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West Valley Market Stats — The Phoenix Real Estate Guy
Surprise real estate market snapshot 11-26-2009. I can pull similar reports and a great deal of other data for any Phoenix area city, town, or zip code. If you are interested in such a report or need any further information, …
Now Available: Mortgage Rate Widgets by State
Today, we updated our popular mortgage rate widgets so that you can add mortgage rates to your site according to state. So, if you live in California, you can add California mortgage rates . After we built the first set of mortgage rate widgets, we received a lot of requests to make them local. So, we built a way for users to select a region on the rate widget page . These new widgets have the same great functionality and graphs as the originals except that we now display the average rates for any chosen location. We hope this will help make the data more relevant to you and your site
Foreclosures Move Up-Market
Recently, there’s been a fair bit of anecdotal discussion around the assertion that foreclosures , once a problem just for the sub-prime segment of mortgages, have been moving up-market. That is, people are suggesting that we’re seeing more foreclosures in the mid- to high-end segments of the market. We thought we’d crunch some numbers to see how much truth there is to this idea.
Ira Rennert Mansion is Largest Home in the U.S.
Many complain that McMansions are unreasonably large for a single-family home, but McMansions have nothing on what is reportedly the largest home in the U.S . Located in Sagaponack, NY , this massive waterfront compound was built on 63 acres. Construction began in 1998 and was completed in 2003, but not without an outcry from the local community , many of whom believed it would be used as a hotel, business retreat or religious center. Not so
Foreclosure Data for Your State, City and Neighborhood
Some media outlets are starting to report that foreclosure rates in some states are starting to slow , the first sign of good news in the foreclosure space for a long time. Stemming the rate of foreclosures is a prerequisite for a turnaround in the housing market because it reduces the amount of new distressed inventory in the pipeline. Zillow now shows local data down to the neighborhood level on our Local Info pages. There are two foreclosure statistics that you can drill into for your specific geography: “Homes Foreclosed” and “Foreclosure Resales.” Homes Foreclosed is the percent of all homes in a geography which were foreclosed upon in that time period. So for example, 0.5% (1 in 1000 homes) in Phoenix were foreclosed upon in July (chart above).
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