While the increase in home values over the last two years, from an almost five year fall to the lows, home buyers and sellers are concerned that Phoenix may be heading towards another bubble.  While it is only normal to worry about losing money or going under water on home values, based on the available data, Phoenix does not appear to be heading for another bubble.

Michael Orr, the Director of The Center for Real Estate Theory and Practice at Arizona State University, described what is happening right now in Phoenix as "a fast bounce."  "If prices can go down fast, they should be allowed to go up fast as well," he in a recent commentary on the Phoenix housing market.

One of the main reasons for the severe downturn was investors who had come looking…

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By Ilyce Glink /MoneyWatch

If the real estate recovery is a baseball game, we're in the fourth or fifth inning.

So what will the rest of the game look like?

Experts from the Urban Land Institute unveiled their view of how the rest of the recovery will play out in their Emerging Trends in Real Estate report, released this week at the land use and planning nonprofit's annual conference in Chicago. 

The group highlighted a number of housing trends we can expect to see playing out over the next few years, based on surveys and interviews with real estate developers, investors, lenders, servicers and builders.

Millennials are moving the market, but not as homeowners 

Though the so-called Millennial generation…

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  • October Pending Sales Dip 2.7%
  • Inventory up 5.5%
  • Closed Sales up 12.5% YTD
  • Prices up 7.7% YTD 

Home sales "pause" with government shutdown, but brokers mostly bullish on market recovery:

KIRKLAND, Wash. (Nov. 5, 2013) – Home sales "paused" during October but prices continued to rise, according to the latest statistics from Northwest Multiple Listing Service. Commenting on year-to-date totals for 2013 compared to 2012, one industry expert remarked, "I would say the real estate market is recovering nicely."

Pending sales during October dipped 2.7 percent when compared to the same month a year ago, but rose nearly 3.2 percent from September’s volume. October’s decline was the first negative change in…

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Verrado is currently sitting at 65 active homes for sale, including 7 homes accepting back up offers.  There are now currently 32 pending homes in Verrado, with 14  of these new construction homes or presale lots.  Overall, new construction home activity remains consistent, but the overall market has not seen the fall activity bump we normally see once the weather cools down; possibly due to interest rate hikes and the political turmoil over the last number of weeks.  However, if you, or anyone you know, is looking at new construction, Axia Home Loans is currently offering a lock and shop program that will allow you to lock a rate up to six months in advance.

Now when shifting over to sold homes in Verrado, we are still holding at 67 homes sold over…

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Many prospective home buyers may have questions or concerns as to whether they should continue to rent or if buying a home now is a smart idea. Home ownership provides numerous benefits to both the individual home owner and to the community they live in. Studies have been conducted that attribute greater success and achievement in school to those children whose parents are home owners. Communities are also impacted in other positive ways when there is a higher percentage of home ownership within a community. 

Aside from the social implications, prospective home owners still need to consider the “dollars and cents” when looking at a “Rent vs. Own” comparison. An Axia Mortgage Professional can walk you through the…

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The news is not in. The Jobs Report for September was not reported as normal last week due to the government shutdown, and could be the first of several key reports delayed.

                        The government shutdown has had a wide-reaching impact on many people and services across the country. But it could soon take a backseat to the looming October 17 deadline for the debt ceiling.

What is the debt ceiling? The debt limit, currently at $16.7 trillion, is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments. The…

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Verrado is currently sit at 70 homes for sale (including 7 under contract but accepting back up offers), with 5 short sales and 3 REO lender owned homes.  There are now currently 28 pending homes in Verrado, with 14  of these new construction homes or presales.  Overall, new construction home activity remains brisk, but the overall market remains slow; possibly due to interest rate hikes and uncertainty around the government shut down.  If you are looking at new construction, Axia Home Loans is currently offering a lock and shop program that will allow you to lock a rate for up to six months.

Now when shifting over to sold homes in Verrado, we are holding at 67 homes sold over the last 90 days, on par with the last report.  The average closed price of…

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Last Week in Review: There was surprising news from the Fed. Plus inflation remains tame while housing continues to strengthen.
Forecast for the Week: This week's calendar is busy, with key news on inflation, housing, Gross Domestic Product and more.
View: Do you have a habit of rambling when leaving voicemail messages? Follow these simple tips for leaving clear and focused messages

"Listen to what the man said." The   title of Paul McCartney's hit song also applied to Fed Chairman Ben Bernanke   last week, as the Fed made an important decision that impacted the markets   and home loan rates. Read on for details. 
 
          Last Wednesday, the Fed   unexpectedly delayed tapering of its Bond purchase program…

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Verrado newly listed homes has slowed over the summer as we currently sit at 67 active Verrado homes for sale (including 6 under contract but accepting back up offers), with 4 short sales and 3 REO lender owned homes.  There are now currently 31 pending homes in Verrado, with now only 11 new construction homes.  Overall, new construction home activity remains brisk, but overall the market has slowed due to the hot summer weather and a recent move up in interest rates.  However, Axia Home Loans is currently offering a lock and shop program that will allow home buyers to lock their rate for up to six months.

Now when shifting over to sold homes in Verrado, we find a total of 67 homes sold over the last 90 days, down 23 closings from the last report. …

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