Michael Dougherty Blog

Prescott Area AZ Real Estate Update June '08 The market continues to remain a strong Buyers Market in Prescott, Prescott Valley, Chino Valley & Dewey.  Here are the latest stats for the week ending 6/30/08: Active Listings- Single Family Homes: 2587 Homes Pending: 81 Homes sold in last 30 days: 1...

There continues to be a huge pent up demand for homes and that demand will only grow. Our economy added 4.3 million jobs in the past 2 years and for every two new jobs created, we historically see one new homebuyer. There are currently lots of homes to choose from, prices are moderating and inter...

Sadly this will keep our resale market in the tank for the rest of 07!We in Arizona will also suffer the pain!!Nevada, California Lead Surge in ForeclosuresMore than 430,000 U.S. foreclosure filings were reported in the first three months of 2007, an increase of 35 percent from the previous quart...

The Arizona Board of Appraisal is ordering Zillow not to provide Zestimates on the value of homes in Arizona on the grounds that it isn't a licensed appraiser in the state. If Arizona gets its way -- other States could follow suit and this would be a big problem for Zillow.Zillow says its compute...