Aviano Homes for Sale - Snapshot of Inventory
There are still the same 5 homes listed for sale in Aviano.
The bank owned Savino for $419,900. 23 days on market.
The corporate relo Strada for $600K. 165 days on market.
The normal sale Blanca for $630K. 156 days on market.
The normal sale San Mateo with basement for $669K. 80 days on market.
The normal sale Mirador for $1,595,000. 485 days on market.
There are now 11 homes for lease in Aviano.
Between now and 1.17.12 there are 17 homes in Aviano with trustee sales scheduled and 4 units in the Villages. Most will be postponed. That is good.
This is from DSNews.com: I will add my own comments in bold italic font throughout.
"Pending Sales Decline Despite Signs of Economic Recovery"
Despite indications of economic recovery – such as job growth and some stabilization in home values – pending home sales dropped for the third consecutive month in September, according to the National Association of Realtors (NAR).
Nationally, pending sales of existing homes – including REOs and short sales – dropped 4.6 percent for the month, falling from an index level of 88.6 in August to 84.5 in September.
NAR’s pending home sales index is a forward-looking indicator that reflects contract signings but not closings.
“It is a very strange situation, because we have a record-high affordability index, meaning that it has never been a better time to buy” and yet, “people are not responding,” says Lawrence Yun, NAR’s chief economist. People are not responding because they are scared.
Yun terms America’s current monetary policy “contradictory and confusing.” While the Fed tries to bring liquidity to the market, other organizations are restricting liquidity, he says.
The government rolls out fairness ideas and the banks are still operating under that old fashioned and unfair capitalism thing.
The result is that consumers with the greatest financial capacity and high credit scores are forced into jumbo loans with higher interest rates, according to Yun.
“A combination of weak consumer confidence and continuing tight lending criteria held back home buyers, even though the private sector added nearly 2 million net new jobs in the past 12 months,” Yun states. I don't believe that 2 million number.
The greatest drop in pending home sales occurred in the Midwest, where pending home sales dropped 6.2 percent to 71.5. However, pending sales in the region are still 1.23 percent higher than in September 2010.
The South experienced the second-greatest drop, falling 5.5 percent over the month of September to 91.6. This rate is 5 percent higher than the rate seen last year in the South.
Pending home sales in the Northeast fell by 4.7 percent, arriving at 60.0 for the month. September pending sales in the Northeast are also higher than last year – by 4 percent.
The West experienced the smallest decline – a 2.1 percent drop – and ranks highest in pending sales in September – 105.8. Compared to last year, pending home sales in the region are 5.6 percent higher.
With the release of NAR’s Pending Home Sales Index, Yun also took the opportunity to express his support of reinstating the previous increase in the conforming loan limit. Agreed.
The temporary increase in the conforming loan limit expired at the end of September, but the Senate just voted to reinstate the temporary increase through 2013.
“Just leaving excessive cash to sit in banks and not work into the economy is a drag on the overall recovery,” Yun says. “We need a comprehensive approach to address housing issues – not additional impediments.” Not sure what comprehensive approach means but it sounds very smart. I'm not an economist, although I play one at home, but if the amount of regulation were lightened I'll bet the actions of the banks would be different.
Tags: aviano, desert ridge, phoenix, real estate, villages,fireside, arizona, short sale, foreclosure, toll brothers. Information and pictures supplied by Arizona Regional Multiple Listing Service and deemed reliable but not guaranteed. Proud to live, work and play in the greatState of Arizona.
The bank owned Savino for $419,900. 23 days on market.
The corporate relo Strada for $600K. 165 days on market.
The normal sale Blanca for $630K. 156 days on market.
The normal sale San Mateo with basement for $669K. 80 days on market.
The normal sale Mirador for $1,595,000. 485 days on market.
There are now 11 homes for lease in Aviano.
Between now and 1.17.12 there are 17 homes in Aviano with trustee sales scheduled and 4 units in the Villages. Most will be postponed. That is good.
This is from DSNews.com: I will add my own comments in bold italic font throughout.
"Pending Sales Decline Despite Signs of Economic Recovery"
Despite indications of economic recovery – such as job growth and some stabilization in home values – pending home sales dropped for the third consecutive month in September, according to the National Association of Realtors (NAR).
Nationally, pending sales of existing homes – including REOs and short sales – dropped 4.6 percent for the month, falling from an index level of 88.6 in August to 84.5 in September.
NAR’s pending home sales index is a forward-looking indicator that reflects contract signings but not closings.
“It is a very strange situation, because we have a record-high affordability index, meaning that it has never been a better time to buy” and yet, “people are not responding,” says Lawrence Yun, NAR’s chief economist. People are not responding because they are scared.
Yun terms America’s current monetary policy “contradictory and confusing.” While the Fed tries to bring liquidity to the market, other organizations are restricting liquidity, he says.
The government rolls out fairness ideas and the banks are still operating under that old fashioned and unfair capitalism thing.
The result is that consumers with the greatest financial capacity and high credit scores are forced into jumbo loans with higher interest rates, according to Yun.
“A combination of weak consumer confidence and continuing tight lending criteria held back home buyers, even though the private sector added nearly 2 million net new jobs in the past 12 months,” Yun states. I don't believe that 2 million number.
The greatest drop in pending home sales occurred in the Midwest, where pending home sales dropped 6.2 percent to 71.5. However, pending sales in the region are still 1.23 percent higher than in September 2010.
The South experienced the second-greatest drop, falling 5.5 percent over the month of September to 91.6. This rate is 5 percent higher than the rate seen last year in the South.
Pending home sales in the Northeast fell by 4.7 percent, arriving at 60.0 for the month. September pending sales in the Northeast are also higher than last year – by 4 percent.
The West experienced the smallest decline – a 2.1 percent drop – and ranks highest in pending sales in September – 105.8. Compared to last year, pending home sales in the region are 5.6 percent higher.
With the release of NAR’s Pending Home Sales Index, Yun also took the opportunity to express his support of reinstating the previous increase in the conforming loan limit. Agreed.
The temporary increase in the conforming loan limit expired at the end of September, but the Senate just voted to reinstate the temporary increase through 2013.
“Just leaving excessive cash to sit in banks and not work into the economy is a drag on the overall recovery,” Yun says. “We need a comprehensive approach to address housing issues – not additional impediments.” Not sure what comprehensive approach means but it sounds very smart. I'm not an economist, although I play one at home, but if the amount of regulation were lightened I'll bet the actions of the banks would be different.
Tags: aviano, desert ridge, phoenix, real estate, villages,fireside, arizona, short sale, foreclosure, toll brothers. Information and pictures supplied by Arizona Regional Multiple Listing Service and deemed reliable but not guaranteed. Proud to live, work and play in the greatState of Arizona.
