Is the Media Creating This Declining Market?
Posted by Judy Orr on
I made a post on Active Rain (a popular real estate blogging site with agents from all over the world) about Scottsdale homes for sale - current supply and demand. I put the following chart on that post showing factual information from April of last year to April of 2009. I did not make this chart myself - I copied it from a program that I utilize that gets the data from our MLS (multiple listing service). It is not easy to read here since I had to shrink it down to fit in this blog. But even without reading the numbers, you can see how many homes are up for sale (red) compared to those with contracts (blue) or that have already sold and closed (green). As of today, there are 332 Scottsdale homes for sale and this chart was compiled a few days…
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I had heard of something new coming on May 1st to the mortgage industry. I was trying to find out what it was, and I found out today. It is called the Home Valuation Code of Conduct, or HVCC for short. Do a search for either name and you will see some links explaining it, dating back to 2008.