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Phoenix Housing Market

National Association of Realtors predicts pick-up in 2nd half of 2008

February 9, 2008

This week the National Association of Realtors released its latest forecast of housing market conditions across the country. The forecast predicts a “continuation of soft market conditions for existing-home sales, with improvement expected by the second half of this year if loan limits are increased.”
At least we have that to look forward to: the [...]

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Economic stimulus package includes help for homeowners

February 9, 2008

In addition to the $600 check that individuals will receive in May ($1200 for married couples, plus $300 per child), homeowners looking to refinance and those looking to buy a home will get a boost, too.
That’s because part of the economic stimulus package that Congress passed last week (and Bush is expected to sign early [...]

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Combine Deals to Be Had with the Strong Value of the Canadian Dollar and What Do You Get?

January 25, 2008

Answer: Canadians buying homes in Phoenix like hotcakes!
Last week the Calgary Herald ran a couple of articles (featuring yours truly) talking about how Canadians’ interest in Phoenix-area real estate has picked up, bolstered by the deals that can be found around here, and the strong value of the Canadian dollar, which gives our friends up [...]

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From Best Cities for Jobs to North American City of the Future — Greater Phoenix Is It

January 23, 2008

In the past some readers have criticized me for what they’ve said is blind, unfounded praise of the Phoenix area. When I talk about how the Phoenix area is great – or about how and why the housing market will rebound, or why it may not be as glum as some suggest in the [...]

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Thinking about renting your home for the Super Bowl? Read this first.

January 16, 2008

Valley homeowners are looking to another way to profit on their house: rent it to visitors during the upcoming Super Bowl. Websites, including www.supereventrentals.com (hosted by my friends at Keller Williams Southwest Realty) offer homeowners a place to advertise their homes for rent and prospective renters a place to search for rental properties.
At www.supereventrentals.com, [...]

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Arizona Republic columnist suggests that the housing market may have corrected

January 14, 2008

A column this weekend by the Arizona Republic’s Catherine Reagor suggests that the drop in the median Valley home price suggests that the housing market here may have corrected.
The median price of an existing home in Metro Phoenix was $232,000 in December – 11 percent lower than at the beginning of 2007. But, Reagor [...]

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Why the dip in housing starts and permits is actually a good thing

December 19, 2007

When I heard on the news yesterday that housing construction starts had fallen in November – down 3.7% across the U.S. from October and off 24% from November of last year – I was happy.  That’s right.  The dip in housing construction starts and permits is actually a good thing.
Here’s why: there are more homes [...]

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National Association of Realtors Phoenix Market Report, Part 3

December 7, 2007

A recently released National Association of Realtors (NAR) market report for the Phoenix area talked about the housing market in the Valley.  This is the third in a series of posts explaining some of the NAR’s findings.
One of the most commonly cited housing market statistics is price.  Recent attention has focused on the divergence of [...]

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Experts at the Economic Forecast Luncheon Say: Cloud of Uncertainty Hangs Over the Economy

December 5, 2007

As part of my series of posts on the Phoenix housing market and the Arizona economy in general, today I’m writing from the 44th Annual Economic Forecast Luncheon.

Experts at the 44th Annual Chase/W. P. Carey Economic Forecast Luncheon (including S&P’s Chief Economist, JP Morgan Chase’s Senior Economist, ASU Economics Associate Dean, and local Economist) said [...]

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National Association of Realtors Phoenix Market Report, Part 2

December 3, 2007

A recently released National Association of Realtors (NAR) market report for the Phoenix area talked about the housing market in the Valley.  This is the second in a series of posts explaining some of the NAR’s findings.
According to the report, prices in the Phoenix region decreased an average of 2.7% in the second quarter of [...]

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