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Last year there were 41 condos and townhomes sold in Pinetop-Lakeside, for a total of $5.29M. This compares to 45 sold in 2010 for a total of $7.35M. Sales prices were down 28% in 2011 compared to 2010. Property values also declined sharply in 2011. The...
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The following article was published in RealtyTrac's July 2011 Foreclosure Market Trends Report 1.17 Million Homes Receive Foreclosure Notice During First Six Months of the Year Second Quarter Numbers Lowest Since Fourth Quarter of 2007 IRVINE , Calif....
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Although our market isn’t as bad as the Phoenix area, of all the homes sold in Navajo and Apache Counties in 2010, 47% were foreclosed properties or short sales. These “distressed” sales have had a major impact on property values. Year-to-date...
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The following article was published in RealtyTrac's April 2011 Foreclosure Market Trends Report Processing Delays Drop Foreclosure Activity to Lowest Total Since Q1 2008 March Default Notices and Bank Repossessions Rebound From Three-Year Lows IRVINE,...
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The following was reported by The New York Times, March 3, 2011: A Plan to Phase Out Fannie Mae and Freddie Mac A PROPOSAL to phase out Fannie Mae and Freddie Mac, the government-controlled enterprises that for decades have underpinned the American housing...
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