Arizona Real Estate Notebook

Minneapolis Fed working paper finds that homeowners with negative equity are not less likely to move. The conventional wisdom had been that the housing market was sluggish because so many homeowners couldn’t move because they had negative equity in their current homes. This study found that homeowners with negative equity were in fact slightly more [...]

I can’t believe it’s been since June that I’ve published this graph! I print them off for my own use each month. It’s the best single graph for explaining the Phoenix area real estate market. [Added - Now I know why I haven't published this graph in a long time, it takes a lot of [...]

Phoenix housing more affordable in 2010 than in 2000, according to Fannie Mae study. Click Graphic

Looking at how often people search in Google for “arizona homes” gives us a ballpark idea of the general level of interest people have in Arizona homes. I think it’s a decent indicator of the level of demand for Arizona homes. Sign that Demand for Arizona Homes is Increasing [video] Related Earlier Post: “Underlying demand [...]

Video comments on John Burns Real Estate Consulting, “Local Building Market Intelligence,” December 14, 2010. Well, I guess it’s more accurate to say the Phoenix employment market is doing great… relatively. I’m just thinking ahead! Increased employment will increase the demand side of the real estate market equation. Of course, it looks like the supply [...]

This Reuters article on real estate appraisal problems features two Phoenix area couples and their appraisal problems when trying to buy two Phoenix area homes. It’s a good summary of the current situation. One couple gave up because of the problems and in the end gave up and didn’t buy a home. Borrowers are watching [...]

Better Economic Forecast for Arizona Although about “half speed” in 2011, Arizona’s economic growth will be better than just about any other Western state, according to the Western Blue Chip Economic Forecast. Arizona’s employment picture has been gaining strength in recent months. In September, the state had the second-largest number of new jobs in the [...]

For details go to Dru Bloomfield’s blog.

Phoenix Police officers ordered to pay $450,000 for fraudulent mortgage deals The solicitors would persuade residents to transfer title of their home to the businesses at prices well below market value, investigators discovered. The investigation revealed that owners then were allowed to continue to live in their homes as renters with the option to repurchase [...]

From the Scottsdale Convention and Visitors Bureau. Cool video of the desert around Scottsdale, Arizona and ways you can go and explore it.

Sweet Girls Looking to Find True Puppy Love Please let me know if you or someone you know could provide a loving home. They do not need to be placed together. Thank you so much. Susan Violet Hi, I’m Violet and I have lots of love to give! You will find me very lovable and [...]