I have been reporting how the market turned dramatically last year. This year New Homes are making their come back. As the resale market jumped 25-30% in value over the past year, New Homes make sense again. I have recently sold homes in 3 of the 4 corners of metro Phoenix, with 4 homes under…Read More→
EVEN WARREN BUFFET BELIEVES IN HOUSING-REAL ESTATE RECOVERY OF 2012
This is a valley wide CMA, attached. I was just checking before the 1st on what to expect for February. Below is from my spreadsheet of tracking: the first line below is January numbers the next is as of this morning, so partial for February. Available homes change …Read More→
LOAN MODIFICATION IN METRO PHOENIX – WHAT A JOKE!
Yes, I said what a JOKE! But let me go further and say after meeting with executives from Wells Fargo, Bank of America and Chase; they feel the same way. The biggest problem with loan modifications is that they give false hope to people. The second biggest problem is that 70% that get approved are…Read More→
DON'T LET THIS HAPPEN TO YOU! Some Arizona homeowners still owe after short sale
Great article on AZCENTRAL.com this morning. We send all our Short Sale home sellers to an attorney and accountant for legal and tax advise. This is something one must be cautious of, because the law is not black and white. It is hard to get an attorney to advise without leaning towards their own personal…Read More→
FLOPPING HOMES IN ARIZONA – SHORT SALE SCAMS
I have seen many attempts at flooping by these guys. I get at least 1 email every 10 days with a request to get involved. I believe this is wrong and many times fraudulent. I have seen many homes on the market, way under priced, but the agent tells me they have a low offer…Read More→
AZCentral – Catherine Reagor Reports Home Prices Falling
Today in the Arizona Republic or on-line at www.AZCentral.com I found this article by Catherine Reagor about the falling home prices in the metro Phoenix area. We are not exactly seeing this in the trenches, but let me explain what we are seeing. First, this article states the low point of average price per square…Read More→
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