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phoenix market: The Phoenix Market is in Turnaround- So... I'm Flipping Properties - 06/01/09 01:57 PM
I've received a few emails... and even a call or two, asking me what I've been up to lately.
I'm happy to report that, though my blogging output has been sparse, I'm doing very well and staying quite busy through a vastly improved real estate market here in the Phoenix metro area.
Here's the latest:
The market has "lost" several months of inventory. Last year the market had over 12 months of inventory- now there's just over five months. Whether this is a momentary blip, or the new trend, remains to be seen. However... if the trend holds, we no longer … (24 comments)
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phoenix market: Market Pulse: What I'm seeing in the Phoenix metro Area - 08/21/08 05:34 PM
"How's the Market?"
I'm asked this question all the time. Since the market is varied, the answer is different depending on the sector. If we were to take the pulse of the market right now here are a few trends we'd notice:
New Homes: It's not a great time to be a builder. Profit margins are down- and it will probably stay that way for a while. This is good news for the buyer. The selection is phenomenal. New home starts are down to a 17 year low nationwide. This is bound to happen. The builder inventory is still high... … (6 comments)
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phoenix market: The Return to Housing Affordability - 08/20/08 06:41 PM
Look at Those Prices!
In 2004 people around these parts (that's the Phoenix metro area for anyone new to this blog) found that there was an abundance of homes from which to choose.
Houses were affordable and the selection was tremendous.
Then came the boom. For the next two years the affordable selection dwindled.
What do I mean by affordable?
Affordability has a nuanced meaning. For you, it means anything that fits your budget. For the market it includes any home that the average resident can afford.
When the average home buyer is able to purchase the average home … (5 comments)
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phoenix market: Forbes Ranks Phoenix in the top ten of "U.S. Real Estate Markets for Investment" - 07/19/08 08:56 PM
Forbes July 10, 2008 edition is out. Once again Phoenix, Arizona makes the list of cities in the United States most suitable for investment.
Though Forbes recognizes the issues facing the city, such as lending related hardships- they still find much to like in the area.
I couldn't agree more; there are distresses in the market but there are also bright spots.
Notably areas closer to the heart of the metroplex are the new target for housing. The areas on the fringe of the valley, with their low prices are still seeing growth but gas prices have made the … (5 comments)
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phoenix market: I Was Interviewed by NuWire Investor Regarding the Phoenix Market - 05/20/08 04:46 PM
Having been an occasional reader of NuWire Investor it came as quite a surprise to have them give me a call last week.
NuWire tackles issues related to investing. They perform first person interviews and combine that with intensive reasearch to bring their audience a balanced view of the varied markets across the country and around the world.
I was one of the persons interviewed for an article regarding the current conditions for investors in the Phoenix market.
Today the story appeared and I must congratulate the author, Melana Yanos, as I feel she did an outstanding job capturing a … (8 comments)
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Chuck Willman, Arizona Realtor® 480.292.0600
Mesa,
AZ
More about me…
Gentry Realty
Address: 2812 N. Norwalk #101, Mesa, AZ , 85215
Office Phone: (480) 292-0600
Cell Phone: (480) 292-0600
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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