"Should I buy now? Or wait, and rent for awhile?" Seems to be the most popular question to ask here in the Phoenix recently. I was asked the same questions a couple days ago by a prospective client. Many buyers are looking for some strong signal that the real estate market has hit the bottom so they can hurry up and buy. And when the re-balancing begins, … [Read more...] about Buyers Just Want to Know – Should I Buy or Rent?
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 … [Read more...] about Are Short Sales Really Worth the Time?
Just read this article "Don't Fear Falling Home Prices", where Yale Professor Robert Shiller (of the famed Case-Shiller 20-city home price index) has an interesting insight on our current home market. "There's nothing troubling about a gradual correction of home prices. If we keep our incomes at the current level and home prices go down we are richer, we … [Read more...] about The Bright Side of (Slowly) Falling Home Prices
McCormick Ranch and Gainey Ranch are the two largest communities in Scottsdale zip code 85258. With the changing market, real estate agents continue to recommend lower home listing prices to match what buyers are willing to pay. The number of days houses are staying on the market continues to increase. … [Read more...] about Median List Prices Continue to Fall in Scottsdale Zip Code 85258
Home selllers and their agents continue to search for the right price for listing their homes in zip code 85258. The two major communities of this zip code are McCormick Ranch and Gainey Ranch. The number of days it is taking to sell a home continues to increase. … [Read more...] about McCormick and Gainey Ranch Home Sales Update
CC photo credit: Banalities Here's one of those updates from Arizona Department of Transportation (ADOT) to keep in mind this weekend if you are going to be traveling on the 101 in or through North Scottsdale CLOSED ALL WEEKEND - Eastbound Loop 101 (Pima Freeway) closed between 56th Street and Scottsdale Road from 10:30 p.m. Friday to 5 a.m. Monday (Feb. … [Read more...] about Highway 101 closed this weekend in North Scottsdale
photo credit: CodyR Today, I was waiting in a title office waiting to sign papers and reading the Phoenix Business Journal. The following article jumped out at me. Cachet to unload Verrado inventory in its first new-home auction Minimum bids start at about 50% of current list prices. Twenty-eight single family home. Yikes! I would sure hate to be one … [Read more...] about New Home Auction in Verrado
I've heard that there was a eagle living in McCormick Ranch, and thought I saw one last week. We weren't sure, but the folks behind us on the bike trail, who happened to be from Washington state, took one look at it and went so far as to say it might be a bald headed eagle like they were used to seeing back home. Yesterday, I was have a quick lunch on my … [Read more...] about Eagles in McCormick Ranch?