The Arizona Republic had a nice piece on the real estate market in Maricopa, Arizona. Two or three years ago, Maricopa got a ton of press, even national press, about being ground zero for the real estate bust. There was an article in the New York Times, a feature on ABC’s “Nightline,” and tons of [...]
We know the median home price in metro Phoenix increased from April to May by $4,000 (MLS data) to $5,000 (ASU data). Now you can see where those increases appeared, or didn’t appear, within metro Phoenix by looking at the zip code data provided here. All the zip code real estate charts available in the [...]
I got a bird feeder for Father’s Day and this morning was surprised and delighted to see what appeared to be green parrots at the feeder. After an internet search, it turns out they are Peach-faced Lovebirds. Although native to the Namibian desert in southwest Africa, they have escaped from captivity in many parts of [...]
The azcentral.com has a piece on Beth Jo Zeitzer, a Realtor who specializes in representing banks. She has about 400 lender-owned listings. Zeitzer doesn’t think she will continue at this pace, explaining that the market is hitting its bottom, at least with entry-level homes. She expects to be dealing with smaller numbers of higher-dollar properties [...]
(“MLS Listings” are measured at one point in time, usually the 15th day of the current month. “Median Price” of homes sold and the total number of home “MLS Sales” are for the entire preceding month.) Price (green line) The median price in metro Phoenix of single family homes sold via the MLS rose $4,000 [...]
Dr. Jay Butler of Realty Studies at ASU came out with his Phoenix area residential real estate sales and median price numbers for May 2009. Realty Studies is associated with the Morrison School of Management and Agribusiness at Arizona State University’s Polytechnic campus. Phoenix – Median Home Price (Excludes repossessions but includes sales by banks [...]
Gee, what could possibly be the problem? Two Florida homes had $1 million off coupons but the homes didn’t sell. Great marketing! One home was written up in the Wall Street Journal and was on TV programs in California and Chicago… and now it’s in Arizona Real Estate Notebook. You can’t buy that kind of [...]
So far this year in Arizona, more than 12,000 people and businesses have filed for bankruptcy.. She is seeing a type of client that she hasn’t seen since the 1980s — the so-called “financially healthy” client. “They can’t afford the consequences of all the real estate investments because the tax issues related to that, bankruptcy [...]
Burt Carlson of Smart Financial has the best weekly mortgage newsletter that I’ve seen so I asked Burt if I could post the information here on Arizona Real Estate Notebook. See below.
The son of Page, Arizona Realtor Heather Rankin shot this amazing video following a 2-inch downpour. One summer in college, I worked for the U.S. Forest Service on the North Kaibab so I got a taste of the mystery and magic of the nearby Marble Canyon area whenever I drove through. Interestingly, a few years [...]
Realtors like to collect the stupid things other Realtors write about homes in MLS listings. Here are my favorites taken from Los Angeles Realtor Gwen Banta’s list. (The parenthetical comments are Gwen’s.) “The lime in the crawl space is to absorb moisture.” (So what’s with the hatchet and the duct tape?) “The odor was from [...]
This is a variation on the theme in the post below about the possibilities of getting a loan after a foreclosure or short sale. (The short answer is, “Not for a while.”) The question I received was along these lines, “If I put down a very large down payment, could I get a loan to [...]
Yesterday I got two inquiries from folks who were considering walking away from their current under-water homes and they wanted to know about the possibility of buying another home given the great prices we now have in many areas. That’s a financing question, “Will lenders lend me money after I walk away?”, so I emailed [...]
How much down payment you make on your Arizona home is largely a financing issue. Your Arizona lender will require you to make a certain minimum down payment for the loan program you choose but there could be advantages to putting more money down. Talk to your lender. More Keep in mind that the larger [...]
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