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recovery: The Real Estate Market Continues to Recover - August 2008 - 08/16/08 03:07 AM
By The Numbers
Inventory (supply) down: For the fifth straight month, total inventory has dropped. We are still in the 50,000s and although this is still high, the trend is down.
Sales (demand) up:  Closed sales for June are above 6,000 and are double what they were per month during the slump in 2007.
Forecast: Pending sales for August are still around 7,000, so it is safe to conclude that the downward trend will continue.
The absorption rate (time to clear out the current inventory) has dropped to 9 months from over 20 months in 2007. 
The last time we saw … (0 comments)

recovery: Market Recovery: Are You Ready? - 02/14/08 01:17 PM
Market Recovery:  Are You Ready?
After months of doom and gloom, industry-wide panic, and talk of recession, we sure could go for some good news!  In one of my recent blogs, I suggested that the market may have bottomed out in October.  Housing inventory has not increased since then, and at the end of January, although closed sales were at a 5-year low (partially attributable to the usual holiday slump), the pending contracts to close in February had jumped by 25%.
 
What do these numbers indicate?  They further suggest that we are currently at the bottom of a very shallow trough, … (3 comments)

recovery: Arizona Housing Market Outlook... Not So Dour? - 12/10/07 01:31 PM
There is a silver lining to the "dour" Arizona housing market and economic outlook reported yesterday by the AZ Republic.
I have to put my two cents' worth into the discussion on the Housing Market after a misleading headline appeared on the front page of the AZ Republic 12/6/07.
The headline reads: "Housing market hit harder than analysts predicted".
Last week I attended a seminar given by one of the economists quoted -- Elliot Pollack. I'm sure he wasn't thrilled that his 120-screen powerpoint presentation was boiled down to the following quote: "There is no quick fix.  We have a long way … (3 comments)

 

Patrick Walsh, Realtor, CNE, Green - Tempe Arizona Real Estate

Tempe, AZ

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Keller Williams Arizona Realty

Address: 3920 S Rural Rd Ste 100, Tempe, AZ, 85282

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