Just finished reading a new post on the John Hall & Associates blog. Phoenix Real Estate Market by Tom Ruff Lots of good info that validates some of my experience with lender owned properties over the past month, plus brings to light some additional encouraging news about our local real estate market. Phoenix home sales are [...]
From the monthly archives:
April 2009
I’m a geek. The first time I got to work with computers, I was absolutely fascinated. The year was 1971, and I was a student at the now defunct East High School (in the Phoenix Union High School district). We wrote programs on punch cards, mailed them into the district, and got our print outs [...]
Here’s one of those striking examples of why investors are once again flocking to Phoenix. One zip code in east Phoenix. Can you believe that the median sales price this past couple of months is barely over 50% of what it was in 2002? Amazing.
Supply is dropping. Fewer homes are available for sale. Demand is up. More home buyers are buying. Typically, when supply decreases and demand increase, prices will increase. It will be interesting to see how home pricing in Scottsdale will respond in this very unordinary market and time. I think most of us would be very [...]
I got an email from someone this week, asking for some advise. Her friend had just come home to her apartment building to find an trustee sale notice on it. The sale is in May, and the renter is totally panicked about finding a place to live. I just stumbled across this article, ” Firm [...]
photo credit: Dru Bloomfield – At Home in Scottsdale An update from the City of Scottsdale: Downtown Scottsdale not only has great galleries, restaurants, shopping and nightlife – it’s got a great lineup of free events. Like: Free historic walking tours in Old Town take place at 10 a.m. Tuesdays in March in front of [...]
Today’s Cromford Report on Lender Owned Properties shows a changing scene. Basically, bank-owned properties are selling at a very high rate, and new REO properties are not coming to market fast enough to meet demand. Prices have dropped pretty dramatically over the past two years. Maybe with this decreased inventory (listings), we will begin to [...]
