Is It Time to Make Your Move? The cost of waiting! Part 1

Available inventory is VANISHING!

Detecting signs of VANISHING Shadow Inventory

Check out this chart! —> Buyer Purchasing Power 

The percentage of shadow inventory is down 78% in Arizona!

What is Shadow Inventory: A looming mass of delinquent and foreclosed-upon homes that threatened to destabilize the market.

In April 2014, Corelogic released its most recent figures on Shadow Inventory.

• The national residential shadow inventory declined 23% year over year this past January.
• The inventory has experienced double digit year over year declines for each of the past 16 consecutive months.
• The shadow inventory from Jan 2013- Jan 2014 has decreased an average monthly rate of over 41000 properties, according to CoreLogic.

Why the decline?

• Healthy housing market.
• Prices have been going up at a steady pace, positive home equity, simple increase in home value over the last few years.
• An abundance of short sales or modifications.
• Reducing inventory=less opportunity= higher prices= QUESTION? Why wait?

Is it time to make your move? What are you waiting for?  

Apply today! www.fcfs.net 

First Class Financial Services

Leslie Nilsen                                                    

602.294.9288   http://www.fcfs.net

     MB#0902810 / NMLS # 162494

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