Phoenix Real Estate Inventory Growing Exponentially

Two days ago, when discussing the state of the Phoenix market with a past client, there were about 12,500 detached homes for sale in Maricopa County. At the end of August, there were 11,613 homes for sale. As of this morning, there now are 12,709. For those who like percentages, that’s a 10 percent jump […]

We’re Forever Blowing (Real Estate) Bubbles in Phoenix

My good friend John Wake over at the Arizona Real Estate Notebook wrote a few days ago that the esteemed Robert Shiller (as in Case-Shiller, as in the Case-Shiller index which tracks home values in multiple metropolitan real estate markets) has said a bubble may be forming in Phoenix, Florida and other locales. Mr. Shiller […]

Flipping the Phoenix Inventory Script

For the past few months, the discussion has been about the dearth of inventory here in the Phoenix real estate market and what could happen if the alleged second wave of foreclosures or the theoretically lurking shadow inventory were to be released en masse. Now, let me pose a slightly different question … where does […]

Investing in Phoenix Real Estate and Some Basic Math

Let’s suppose you’ve got $80,000 burning a hole in your bank account, earning a whopping .0000005 percent (give or take a couple of zeroes) in interest and you’re thinking about investing that money in real estate. Being adverse to carrying a mortgage, you decide to use the entire $80,000 to purchase a house free and […]

Is Your Phoenix Investment Property Giving You a Sufficient Return?

Text from a letter I’m sending out this weekend to investor owners: IF YOUR PHOENIX AREA INVESTMENT PROPERTY HAS YOU ON TRACK FOR THE RETIREMENT YOU WANT, STOP READING NOW. If not … consider for a moment how else you could have your money invested – either utilizing a 1031 like-kind exchange and trading up […]

Phoenix Real Estate Inventory May Be Stabilizing

A quick check of the Arizona Regional MLS shows just over 7,700 single family detached homes on the market – a total that has held steady, give or take 100 homes, for the past week to 10 days. And that leads to the conclusion that after nine months of falling inventory, we  may finally have […]

News I Think You Knew

This just in on the high-speed news wire … home sales surged in the month of April, according to the National Association of REALTORS, as reported today on CNN/Money. Sales hit 4.62 million homes during the month on an annualized basis, a rise of 3.4% compared with a month earlier and up 10% from April […]

Phoenix Makes the Good List on TheStreet.Com

For the past few years, ever since the real estate market collapsed in late 2005/early 2006, it was de rigeur for the Phoenix real estate market to make all the kinds of lists that homeowners wouldn’t want to see – highest foreclosure rates, largest drops in value, most homeowners underwater. So it’s rather nice to […]

One Quick Inventory Note

Let’s give you one quick note on the Phoenix real estate inventory and get you on your way this Mother’s Day. Inventory rose back about 8,000 yesterday. While in and of itself that means little, since the 8,026 almost certainly will fall back below the 8,000 mark tomorrow once the weekend’s sales are logged into […]

Supermoons and Truly Unique Happenings

I take it that you heard about the supermoon last week when the moon made its closest approach to Earth this year. It seemed in many corners to be treated like a once-in-a-lifetime event when, in reality, it happens every year. And, for that matter, last year’s supermoon was even more super as the moon […]