Archives for January 2010

Greetings from the Local Naysayer

There’s an old stock investing theory, the gist of which goes that the smart money takes a look at popular opinion and does the opposite. Because at the end of the day, the mentality of the masses usually is wrong. Individually, we’re intelligent. Collectively, we’re kinda stupid. Have doubts? Check out the people wrestling with […]

Phoenix Real Estate Inventory Update – January 30

After a several month hiatus, it’s the return of the market stats. When we stopped the weekly statistics posts back in September, there were 19,801 single-family detached homes for sale in Maricopa County. As of today, there are 23,172 single-family homes for sale in the Phoenix real estate market. Back in September there were¬† 2,800 […]

The Phoenix Suns and Phoenix Real Estate

If you’ve read this blog any length of time you’re probably aware that in addition to my real estate career I’m a free-lance writer for the Associated Press. This summer will mark 24 years since I first walked into the offices of the Mesa Tribune; this fall will be the 22nd anniversary of my first […]

Bonus Post in Honor of the Canadian dollar

The pundits say the Canadian dollar is going to rise to par with the American dollar. Until I see the loony do better than 1.027 I’m not going to believe it. Every time it has approached the $1.02 – $1.03 mark it has pulled back away for one reason or another, though probably not due […]

Find Me a Deal With Sprinkles On Top

Here, in short, is the dilemma. Prospective buyer calls and says if I can find a screaming deal, he’ll jump on a plane in the near future to take a look and possibly purchase. Sounds simple enough, aside from a few of the details … 1) If it’s really a tremendous deal, the kind that […]

The Yin And Yang of Phoenix Golf Course Real Estate

There’s a basic truism about life and real estate along a Phoenix area golf course – not everyone’s going to hit the ball straight. It’s virtually unavoidable, no matter how many trees and shrubs you plant or screens you erect to try and slow a screaming hook. So if you want this: … you can […]

Phoenix After a Couple of Inches of Rain

Once upon a time, a family moved to the Phoenix area from California. Driving down I-10, they came across a sign for the Salt River; below was nothing but dirt and rocks. “Some river,” they said. Two years later, that normally dry river had swollen well beyond its banks and taken out all but three […]

Financing Your Phoenix Real Estate Purchase? Possibly Expensive Changes are Coming

We’ve talked about this a little bit before as 2009 came to an end, but all signs are pointing to increasing interest rates as 2010 continues. Government participation in purchasing loans is expecting to wane and as that happens rates are expected to climb – we’re not going to see the beautiful 18’s of the […]

Rounding Third and Heading for Home

As the story goes, major league pitcher Pascual Perez once hit a triple and upon arriving at third base looked at the third base coach for assistance. “What do I do now,” he asked earnestly. “What do you mean,” the coach said. “It’s just I’ve never been here before.” I’m feeling a little bit like […]

The Morning Was Moist … But Tanning Season’s Coming

We woke up in Phoenix today to the sounds of raindrops falling against our roofs, the first of what is predicted to be five straight days of rain – the first time that’s happened in the month of January since 2003. Once every seven years … you have to admit, that’s not too shabby. As […]