As mentioned in August’s Phoenix Real Estate Market Report, Jim Sexton is back with an update on the foreclosure front. (If video doesn’t display click here. ) To add this video to your website or real estate blog, copy and paste the code below: <object width=\"525\" height=\"320\"><param name=\"movie\" value=\"http://www.youtube.com/v/ZR_vYB0HAFk?fs=1&hl=en_US&rel=0\"></param><param name=\"allowFullScreen\" value=\"true\"></param><param name=\"allowscriptaccess\" value=\"always\"></param><embed src=\"http://www.youtube.com/v/ZR_vYB0HAFk?fs=1&hl=en_US&rel=0\" type=\"application/x-shockwave-flash\" [...]
For those of us that survived July’s real estate market, we need to know how August treated us. August showed a 7% increase in number of sales (7525 vs. 7021). But what’s happening to prices…? They did continue their decline. Mike Orr wrote a couple of nice articles on prices in August. Check them out [...]
(click here if video does not display) Well I guess I’ll start with the trite phrase – I have good news and bad news regarding the greater Phoenix real estate market last month. Where do we start? With the good news obviously. We closed over 7,000 transactions last month, which is well above the monthly [...]
Wow a last minute reprieve regarding the tax credit! What’s that mean? We’ll have fewer cancelations of the 17,000 properties currently in escrow. With all the discussion regarding an extension for the last couple of weeks, it appears that not all the lenders, sellers and buyers believed that it was necessary to close by 6/30. [...]
There’s a lot being written about the Phoenix Real Estate market as analysts and practitioners try to describe or predict what’s happening. In my opinion, the market is sputtering on the price front but continues a brisk pace on a volume basis. To me any month with greater than 9000 closings is an outstanding month. [...]