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The Return of the Remorae: Flip a House in 30 Days

The remorae and hucksters are coming back to the Phoenix area next week, promising riches in the real estate market if you attend their one-day seminar on flipping houses. Learn how you, too, can flip houses in 30 days or less at a tremendous profit. “Did you know there are people flipping houses right down your block?” Did you also know that claim is 99 percent caca de toro? Inventory is climbing quickly – now at 15,387 detached homes in Maricopa County Interest rates are climbing Thanks to the geniuses in Washington, consumer confidence isn’t tremendous Homes this year have […]

Now That You Waited Too Long to Sell Your Home …

… and make no mistake, we’re entering into a much different market than we’ve seen here in the Phoenix area for the past couple of years as inventory continues to rise and sales are failing to keep pace, even if the slowing in sales is as much a seasonal effect than anything else. Last week, there were around 14,800 detached homes for sale in Maricopa County. As of this morning, there are 15,363 (and that doesn’t even include the folks from last Wednesday’s tale, who could – and should – have had their home on the market a week ago.) […]

Common Sense, Trust and How Listings Really Work

Let’s start with a very basic concept. As a real estate agent, I’m in the sales business. There are some who prefer to soft sell the whole thing, say they are in service because for some reason the concept of being in sales makes them feel a little bit, I don’t know, dirty. But this isn’t a service position – I don’t get paid for providing service. I get paid for results, for selling homes. That’s it and that’s all. I mention that for two reasons. First, there’s yet another of the interminable debates going on in a real estate […]

Goodbye, My Dear Friend and Business “Partner”

Part of me wants to say I’m at a loss for words, but the complete opposite is true. After writing about the passing of my father in March, it seems a little silly to be spending time here with tears in my eyes writing about a dog. And, if I’m required to try and keep to some sort of perspective, some hierarchical order of heartbreak, this does rate a few steps below that. Still … What I’m feeling isn’t just heartbreak for myself … it’s for my children, who have loved Tobey for these past nearly 10 years … who […]

Mr. Speaker, A Quick Word Please About the Shutdown

It may seem odd for a lowly real estate agent to presume to tell the Speaker of the House what to do, Mr. Speaker, but it appears you need to be told the obvious. First, the Tea Party folks who you seem so concerned about aren’t interested in negotiating. Negotiations only can take place when both sides have at least the appearance of leverage. Despite what Senator Cruz may seem to believe, the GOP has zero leverage right now. Do you know what negotiating without any leverage really amounts to? Posturing. Don’t get me wrong. Several of my friends who […]

Gone to Texas: Home Ownership and the American Dream

As a rule, I tend to read a lot of history because it helps level the emotional extremes of the 24-hour news cycle. For example, as utterly useless our current crop of politicians – perhaps, Mr. Speaker, you should tell Senator Ted Crux the shutdown isn’t a game – it doesn’t take too much effort to find other equally useless versions of Congress, sessions where political backbiting and infighting was more important than actually doing the work of the people. It’s also in history that the notion of home ownership as a function of government policy goes by the wayside. […]

Phoenix Real Estate September 2013 Market Report

My pardons for how quiet it’s been but I’ve spent pretty much the past week (kidney) stoned and not much in the mood to write. Since I’ve been gone, inventory has continued to soar. As of the moment, we’re at 13,844 detached homes for sale in Maricopa County – that’s an increase of 7 percent in just the past 11 days since my last stats post. And I’m not expecting that number to decrease for some time to come. Rolling through the archives, I’ve been talking about the rise of inventory for the past several months. And it appears the […]