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Recent Bank News’ Impact on Phoenix Real Estate

Last week, both Freddie Mac and Fannie Mae announced they were joining the list of mortgage lenders who were temporarily freezing foreclosures and would not be starting new proceedings into the start of 2009. Chase and Bank of America previously had made similar announcements. On the surface, this can be good news for homeowners in trouble assuming they have an interest in keeping their homes and assuming the lenders are willing to modify some of the outstanding loans.  That’s on the surface. If it turns out the lender isn’t inclined to modify the loan, the situation can become a bit […]

Watching the Odometer Roll

This story starts with an interception. Actually, two. The first in this tale, but not chronologically, came last night in Tempe when Arizona State safety Troy Nolan tipped a pass to himself, pulled it down two yards deep in his own end zone and sprinted 100-plus yards down the Sun Devils sideline into the far end zone for a touchdown. That it was Senior Night – his and 14 other players’ last time to run onto the turf at Sun Devil Stadium, made it all the more memorable. Years ago I had my own Senior Night. I never played, mind […]

Friday Afternoon Theme Music – November 28

This seems as good as anything on the day after. Assuming you’re not among the hoards who have been at the stores since 4 a.m. Personally, there’s nothing on sale at enough of a discount to get me to fight a crowd in the middle of the night. But that’s just me. [youtube: 400 300]

Happy Thanksgiving!

Only an hour’s worth of work today … not too shabby. Do better. Go spend the day with your families, overdose on turkey and football and be safe. We’ll see everyone back here tomorrow. [tags]Phoenix real estate[/tags]

Phoenix Real Estate Inventory Update – November 26

How about we send you into your tryptophan coma with a Thanksgiving surprise? And blessedly not one involving fruitcake of any kind … Inventory of single-family detached homes in the Phoenix real estate market rose by approximately 160 homes to 39,069. And now for the surprise – closed sales over the past 30 days rose to 4,033 from 3,740 the week before. This isn’t the time of year where we normally see any increase let alone a nearly 8% bump. Bank owned inventory continues to rise, up another 300 to 8,321. (Search all MLS-listed bank owned homes in the Phoenix […]

Revisiting Content for Canadian Buyers

This is an idea whose time actually came about a year ago and has bubbled at the edges of my consciousness ever since … a compendium of information on the Phoenix real estate buying process directed exclusively at foreign buyers and Canadians in particular. There’s this button at the top of the page which used to lead to all the posts I’ve written about how Canadians could take advantage of the then-weak U.S. dollar to purchase real estate here in the States. Then that changed into a list of the most poignant posts dealing with that topic. Neither is sufficient […]

Why I Ask for 30 Minutes Notice

When you’re selling your home, you essentially are not allowed to have a life. Your home needs to be showing ready at all points in time and you need to be able to vacate on a moment’s notice so someone else can look through your closets and drawers. Of course, that’s not always a possibility. Such as those moments when you’ve just come home from the gym and are in the process of hitting the showers. Which brings me to yesterday’s timeline: 12:35 p.m. – Message left by agent asking to show home between 1 and 1:30. 12:59 p.m. – […]

Friday Afternoon Theme Music – November 21

My goal only is to have this song stuck in your head. My now 16-year-old was addicted to this thing a couple of year’s ago. Now it’s the 9-year-old. Enjoy yourself. [youtube: 400 300] [tags]Phoenix real estate[/tags]

New to the Market – 20475 N. 17th Way

Here’s a new listing that will be in the Arizona Regional MLS in the morning … as far as mountain views go, these are difficult to top. [tags]Phoenix real estate[/tags]

Is It Really November?

Days always seem to fly by regardless of profession, but the passing through the year seems to be accelerated greatly when you’re in the real estate business. Tuesdays are indistinguishable from Saturdays, which isn’t necessarily an issue unless it’s a Monday or Wednesday and there’s a princess to be picked up at school. The rhythm of the year flows 30 to 45 days ahead – looking forward to when escrow will close versus what might be taking place at any particular time. Fall, such that it is in Phoenix, usually is marked by a decrease in phone calls and web […]