Phoenix Real Estate Blog
Knowledge is power. In that spirit, the MyPhoenixMLS Phoenix Real Estate Blog covers everything that's Phoenix-area real estate, with the goal of helping buyers and sellers navigate the market.
ARCHIVED BLOG POSTS
2007
December 26, 2007 Beginning with today’s post, I’ll be writing a series of New Year’s resolution posts – since we’re all sitting down right now to make those resolutions, let’s add some that will help us buy or sell homes better – or just save money everyday. Today’s New Year’s resolution will h...
12/27/2007
December 24, 2007 It’s a day to celebrate in a slower housing market: you get an offer on your home. But then you look at the number and your face turns red – it’s so low, you can’t believe anyone would dare suggest that your precious home is worth so little. Take a deep breath, step back, and ...
12/27/2007
December 21, 2007 Last month, I wrote a post, called “Maybe the IRS isn’t so bad after all? Oh wait, never mind” about the IRS rules on taxation of cancelled debt as income. Basically, the rules say that with a few exceptions, if a homeowner’s lender agrees to a short sale instead of a foreclo...
12/27/2007
December 19, 2007 When I heard on the news yesterday that housing construction starts had fallen in November – down 3.7% across the U.S. from October and off 24% from November of last year – I was happy. That’s right. The dip in housing construction starts and permits is actually a good thing....
12/21/2007
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December 17, 2007 I came across an interesting discussion yesterday, in response to an article in the Arizona Daily Star, “Real estate agents strive to cope in slow market.” One commenter said, “The only advantage an agent adds to the process is the ability to use the Multiple Listing Service. A...
12/19/2007
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December 14, 2007 Last week, the Bush Administration, mortgage lenders, and investors together agreed on a plan to freeze certain subprime rates for 5 years. The negotiations, between Treasury Secretary Henry Paulson, and mortgage industry executives, came in the face of 2 million looming mortg...
12/19/2007
December 12, 2007 Yesterday the Federal Reserve decided again to lower the federal funds target rate by another 0.25% -- to 4.25%. From the Fed’s press release: “Incoming information suggests that economic growth is slowing, reflecting the intensification of the housing correction and some soft...
12/13/2007
December 11, 2007 There are presents to be bought, decorations to be hung, cookies to be baked. Who has time to buy or sell a home during the holidays? If you’re trying to sell your home right now, you may be inclined to take a “break” during this holiday season. Pick things back up in Januar...
12/11/2007
December 7, 2007 A recently released National Association of Realtors (NAR) market report for the Phoenix area talked about the housing market in the Valley. This is the third in a series of posts explaining some of the NAR’s findings. One of the most commonly cited housing market statistics is...
12/11/2007
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December 5, 2007 As part of my series of posts on the Phoenix housing market and the Arizona economy in general, today I’m writing from the 44th Annual Economic Forecast Luncheon. Experts at the 44th Annual Chase/W. P. Carey Economic Forecast Luncheon (including S&P’s Chief Economist, JP Morgan ...
12/06/2007
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Knowledge is power. In that spirit, the MyPhoenixMLS Phoenix Real Estate Blog covers everything that's Phoenix-area real estate, with the goal of helping buyers and sellers navigate the market.