What is happening with our economy? We contracted .1% in the 4th quarter, yet created about 600,000 jobs. How can that be? Now we are looking back at January and factory orders rose 1.8%?? Everything I see shows the economy is growing. First, housing has been the big drag on the economy and the consumer….Read More→
October Jobs up 171,000 plus revisions of +84,000 for the past 2 months unemployment rate 7.9%
There you have it, even with an election on the horizon jobs keep steadily pumping out! I can’t wait until next year. I don’t believe who the president is will matter. What will matter is we will be further on turning the corner from the financial crises which caused the housing crisis. Next year home…Read More→
November 2012 Real Estate Market Report Metro Phoenix, Scottsdale and McDowell Mountain Ranch
Its real easy, just click the video below and watch our report on November 2012 Real Estate Market Report Metro Phoenix, Scottsdale and McDowell Mountain Ranch Click here to take a video tour of a 5 bedroom 3.5 bath, pool home in McDowell Mountain Ranch Click here to tour a 4 bed 2.5 bath, pool…Read More→
New Home Sale Rise to Highest Level since 2010
New Home Sale Rise to Highest Level since 2010. That was when the First Time Home Buyer Tax Credit was in place and buyers rushed to buy homes and qualify for the credit. We are seeing it everywhere here in Metro Phoenix. Prices are rising, subdivisions are selling out and new ones are starting. I…Read More→
Good News – Case-Shiller Shows Phoenix/Scottsdale Values Soar
There are still people in denial about the rebound in home values here in metro Phoenix and Scottsdale. Its amazing, like they insist nothing can be getting better and real estate is a bad investment. The Case-Shiller index shows the metro Phoenix market to be up 14% when comparing June 2012 to June 2011. Yes,…Read More→
HOMEOWNERSHIP RATE DROPS 9.6% SINCE 2004 PEAK
We would expect to see this type of activity as Foreclosures and Short Sales dominate this market. The question is what would we expect to be a bottom? Here are some comments by a good friend on home ownership rates: Jeff Geiser: I think there are a lot of long-term historic forces at work affecting…Read More→
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