Phoenix Housing Market: How 2013 Compares to Years Past

The Phoenix Housing Market just completed calendar year 2013. That means it's time stack rank 2013 against the other years of this millennium.

First, let's set some ground rules based on the Arizona Regional MLS. Our MLS has made vendor and technology changes over the years. For the purposes of this article that means data for the Phoenix Housing Market can only be tracked back to the year 2000. I wasn't manually tracking data in the 1990's so we have 13 years to rank.
Phoenix Housing Market: Number of Sales
2013 came in 7th for overall number of sales. It's no surprise that 2005 was the

Phoenix Housing Market

Phoenix Housing Market Report December 2013

The Phoenix Housing Market continues to teeter on the edge of a buyers market. Inventory and foreclosure levels are virtually normal but demand is down. There's no clear indication which way things may turn. On one hand there is a new lending program to help people without a savings account and on the other hand there's still concern from the general population about the direction of governmental policies.

The Cromford Market Index (*see explanation below) is at 96.4 to begin January 2014, up from 95.8 in the beginning of December. So let's take a look at the numbers in the Phoenix Housing

Phoenix Housing Market

Near Zero Down Mortgage Available Through National Housing Fund

Zero Down Mortgages are a blessing for people with good income but without a savings account. If that sounds like you this may be your year to buy a home.

If you are a veteran of the U.S. Armed Forces you already have access to a zero down mortgage program through the Veterans Administration. If you are not a vet there is a new program following FHA guidelines with funds available through the National Housing Fund (a non-profit company) that is now available to you.

Though technically not a zero down mortgage it's almost as good because you need only 1/2 percent down payment. That means

Zero down mortgage

Metro Phoenix MLS Listings Stop Increasing

The Metro Phoenix MLS logged its 1st drop in active listings since June of 2013. The recently broken string of 6 consecutive increases in the Phoenix MLS began with 15,718 active listings in June 2013. At that time we were in a seller's market. After 6 months of increases the active listing count reached 24,063 in the Phoenix MLS. That's just short of the 25,000 listings that was customary in the normal market we experienced in the late 1990's and early 2000's.

At the height of foreclosure crisis the Metro Phoenix MLS had just under 55,000 active listings and we were clearly in a

Phoenix MLS