homes sale arizona house arizona real estate az houses az real az real estate canadian investors canadian snowbirds chinese investors gilbert arizona gilbert az gilbert real, arizona homes sale arizona house arizona real estate az houses az real az real estate canadian investors canadian snowbirds chinese investors gilbert arizona gilbert az gilbert real estate home for sa, arizona house, arizona real estate, az houses, az real, az real estate, canadian investors, canadian snowbirds, chinese investors, gilbert arizona,gilbert az, gilbert real estate,home for sale in arizona,homes for sale in san tan valley az, homes for sale valley, homes in az for sale,houses for sale, houses in Arizona for sale, johnson ranch, queen creek, queen creek arizona, queen creek az, real estate arizona, real estate az, san tan, san tan heights, san tan heights homes in az for sale, san tan valley arizona, san tan valley real estate, valley homes sale, where is san tan valley az

Boy I have not ...

Boy I have not been very good in the last couple of weeks with keeping up on my blogging! It has been a crazy market here in the valley. We are seeing bidding wars.....What do you all think this is going to mean? I know it means that we are working our way OUT of the down real estate market in the Valley of the SUN!! Good news....I hope, we don't go in the other direction with the price of gas. Just when we are beginning to think that the worse of poor economy is behind us and we are moving forward, this hits us.  On an up note, if you are thinking of selling your home, you have picked a good time, buyers ARE buying! And if you are thinking of buying, interest rates are still historically low.

If you have more questions about buying or selling a home, please call, text, or email! Or check out my website at www.sellingazwithrebecca.com

arizona homes sale arizona homes sale arizona house arizona real estate az houses az real az real estate canadian investors canadian snowbirds chinese investors gilbert arizona gilbert az gilbert real estate home for sa arizona housearizona real estate az housesaz real az real estate canadian investors canadian snowbirds chinese investors gilbert arizona gilbert azgilbert real estatehome for sale in arizona homes for sale in san tan valley az homes for sale in san tan valley az san tan valley arizona arizona homes sale home for sale in arizona real estate az real estate arizona arizona real estate san tan san tan heights homes in az for sa homes for sale valley homes in az for salehouses for salehouses in Arizona for sale international trafficjohnson ranchqueen creekqueen creek arizona queen creek az real estate arizona real estate az real estate professionals Rebecca Kallhoff san tan san tan heights san tan heights homes in az for sale san tan valley arizona san tan valley real estate valley homes sale where is san tan valley az

A sellers market?

Working with a buyer today, I heard him tell me it is a buyers market....I disagreed. I believe it is a sellers market right now. I say this due to experience in the past 2 months. It is frustrating for buyers as well as myself. We write contracts and write contracts and write contracts and we don't get anything accepted! We are out bid, even when we give STRONG, over asking offers. But don't take my word for it, the numbers are stating the exact same thing. In Pinal county along we have nearly 1/2 the homes we did a year ago on the market. In Dec. 2010 we had 4330 active homes on the market, with 842 pending sales at the end of the month  and 896 homes closing for the month.  In Dec. 2011 we had 2473 homes active on the market, with 860 pending sales at the end of the month, and 744 sold homes for the month. These numbers show we have nearly 1/2 the homes on the market, with about the same number of sales pending and sold. We don't have nearly the inventory we had a year ago, making our market much stronger!

Call me at 480-275-9566 or check out my website for more stories! at www.sellingazwithrebecca.com

arizona homes sale, arizona homes sale arizona house arizona real estate az houses az real az real estate canadian investors canadian snowbirds chinese investors gilbert arizona gilbert az gilbert real estate home for sa, arizona house, arizona real estate, az houses, az real, az real estate, canadian investors, canadian snowbirds, chinese investors, gilbert arizona, gilbert az, gilbert real estate, home for sale in arizona, homes for sale in san tan valley az, homes for sale valley, homes in az for sale, houses for sale, houses in Arizona for sale, johnson ranch, queen creek, queen creek arizona, queen creek az, real estate arizona, real estate az, san tan, san tan heights, san tan heights homes in az for sale, san tan valley arizona, san tan valley real estate, valley homes sale, where is san tan valley az.

New 2013 Tax on Home Sales

Beginning January 1, 2013, a new 3.8 percent tax on some investment income will take effect. Since this new tax will affect some real estate transactions, it is important for REALTORS® to clearly understand the tax and how it could impact your clients. It’s a complicated tax, so you won’t be able to predict how it will affect every buyer or seller.

To get you up to speed about this new tax legislation, the NATIONAL ASSOCIATION OF REALTORS® has developed this informational brochure. On the following pages, you’ll read examples of different scenarios in which this new tax — passed by Congress in 2010 with the intent of generating an estimated $210 billion to help fund President Barack Obama’s health care and Medicare overhaul plans — could be relevant to your clients.

http://www.homeownershipuniversity.com/consumer-protection/3-8-real-estate-sales-tax-goes-into-effect-2013-part-of-health-care-bill/

Call me at 480-275-9566 or check out my website for more stories! at www.sellingazwithrebecca.com

arizona homes sale, arizona homes sale arizona house arizona real estate az houses az real az real estate canadian investors canadian snowbirds chinese investors gilbert arizona gilbert az gilbert real estate home for sa, arizona house, arizona real estate, az houses, az real, az real estate, canadian investors,canadian snowbirds, chinese investors, gilbert arizona, gilbert az, gilbert real estate, home for sale in arizona, homes for sale in san tan valley az, homes for sale valley, homes in az for sale, houses for sale, houses in Arizona for sale, johnson ranch, queen creek, queen creek arizona, queen creek az, real estate arizona, real estate az, san tan, san tan heights, san tan heights homes in az for sale, san tan valley arizona, san tan valley real estate, valley homes sale, where is san tan valley az.