Phoenix Real Estate Blog

So I just signed up to make some news videos with Realty Times – to talk each month about the real estate market in the Phoenix area.  Of course, I’ll post the videos on www.myphoenixmls.com as soon as they come out.  While they’re in production, I figured I’d offer you a sneak peek into what I’...

I was updating my Phoenix-area market conditions report on Realty Times the other day and I realized that they would make good blog material: after all, our motto is Knowledge is Power, and what better way to stay knowledgeable and powerful than to stay informed about market conditions?  Today, I...

I’ve blogged before about the lengths sellers will go to these days.  An older couple offered potential buyers their money back when the couple died.  Others offered cars.  Trips.  Super Bowl tickets. Then there are more practical ideas: like sellers offering to “give” prospective buyers part of...

I don’t think we’re in Kansas anymore. It shouldn’t be news to anyone who ever reads the newspaper, surfs the Internet, watches TV, listens to the radio, or generally communicates with the outside world in any way at all: the real estate market has been in a downturn. Yet maybe it’s one of those ...

February 4, 2008 Last week an article came out in Advertising Age bashing realtors.  It’s title: Pay Heed to What Realtors Don't Say in Their Latest Pitch, These Agents Will Wallow in Conflict Like Pigs in a Sty for Their 7% Cut.  Ouch! The article went on to lambast a recent National Associatio...

February 1, 2008 There’s not really any single reason we could point to that explains why the housing market/ lending industry has been through such an upheaval.  Certainly rapidly rising home prices had something to do with it.  And the rise in risky loans, like interest-only and subprime loans...

January 30, 2008   The Fed cut rates again Wednesday, the second rate cut in 8 days (last Tuesday the Fed cut its Fed funds target rate by 0.75%).  Today, the Fed made a 0.5% rate cut.  It’s more aggressive rate-cutting than we’ve seen in many years – even after September 11, 2001, Greenspan’s F...

January 28, 2008 As economists like to do, they’re prophesizing on whether the economy will go into a recession.  Some say yes, others say no.  Some say there’s a 40% chance; others say the odds are 60/40.  But the fact is that even the brightest economist, with the best data, can’t know for sur...