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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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There have been 24 condos and townhomes sold in Pinetop and Lakeside in 2010. This compares to 23 sales during the same period last year. The average price of the homes sold in 2010 was $172,775, compared to $203,180 in 2009. This is a drop of 15% since
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So far, in 2010 there have been 179 homes sold in the Pinetop, Lakeside and Show Low areas with a median sales price of 164,500. During the same period last year there were only 117 homes sold and the median sales price was $164,500. This is a 14.8% decline
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About one-half of all the homes sole in Pinetop, Lakeside and Show Low over the last six months were either bank owned or short sales. The large percentage of foreclosures has caused a large drop in property values. When a bank forecloses on a home they
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There have been 42 homes sold in Pinetop, Lakeside, and Show Low so far in 2010. 21 of these sales were REO (foreclosed or bank owned) properties and 4 of them were short sales. The high percentage of distressed sales is driving property values down,
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NEW YORK (Reuters) – The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed " short sales " of homes and other loan modification alternatives to stem a rising tide of foreclosures. The Home Affordable
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During the first three quarters of 2009 homes sales in the Pinetop-Lakeside and Show Low areas dropped 23% compared to the same period last year, and the median price of the homes sold was down 27%. Here is a breakdown by area: TOTAL SALES Pinetop Country
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RealtyTrac reports that Mountain's Meadow LLC and Pineview Properties LLC has received Notice of Trustee Sale. They are the owners of record for Mountain's Meadow in Show Low, which is located behind Walgreens, and is marketed as a gated, Active
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Rate of Absorption is one method of analyzing the real estate market, and estimates how long it will take to sell the current inventory of homes on the market based on the rate of recent sales. All this is, is the number of homes on the market divided
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According to RealyTrac’s U.S. Foreclosure Marketing Report, foreclosure activity in Arizona rose 31% in May compared to May 2008. In Navajo County foreclosure filings were up over 177% compared to a year ago. RealtyTrac also shows an increase in
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According to RealtyTrac Foreclosure Reports Torreon Meadows (north of Torreon off of Hwy 60) and Bison Crossing (off Old Linden Rd. across from Needles Creek) have received Notice of Trustee Sale. Torreon Meadows consists of two parcel owned by GW Investors
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Sales of vacation homes dropped 30.8% across the country last year according to the 2008 National Association of REALTORS @ Investment and Vacation Homes Survey. This compares to only a 13.2% drop in sales for primary residences. Second homes (including
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