Thanks goes out to Fletcher Wilcox one of our favorite title companies who keeps a close eye on the Arizona real estate market for us.

Overview of report below:

· January 2014 Foreclosure Starts Lowest in Over a Decade, page 6

· Four Reasons Why the Number of Potential Financing Homebuyers is Growing, page 7

· Qualified Buyers Gain Market Power in First Part of 2014, page 25

· 44,222 Possible Boomerang Buyers in 2014, page 12

· Some Reasons Why Existing Home Sales Are Down, page 17

· Dodd Frank Legislation and Lower FHA Loan Limit Likely to Reduce Sales in 2014, page 21

· Upcoming Real Estate Broker Symposium on Dodd-Frank, page 4

· Historic Review of Thirty Year Fixed Mortgage Rate, page 19

· How A One Percent Rise in Interest Rate Dramatically Changed Refinance Market, page 3

· Single Family Property Inventory Up, page 20

· January 2014 Median Single Family Sales Price Flat, page 22

· January 2014 Existing Single Family Sales Results, page 23