Arizona Real Estate Notebook

I’m largely done with the makeover to this website, Arizona Real Estate Notebook. Yea! I still have to fiddle with the CSS (fonts, colors, and such). After a lot of hard (carpel tunnel creating) work, I finished the zip code Real Estate Notebook pages. Real Estate Data for 124 Phoenix Zip Codes On this website [...]

This sounds about right. … with the economy gradually recovering, employment improving, and the foreclosure problem apparently past its peak, odds are good 2011 will be a transition year in the Phoenix-area housing market Dr. Guntermann’s Phoenix real estate report.

“Since the start of the Great Recession, many former homeowners have flooded the rental market,” said Pete Flint, chief executive and co-founder of Trulia. “Following the principles of supply and demand, renting has become relatively more expensive than buying in most markets.” Via HousingWire.

Nice 2011 outlook interview with real estate economist (with a new home slant) John Burns from Lansner on Real Estate in Orange County. My Favorite Quotes I think prices along the coast will fall The good news is that we will have solid job growth, which will bring back some demand to the market My [...]

U.S. Housing Outlook Foreclosures in the U.S. topped 1 million last year for the first time ever. The good news is that things aren’t expected to get worse. I think we can safely put Tilson in the bouncing-along-the-bottom camp. But we might be there for a while. I’m convinced there’s no need for new homes [...]

Selon Societe Generale. “The overhang of foreclosed properties held by the U.S. banking sector is estimated to be in excess of 12 million units,” Ashur adds. “This volume of salable units will represent a drag on price improvement in the sector at least through the end of 2011 or until U.S. unemployment rates decline significantly.”

Later this month, the Salt River Fields stadiums for the Cactus League spring training of the Arizona Diamondbacks and the Colorado Rockies will open on the Salt River Pima-Maricopa Indian Community. The stadiums are just off the 101 at Via De Ventura, right next door to McCormick Ranch. Coincidentally, yesterday we finished updating our maps [...]

As Heather Barr over at The Phoenix Real Estate Agents points out, there’s not a lot of “down” left in interest rates. In my opinion, the bigger risk to potential home buyers right now isn’t that home prices will fall in the future if they buy now but that interest rates will rise in the [...]

The most popular 2010 posts (by pageviews): Barrett-Jackson live auction results – Scottsdale 2010 Arizona short sale vs. Arizona foreclosure – Important tax issues New Poll – “Today, if your house is worth half as much as you owe on it, is it wrong to walk away even if you can make the payments?” Getting [...]

A quick look at home price trends in metro Phoenix.

Liz put this together and sent it out to the family and friends last weekend. I think it’s cool because it tells a story. One kid (John) graduated from ASU with a B.S. in Bio-Engineering One kid (Chris) went to China with the ASU Honors College Liz went back to Iowa to visit the grand [...]