housing prices: Phoenix Real Estate Blog: Survey Says, Homeowners More Optimistic About the Future - 08/18/09 02:37 PM
 
As I was driving to meet a client yesterday, I was listening to NPR and the story was about the economy.  The central question, as it always is, was whether or not we’ve hit bottom.  I won’t go into the details, I mention it only to recall what the interviewee said, “At the end of the day, you have to look at yourself, look at your neighbors – how are you feeling about the economy?  Are you spending money?” 
In other words, the economy won’t really begin to recover until consumers start spending again.  And that won’t happen until … (0 comments)

housing prices: Phoenix Real Estate Blog: Near the Bottom of the Housing Market in Phoenix? - 07/17/09 03:04 PM
 
I don’t really like to do two posts in a row about market statistics -- because it just feels too wonky.  But a recent news article about a possible light at the end of the tunnel forces me to do two statistics blogs in a row.  The day before yesterday, I wrote about what home sales volumes and prices did in June compared to May.  Sales volumes and prices were up month-over-month -- good news, of course.
More good news came in the Arizona Republic this morning as ASU real estate Professor Karl Guntermann said that we may be at … (0 comments)

housing prices: The only thing we have to fear is fear itself - 03/05/08 11:16 PM
75 years ago yesterday, on March 4, 1933, President Franklin Delano Roosevelt gave his first inaugural address.  The country was in desperate economic shape – the throes of the Great Depression – and FDR had been elected in a landslide to do something to pick the country back up. 
That day he spoke some of the most memorable words we’ve heard.  He said:  “This great nation will endure as it has endured, will revive and will prosper. So first of all, let me assert my firm belief that the only thing we have to fear is fear itself.”  (Visit http://webstorage4.mcpa.virginia.edu/fdr/audiovisual/speeches/spe_1933_0304_roosevelt.mp3 … (0 comments)

housing prices: Arizona Republic columnist suggests that the housing market may have corrected - 01/18/08 12:15 AM
January 14, 2008
A column this weekend by the Arizona Republic’s Catherine Reagor suggests that the drop in the median Valley home price suggests that the housing market here may have corrected.
The median price of an existing home in Metro Phoenix was $232,000 in December – 11 percent lower than at the beginning of 2007.  But, Reagor wondered, is that the market correction real estate analysts and economists have been predicting?
December’s median price of $232,000 was the lowest in the Phoenix area since the spring of 2005, when the median price (in April) was $221,000.  The median price hit … (0 comments)

housing prices: The Phoenix economy's undercurrents remain strong -- solid employment numbers are just another example - 11/28/07 12:20 AM
November 21, 2007
Last Thursday, the Arizona Department of Economic Security released its November employment report, which showed that Arizona hit a record 2,737,500 nonfarm jobs in October.  The unemployment rate in the Phoenix metro area is 3% -- below the statewide average of 3.5% and dramatically lower than the U.S. average of 4.7%.
In an article earlier this week, Inman News columnist Bernice Ross wrote that “There’s no question about the fact that there is bad news in some markets. What irks me is that there is also a lot of good news that is either being buried or is … (1 comments)

housing prices: Q: How do we get back to normal? A: Get rid of that excess supply. - 10/30/07 11:40 PM
October 29, 2007
What to do about all of the unsold homes?
The bottom line, we’re beginning to realize, is that builders and individual home sellers will have to cut prices dramatically in order to clear the excess inventory of unsold homes on the market right now.
The light at the end of the tunnel?  A stable real estate market in which housing prices once again rise.  But getting there might hurt.
According to a recent Business Week article, “When builders cut their prices in one fell swoop, rather than letting them drift slowly downward, they in essence force sellers of … (3 comments)

 
Bob Stahl (Sterling Fine Properties) Rainmaker large

Bob Stahl

Phoenix, AZ

More about me…

Sterling Fine Properties

Address: 7001 North Scottsdale Road, Suite 1020, Scottsdale, AZ, 85253

Office: (480) 447-3553

Mobile: (602) 318-1114

Email Me

Knowledge is power. In that spirit, the MyPhoenixMLS Phoenix Real Estate Blog covers everything that's Phoenix-area real estate, with the goal of helping buyers and sellers navigate the market.


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find AZ real estate agents and Phoenix real estate on ActiveRain.