Arizona Real Estate Notebook

From John Burns Real Estate Consulting. I wonder what the equivalent graph for Arizona alone would look like. I assume it would show that most of the deleveraging in Arizona has already taken place and our debt is getting close to its historical relationship to our income. As seen in the chart above, from 2000 [...]

Elliot Pollack reports some positive economic trends in his newsletter this week. IHS Global Insight, a leading national economics firm, predicts that Arizona will be one of only five states that will grow at a rate of 2.0% or more annually, between now and 2017. Other states include Florida, Texas, Idaho and Utah. In that [...]

The quintessential “data blogger” Seattle Bubble on the President’s new mortgage relief program. The main reason I’m not a fan of this “help people refinance their underwater mortgage” program is what I said just above: It only “helps people to continue throwing good money after bad for decades to come.”

(Keep us in mind if you have a house to get sold, too.) 4 Bedrooms (2 are master bedrooms) + Office + Loft + 3.5 Baths + 2-Car Garage This 3,904 square feet home in the wonderfully designed master planned community of Tramonto in North Phoenix has an upgraded kitchen and an enchanting spiral staircase. [...]

This is the latest Case-Shiller data for Phoenix that splits the price index into three price level indices. This Case-Shiller index is the best data available for estimating actual appreciation (or depreciation). The most current data is through August 2011. Tier Breakpoints (August 2011) Low Tier – Up to $94,647 Middle Tier – $94,647 – [...]

The charts in the zip code pages now have data through September 2011. See right sidebar of homepage for links to the zip code pages. If you live in Scottsdale, Paradise Valley, Carefree, Cave Creek, Fountain Hills, Chandler, Gilbert, Tempe or Ahwatukee I have separate websites exclusively for those areas and you can subscribe to [...]

Phoenix Home Sales Metro Phoenix single family home sales (blue line) in September (6,747) were the most sold in any September since September 2009 (6,923) when sales were pumped up by the $8,000 first-time home buyer tax credit. Factoid: More than twice as many homes sold in metro Phoenix in September 2011 (6,747) than in [...]

Dr. Jay Butler of Realty Studies at Arizona State University came out with his Phoenix area residential real estate sales and median home price numbers for September 2011. I really disagree with Dr. Butler’s spin that the crash in Trustee Sales (homes sold at foreclosure auctions) in September was somehow bad. I don’t understand his [...]

I just updated the weekly tables of homes sold for all the zip code pages (right-hand column of home page). In addition, over the last two weeks I’ve improved the format of the tables to make them cleaner and easier to scan. I rearranged the order of the columns so that the address is now [...]

This is the latest Case-Shiller data for Phoenix that splits the index into price points. The different behavior of the 3 price levels in metro Phoenix is absolutely fascinating. This Case-Shiller index is the best data available for estimating actual appreciation (or depreciation) but the data is oldish, the most current data is through July [...]

I’ve wondered for a long time what would replace stainless steel and granite in the beautiful kitchen. Right now I don’t see a clear replacement on the horizon. I’m leaning, however, on engineered stone like Caesarstone to become more popular. These counter tops come in a zillion colors which is nice but more specifically, they [...]