Category Archives: Market Conditions
National Home Prices flat in July
Yesterday CoreLogic released their monthly Home Price Index. According to the report, nationally prices remained flat in July while transaction volume declined. It was the first time in five months that no year-over-year gains were reported. Mark Fleming, chief economist … Continue reading
Poll: Is it immortal or unethical for homeowners to walk away from their mortgage?
Every week I receive an e-mail from the Phoenix Business Journal highlighting stories about the residential real estate market in Phoenix. Today I received a link to an article with a poll asking for comments as to whether people think … Continue reading
Phoenix North East Valley Real Estate in the News…again!
On Tuesday I was contacted by an Inman News reporter that had previously interviewed me and published a story about cash buyers. She wanted me to share my thoughts about the July’s existing home sale figures that had just been released and … Continue reading
Seller’s RIDICULOUS Counter Offer on a Bank Owned Home (REO)
I have a CASH buyer that made a FULL PRICE offer on a bank owned home in Queen Creek with $1000 earnest deposit, no contingencies, (he did not ask for seller assistance with closing costs) and wants to close in … Continue reading
Posted in Buyers, Foreclosure/Short Sales, Market Conditions
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Arizona Regional Multiple Listing Service (ARMLS) Reports thru July
In an effort to keep my past, present, and future customers up to date on the Phoenix Residential Real Estate market, below are links to the Arizona Regional Multiple Listings Service (ARMLS) August reports. These reports contain the numbers thru the previous month. … Continue reading
Posted in Market Conditions, Market Stats/Analysis
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Arizona Real Estate: Phoenix home prices down
I read an article in the AZ Republic today that states prices are down and are expected to drop even further in the next few months in Arizona. They are now predicting the Arizona residential real estate “recovery” to take place in 2015. I will … Continue reading
Posted in Market Conditions, Phoenix News
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Potential “Deal Killers” in Residential Real Estate
In my daily quest to learn more about what I can do to help my clients I can across and an article in The Real Deal, titled “Deal Killers: Real Estate’s Most Wanted”. What is a ”Deal Killer”? I am paraphrasing here, but basically … Continue reading
Posted in Buyers, Market Conditions, Mortgage/Financing, Sellers
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Is your mortgage underwater?
This is a hard post to write. I do not like to be the bearer of bad news, but I think as a realtor it is my job to share the good, bad, and sometimes ugly with you. Today I am … Continue reading
A Personal Analysis: My homes current market value
I purchased my single family home in Fountain Hills, AZ in October 2004; it was the beginning of the residential real estate “frenzy” in Arizona. In 2005, the peak in the market, if I had sold my home I should have been able … Continue reading
Confidence in the residential real estate market is on the rise
According to a Gallup poll released on Thursday, 77% of Americans expect home prices in their area to rise or stay the same in the next 12 months. 34% expect average prices around them to increase in the next year, up 12% from … Continue reading
Posted in Market Conditions
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