CNN Gets it Right for the Wrong Reasons

From CNN/Money this morning … NEW YORK (CNNMoney) — Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market. With home prices down 34% nationally since 2006 and mortgage […]

With 2 Percent of Precincts Reporting

Just heard from a friend of mine through Google+ who spoke with a friend who handles BPOs (broker price opinions) for lenders getting ready to list bank-owned properties. Apparently, the phone started ringing off the hook yesterday which meshes with what I was hearing from my former brokerage as well about a sudden surge in BPO requests. […]

Emerging from the Rabbit Hole

Or, at least, shifting the insanity that is the current debates over online real estate to my long-forgotten Real Estate 1 Point 5 site since there’s a more than excellent chance that I’m starting to bore my three readers. Once upon a time this was of less concern – I happily wrote about national issues […]

A Blog Day Without Snark, Doom or Hysteria

Twitter usually explodes during these events; today, the only two items of note I saw were the unexpected appearance of Jay Thompson (less than a week after a heart attack and a couple of stint insertions) and the statistically accurate and largely irrelevant note that 60 percent of all people using Zillow aren’t working with […]

Real Estate Investors: Go Away, For Your Own Sake

Assuming you didn’t take my advice based solely on the headline, here’s the line of thought for today inspired by an e-mail I sent one of my investors on Monday: In this market, with inventory as thin as it is, about the only way to secure a home is to overpay for it. There are […]

Shafts of Blue Amid the Gathering Clouds

Let’s see … There are thunderstorms expected from the western Great Lakes through north Texas. Snow (seriously, in April?) is expected north of the frozen tundra of Green Bay. And temperatures in the Ohio Valley are in the 70s and 80s. All of which, of course, has absolutely nothing to do with our high today […]

The Bedrock of the Market

I’m a sucker for David McCullough’s histories. And so it was that last year I found myself reading “The Great Bridge: The Epic Story of the Building of the Brooklyn Bridge” and learned of the marvels of engineering involved with this iconic landmark’s construction. Some may find the creation of Roebling wire the most interesting; […]

Playoff Hockey and Phoenix New Builds

It’s virtually impossible to describe playoff hockey to someone who hasn’t experienced it. There is a palpable energy in the building, the sensation of 18,000 people holding their breath simultaneously and releasing at sporadic moments throughout the game – a shot on a goal, a crisp pass and, especially, a hard check into the boards. The […]

Quick Pulse Poll: Pick the Appropriate Adjective

For the past couple of weeks, the posts here at All Phoenix Real have been particularly: Shrill Whiny Concerned Frustrated Apocalyptic All of the above Go ahead, think about it and then register your vote in the comments below. But do come back when you’re done. Trust me, I’m well aware of the tone […]

Baseball, Real Estate and Critical Thought

I am a man of two worlds. There is the real estate agent who has built a business out of absolutely nothing in the course of the past eight years. And there is the sportswriter who has been hanging around press boxes for the past 24 years and often is stunned by the changes that […]