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A Spin Through the Real Estate Markets

From Forbes, with a hat tip to the wonderful Kris Berg of San Diego Castles Realty: As for the housing market and what home prices are doing nationally right now, Clear Capital, Zillow and Case-Shiller are all saying generally the same thing, despite offering slightly conflicting home price numbers.  The home buyer tax credits pushed prices up a bit in 2009 through 2010. When they expired, prices dropped down past 2009 lows in response during fall and winter.  After a rough start to the high selling season of spring and summer, due to weather and other outside variables, that price […]

Life on the Water, Glendale Style

The Valley of the Sun is the land of 10,000 man-made lakes. Okay, maybe not 10,000. But there are an awful lot of them and have been for the past 40-odd years. Growing up in the East Valley, I always loved The Lakes in Tempe. Now, it’s Arrowhead Lakes and Tuscany Shores in Arrowhead Ranch here in Glendale. There are some things to know about our lakes here … it’s reclaimed water, so swimming’s out of the question and fishing’s best done catch-and-release style. (There are bubblers and fountains in the water to keep everything moving and mosquito-free.) Boats are […]

What Makes a Real Estate Coverage Area

Over the past few days I’ve been debating the idea of coverage areas. Not in the sense of the AT&T/Verizon/Sprint battles where there are maps overrun in colored hues like a USA Today weather map, but in the sense of real estate and particularly the Phoenix real estate market. Maricopa County is a large, large place. Our population is greater than 23 different states and we’re larger than several New England/Mid-Atlantic states. Maricopa County itself stretches from Wickenburg in the far northwest to just outside Queen Creek in the southeast; just this side of Apache Junction out east to Gila […]

Inside Baseball: On Redfin and Active Rain

Some inside baseball … this may not interest the non-real estate set, aside from the glimpse it provides into my thinking. Which could be interesting. Or frightening. This past week I had the opportunity to interview with Redfin, a discount real estate company, about the chance to be an “overflow” referral agent. Seems that Redfin is getting more than leads from its Phoenix real estate website than the company’s handful of local agents can handle, so it’s looking for agents to help manage the flow. Though the interview was one of my best, it ends up Redfin’s going another direction. […]

Throwing Up as Many Obstacles as Possible in Marketing

“Please call [REDACTED}. Listing agent [REDACTED] emergency number [REDACTED} for showing instructions.” Seems simple enough. Call the office per instructions because the listing agent couldn’t be bothered to use one of Supra’s electronic lockboxes that give agents access, or to put the lockbox combination in the listing. Office has zero information about this house. Before transferring me to the agent himself, the office collects my name and phone number (Really? A brokerage whose phone system doesn’t capture incoming numbers? In 2011? I mean, really?) because the agent wants this information collected.

The House, The Seller and The Real Estate Market

This is the story of a house. It’s not a particularly unique house, given that it’s in the middle of a subdivision in the Phoenix real estate market, but it’s a house that has seen the highs and the lows of the Phoenix market. I first saw this house back in December 2006 when I put it on the market for an out-of-town investor. What still stands out to this day is the great timing I had in scheduling the virtual tour to be photographed on what turned out to be the same day the interior was being repainted. Photographs […]

Still Think It’s a Buyer’s Market?

Yesterday I posted a listing of what you can buy for $100,000. The main reason I chose this house is that it had a pool and it wasn’t a short sale. As you can see through the conversation in the comments, this isn’t the only fish in the sea as it were though it was one of the few I found with a pool that didn’t need work. As it turns out, it’s a flip purchased by an investor and fixed up to put back on market. And also as it turns out, it’s now under contract after 24 days […]

What $100,000 Buys You in the Phoenix Real Estate Market

Want to know what $100,000 can buy you in the Phoenix real estate market? Figure with taxes and insurance and a sub-5 percent interest rate, payments would be under $700 a month – less than the cost of rent, for those keeping score. [idx-listings county=”Maricopa” minprice=”10000″ maxprice=”100000″ minbeds=”3″ minbaths=”2″ statuses=”1″ propertytypes=”317″ orderby=”DateAdded” orderdir=”DESC” count=”25″]

The Scary State of Phoenix Real Estate

When you’ve been in the real estate business for a few years, names of other agents start to become quite familiar and seeing a familiar name on an unfamiliar sign always draws a little extra attention. Over the past two years, with the rush of bank owned homes in full swing, it’s become more and more common to see agents who had been with larger brokerages putting out their own shingle with an REO contract under their belt. Financially, it’s hard to blame them … being your own broker means you’re not splitting your commission checks with anyone else. There’s […]

Father’s Day Respite

There are precious few days I take completely off during the year … I can count them on one hand, actually. And while I’ve already put in some time today, I’m officially taking the rest of the day off … Enjoy the tunes.