Local Market Facts fly in the Face of Recent Doomsday Articles
Posted: August 19, 2011 Filed under: Real Estate | Tags: Ask price, Average selling price, Distressed securities, Home (sports), Price, Property, Real estate, United States Leave a commentLocal Market Facts fly in the Face of Recent Doomsday Articles.
Good news is boring. Really?
I heard a report on the radio this morning that our prices have fallen 17% from this time last year. The radio voice seemed to enjoy spouting the news as if he were reporting the score of a blowout football game with the home team up by 48 points – and climbing- in the 3rd quarter. Bad news sells. This I understand. What I also understand is that this is not the news that matters. Behind that sad average are lots of unreported truths that indicate our real estate market is healing. Read the rest of this entry »
Landlords and Foreclosures…
Posted: January 19, 2011 Filed under: Real Estate | Tags: Eviction, Foreclosure, Landlord, Law, Leasehold estate, Property, Renting, Security deposit Leave a comment
House Bill 2766 enacted by the Legislature of the State of Arizona changed a number of landlord notification procedures involving properties under foreclosure. Landlords are now required to provide tenants with 90 days advance written notice of the date, time and place of the sale of the foreclosed property. In the absence of such notice, a tenant may recover the greater of actual damages or one month’s rent plus the amount of the security deposit and reasonable attorney fees if the landlord fails to provide proper notice.