Real estate blog entries tagged with phoenix by Marc Brodeur, Grayhawk Scottsdale Realtor (Keller Williams Integrity First)

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phoenix: Will the US Become Japan? - 11/21/08 11:36 PM

I hope not. Have you looked at the Nikkei index? They have been in a deflationary cycle since the late 80's. 20 years. Yikes. That is a long time!

The Nikkei is down almost 80% in the past 20 years and their federal bank rates have been close to 0% … (1 comments)

phoenix: Pending Sales at 2.5 Year High in Phoenix - 09/19/08 02:06 AM

The buyers are back. I am run off my feet. I have had 4 in town this week since Saturday and have 2 more for the weekend.

I looked and August 08 was considerable better than August of 07 for closed sales. 5705 properties sold in 2008, vs 4308 in … (0 comments)

phoenix: So You Want to Buy Real Estate in Arizona .... my fellow Canadian - 07/27/08 02:47 AM

You know its coming. Sometimes at the end of August the signs are already there. Labour Day comes (yes I spelled Labour via the Queen's English today) and you can already feel the nip in the air in the morning. You know it might be a short fall. If we are … (0 comments)

phoenix: The Streets are Getting Bloodier: Phoenix Foreclosures.... - 07/15/08 03:32 AM

There are just over 6000 foreclosures on the MLS right now. Of the 53,000+ listings on the MLS, over 20,000 are vacant and of those just over 6000 are foreclosures. The exact number of short sales on top of the foreclosures are hard to gauge.

One quarter ago, almost to … (4 comments)

phoenix: Foreclosure Numbers in a Few Select Metro Phoenix Zip Codes - 07/14/08 02:48 AM

Occasionally I will run the numberes on zip codes in the Phoenix area to see how they look. As of tonight (Sunday, July 13th at 1130 PM AZ Mountain Standard Time) we had the grand prize being tied between Surprise's 85379 and Buckeye's 85326 both @ 649 foreclosures scheduled in the … (1 comments)

phoenix: Stock Market and Real Estate Market - 06/25/08 03:54 PM

What impact does the stock market have on the real estate market? Some would say for once the real estate market's loose rules for lending is what has caused the current implosion in financials in the stock market. Verses the usual where the economy tanks followed by the real estate market … (1 comments)

phoenix: Caveat Emptor......Buyer Beware - 05/22/08 04:10 AM

The poor buyer. Many of the more serious buyers are out there now, the ones that sat out the bubble years, and are dealing with REO's and foreclosures. These homes are selling 40-60% on the dollar. Sometimes even less.

THAT DOES NOT MEAN THEY ARE A BARGAIN!!!

I … (3 comments)

phoenix: Phoenix Area Foreclosures - 04/08/08 03:10 AM

Is there anyone out there interested in buying a foreclosed bank owned property? ie a bargain! That appears to be the name of the game these days. Buying foreclosures or short sales for 50 cents on the dollar. Tonight I went through all of the zip codes in the valley. Everyone … (0 comments)

phoenix: Buy Signals in the Metro Phoenix Real Estate Market - 04/04/08 02:53 PM

Confessions of a market addict: I am a market addict. All markets, not just real estate. When I did my undergraduate degree at the University of Alberta in Edmonton in the early 80's, I was the guy on the phone (pay phones back then) talking to my stock broker between classes. … (1 comments)

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