From the monthly archives:

February 2008

It’s Official – Spring is Here!

by Dru Bloomfield on February 27, 2008

Spring arrived in Scottsdale yesterday.  While it’s been warming up gradually, yesterday was the first day I saw the temp inch over 80 degrees.  And, I had a vague memory of what it feels like to get into a car that’s warmer inside than out. More importantly… Spring training starts today!  What better way to enjoy [...]

Buyers Just Want to Know – Should I Buy or Rent?

by Dru Bloomfield on February 26, 2008

“Should I buy now? Or wait, and rent for awhile?” Seems to be the most popular question to ask here in the Phoenix recently. I was asked the same questions a couple days ago by a prospective client. Many buyers are looking for some strong signal that the real estate market has hit the bottom [...]

Are Short Sales Really Worth the Time?

by Dru Bloomfield on February 26, 2008

It’s been hard for me to explain why short sales are just plain difficult, and now a fellow blogger has taken the time to really put it all together.  Frank Llosa’s perspective in “Short Sales Are ‘Fake Listings’ Only 5% Close” is well worth your time to read.  H/T to Peter Coy at Business Week

The Bright Side of (Slowly) Falling Home Prices

by Dru Bloomfield on February 22, 2008

Just read this article “Don’t Fear Falling Home Prices“, where Yale Professor Robert Shiller (of the famed Case-Shiller 20-city home price index) has an interesting insight on our current home market. “There’s nothing troubling about a gradual correction of home prices. If we keep our incomes at the current level and home prices go down [...]

McCormick Ranch and Gainey Ranch are the two largest communities in Scottsdale zip code 85258. With the changing market, real estate agents continue to recommend lower home listing prices to match what buyers are willing to pay. The number of days houses are staying on the market continues to increase. 

McCormick and Gainey Ranch Home Sales Update

by Dru Bloomfield on February 22, 2008

Home selllers and their agents continue to search for the right price for listing their homes in zip code 85258.  The two major communities of this zip code are McCormick Ranch and Gainey Ranch.   The number of days it is taking to sell a home continues to increase.

Highway 101 closed this weekend in North Scottsdale

by Dru Bloomfield on February 22, 2008

CC  photo credit: Banalities Here’s one of those updates from Arizona Department of Transportation (ADOT) to keep in mind this weekend if you are going to be traveling on the 101 in or through North Scottsdale CLOSED ALL WEEKEND – Eastbound Loop 101 (Pima Freeway) closed between 56th Street and Scottsdale Road from 10:30 p.m. Friday to [...]