Yes, 2011 has been an amazing year. Recently, I sat down and wrote a list of what I was most proud of in the past year. Amazingly, my list quickly grew to three pages, and included accomplishments, thoughts, and feelings. Every time I go back and read it, I add something else. It’s been a [...]
From the monthly archives:
December 2011
I spotted this car and license plate a couple weeks ago as I was walking out of restaurant on Scottsdale Road. Definitely a “Thank You, Santa” kind of car! And, a Scottsdale moment on a rare rainy day. There’s still time to get out a see a few Holiday Lights in Scottsdale. I haven’t seen [...]
Funny how fast prices can change. Realtors in the Phoenix and Scottsdale areas have been predicting price increases for at least the last six months. And look what we find today: 10 Cities Where List Prices Soared Last Month Number 2 on the list is the Phoenix-Mesa MSA (Metropolitan Statistical Area), of which Scottsdale plays [...]
Interest rates in Scottsdale are truly remarkable this month. Jay Thompson, aka “The Phoenix Real Estate Guy”, published an update to his interest rate chart a couple days ago showing interest rates at 4%, the lowest rates in the 40 years tracked here by FreddieMac. Personally I can share that the last two contracts I [...]
The Arizona Regional MLS publishes a monthly agent survey on agent (“subscriber”) confidence, both present and for the future. From the Subscriber Confidence Index – December 2011 report: Similar to the Consumer Confidence Index published by the Conference Board, its relevance lies in being the only economic indicator derived from the firsthand, up close observations of [...]
A home buyer recently asked me for my perspective on the Forbes list of 13 Cities Where Home Prices Are Falling Dangerously, where Phoenix is listed as one of the “13 cities that suffered relatively big home price hits this year with more projected through the next 12 months.” From what I’ve been seeing in [...]
The November Cromford Report Monthly Market Review started off with the following summary for the Phoenix real estate market for single family housing: In every price range, sales prices in $/SF are now higher than a year ago. Inventory is still falling below $200,000 and constraining sales volumes. Above $200,000, supply is rising and demand remains [...]
