Reviewing 2010 Real Estate
Posted by Judy Orr on
It's been an interesting year and I'm looking forward to year-end Scottsdale real estate sales statistics this year more than any other. We keep losing agents that can no longer earn a living selling real estate. However, 2010 has been one of my best years. It hasn't been easy and I've had to make some changes, but I've done well in a challenging market.
We Moved to a New Home
I'm glad I had my own home for sale as it helps me explain the market to my other 
sellers. I sold my Scottsdale home for less than what we paid for it in 2003. Add the new windows, two new bathrooms, remodeled family room, new carpet, hardwood floors, interior & exterior paint, etc., and we lost a lot of money.
However, we had happy times in that home for seven years…
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I receive many registrations daily from people who have found my website by using search terms such as Scottsdale real estate or Cave Creek homes, for example. Sometimes, I wonder how some people find my site since their searches are not in areas I work in, but they found my website using some kind of search terms.
Have we hit the bottom of low Scottsdale home price values? The optimists keep saying we should see an improvement at the end of 2011 and into 2012. They might be somewhat correct, let's face it, they're talking a year down the road.
Most of us will agree that "shadow inventory" comprises of properties that are bank owned that are not on the market for sale yet and can also include homes that will fall into foreclosure when loan modifications or short sales are not transacted.
When my parents moved to Mesa, Arizona, I could only try to imagine what kind of house they owned and what kind of subdivision it was in. Was it surrounded by desert? Did they see any scorpions or rattlesnakes? Why the heck did they decide to move to Arizona?!!!
One of the things I envisioned about Arizona was the idea that it was flooded with senior citizens driving the streets. Now I am one. People have that same idea for Florida since these are two popular retirement states. It’s funny how I was actually worried a bit after being picked up at the airport during my first visit. I figured the drive to my parent’s house would be like trying to avoid a bumper car situation.
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.