Just published by the Arizona Regional MLS (ARMLS) – ARMLS Subscriber Confidence Index - April 2011. Greater Phoenix real estate agents are growing more positive by the month. By a wide majority, agents who responded to the survey feel the local real estate market is better than it was six months ago, and will continue to … [Read more...] about Local Realtors Growing More Confident about Phoenix Real Estate Market
Archives for April 2011
Sitting in a room full of Realtors the other day, the topic quickly turned to “What’s selling?”. Often a conversation like this is quite subjective, so I thought I’d better do a little digging. Conveniently, ARMLS just published their quarterly publication of STATplus for the 1st Quarter of 2011. Using data from that report, I … [Read more...] about Phoenix Real Estate Update: Not all prices ranges are equal
Got out on my bike with camera in tow this evening, and headed to Chaparral Park. The park was full and being enjoyed. These little guys caught my attention. Cute, huh? … [Read more...] about Easter Geese
Sitting with a group of Realtors recently, the question came up: Are investor sales tapering off? We were all commenting that we were seeing increases in 1st time home buyers, relocations, vacation home buyers, even move-up buyers. “Normal” home sellers are starting to reemerge. So out of curiosity, the question was asked – … [Read more...] about Phoenix Real Estate Market Update: Investor Sales Continue to Surge
Thanks to Patrick Gavin over at CFS Mortgage for send this brief reference sheet over. Prepared by Fannie Mae, it highlights a buyer’s ability to qualify for another mortgage, based on credit scores, credit history, employment, security clearances and deficiency judgments. Fannie Mae Reference for Short Sale and … [Read more...] about Short Sale and Foreclosure Impact: Homeowner Consequences
I snagged this great illustration of our improving real estate market from the John Hall & Associates blog. Our greater Phoenix real estate market is growing stronger. Look at the increased number of sales this year, and with no tax credit assistance. Pretty good news, wouldn’t you say? … [Read more...] about Need more evidence that the Phoenix real estate market is improving?
I don’t mention it often. I have a son with autism. My goal has been for him to grow up as a happy, fulfilled person, based on who he is, not defined by a label. It’s been an amazing road. He’s 19 now. Living a life that he seems pretty content with. I mean how many kids do you know who write up a 30-year life plan when … [Read more...] about Live or Work with Someone with Autism?
Today’s question, courtesy of a Twitter follower, is: The quick answer is $365,500. That’s looking at just the past month’s data for all of Scottsdale. The longer answer is that it varies greatly by the part of Scottsdale that you are looking at: In the south part of the city, in zip codes 85257, 85251, and 85201, the … [Read more...] about What’s the median sales price of a home in Scottsdale?
Someone at the gym asked me how the Scottsdale real estate market was doing. My response, “Sales are up, inventory is down, prices are down, but it can’t stay that way for long.” And, really it can’t. I had an appointment to write a contract a couple nights ago. They buyers had decided what they were going offer based on my … [Read more...] about Scottsdale Homes: Sales are up, inventory is down, and prices….
Overall, the condo market has been extremely slow over the past couple of years. FHA financing dried up, so buyers had to have cash, either the full price or a minimum of 20% down. Finally, there seems to be a bit of a change which is good news for sellers. And may indicate that it’s time for buyers to take some action. … [Read more...] about Scottsdale Condo Market is Improving