To celebrate 8 years in real estate, I present to you: The History of Phoenix Real Estate (since 2005). It's been quite a wild ride since I got my real estate license...let's catch up, shall we? For all practical purposes, our Phoenix real estate market has experience an economic disaster that is quite similar to a Category 5 … [Read more...] about The History of Phoenix Real Estate (at least since 2005)
The insanity is not just continuing, it's out of control. Inventory is still falling, prices are climbing, and tears are flowing as buyers suddenly realize the home-ownership train is leaving the station without them. Here are the cold hard numbers and a couple of survival tips for you! Kristin … [Read more...] about Phoenix Real Estate Market – May 2012 – INSANITY
Are We Really Running Out Of Houses? The real estate market in Phoenix continues to return to a more "normal state" whatever that means. Prices are edging up especially in price ranges below $250K, and inventory has dropped below the 2 month mark. Yikes! Think the shadow inventory is going to replenish the market - don't be … [Read more...] about What’s Happening in Phoenix Real Estate – April 2012
Have your people call my people Distressed property sales are a real pain in the backside. We all know the challenges associated with short sales, but REO property sales are often just as frustrating. Those of us out here in the trenches are constantly lamenting about the less than stellar services provided by REO listing … [Read more...] about Hey Listing Agents…Help Us Help You!
We have been hearing about it for over a year - the great tsunami of foreclosures that the banks are hoarding that will eventually flood the market and tank our fledging recovery. But is this fact or fiction? Here's a look at the numbers here in Phoenix... … [Read more...] about The Great Tsunami of Foreclosures – Shake up or Shaky Ground?
A wrap-up of the Phoenix real estate market, brought to you by a couple of Lego people. This week: Inventory levels. … [Read more...] about Here in Phoenix Friday Morning News – 12-13-2009
A recent article in the Wall Street Journal on Strategic Defaults caught my attention. The article discusses why more homeowners who find themselves underwater on the mortgage are making the decision that they are better off financially by defaulting on their mortgages and renting. Check out the entire article in the Wall … [Read more...] about The American Nightmare – Why More Homeowners are Walking Away
Over 4,600 homes were auctioned at Trustee Sale in Maricopa County over the last month. Here is an overview of how Trustee Sales work (first in a series), who is involved and which homes make it to the auction. … [Read more...] about How Trustee Sales Work (Part 1)