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From the category archives:

Real Estate Trends

Greater Phoenix Area January Real Estate Market Update

February 24, 2009

Read on for a snapshot of what went on in the Phoenix area real estate market in January.
Enjoy!
What specifically happened last month/quarter in this market?
A total of 6,960 resale homes sold in Maricopa County in January, down 6.3% from December but still 65.5% higher than in January 2008. Of the homes sold, 48% were foreclosures [...]

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Phoenix Real Estate Blog: The Real Estate Bubble and Bust – Then and Now

February 17, 2009

The Sunday before last, the Arizona Republic ran a special report on how the current real estate crisis in Arizona compares to the crash 20 years ago.  A couple of key points:
What caused the real estate bust ­- then
More than twenty years ago, in the mid-1980s, the real estate bubble in Arizona was incited by [...]

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Phoenix Real Estate Blog: 10 Things You Need to Know About the Homebuyer Tax Credits

February 13, 2009

This week Realtor.com proposed an interesting “Hot Topic” for their “Let’s Talk” blog (at talk.realtor.com).  The topic: What are the top 10 things every homeowner should know about tax credits? Read on. . .
Current tax credit
When it passed the Housing and Economic Recovery Act of 2008, Congress included a provision designed to put some life [...]

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Phoenix Real Estate Blog: Getting Honest About the Market

February 10, 2009

Last Sunday, the Arizona Republic ran a special report on how the current real estate crisis in Arizona compares to the crash 20 years ago.  They included a number of graphs showing how key statistics — population growth, median home price, median sales — have changed between the last real estate bubble in the late [...]

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Phoenix Real Estate Blog: How Will I Know When It’s Time to Buy?

February 4, 2009

How will I know when it’s the right time to buy?  The answer, in real estate, stocks, cars and big screen TVs from Circuit City, is that you’ll never know when, exactly, is the right time to buy (unless you have a crystal ball — if you do, call me because I want one!).
A recent [...]

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Phoenix Real Estate Blog: A New Twist on Home Auctions

January 30, 2009

I’ve posted before about buying a bank-owned home at auction — I help a number of buyers go that route.  But a Scottsdale builder is adding an interesting twist: it’s selling new, high-end homes at auction in February.  According to the Arizona Republic, “Scottsdale developer Starpointe Properties is hoping to generate renewed interest in its [...]

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Phoenix Real Estate Blog: Want to Sell Your Home 80% Quicker? Then Stage It!

January 28, 2009

If you’re selling your home and you can’t decide whether or not to stage it, consider this: According to StagedHomes.com, non-staged homes across the U.S. spent an average of 175 days on the market.  Staged homes sold in 35 days, on average — that’s 80% quicker.
According to a HomeGain.com survey, home staging activities all yielded [...]

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Phoenix and Scottsdale December Real Estate Market Update

January 26, 2009

Welcome to the eleventh edition of the MyPhoenixMLS area-specific market conditions update.  Today, I’ll describe what’s gone on in the Scottsdale, Paradise Valley and Phoenix area real estate markets this past month.
Scottsdale
The number of homes resold in Scottsdale in December increased 12.7% after falling 26.7% in November. The 310 homes resold is 17% higher than [...]

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East Valley December Market Update

January 23, 2009

Welcome to the 11th edition of the MyPhoenixMLS area-specific market conditions update.  Today, I’ll post market conditions reports for the East Valley, including Chandler, Gilbert, Tempe, and Mesa; in my next post I’ll describe market conditions in the Scottsdale and Phoenix markets.
Chandler
The number of homes resold in Chandler increased 4.4% in December, after a 16% [...]

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Greater Phoenix Area December Real Estate Market Update

January 21, 2009

Read on for a snapshot of what went on in the Phoenix area real estate market in December.
Enjoy!
What specifically happened last month/quarter in this market?
A total of 7,425 resale homes sold in Maricopa County in December, up 14.8% from November and 90.4% higher than in December 2007. Of the homes sold, 42% were foreclosures (down [...]

Read the full article →
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