Earlier this week, I posted a quick note about how the Arizona Republic took a national report and drew some sweeping conclusions about the Arizona market. Their headline sent many people to their phone, computers or social networking spaces to comment in fear that the Phoenix market was about to tumble all over again. See …
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Great Deals in the ‘Hood 0
Here is this week’s updated list of the best deals in the ‘hood. 1) This expertly updated ranch in CenPho (now only $149,500) is walking distance from Light Rail and convenient to all the CenPho attractions. You can walk to Lux, Pane Bianco, Copper Star and all the shopping on 7th. That’s heaven! You should …
Read MoreA Big Ol’ Grain of Salt 0
The Arizona Republic reported this morning that housing prices are due to drop again by 10%; such that they could be cheaper next summer than they are today. Now, I can’t read tea leaves any more than Lady GaGa would be seen wearing a polyester polo shirt from WalMart. But there are parts of this …
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Speaking of Short Sales 0
There has been a lot of talk recently about how short sales are getting closed with greater success. The data is mixed on that. On the whole: if you are buying a home on and considering making an offer on a short sale, talk with me first. The speed of your closing depends on who …
Read MoreHAFA Great Day 0
For those of you who are thinking you might short sale your home, you need to know about HAFA, Home Affordable Foreclosure Alternatives. This is another attempt by the Obama administration to stem the tide of foreclosures, thus far with poor results. Basically, the program will give the home owner $3,000 to encourage them to …
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A Note on the Tax Credit and Foreclosures 0
You may have heard in the news about an extension of the tax credit for first time home buyers. I’ve not really covered this because it really only applies to people who are in escrow. I don’t think the media was clear enough about this: the only thing they were extending was the time you …
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