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Phoenix market update

Senate OKs New Tax Credit Closing Date

June 16, 2010

 

The Senate has amended a bill to give homebuyers who were under contract on a home purchase by April 30 an additional three months to close the deal and claim the federal homebuyer tax credit.
Extending the deadline for closing from June 30 to Sept. 30 would allow lenders more time to clear a backlog of [...]

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Where Are Phoenix Home Prices Headed?

May 26, 2010

How often have you wanted to do something but it wasn’t the right time? I hear that a lot, especially from prospective home buyers and sellers. But what if you could predict where the Phoenix AZ Real Estate market was headed? Would that influence your decision? Well, now you might be able to predict such an unwieldy thing.

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ASU: Phoenix Real Estate Market Returning to Normal

May 19, 2010

In his monthly Phoenix housing market report Jay Butler, associate professor of real estate at ASU, said that the market isn’t back to normal yet, but it’s getting there. You can read the April Phoenix Realty Studies report here, and listen to an interview with Jay Butler here.

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For Sale By Owner? The Value of a Phoenix Real Estate Agent

May 13, 2010

I was talking the other day with a prospective client who’s currently what we call a “FSBO” – meaning he’s listed his home as “For Sale By Owner.” His Scottsdale home has been on the market for 8 months (about 2 months longer than the average active Scottsdale home listing), so he’s wondering if there is a better way.

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10 Low-Cost Ways to Spruce Up Your Phoenix Home for Sale

May 10, 2010

While the Phoenix housing market is bumping along its way to recovery, there’s no doubt that it’s still a strong buyer’s market in Phoenix.  That means sellers have to work extra hard to sell for the listing price and in a reasonably short amount of time.  The list below is 10 easy and inexpensive steps [...]

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Case-Shiller by the Numbers: Phoenix Home Prices Down Slightly Again

May 6, 2010

Prices of Phoenix homes fell slightly in February according to the S&P/Case-Shiller Home Price Index, released on Tuesday. Let’s analyze what’s been going on in the Phoenix and Scottsdale real estate market. The S&P/Case-Shiller Home Price Index released April 27, 2010 (and covering through February 2010) had mixed news for the Phoenix real estate market.

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Buy or Rent Your Scottsdale Home? Ask the Calculator!

May 4, 2010

There was a great article in the New York Times the other day about how buying, in a lot of real estate markets, makes much more sense now than renting. I’ve blogged about the rent v. buy decision before, but this article gives some great new insight to the decision making process.

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Real Estate in Phoenix Arizona: 7 Cities with Great Real Estate Deals

April 19, 2010

But the reasons that the Phoenix real estate market has some fabulous opportunities for buyers right now also mean that it’s especially important for buyers to beware. The absolute best deals are probably on Phoenix homes that are short sales or foreclosures.

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Update: Phoenix Lease Purchase Options

April 12, 2010

This client doesn’t want to miss out on the incredible opportunity to buy now, so she asked about an agreement that could be the best of both worlds – a lease-purchase agreement where she rents a Phoenix home for 2 to 5 years but at the end of the lease has the option to buy the Phoenix home at some agreed-upon price.

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Phoenix Real Estate: Pending Home Sales Up 8.2%

April 6, 2010

The national real estate market got a jolt of good news yesterday when the National Association of Realtors released its Pending Home Sales Index for February. The Index is widely considered to be a leading indicator of real estate activity because it measures signed contracts to purchase single-family homes, condos, and co-ops.

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