May 2010

Memorial Day 2010

by Dru Bloomfield on May 31, 2010

The U.S. flag inspired the National Anthem The Star Spangled Banner by Francis Scott Key O say can you see, by the dawn’s early light, What so proudly we hail’d at the twilight’s last gleaming, Whose broad stripes and bright stars through the perilous fight O’er the ramparts we watch’d were so gallantly streaming? And [...]

Bob Bemis, CEO of the Arizona Regional Multiple Listing Service (ARMLS), spent a few minutes on Channel 12 yesterday morning announcing new real estate statistics now available for the Phoenix market.   When a home seller accepts an offer on his home, the listing agent is required to input certain information into the MLS system [...]

Echo Coffee opened a little over a month ago, and fills a much-needed niche in South Scottsdale.  Locals were some of the first through the door, and they congratulated, and thanked, owner Steve Belt, for opening an independent coffee shop in their neighborhood. From its Grand Opening press release: SCOTTSDALE, AZ (05.04.10)- Offering a fresh [...]

Last week, I read the headline to this article, Scottsdale home prices remain in a freefall, and shook my head.  Regardless of the content of the article, I felt the headline was just "too much drama".  Yes, Scottsdale is a different real estate market than the rest of the valley. It did not experience the [...]

I like, I like, I like

by Dru Bloomfield on May 19, 2010

Here’s a morning minute for you! Easy to smile with this one, and a great reminder to appreciate our lives. (I could easily tie this one into home buying, but the message is a lot bigger than that!) Enjoy your day

Foreclosures: Making me crazy

by Dru Bloomfield on May 10, 2010

I’m working on a Broker Price Opinion (BPO) for a lender owned property tonight.  I pulled up this map and just had to share.  Makes me crazy.  Why? Well, this is not ordinary.  This is not typical.  To clarify, the gavels are pending foreclosures, and the map does not include the properties that have already gone back [...]

You all know that major changes have occurred in the Phoenix real estate market over the past year, but I think these two charts illustrating the Months Supply by Price Range may take you a bit by surprise.  I know I did a double-take, and needed to take a closer look before sharing them with [...]