Arizona Real Estate Notebook

Take it with a grain of salt because the sample size is tiny but John Burns Real Estate Consulting just published this graph which shows the Phoenix new home market has improved far more than most since last year. Phoenix: Average net sales per community reached 2.5 this March, up from 1.7 last year. Builders [...]

From Calculated Risk. In 2011, residential investment will make a positive contribution to the economy for the first time since 2005. The five years of drag on GDP from RI (2006 through 2010) is the longest period on record, breaking the previous record of four years from 1930 to 1933 (yeah, the Great Depression). The [...]

From HousingStory.net. That chart looks pretty dang good but this gentleman’s collection of charts has a lot of scary ones as well. Before you get depressed looking at the national charts, just remember that Arizona is not the United States. Arizona will likely be one of the first real estate markets to get back to [...]

I just updated the zip code real estate market trend charts with the data for metro Phoenix home sales in March 2011. I might add comments tomorrow. Bottom Line • In most zip codes in metro Phoenix, home sales in March were as strong or stronger than last March — and last year we had [...]

Seattle Bubble used the graphic yesterday. The Seattle real estate market is running behind the Phoenix real estate market in this cycle, that’s for sure. I feel the Phoenix market is between Depression and Hope in the Cycle of Market Emotions.

Wow! March home sales were huge! But the median home price was essentially flat. I don’t expect that to last long. Watch the video for my comments. Video Comments

Via Yahoo Finance; “The Federal Reserve has kept its key rate near zero since December 2008, while most of the world’s other central banks are raising interest rates.” More signs of increasing pressure to increase interest rates.

This brilliant explanation from Philip Greenspun makes the Federal budget and federal deficit understandable! We have a family that is spending $38,200 per year. The family’s income is $21,700 per year. The family adds $16,500 in credit card debt every year in order to pay its bills. After a long and difficult debate among family [...]

Sure foreclosures are still incredibly high in Phoenix but we are seeing a lot fewer foreclosures than before and that change – that delta – is relieving the downward pressure on home prices for metropolitan Phoenix as a whole. And, in fact, the inventory of homes for sale in metro Phoenix is – dare I [...]

As subscribers to my weekly email newsletters, Home Sale News, know, I’m winding down the newsletters after nearly 10 years. The home sale information will still be available here on this website, Arizona Real Estate Notebook but I’ll eventually stop sending out Home Sale News (and I’ll avoid all the hassles and expense of the [...]