From the monthly archives: May 2010
I heard this story last year, third hand. It has all the markings of an urban legend but I’m going to assume it’s true. A Realtor visiting Las Vegas struck up a conversation with a gal at a casino. When he said he was a Realtor, the gal got interested and said she used to [...]
Check out this post on Mike Orr’s new report on Phoenix area short sales. Don’t miss Mike’s report.
Voting open through June 7, 2010. Thanks to everyone for voting! I really appreciate it. I often think I spend WAAY too much time on my Home Sale News newsletters and doing analysis for this website. These polls really help me understand and put a “face” on the folks who read this stuff.
I think the Arizona Regional Multiple Listing Service (ARMLS) has done a great job with their new publication of Phoenix area real estate market statistics called STAT. ARMLS is the MLS for the Phoenix area. ARMLS has one marvelous advantage over everyone else when forecasting home prices a couple of months out, ARMLS actually knows [...]
Voting open through May 31, 2010.
This email from Jeff, brings up a good point. As people who have been previously foreclosed on or who have had a short sale get their credit restored, what effect will that have on the demand for homes? I think Jeff makes a good point. As those folks who were previously foreclosed on or who [...]
Dr. Jay Butler of Realty Studies at Arizona State University came out with his Phoenix area residential real estate sales and median price numbers for April 2010. Greater Phoenix – Median Home Price (Single-family resale homes. Excludes repossessions but includes sales by banks after they repossess. ASU calls these “Traditional Sales”) April 2010: $144,000 April [...]
She’s expecting a double dip in housing prices NATIONALLY. Phoenix is ahead of the curve on home prices so I don’t expect a double dip in the median home price in the Phoenix area although I do expect prices to start falling again in some areas of metro Phoenix. From Hussman Funds. With regard to [...]
Poll open for 1 week. You can only vote once.
I think I’ve struck on a way to understand the Greece financial crisis. Greece is like an Arizona real estate investor caught up in the housing boom and bust. Greece took out a bunch of mortgages. Greece lied on their loan applications. (It turns out the Greek government cooked the books and their finance statistics [...]
Feeling too chipper and optimistic this morning? Listen to this quick audio about Nouriel Roubini’s new book, “Crisis Economics”. (Here is the text version of the audio.) Amazon; Crisis Economics: A Crash Course in the Future of Finance
I suppose we got a slump after the scheduled end of $8,000 first-time homebuyer tax credit last November. The program, however, was extended before it ended. (When looking at the cost (in)effectiveness of the program, we should take the post-program price slump into account.) The program ended for good on April 30 so it will [...]
Dr. Jay Butler of Realty Studies at Arizona State University came out with his Phoenix area residential real estate sales and median price numbers for March 2010. Greater Phoenix – Median Home Price (Single-family resale homes. Excludes repossessions but includes sales by banks after they repossess. ASU calls these “Traditional Sales”) March 2010: $142,500 March [...]
Alert reader Lauren K. emailed me to say I was quoted in a Phoenix Magazine article about a real estate wheeler dealer. The article used a snarky quote of mine from a September 2008 post, “‘The blog Arizona Real Estate Notebook observed at the time: ‘Ahhh, real estate! You can file for bankruptcy protection for [...]
Looking for Something?
Recent Videos
McCormick Ranch Home on the Park - For Sale
Arizona Mortgage Market Update
Quick Look at Desert Ridge, Arizona
Weather report from Scottsdale Arizona
Thompson Peak Park in Grayhawk, Scottsdale AZ
Ultimate Phoenix Shadow Inventory Video
Arizona Shadow Inventory = 16 months (kinda)
Arizona Shadow Inventory of Foreclosures
Phoenix home sales HUGE
Phoenix Shadow Inventory of Homes
64 queries. 1.365 seconds.