Archives for October 2012

Real Estate Musings as October Comes to a Close

Let’s start with the numbers … As of the moment, there are 10,611 detached homes for sale in Maricopa County. We’ll see where sales wrap up – we’re at 4,600 and change heading into the final day of the month. … The generally misguided Rob Hahn is at it again, explaining the limited value buyers agents […]

Real Estate is an Illogical Profession

Commence minor venting/ There are some things in real estate that make little sense, the kind of things that bode well for inexperienced agents and make more experienced agents shake their head in complete wonderment. Back when I first started, I was hoping like hell no one would ask me how many homes I had […]

Raising the Bar, Video Fun and Other Tuesday Thoughts …

There’s a group on Facebook theoretically dedicated to “Raise the Bar in Real Estate.” Being a rather self-loathing lot, we tend to spend a lot of time worrying about all that is wrong with the real estate industry, most of which miraculously boils down to the “idiot” agent on the other side of the transaction […]

Watching Phoenix Real Estate on a 7-Second Delay

A couple of years back, my dad had a procedure where they tried to shock his abnormally beating heart into some sort of normal rhythm. One of the side effects of this, as it turned out, was he suddenly was on a 7-second delay. Ask him question, tell him something, you name it … seven […]

National View – Resales Drop as Inventory Falls

Came across this bit this morning off the NBC News Wires … Home resales fell in September as the stock of properties on the market fell, a reminder that America’s housing sector is a long way from a full recovery despite recent signs of improvement. The National Association of Realtors said on Friday that existing home sales […]

How to Describe the Phoenix Real Estate Market in One Word

Unstable. That’s about it, at least until the market has processed fully the continuing changes wrought by the bubble, the collapse and the nascent recovery. And that’s not going to happen for a while yet, judging by news from other quarters. Word out of Northern California, courtesy of Reuters with a hat tip to the […]

Phoenix Real Estate Inventory Soars Past 10,000

As predicted here two weeks ago, inventory of single family detached homes here in the Phoenix real estate market has moved past the 10,000 mark. As of this morning, there are 10,031 detached homes for sale in Maricopa County. Of these, only 657 are priced at $100,000 or less. Needless to say, it’s a different […]

B of A Loan Forgiveness And You

Word started filtering down on Friday that some homeowners who have second mortgages with Bank of America are receiving letters telling them that they’re second loan balance has been forgiven. What does this mean for you if you have a second mortgage with B of A? A lot, if you receive one of the letters. […]

If You Really Want to Buy a House …

If you really want to buy a house here in the Phoenix real estate market, here are a few helpful things to keep in mind: 1) There is no prize for the person who looks at the most homes. If you’re looking at upwards of two dozen homes and haven’t written an offer either your […]

So is the Phoenix Real Estate Market Cooling or Not?

The answer, of course, is yes … and no. Helpful, that. But in all honesty, it’s just this simple … If you’re a buyer and you’re looking at homes under $125,000, you’re still going to be involved in multiple offer situations – after all, there only are 9,800 detached homes for sale across the entire […]