Happy New Year 2017 – Looking Ahead in Phoenix Real Estate

We have spent 7.5 years in an awesome growth period as a country. On the flip side, this makes us well overdue for a little recession. That's pretty amazing though - considering we've come a long way from foreclosure and losing our homes back in 2008. The interesting thing about being overdue for a recession is this: It's kind of like being overdue for a major earthquake in Los Angeles - except a tiny recession is much more likely to happen yet won't leave your life in shambles. This mini-recession will not be anywhere near as bad as 2008. We won't have to rebuild an entire city, or country, for that matter.   Here are … [Read more...]

Come to My Garage Sale!

Next weekend, I am going to have a garage sale.  My kids love garage sales, but I don't do them a lot.  I have never had one since we moved into this house three years ago.  I thought about it a while back - my garage seems to be getting cluttered with "stuff" and I would like to reclaim the space. But...this garage sale is not about space. Like so many people out there, I am battling right now with a dire financial situation.  It really sucks, that's just a fact.  I have felt so low I would have to reach up to touch the ground.  But I refuse to give up.  I have reached out to other people who are going through the same thing and  I am so … [Read more...]

A Time for Heroes and Champions

Yesterday was an extraordinary for me - a very bad day that taught me some very good things. I was devastated to learn that the short sale I have worked on since January - Chase Bank is a tough group to deal with - is being cancelled by the Buyer.  I am not sure which was harder to take - the fact that all that work seems to have gone to waste, or the fact that I will not receive the commission that was going to carry me through the next month.  Probably the latter...with the challenges facing each and every transaction, 25-35% of deals are falling out.  I have had more than my share lately, and the bank account is looking pretty empty.  So … [Read more...]

The Pride Thing

Pride is a powerful thing. It has been my motivation in tough times, but I now realize it  has also been my worst enemy.   Many events and achievements in my life have brought me great pride. Certainly my kids make me enormously proud. The fact that I am the first person in my family to graduate from college is a source of pride. I am proud that I can drive a stick shift - a skill I mastered by driving a 1960 Volkswagon Beetle through the hills of Palos Verdes - a car that surely is run by hamster power.  Yes, I am proud that I mastered that challenge.  I am proud that I can make bread, that I earned an 'A' grade in Partial Differential … [Read more...]

The Food Thing

OK, just to warn anyone who might be reading this blog, there are going to be a lot of postings...a LOT! Why, because I am a single mom with neither a hubby nor a shrink to consult with.  My therapy is this blog.  And on a day like this, I need two sessions. I am usually a pretty upbeat person, but some days, here lately, I cry a lot. And I hate it.  It is non-productive.  It really is.  Boo hoo, my problems are so bad. Well, after you sniff into a couple of Kleenex for 30 minutes, guess what? Your problems are still there. So, instead, I am going to write about one of the successes I have had in battling my economic crisis.  An area in … [Read more...]

My Do-It-Yourself Loan Modification – Yeah, They Work!

A few months ago, with my reserve funds depleted and a tough real estate market ahead, my financial situation was becoming dire.  With tough times ahead, I took a hard look at my financial situation and started to prioritize.  Sounds logical doesn't it? Actually, there have been a lot of tears and much lost sleep as I waded through my options.  But I eventually decided that my first step was to trim my budget as far as it would go, and the biggest ticket item is the house.   I bought my house when I got divorced.  It is less than a mile from where we used to live so the boys have all the same friends and go to the same schools.  It is about … [Read more...]