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You can read my March 2008 Metro Phoenix Home Sales Trend report at www.TempeAgentNews.com .
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You can read my March 2008 Tempe Condo Sales report at www.TempeAgentNews.com .
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Twenty condos (classified as "Townhouse" and "Apartment Style" in the MLS), closed in February, one less than January. Active listings as of 3/19/08 are at 354, up from January, pushing inventory out to 18 months from 16. This is also
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February had 12,932 new listings, a bit down from January's 15,903. Sold listings moved up to 3,448 from January's 2,912. With fewer new listings and higher sales, we are at least going in the right direction, but still a long ways to go to bring
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This article has been moved to my new blog site here: http://tempeagentnews.com/2008/03/04/tempe-new-build-presidential-estates/
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Trulia Voices is a forum for asking real estate questions. Here is a recent question that I thought would be of general interest: “The house I'm interested in sold for $307,000 in 2006. The asking price is now $359,000. That seems to high for
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January's sales trends update. Having now completed the first year of publishing this chart, I will now present the data in an ongoing rolling 12 month format. I think it's important to compare the data over a long period to get a better feel
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(This is a guest article by Richard Blair of Professional Mortgage Consultants, www.PMCHomeLoans.net) One of the most frequently asked questions from borrowers is why home mortgage rates do not fall after Federal Reserve cuts rates. In fact, after each
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The Arizona Regional Multiple Listing Service (ARMLS) has published the 2007 4th Quarter Economic and Market Watch Report, available here , along with prior reports. It covers extensive economic and housing data broken down by zip codes for Maricopa and
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According to the median price charts from Altos Research , it appears that Tempe prices have finally started to bottom out around $300K. Only time will tell if the trend holds. Except for Scottsdale, all other cities being tracked are still heading down.
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Twenty-one condos (classified as "Townhouse" and "Apartment Style" in the MLS), closed in January, in line with December's 22 sales. Active homes are currently at 345, again no real change with inventory remaining at about 16 months.
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I had commented awhile back on the question I typically get from buyers about the safety of various neighborhoods . I still get this question from almost every new buyer I meet. Of course, everyone wants to live in an area they consider safe. I just can't
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Jim Cramer of Mad Money has totally reversed his stance on home buying. His previous prediction for the "bottom" was March 2008. With the recent steep Fed rate cuts, he says it’s time to buy a home now. The last cut "...has made a
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Bit of a late update for December, but here it is..... Twenty-two condos (classified as "Townhouse" and "Apartment Style" in the MLS), closed in December, sharply up from Novembers thirteen. Active homes are currently at 344, not much
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Here's my updated pricing trends chart which now covers all of 2007: December had 8,837 new listings, the lowest increase of the year. Listings typically drop this time of year with many homeowners waiting until the new year to go on the market. We
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