Phoenix Real Estate Blog
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.
ARCHIVED BLOG POSTS
2007
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 tun...
10/30/2007
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October 27, 2007 With the average home price in the Phoenix Metro area around $260,000, a 20% down payment would be $52,000. Even if you could afford to save $500 a month (on top of your rent payment), it would take you almost 9 years to save up for a home! Some relatively high-income borrowers...
10/30/2007
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October 24, 2007 An interesting article appeared in the Chandler section of the Arizona Republic yesterday. It was about house swapping. But not the kind we saw last Christmas in “The Holiday.” That kind of house swapping involves temporarily trading homes as a kind of vacation. This kind of...
10/25/2007
October 22, 2007 Last week, I wrote about Phoenix being named one of the 10 best places for real estate deals (according to Forbes). Phoenix is, and will continue to be, a great place to find real estate deals because of economic fundamentals – factors like strong job growth and population incre...
10/23/2007
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October 19, 2007 At the Mortgage Bankers Association 94th annual convention this week, mortgage bankers agreed: subprime loans will return, but they will look different than they did during the most recent real estate boom. Stories abound about subprime lenders’ woes – including those making sig...
10/19/2007
October 19, 2007 An article Thursday in the Wall Street Journal confirmed what I’ve long believed: in hot investment locales (like Arizona) “defaults on mortgages where the owner doesn't live in the house are a major driver” of foreclosures. That’s according to an August study by the Mortgage Ban...
10/19/2007
October 15, 2007 Phoenix is one of the 10 best places for real estate deals, according to Forbes.com. In an article last week, Matt Woolsey wrote, “there are areas of the county where it makes sense for some to buy. That's because, in a market slump, sellers eager to unload their homes often acc...
10/19/2007
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October 12, 2007 It may be starting to seem like the MyPhoenixMLS.com blog is only about foreclosures. It’s not – I have lots of other interesting real estate topics brewing in the back of my mind, too. It’s simply that foreclosures have been the hot topic lately – and they’re affecting most o...
10/19/2007
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October 10, 2007 On Wednesday, I wrote about the factors that have caused the foreclosure crisis (and what homeowners facing foreclosure can do to save their homes). Soon, homeowners may have some additional help, too. There are a number of “fixes” (some say bail-outs) for the foreclosure crisis...
10/19/2007
October 8, 2007 According to RealtyTrac, an online marketplace for foreclosure properties and the go-to source for foreclosure data, foreclosures in the U.S. were up 56% in the first half of 2007 over the first half of 2006. In Arizona, they were up 128%. And, according to a recent article in t...
10/19/2007
Real Estate Resources
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.