Phoenix Area

Last week I attended the Arizona 2010 Real Estate and Business Forecast. Elliot Pollack, Valley economist who has been providing Economic Forecasts for more than 25 years, presented valuable information for homeowners, buyers, sellers, and renters. There was also a panel of real estate experts from both residential and commercial specialties who essentially confirmed what » Read more  

More of the same…  this will be the third month that numbers have remained stable with regard to supply, demand and inventory. If you don’t remember or didn’t catch my August blog, please scroll down and read “By the Numbers” in the August Tempe Real Estate Market Update. Home prices are up for the 4th month » Read more  

Here is the least expensive idea for making your home energy efficient and it could save you big bucks….find out how. Arizona homeowners can easily save money and increase the real estate market value of their residencies by simply sealing air leaks commonly found in many areas around the home. Sealing air leaks is » Read more  

Perhaps the most significant stroke of President Obama’s pen up to this point actually took place during his first month in office – on February 17 of this year – when he signed The American Recovery and Reinvestment Act of 2009 into law.  The federal tax credit of up to $8,000.00 for first-time homebuyers is » Read more  

Where have all the real estate deals gone? There have been a couple of dramatic changes in the Phoenix real estate market in the last few weeks.  First, the inventory in the Baseline corridor has disappeared. The number of available real estate deals in the corridor has dropped from approximately 15-20 homes to 3 homes over » Read more  

“Don’t Choke on You A.R.M.” The hunger for real estate in the southwest has begun to grow again.  While that is good news, we also don’t want you to choke on your arm. Arizona State University real estate professor Karl Guntermann, who tracks the real estate trends across the state, is quoted in this morning’s Arizona Republic » Read more  

I just bought the coolest video recorder called a FLIP Video Recorder. I am going to start using it when I take buyers out to look at homes. When we go into a home I will record the home like a virtual tour and then at the end of the day we can replay it » Read more  

Many people ask me if I take a break from real estate once the triple digits hit. And I actually have to laugh because even though it is 116 degrees out in Chandler, we are actually in our busiest time of year. People still seem to buy homes in the summer. I think one of » Read more  

While many pockets of our economy are still feeling the effects of the U.S. economic recession, it seems that real estate has already begun to turn the corner. Nationwide, pending home sales rose 6.7% in April 2009. That is the largest monthly increase in more than 7 years, and may be a sign » Read more  

The real estate market is continuing to show signs of improvement after a consistent two-month drop in the absorption rate. The absorption rate is the ratio between active and solds: the time it would take at the current rate of sale for the inventory to be completely sold. For example, if there are 10,000 homes » Read more