arizona real estate: Foreclosures in the Valley up 97% in December!
- 01/14/08 03:53 PM
Foreclosures in the Valley up 97% in December!by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate See the article from today's Arizona Republic. Wow, foreclosures up 97% from the same time period the previous year! Guess this is a strong indicator of the problems the Valley is currently facing. Slightly weaker jobs, burdensome debt load and the aftereffects of the subprime fallout are all certainly contributing factors. We will most certainly continue to watch inventory; both locally and valleywide, as the best indicator of the state of our market. Thanks for Reading :) Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate … (13 comments)
arizona real estate: Real Estate Reality Show - Phoenix Style!
- 10/14/07 04:39 PM
Real Estate Reality Show - Phoenix Style!by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate There are ALL SORTS of tv shows related to Real Estate. Flip this house. Bob Vila that. Million Dollar listing. I could go on and on. Are you familiar with what's going on in the Valley? Houses just got too expensive for people?People bought too many investment properties that have turned on them?People bought unnecessary square footage in the form of McMansions?Do all these themes interest you? According to the Arizona Republic there may soon be a TV show based on such scenarios that folks have undergone in … (0 comments)
arizona real estate: Latest East Valley Statistics
- 10/14/07 09:14 AM
Latest East Valley Statisticsby Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate Per our friends at the Grand Canyon Title Agency, please find enclosed East Valley Market Statistics as of October 1st. Shows just what a small percentage of homes have gone under contract in the previous month. Thanks for Reading :) Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate
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arizona real estate: Ever wonder why those water tankers are at new home construction sites?
- 09/24/07 04:15 PM
Ever wonder why those water tankers are at new home construction sites?by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate You drive by a new home subdivision or a plat of land where homes are slated for. A lot of dirt. And often, a water tanker. Sometimes they can even be spotted "watering the dirt." What gives? Whats that all about? Pretty simple, really. Local authorities don't really want a whole bunch of dust/sand flying around when the wind kicks up - hence regulations to keep the ground at such locations moist. One local builder was just busted and fined in excess of $150,000 … (7 comments)
arizona real estate: D'arcy Ranch YTD Market Statistics
- 09/08/07 02:10 PM
D'arcy Ranch YTD Market Statisticsby Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate Enclosed, please find the year-to-date market statistics for the D'arcy Ranch subdivision. D'arcy Ranch is conveniently located near the intersection of the 101 highway and Ray Rd. in Chandler. Data courtesy of ARMLS.
Thanks for Reading :) Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate
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arizona real estate: AMAZING Spec Home Deals in Maricopa
- 08/08/07 08:14 PM
AMAZING Spec Home Deals in Maricopaby Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate Interest in purchasing a home or new home in the SouthEast Valley? Prices just a little too high? Can't afford 200k+ for a starter home? Well please consider Maricopa. Roughly 20 minutes South/Southwest of Chandler, homes in Maricopa can be purchased for significantly less than those in areas like Chandler. How much less? Lets just say there are NEW spec homes available in the 130's!! There are a fair number for 150k and less. Interested? Shoot me a note and I can fill you in on the details! Thanks for … (1 comments)
arizona real estate: Thinking about 'fishing'? Not in this market....
- 08/08/07 07:59 PM
Thinking about 'fishing'? Not in this market....by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate This blog entry of mine really applies to the would-be-sellers as well as agents that will take any and all listings. Dear Mr. and Mrs. Seller - Did you know that there are currently OVER 54,000 homes for sale in the metropolitan Phoenix market? That is an all time high! In the past, people have tried to 'test the waters', so to speak - put there home up for sale and see if anyone 'bites'. Hey, under the right set of market conditions, this has worked! Today? WHY BOTHER? … (1 comments)
arizona real estate: Telling words from Toll CEO
- 08/08/07 07:47 PM
Telling words from Toll CEOby Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate Surfing the web as I often do, I came across this article today in the East Valley Tribune. Its an article whose focus is to discuss the decrease in Toll Brothers' 3rd quarter revenue. The article actually opens with the following quote from CEO Robert Toll - "This downturn is very different. It is the first one in my 41 years in the business that's occurred when you have an up stock market, low unemployment, decent job growth and a very decent economy," So what we are going through is really … (2 comments)
arizona real estate: Congratulations Gilbert - you are the fastest growing 'big' suburb in America!
- 08/07/07 08:54 PM
Congratulations Gilbert - you are the fastest growing 'big' suburb in America!by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate This article just came out at realestate.msn.com. It discusses the fastest growing suburbs in America. Sure, some of the fastest growing 'burbs' are located in California (typically the affordable ones) and in Texas (where sprawl is the name of the game). Arizona has a couple also. Buckeye, Surprise and Goodyear make the list...they are actually in the top 5. As far as 'larger' suburbs go, ie ones with > 100,000 population - guess who's first? Yup, good ol' Gilbert. Surprised? Have you driven … (5 comments)
arizona real estate: Arizona Reflections - Great Starter Homes in Chandler
- 08/07/07 08:43 PM
Arizona Reflections - Great Starter Homes in Chandlerby Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate I have a question for you. 1) Looking for a starter home in Chandler? Well, if so, you may be interested in the Arizona Reflections subdivision. Why? Relatively speaking, the homes here are affordable, the grounds well kept and the location excellent! Homes in Arizona Reflections generally range from the low 200's up to the low 300's. With average sales prices in Chandler well over 300k, Arizona Reflections presents itself as a relative bargain! Please see year-to-date market statistics for this subidvision below. What about location? Arizona Reflections is nestled … (0 comments)
arizona real estate: Michael Pollack speaks - we listen!
- 07/29/07 07:41 PM
Michael Pollack speaks - we listen!by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate Have you ever driven around in the Valley? Well then you've probably seen many of the semi-trailors with the name Pollack - these are located all over the place! What does the name mean? Well, in this case we are talking about one of the utmost experts with regards to retails centers and strip malls in the metropolitan area. An article just appeared in the Arizona Republic where Michael Pollack addresses various issues of importance to such strip malls. He points out that "big-box" stores ala Walmart can steal business from … (1 comments)
arizona real estate: The seller has completed repairs - do you ever hire an inspector to confirm?
- 07/11/07 08:03 PM
The seller has completed repairs - do you ever hire an inspector to confirm?by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate Its a common practice for homes to be inspected when they go under contract. The inspector finds some flaws, the buyer and the seller typically negotiate what items get fixed, repairs are completed and the home closes escrow. I was wondering - how common is it for another inspection after the completion of repairs...with the obvious purpose to verify that the repairs were completed correctly? Obviously if a loicensed contractor were to be used, receipts/records might be available. But what if … (14 comments)
arizona real estate: Who are the biggest Employers in the East Valley?
- 07/11/07 07:53 PM
Who are the biggest Employers in the East Valley?by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate Its no secret that a strong employment base is a key factor that drives growth and supports local economies. Job growth will often help to drive new construction and growth within the Real Estate market as well. On that note I came across this article from the East Valley Tribune which lists the top 40 employers in the East Valley. These companies are some of the major drivers for the Valley's current and future growth! Thanks for Reading :) Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate
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arizona real estate: Short sale - come on, everyone's doing it!!
- 07/08/07 01:57 PM
Short sale - come on, everyone's doing it!!by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate You buy a home. You need to sell the home. But for whatever reason....the home decreased in value or you borrowed too much against the home - you owe more than the home is worth. You would just have to remain in that house until you achieved a better equity position. But wait, oh, you lost your job also? Can't make the payments anymore??? Very bad situation. In the past, you likely would have been forced into foreclosure. Nobody wants their home foreclosed upon. Its a horrible process. It ruins … (15 comments)
arizona real estate: Anyone looking for a mall in Gilbert?
- 07/02/07 05:05 PM
Anyone looking for a mall in Gilbert?by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate Gilbert is growing. New construction galore. As more and more people move into Gilbert the amount and number of retail outlets will also grow correspondingly to meet growing demand. A HOOOOOGE mall, in the form of the SanTan Village shopping center is set to open this fall per the East Valley Tribune. This mall will be based on 120 acres located at Williams Field Road and the Loop 202. This mall has been in Gilbert's general plan as early as the 1980s but only in 2003 did residents … (4 comments)
arizona real estate: Where the housing boom goes on
- 06/27/07 08:00 PM
Where the housing boom goes onby Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate A good portion of the country is stuck in a Real Estate 'flat'. Or maybe even a little bit of a 'bust'. This is certainly not the case everywhere. Read this article from money.cnn.com. Various places are posting double digit price appreciation! How is this possible? Numerous reasons are given, but I think it boils down to a few basics..... Didn't appreciate during the boomJob growthPopulation growthThere are places that have some of these signs but haven't appreciated in the last year. Phoenix, for example, continues to demonstrate strong job … (7 comments)
arizona real estate: Tips for first time buyers
- 06/25/07 07:39 PM
Tips for first time buyersby Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate As I have stated before, the majority of my blogging has been done on the Active Rain network. Its where I got my start and I will of course continue contributing. But I also think its time I started venturing out on my 'own' a little bit. And here we are - I am writing a blog post on my own website! And what is my topic today? Its a simple one yet one that can't be emphasized and/or discussed often enough - tip for the first time buyer! … (11 comments)
arizona real estate: Who is your builder again...?
- 06/17/07 08:29 PM
Who is your builder again...?by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate All builders are not created equal. Different levels of attention to detail,d ifferent philosophies, etc. At some level they are the same. But at many levels they aren't! Reading the East Valley Tribune today, I came across this article. It suggests that buyers of new homes Focus on the builder, less so the price.Get an inspection done - so what if its new!If you do have problems, file a complaint!!I also came across this article. A experienced developer had a new home (~ 500K) built by a well known national builder. … (3 comments)
arizona real estate: Should licensing be easier or harder?
- 06/11/07 08:04 PM
Should licensing be easier or harder?by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate I had run across an article by Greg Swann of Bloodhound blog recently in the Arizona Republic. To summarize, Greg suggests (and Greg please feel to disagree if my synopsis is inaccurate) he states that licensing requirements for real estate agents is a joke. No disagreement here! He points out that passing the test only proves a persons ability to remember rather useless bits of information and in no way predicts future success as a Real Estate Agent. He backs this up by stating that more than 90% … (19 comments)
arizona real estate: Uh-oh...mortgage rates hit 10 month high!
- 06/11/07 05:11 PM
Uh-oh...mortgage rates hit 10 month high!by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate I'm sure most real estate professionals keep track of mortgage rates. I'm sure most folks considering the purchase of a home do the same. But, I'm also guessing some people (professional or consumer) have been remiss in keeping up. So I thought I'd post a little update. This was posted today in money.cnn.com. Mortgage rates are now at a 10 month high with the 30 year fixed having passed 6.5%. One always says to not attempt to 'time the market' - if you find the right house for you … (6 comments)
Check out my Real Estate commentary - my entry topics vary from real estate investing, to first time buyers in Phoenix to strategies for professionals.
Foreclosures in the Valley up 97% in December!by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real Estate;)
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