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	<title>Arizona Real Estate Notebook</title>
	<link>http://www.arizonarealestatenotebook.com</link>
	<description>Arizona real estate news by John Wake, Associate Broker, HomeSmart</description>
	<pubDate>Sun, 11 May 2008 20:30:44 +0000</pubDate>
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	<language>en</language>
			<item>
		<title>How not to sell a home</title>
		<link>http://www.arizonarealestatenotebook.com/2008/05/07/how-not-to-sell-a-home/</link>
		<comments>http://www.arizonarealestatenotebook.com/2008/05/07/how-not-to-sell-a-home/#comments</comments>
		<pubDate>Thu, 08 May 2008 06:04:55 +0000</pubDate>
		<dc:creator>John Wake - Real Estate</dc:creator>
		
		<category><![CDATA[Arizona Real Estate News]]></category>

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		<description><![CDATA[I&#8217;ve been showing homes for 6 days straight with 4 different clients.  The results were one contract, one likely contract, and two will wait until next fall before pulling the trigger.  It feels like 2005.
I&#8217;m starting to see some homes that really surprise me with how inexpensive they are.  I haven&#8217;t seen [...]]]></description>
		<wfw:commentRss>http://www.arizonarealestatenotebook.com/2008/05/07/how-not-to-sell-a-home/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Will the U.S. dollar begin to appreciate against the Canadian dollar?</title>
		<link>http://www.arizonarealestatenotebook.com/2008/05/03/will-the-us-dollar-begin-to-appreciate-against-the-canadian-dollar/</link>
		<comments>http://www.arizonarealestatenotebook.com/2008/05/03/will-the-us-dollar-begin-to-appreciate-against-the-canadian-dollar/#comments</comments>
		<pubDate>Sat, 03 May 2008 07:14:04 +0000</pubDate>
		<dc:creator>John Wake - Real Estate</dc:creator>
		
		<category><![CDATA[U.S. Real Estate]]></category>

		<guid isPermaLink="false">http://www.arizonarealestatenotebook.com/2008/05/03/will-the-us-dollar-begin-to-appreciate-against-the-canadian-dollar/</guid>
		<description><![CDATA[Well, international monetary traders are betting on the U.S. dollar appreciating against the euro.  Don&#8217;t know their outlook regarding the Canadian dollar exchange rate.
Canadians planning to buy an Arizona home might want to consider getting their ducks in a row (that is getting their (Canadian) home equity line of credit completed) and putting some [...]]]></description>
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		</item>
		<item>
		<title>Case-Shiller Phoenix Home Price Indices updated through February 2008</title>
		<link>http://www.arizonarealestatenotebook.com/2008/05/02/case-shiller-phoenix-home-price-indices-updated-through-february-2008/</link>
		<comments>http://www.arizonarealestatenotebook.com/2008/05/02/case-shiller-phoenix-home-price-indices-updated-through-february-2008/#comments</comments>
		<pubDate>Fri, 02 May 2008 19:53:28 +0000</pubDate>
		<dc:creator>John Wake - Real Estate</dc:creator>
		
		<category><![CDATA[U.S. Real Estate]]></category>

		<guid isPermaLink="false">http://www.arizonarealestatenotebook.com/2008/05/02/case-shiller-phoenix-home-price-indices-updated-through-february-2008/</guid>
		<description><![CDATA[Phoenix homes have depreciated 24% from their peak value in June 2006 according to my analysis of the Case-Shiller data.
From the August 2007 mortgage meltdown to this latest data for February 2008, prices fell 17%, or almost 3% per month.  
And the fall continues to accelerate but at a decreasing rate according to the [...]]]></description>
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		</item>
		<item>
		<title>Arizona Real Estate Market at a Glance - Updated with March 2008 Data</title>
		<link>http://www.arizonarealestatenotebook.com/2008/05/01/arizona-real-estate-market-at-a-glance-updated-with-march-2008-data/</link>
		<comments>http://www.arizonarealestatenotebook.com/2008/05/01/arizona-real-estate-market-at-a-glance-updated-with-march-2008-data/#comments</comments>
		<pubDate>Thu, 01 May 2008 14:09:38 +0000</pubDate>
		<dc:creator>John Wake - Real Estate</dc:creator>
		
		<category><![CDATA[Arizona Real Estate News]]></category>

		<guid isPermaLink="false">http://www.arizonarealestatenotebook.com/2008/05/01/arizona-real-estate-market-at-a-glance-updated-with-march-2008-data/</guid>
		<description><![CDATA[I&#8217;ve had this graph for a while and was planning to do something fancy with it with video but I&#8217;ve been too busy with clients.  My schedule is super charged the next week so I&#8217;m just going to do it the old fashioned way.
Price (green line)
The median home price fell to $210,000 in March [...]]]></description>
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		</item>
		<item>
		<title>San Diego - How much cheaper are foreclosed homes?</title>
		<link>http://www.arizonarealestatenotebook.com/2008/04/30/san-diego-how-much-cheaper-are-foreclosed-homes/</link>
		<comments>http://www.arizonarealestatenotebook.com/2008/04/30/san-diego-how-much-cheaper-are-foreclosed-homes/#comments</comments>
		<pubDate>Wed, 30 Apr 2008 19:07:46 +0000</pubDate>
		<dc:creator>John Wake - Real Estate</dc:creator>
		
		<category><![CDATA[U.S. Real Estate]]></category>

		<guid isPermaLink="false">http://www.arizonarealestatenotebook.com/2008/04/30/san-diego-how-much-cheaper-are-foreclosed-homes/</guid>
		<description><![CDATA[San Diego foreclosures are a lot cheaper!
In San Diego County, California, &#8220;Single-family houses in foreclosure sold for a median price of $365,000, compared with a median of $500,000 for nonforeclosures. The 2005 peak in that category was $565,000.&#8221;
Throw in a study from a university professor.
In areas with no foreclosure sales, the median house price dropped [...]]]></description>
		<wfw:commentRss>http://www.arizonarealestatenotebook.com/2008/04/30/san-diego-how-much-cheaper-are-foreclosed-homes/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Inside the Liar&#8217;s Loan</title>
		<link>http://www.arizonarealestatenotebook.com/2008/04/29/inside-the-liars-loan/</link>
		<comments>http://www.arizonarealestatenotebook.com/2008/04/29/inside-the-liars-loan/#comments</comments>
		<pubDate>Wed, 30 Apr 2008 04:58:35 +0000</pubDate>
		<dc:creator>John Wake - Real Estate</dc:creator>
		
		<category><![CDATA[U.S. Real Estate]]></category>

		<guid isPermaLink="false">http://www.arizonarealestatenotebook.com/2008/04/29/inside-the-liars-loan/</guid>
		<description><![CDATA[I&#8217;ve railed against liar&#8217;s loans here.
Now a professional writer at Slate explains liar&#8217;s loans and the mortgage meltdown better than I ever could.
The term is mortgage-industry slang for what&#8217;s more formally called a &#8220;stated income&#8221; mortgage—a mortgage that a lender gives without checking tax returns, employment history, or pretty much anything else. Many of the [...]]]></description>
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		</item>
		<item>
		<title>U.S. Housing Slump May Exceed Great Depression</title>
		<link>http://www.arizonarealestatenotebook.com/2008/04/27/us-housing-slump-may-exceed-great-depression/</link>
		<comments>http://www.arizonarealestatenotebook.com/2008/04/27/us-housing-slump-may-exceed-great-depression/#comments</comments>
		<pubDate>Sun, 27 Apr 2008 15:55:32 +0000</pubDate>
		<dc:creator>John Wake - Real Estate</dc:creator>
		
		<category><![CDATA[U.S. Real Estate]]></category>

		<guid isPermaLink="false">http://www.arizonarealestatenotebook.com/2008/04/27/us-housing-slump-may-exceed-great-depression/</guid>
		<description><![CDATA[From the Wall Street Journal;
&#8220;Yale University economist Robert Shiller, pioneer of Standard &#038; Poor’s/Case-Shiller home-price index, said there’s a good chance housing prices will fall further than the 30% drop in the historic depression of the 1930s. Home prices nationwide already have dropped 15% since their peak in 2006, he said.&#8221;
]]></description>
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		</item>
		<item>
		<title>The Reverse Ripple Theory of Metropolitan Home Price Corrections</title>
		<link>http://www.arizonarealestatenotebook.com/2008/04/27/the-reverse-ripple-theory-of-metropolitan-home-price-corrections/</link>
		<comments>http://www.arizonarealestatenotebook.com/2008/04/27/the-reverse-ripple-theory-of-metropolitan-home-price-corrections/#comments</comments>
		<pubDate>Sun, 27 Apr 2008 14:57:30 +0000</pubDate>
		<dc:creator>John Wake - Real Estate</dc:creator>
		
		<category><![CDATA[Arizona Real Estate News]]></category>

		<guid isPermaLink="false">http://www.arizonarealestatenotebook.com/2008/04/27/the-reverse-ripple-theory-of-metropolitan-home-price-corrections/</guid>
		<description><![CDATA[I have a theory that areas that are the most over-priced will &#8220;correct&#8221; more quickly than other areas.
Below is a post I had published about 3 weeks ago in an U.S. housing stocks blog called &#8220;Seeking Alpha.&#8221;
______________________________
The Reverse Ripple Theory of Metropolitan Home Price Corrections
You drop a rock in water. The ripple is largest at [...]]]></description>
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		</item>
		<item>
		<title>Anthem real estate market tightening up</title>
		<link>http://www.arizonarealestatenotebook.com/2008/04/26/anthem-arizona-real-estate-market-tightening-up/</link>
		<comments>http://www.arizonarealestatenotebook.com/2008/04/26/anthem-arizona-real-estate-market-tightening-up/#comments</comments>
		<pubDate>Sun, 27 Apr 2008 05:18:24 +0000</pubDate>
		<dc:creator>John Wake - Real Estate</dc:creator>
		
		<category><![CDATA[Arizona Real Estate News]]></category>

		<guid isPermaLink="false">http://www.arizonarealestatenotebook.com/2008/04/26/anthem-arizona-real-estate-market-tightening-up/</guid>
		<description><![CDATA[While running an MLS listings report for Anthem last weekend, I was stunned by the high number of homes under contract in Anthem.
ARIZONA 85086 - INCLUDES ANTHEM
MLS Resale, Single Family Homes Under Contract to Buyers on April 26, 2008: 165
Not all of those homes under contract are going to close and not all of the [...]]]></description>
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		</item>
		<item>
		<title>Keep this in mind whenever an economist (including me) talks</title>
		<link>http://www.arizonarealestatenotebook.com/2008/04/25/keep-this-in-mind/</link>
		<comments>http://www.arizonarealestatenotebook.com/2008/04/25/keep-this-in-mind/#comments</comments>
		<pubDate>Fri, 25 Apr 2008 14:30:01 +0000</pubDate>
		<dc:creator>John Wake - Real Estate</dc:creator>
		
		<category><![CDATA[U.S. Real Estate]]></category>

		<guid isPermaLink="false">http://www.arizonarealestatenotebook.com/2008/04/25/keep-this-in-mind/</guid>
		<description><![CDATA[From a nice little bit about doom sayers (and cars).
Stanford economist Paul Ehrlichs 1968 book &#8220;The Population Bomb,&#8221; which opined that, &#8220;The battle to feed humanity is over. In the 1970s&#8230;hundreds of millions of people including Americans are going to starve to death.&#8221;
]]></description>
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