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Jonathan Dalton
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Good News, Bad News in Phoenix Real Estate

Hey, folks … we’re number 1! From CoreLogic via Inman News: Eight out of the 10 largest metro areas in the nation saw yearly declines in July, with double-digit drops in the Phoenix and Chicago metro areas. When distressed sales are excluded, half of the 10 metros saw yearly declines, with Phoenix again the hardest hit. Bad news from homeowners. Bad news for traditional sellers. Great news for the bargain hunters, assuming you can beat out the other dozen people vying for many of the homes here in the Phoenix real estate market. And this from the U.S. Bureau of Labor […]

Monsoons and the Real Estate Market

One of the first things people learn when they move to the Phoenix area is to never trust a thunderhead. Years ago I was visiting friends in the Dallas-Fort Worth Metroplex and there were storms on the horizon. The very, very flat horizon, incidentally. Looking at those darkening clouds, there was no question the thunderstorms were coming our way. That seems to be the pattern in most places. See clouds, get the umbrella, wait for rain. Not so in the Valley. On Friday, there were thunderstorms in three directions moving ever higher in the sky and not a drop of […]

Rain Shadow Over the Westgate City Center

Monsoon thunderstorms surrounded the West Valley last night, though we didn’t end up with anything more than a little dust. What happens when one of these thunderstorms blocks the sunlight in a specific spot? A rain shadow across the sky … this one above the Westgate City Center in Glendale a few minutes before the Arizona Cardinals’ preseason game against San Diego.

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