The recession is over
January 28, 2010 by Tempe Real Estate Agent · 9 Comments
Is that a bold statement? Yeah, probably. But I used very careful metrics to determine this. I am going to reveal it here because I trust that my readers can keep it secret. Ready?
Last night, my wife and I went to PF Chang’s for dinner. We were going to go [...]
Real Estate Market Analysis for October 2009
November 7, 2009 by Tempe Real Estate Agent · 12 Comments
In the last two months, the market has remained steady. We have had actives rise slowly from 26,000 to 28,000 homes in Phoenix metro. Similarly, pendings are hovering around 10,600 to 10,800. We also had 7137 homes sold in October compared to 7040 homes sold in August and 6861 in September. Overall, in Phoenix, we [...]
You can still buy a house with Zero down!
September 11, 2009 by Tempe Real Estate Agent · 6 Comments
This week, we have a guest blogger. Tony is a Hawaiian Real Estate Agent, and he shares some wonderful information:
You’ve heard of the USDA and seen their stickers on the steaks you buy at the grocery store. But did you know they also insure home loans? Strange as it sounds, the USDA’s rural development [...]
Market Analysis for August 2009
September 4, 2009 by Tempe Real Estate Agent · 4 Comments
It looks like the market is finally showing signs of slowing down. The sky isn’t falling, we’re just going from three consecutive months of 8000+ homes sold to 7040 for the month of August. Based off the numbers, it looks like many of the cash buyers are stepping back either because the bottom of the [...]
Market Analysis for July 2009
August 2, 2009 by Tempe Real Estate Agent · 8 Comments
The sizzling summer continues to sell homes. The trend of homes flying off the shelves remains the same as we have had three straight months of 8000+ homes sold. Phoenix continues to pace the race with its inventory going down to 3.9 months. Gilbert is a close second at 4.2 months.
11531 pending homes sales in [...]
Market Analysis for June 2009
July 11, 2009 by Tempe Realtor · 1 Comment
Another month has gone by, and there has been little indication that things will slow down. We see many properties hit the market, and in just a few days, they are gone. Overall, our inventory has gone from 33,621 homes on the market to 27,002 homes. That’s a 20% drop in inventory. [...]
Market Analysis for May 2009
June 1, 2009 by Tempe Realtor · Leave a Comment
I’m going to say this once, so you’d better listen carefully. There are 33,621 homes available for sale in Phoenix metro today. 33,621!!! Ok, I lied, I didn’t say it once, but what do you expect? This is the lowest we’ve had since…well…our last real estate boom! To appreciate the craziness of this, imagine that [...]
Blame Canada!
May 26, 2009 by Tempe Realtor · Leave a Comment
Is this what we’ve come to? We’re going to rent from investors from Canada? According to the New York Times, investment firms are buying hundreds of our homes here in Phoenix as rental properties. They are buying bank foreclosures and then leasing the properties back to the original borrowers. In many ways, this works out [...]
100% Financing is Back!
May 12, 2009 by Tempe Realtor · 2 Comments
Last October, the Housing Recovery Act of 2008 did away with down payment assistance programs where the seller paid the down payment for the buyer. Did it make sense to do that while in the midst of a housing crisis? Of course not! Well, for a short time, HUD will be undoing the damage they’ve [...]
The Recession is OVER
May 4, 2009 by Tempe Realtor · 2 Comments
At least, that’s what Warren Buffett says. According to this article, the recession started some time around December of 2007, and will likely end soon. History has shown that job losses is a lagging indicator, and so hopefully, job losses will continue their trend of decreasing. Read more here:
http://news.yahoo.com/s/ap/20090504/ap_on_bi_ge/us_warren_buffett
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