May 2009

Sunday Stats, May 31, 2009

Market Analysis & Stats

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Click all charts to enlarge; use browser’s back button to return The whole MLS: The ZIPs most often covered by The Phoenix Agents”: New this week, stats for the entire MLS by price band. The market is completely segmented these days, so I hope this will be interesting and useful for our readers. Lower price [...]

31 May 2009 Read the full article →

Bridge Loans Using $8,000 Homebuyer Tax Credit

Buyer Help

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Yesterday the FHA released new guidelines designed to further stimulate the struggling housing market. The FHA (Federal Housing Administration, an arm of the federal Housing & Urban Development department) is now allowing ‘bridge loans.’ What’s A Bridge Loan? Just like a physical bridge, bridge loan financing gets you from here to there. Bridge loans are [...]

30 May 2009 Read the full article →

Decorations Fail

Op Ed

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Hat tip for the title to FailBlog.org, part of the Cheezburger Network. Found this pic in the MLS today: Nothing screams Stale Listing like holiday decorations in your MLS photos on May 29. Heather Barr is a Realtor and a happy workaholic. She eats more than someone her size ought to be able, and is [...]

29 May 2009 Read the full article →

Foreclosures: Read the Fine Print

Buyer Help

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Buyers should read the fine print on bank addendums very carefully before agreeing to complete the purchase of a foreclosed (“REO”) home. I’m reading a bank’s REO Addendum now and I’ve got 2 problems with it.  1) It removes the buyer’s financing contingency after the “Financing Commitment Date.” 2) The actual Financing Commitment Date is [...]

28 May 2009 Read the full article →

Follow up to swimming pool distribution post

Buyer Help

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Last week I took a look at the number of homes in ARMLS which sold with and without a swimming pool.  My assumption was that the number with a pool would be much higher in the "inland cities" which didn’t have as much rampant growth during the peak – Glendale, Tempe, Scottsdale, Phoenix, etc.  Conversely, [...]

27 May 2009 Read the full article →

Moving Stills 62 – Chateaux on Central

Photoblogging

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Per their website:  21 5-level townhomes ranging from 5,100 to 8,200 square feet (and each with its own private elevator).  All this and the light rail at your building’s front door.  Yeah, I could live in this chateaux.. You can read the rules for a Moving Stills post and learn how the series came to [...]

26 May 2009 Read the full article →

Sunday Stats

Market Analysis & Stats

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(click chart to enlarge; use browser’s back button to return to article)   Changing up the color coding this week – so many ZIP codes are past “recovery” and in to “Seller’s Market!” that I’m abandoning the red-for-bad and green-for-good color scheme in favor of gray shading. Gray shaded boxes show ZIPs that are recovered [...]

24 May 2009 Read the full article →

Does that home have a swimming pool?

Market Analysis & Stats

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This is a question we hear A LOT during the summer.  Ever wonder how many homes actually have a swimming pool?  I do, so I went ahead & pulled some data from the MLS to check it out.  Here’s what I found: (click the chart to enlarge) Data includes:  All closed transactions in ARMLS between [...]

21 May 2009 Read the full article →

Moving Stills 61 – 3rd Ave exit

Photoblogging

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The carpool exits on I-10 at 3rd Ave (eastbound) and 3rd St (westbound) offer another great reason for sharing a ride! You can read the rules for a Moving Stills post and learn how the series came to be by reading my initial post in the series – Moving Stills 1. Your wishing carpooling was [...]

20 May 2009 Read the full article →

More Thoughts on REDC Auctions

Buyer Help

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This is a follow up to yesterday’s post about the upcoming June 13-14 REDC auction of bank owned foreclosure homes. Most auction houses don’t use the Arizona Association of Realtors’ (AAR) purchase contract form. They’re national corporations; they use their own forms. REDC doesn’t publish their purchase contract online. However, I’ve seen other auction companies’ [...]

19 May 2009 Read the full article →

REDC Auction

Buyer Help

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REDC is one of the biggest home auction houses in the country and they’re advertising their upcoming June 13-14 Phoenix area auction heavily on local cable TV channels. Here’s a few things you should know if you’re thinking about attending. Access and Inspections You can tour the homes and do inspections before the auction but [...]

18 May 2009 Read the full article →

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