Mortgage Rate Changes are Good News for Phoenix
December 11, 2006
Home-Mortgage Rates Decline | online.wsj.com
Lower mortgage rates support Belfiore Real Estate Consulting forecasts that inventory and prices will stabilize in mid- 2007.
Data and Methodology are Off; Spec Inventory at Less than 10,000 Units
December 7, 2006
With 25,000 spec homes, now may be the time to buy | arizonarepublic.com
The figures reported in the publication are far from accurate. Our research puts the spec figure closer to 10,000 units.
A Forecast to Take to the Bank
November 27, 2006
Why the Housing Forecast is Mixed | online.wsj.com
Everyone has an opinion on when the housing market will hit bottom and rebound. We at Belfiore Real Estate Consulting believe you only need to understand one concept and follow one stat to predict the bottom of the residential market today.
The Upside in Today's Cancellations
November 14, 2006
The New Word in Home Sales: 'Cancelled' | online.wsj.com
Home builders are struggling with high cancellation rates and will likely continue to in the near-future. There is an upside to the cancellations, though. Many buyers are cancelling due to fear- fear that will dissipate at some point.
November 6, 2006
Some Builders Feel Heat From Holders, Lenders | online.wsj.com
Some builders seem to be feeding the downward trend in the residential real estate market. You should demand the builder lay out a well-thought plan for turning around its business.
Inventory of New Homes is Indeed Driving Prices Down
November 2, 2006
Rising Inventory of Unsold Homes May Put More Pressure on Prices | online.wsj.com
Like most major U.S. metropolitan areas, the Phoenix area is indeed struggling with high levels of inventory, and thus declining prices. Current market conditions reflect a trend of rising inventories, increasing incentives, and high cancelation rates, which are likely to continue through the next several months. Analysts shouldn't expect conditions to change soon.
A More Complete Analysis of Current Market Conditions
November 2, 2006
Prices of Houses Slip Again | www.azcentral.com
While the Arizona Republic quotes an economist from a respected local consulting firm and a housing analyst from Arizona State University, its Tuesday, September 13th "Prices of houses slip again" article misses the mark. As is the case all too often with newspaper and magazine articles, the data presented is limited, and the conclusions drawn from the data are incorrect.
Pressure will push Housing Prices Further South
November 1, 2006
Housing Decline Sparks Slowdown in Construction | online.wsj.com
As speculative new housing supply continues to increase and many builders face the pressure of year-end reporting, prices will be forced further downward.
Phoenix: Today's Market and Tomorrow
October 31, 2006
Home Prices Keep Sliding; Buyers Sit Tight | online.wsj.com
This review is a republication of Belfiore Real Estate Consulting's October 2, 2006 - KnowledgeBase Current and Future Market Conditions Insight Publication. The article is lengthy with information on the metro area and one of four metro area regions.
Option Financing the most Interesting Story to Follow
October 27, 2006
Cooldown Catching up with Builders | www.azcentral.com
Those following home builders and the effect of option contract defaults should watch closely during the next few weeks. Default notices are eminent for some of the big builders.
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