A Month of Extremes in the Valley

March in Phoenix was a month of extremes, but extremes that made sense in a newly-functional real estate market. We saw 12-month lows (number of homes for sale) and 12-month highs (sale-to-list, median home price, median price per square foot) that combine to indicate that the forces of supply and demand are finally at play… Read More

Bank Owned Homes with Tenants?

I’ve recently come across bank owned homes (REOs) with tenants occupying the property. While the details of these tenant occupied REOs is still unclear, the agents listing these properties have made it very clear the homes are not easy to sell and they expect many bank owned homes will be tenant occupied in the future…. Read More