Archives for November 2012

Phoenix Coyotes Ownership Saga and the Westgate City Center

Two nights ago, the Glendale City Council voted to approve a lease agreement with erstwhile Phoenix Coyotes buyer Greg Jamison, moving what has become a three-year ownership saga closer to completion. Even this step took a bit of work. A lease was negotiated months ago but never signed by the council because of the then-impending […]

Reasonable ROI Expectations in Phoenix Real Estate

The Phoenix real estate market remains as much myth as reality these days; the phones still ring with potential buyers who have heard foreclosures are “inexpensive” compared to regular homes and want to drop their cash into the market to purchase $20,000 properties that simply don’t exist. Though inventory has continued to rise over the […]

Arizona State vs. Nogales Tech – The Tradition Continues

Odd things can cross a man’s mind at 3:30 in the morning. Some are significant. Some aren’t. And some are just puzzling, such as the sudden realization that I can’t remember who won the ASU-U of A game in 2009. I ought to know this. I was there. And as you’ll see in the post […]

It’s the Small Things

Before I lose all three of my loyal readers to the wonders of tryptophan, allow me a moment to talk about hell that’s coming up this weekend. Black Friday is upon us, soon to be followed by Cyber Monday. Okayfineanddandy. But as you plan your strategy for those days, might I ask you to take […]

Some Lessons in Flexibility, Gratefulness and Thanksgiving

I’ll just mention up front, I honestly don’t know if I’ll be able to find a way to tie this into real estate. So you may experience an abrupt jolt at some point as I shoehorn in a real estate hook from somewhere out of left field. As I watch the endless stream of thankfulness […]

Two Year Window on Phoenix Real Estate Already Here

Interesting article from Bloomberg News yesterday about the state of the housing market. Blackstone Group, for those don’t know, has been heavily involved in purchasing bank owned and foreclosed homes, investing $1.5 billion this year. “Prices are starting to move faster,” said Jonathan Gray, global head of real estate for Blackstone, which has invested about […]

Building a More Accurate Real Estate Reality

Real estate, as I have said many times, is a peculiar occupation. Very little of what a real estate agent does is particularly complicated … any homeowner can sell a house on their own, just as any buyer can purchase a home on their own without any assistance. Like most any other vocations, though, there are […]

A Failed Schwab Mortgage Short Sale: When Logic Takes a Holiday

Here’s a helpful tale for those who purchased their homes with a mortgage through Schwab Mortgage and are considering a short sale. Earlier this summer, I listed a home for sale as a short sale. Multiple showings ensued and we ended up with an offer above the current asking price and at the current market […]

Inventory Now Past 11,000 Homes …

… and that number’s going to continue climbing, at least for the next six to seven weeks. Will the election results stunt the market? Doubtful, since we’re going to see a continuance of the same policies that have been in place the past couple of years. That’s not to say a sudden tightening in credit […]

Surviving Election Day

Before I head over to Total Wine for the self-medication that will help me through what sure will be a long evening of election results, a couple of thoughts about what I would do to change the electoral process given the chance … 1) Standardized voting methods. There’s a video of a miswired machine in […]