From the Arizona Republic today, Housing market reflects positives: “Homes priced under $350,000 are selling much quicker than the rest of the market. An analysis from Jim Sexton, president of real-estate firm John Hall & Associates, shows there is only a seven-month supply of homes in that lower range. That’s a healthy level.” Yesterday, I [...]
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sales
Jay Butler at Arizona Stat University published his updated real estate report, covering the Phoenix metropolitan area, yesterday. Greater Phoenix resale numbers up for April, median prices down But, the bottom line for Scottsdale is that the number of homes sold and median sales price is down. Per the report: The Scottsdale resale home market declined from [...]
Phil Sexton, also from John Hall & Associates, commented yesterday on the Inman Community area, in response to the question: “How’s the real estate selling in your area??????” The question here in Phoenix: Is it improving or is it seasonal? We have been improving month over month since Jan – but that’s normal. The encouraging [...]
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
