Jeffrey Raskin's (jraskin) Blog

I see interest rates dropping and a lot of people refinancing their homes with 30 year fixed rates in the      4 % range. Still a lot of investors snapping up the lower priced homes with cash, competing with other offers coming in and the responses of submitting the highest and best.

Yes, you heard me right! The stats prove it, investors, first time home buyers and people who just want an inexpensive home are jumping in with both feet- and then some! Sales have doubled since the same time last year because home prices are so low and interest rates are great. I'm especially ta...

Things are busy, busy, busy! As mentioned in a prevoius blog, about 70% of the properties closing right now are either REO or short sales (remember, I'm in Arizona). Prices have dropped in some areas to where they were 20 years ago, making homes VERY affordable. I know the news broke an article s...

We made it to the SuperBowl and barely lost. And even though this was played in Florida, I think people were curious about what it's like in Arizona and checked out the weather and other stats about our state. A lot of people were probably suprised (or maybe not) that we are basking in gorgeous w...

It looks like Phoenix was put on the places that are coming back up (in real estate). It's interesting to see the different reports, depending on what you read or who you watch, but being in a state that has a lot of foreclosures but investors and homeowners coming back on board to snap these up ...

Interest rates are low...low....low, and there are a lot of really good buys out there. About 70% closings are REO or short sale properties. Buyers seem to be jumping off the fence to buy. Getting calls on my listings and calls from buyers wanting to look at homes. The market seems to be picking up.

Happy New Year!  Things are picking up for 2009. Interest rates are low and with prices coming down as they did, people (not just investors) are picking up homes. Great sign!

How is the real estate market doing? That is my #1 question.