Market Trends e-Newsletter

Nationwide Agent Network Brad Bergamini Realty Executives Northern Arizona , , "I am available locally to assist you in purchasing a foreclosure property or another property best suited to your needs. Buying or selling, I am here to act as your local real estate specialist." Phone: 928-777-0257 Email: Re@welcometoprescott.com License #: AZ August 2013 Volume 7, Issue 9 Download PDF File 6 month Arizona Foreclosure Trends NOD NTS NFS LIS REO Search for Investment Properties> Top 15 Retirement Hot Spots for Real Estate Investing RealtyTrac released a new report Thursday morning on real estate investing in cities that are retirement hot spots — where at least one-third of the population is retirement age or older. These markets will very likely be an area of growth in the housing market over the next 15 years as baby boomers retire in greater numbers. The baby boomer generation started retiring in 2011, a trend that will continue through 2029. Featured in this report are the top 15 retirement hot spots for real estate investing based on price appreciation and capitalization rates, and we've also provided 10 tips on investing in real estate using retirement accounts like IRAs or even 401ks. Complete Story U.S. Foreclosure Activity Decreases 14 Percent in June to Lowest Level Since December 2006 Despite 34 Percent Jump in Judicial Scheduled Foreclosure Auctions By RealtyTrac Staff A total of 801,359 U.S. properties with foreclosure filings in the first half of 2013, a 19 percent decrease from the previous six months and down 23 percent from the first half of 2012. A total of 127,790 U.S. properties had foreclosure filings in June, down 14 percent from the previous month and down 35 percent from a year ago to the lowest monthly level since December 2006 — a six and a half year low. Complete Story Here are some of the most recent Investment opportunities in the area. Bank-Owned   Terrace View Dr Prescott, AZ 86301 ·         Amount ·         $60,000 ·         Beds/Bath ·         Sq. FT ·         0/0 ·         4,733   Property Type Address Amount Default Sq. Ft.   Auction Auction Date: 9/30/13 W Johnny Mullins Dr, Prescott, AZ 86305 $355,595 N/A 1,933 GET DETAILS View more properties in Yavapai County David M. Blitzer and Housing Booms and Busts By Octavio Nuiry, Senior Staff Writer In an article published in the June 2013 issue of the Foreclosure News Report — titled "The Housing Bubble: Black Swan or Ugly Duckling" — David M. Blitzer, managing director and chairman of the Index Committee for S& P Dow Jones, explains that housing bubbles aren't that rare nor are they uniquely an American event. He writes that volatile home prices occurred recently in England, Ireland and Spain. Even Hong Kong saw prices rise and fall in 2003, losing 40 percent before rebounding again in 2012. In fact, he writes, housing booms and busts have happened for hundreds of years — in Europe, Asia and the United States. And they will continue to take place, he argues Complete Story Foreclosure Trends : June, 2013 National Arizona Yavapai CTY NODs 8,744 0 0 NTSs 25,242 1,784 52 NFSs 28,296 0 0 LISs 30,001 0 0 REOs 35,507 1,416 61 Notice of Default (NOD) A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD Lis Penden (LIS) Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS Auction / Notice of Trustee's Sale (NTS) A filing by notice announcing a public auction. More about NTS Notice (Judgment) of Foreclosure Sale (NFS) An order signed by a judge directing to sell the property at public auction. More about NFS Real Estate Owned (REO) The final step in foreclosure process in which property ownership returns to lender. More about REOs