focus on the energy crisis, BEFORE it becomes a 'Crisis' - 01/31/09 11:48 AM
Yes, gas prices have dropped by a tremendous amount. From high prices of more than $5/gallon in some parts our our country to lower than $1.50/gallon. Even today, prices are still well below $2/gallon.
BUT, they are creaping up and I would like some attention to the energy crisis before it becomes a "Crisis"!
my best ideas for cheaper gas.
The extra disposable income can go towards economic consumption which helps the economy, creates, jobs, ideas, innovation, more revenue for the government, more social programs and ultimately more wealth for all.
1. Gas Tax Cut - a Gas Tax cut would … (3 comments)

Phoenix AZ short sale solution center - 01/30/09 09:29 AM
Phoenix real estate is selling, despite what you may have heard.
However, the majority of sales in Scottsdale are short sales, bank owned real estate (REO) or lender owned homes in Phoenix, Fountain Hills, Peoria, Mesa and the other towns that make up Maricopa County,Arizona.
Phoenix Short Sale Solution Center Short sales in Phoenix and bank owned homes and foreclosures are presenting great real estate opportunities for savvy home buyers.
If foreclosure is not an option for you, they can help facilitate short sale transactions for Phoenix real estate.
What is a short sale?
A short sale means the lender is … (4 comments)

Facing Foreclosure?? - don't fear, you do have options!! - 01/29/09 06:12 PM
Today, it is estimated that between 2 and 3 million Americans may face foreclosure.
If you are one of the many, you should…
Know your Options for Homeowners facing foreclosure:
Know your Options if you are facing foreclosure :
In Phoenix | Scottsdale and all of Arizona, we use Deeds of trust, not mortgages, which change some of your options you may have in other states. First and most importantly, …
1) Contact your lender to work out possibilities such as short-sales, loan re-structure or deed-in-lieu of foreclosure. Many lenders will work with you to try to minimize losses for everyone … (3 comments)

Dear Sheriff Arpaio - stop evicting Phoenix AZ tenants - 01/29/09 10:23 AM
I want this Phoenix AZ real estate blog article to serve as an open letter to our Maricopa County (Phoenix AZ) Sheriff Joe Arpaio to do the same for those renters who have paid on-time to the landlords who pocketed the monthly rent money and did not forward to the banks / lenders.
Please consider allowing these tenants to stay in the home with an rents going to the lenders for a statutory period of time. A minimum of 30 days from the foreclosure sale to allow the tenants to find a new home to live, pack and move.
I am … (4 comments)

Welcome to the SuperBowl !! Go Cardinals!! - 01/28/09 09:46 PM
Ok, Ok, it is still days (3 days, 21 hours, 48 minutes) away and yes, this wordless Wednesday would be much more appropriate for a Wordless Sunday. However, I plan to have my cell phone off, and computer off for the day, so this was my last opportunity to share the excitement we Arizonians (or is it Arizonans?) , anyway, I digress, I cannot tell you how exciting this has been for the city and the people.
Everyone, from co-workers, to the bank teller to the check-out bagger at the local store is talking about the 'big game', .... asking , … (3 comments)

1 Great Builder, 2 Great prices in Peoria AZ - 01/28/09 09:49 AM
Camelot Homes , the #1 ranked Arizona small volume builder (by Ranking Arizona) is in demand new home builder based in Scottsdale is one of the most respected luxury home builders in Arizona.
Camelot Homes is offering 2 beautiful homes in Sonoran Mountain Ranch in Peoria, AZ that are well worth taking a look.
Sonoran Mountain Ranch is located in the Northwest (of Phoenix) Valley at 67th Avenue just north of Jomax Road. and is a spectacular gate guarded hillside community with luxury homes and majestic mountain views.
If you are looking to live in the Northwest Valley, go take a … (3 comments)

A hedge against inflation is the most important reason to own a home - 01/27/09 04:18 PM
A hedge against inflation is arguably the most important reason to own a home in Phoenix.
Simply, put if you buy real estate in Scottsdale and you monthly mortgage payment on a 30-year fixed rate mortgage is , for example, $2,000/month, that payment is fixed for 30 years and never increases. It actually will go down.
As inflation goes up (which it always does) and rents in your area and home prices rise, your monthly payment never changes for 30 years.
You know that the amount you pay on your Scottsdale or Phoenix area home per month is fixed in time … (7 comments)

Fountain Hills AZ - something for everyone (and their friends :) - 01/27/09 10:00 AM
The real estate developer, MCO Properties and MCO Realty, has designed 3 luxury home communities in Fountain Hills, AZ offering a variety of real estate and homes for sale.
 
* Eagles Nest - a gated community with unrivaled mountain vistas of Four Peaks, Superstitions Mountains, and the Goldfields stretching out before you, Eagles Nest offers 244 home sites, 40 miles of walking, hiking and horse trails, all only minutes from Scottsdale, Fountain Hills and Phoenix.
* SunRidge Canyon - is a golf community in Fountain Hills, AZ with 541 production homes, 286 custom home sites, an 18-hole championship golf course … (3 comments)

Just say "No" to Phoenix AZ real estate transfer taxes - 01/26/09 06:09 PM
Today, There are no property taxes on the sale of Phoenix AZ real estate and the towns that make up Maricopa County like Scottsdale, Mesa, Tempe and Peoria AZ.
However, the government could, in theory, vote to charge a such a tax.Protect your Phoenix AZ Home from Transfer Taxes -
I encourage you to support petitions or any proposed legislation that  would ‘prohibits the government from charging any new tax on the sale or transfer of real property in Arizona“
As a result of a slow Phoenix AZ real estate market, this is not the time to have an open policy … (4 comments)

Is the unexpected rise in home "SALES" good news?? - 01/26/09 09:55 AM
 
Earlier today, the National Association of Realtors (NAR) announced , ....

December Existing Home Sales Rise Unexpectedly-  The NAR says sales of existing homes rose 6.5 percent from November to December, closing out the worst year for the U.S. real estate market in more than a decade.
The National Association of Realtors said Monday that sales of existing homes rose to an annual rate of 4.74 million in December, from a downwardly revised pace of 4.45 million in November.
 
The question I ask , "Is this Good News"
I , personally, am quite concerned. I know, I know, … (7 comments)

A speechless (non-football) Sunday - 01/25/09 10:13 AM
This is the first Sunday in many months , actually since the last Sunday in July (yes that July from last summer 2008) that there is no football.
If you are a  football fan, you may not know what to do.
If you are Not a football fan, you have your 'significant other' back for today.
Enjoy the SuperBowl photo tantalizing us for next weeks Super Bowl of my bleoved AZ Cardinals and the tough Pittsburgh Steelers as a joyous reminder of the NFL season and enjoy the rest of the weekend and today a non-football sunday) with your friends and … (6 comments)

determine if home buying is right for you - 01/24/09 04:39 PM
After you call a Wexzilla realtor (ok, I couldn’t help shameless self-promotion) ,
follow this step-by-step home buying checklist.
Answer these Questions to determine if home buying is right for you.
1.Will you be in your current job for at least 3-5 years?
2.Do you see any major family changes children are a large expense and selling a home through a divorce or separation is not an ideal scenario for best results.
3.Will a new mortgage test your financial limits? - there is no reason to work so hard to barely pay a mortgage on a home you cannot enjoy.
… (5 comments)

Banks freezing HELOC’s - legal or illegal? - 01/24/09 08:58 AM
There are about 60,000 homes for sale in the towns that make-up Maricopa County including Scottsdale, Fountain Hills, Mesa, Gilbert, Chandler and Peoria. Clearly, many Phoenix, AZ real estate owners are trying to sell their homes.
Yesterday, I received a telephone call from a reporter from a major national newspaper who is writing a story about the average American homeowner and their struggles. The focus of this story was the use of Home Equity lines by home owners and how they are cutting home equity lines or, in fact, banks are freezing home equity lines of credit in Phoenix.freezing home equity … (5 comments)

TGIF - or kind of - 01/23/09 12:47 PM
Normally, I would say, TGIF (Thank God it's Firday!!!  ) .
However, if you read the news, and I do, despite, repeated attempts to give it up. I just cant quit!!
there seems to be more and moer negative news piling up. Our new President, has had a tough first few days on the job and has his work cut out for him.
 
Wall Street extends slide on economic worries
… (4 comments)

Unethical Cash-offers - 01/23/09 09:45 AM
 
Eager buyers, sensing a great deal, are fearful of losing out on their offer, so to make it more attractive to the buyer, they make it a cash-offer. When, in fact, they have no intention , or ability, to close in cash.
Is this illegal? No! Unethical? Maybe. Nonetheless, it is happening.
Here’s what to do to protect yourself if you are selling your home and want to make sure a cash-offers is legitimate.
1. Ask for proof of funds - Although, a buyer may very well have the funds available with no intent to use them to close, it … (2 comments)

Phoenix AZ New Home Builder Nightmare - 01/22/09 09:08 AM
Phoenix AZ new home builders are the largest holders of real estate in Scottsdale, Fountain Hills, Peoria, Mesa, Tempe, Glendale and Peoria.
Phoenix AZ new home builders are also one of the largest employers of real estate agents and facilitate a large amount of money to outside real estate agents, mortgage brokers, appraisers, contractors, suppliers and blue collar labor force.
The success of new home builders is critical to the recovery of the Phoenix AZ real estate market and the economy.
The NAHB (National Association of Home Builders) which is a great organization for the Phoenix AZ real estate market and … (3 comments)

Phoenix az real estate is stronger than media would have you believe - 01/21/09 06:06 PM
As a Phoenix real estate agent, it is my job to share accurate information to home buyers and sellers.
Unfortunately, I cannot control the Phoenix real estate market, I can only provide the most detailed information to my clients and together make an informed decision.
Understandably, people are nervous about the Phoenix real estate market. I would venture to say, a bit frightened if they read the newspapers and watch local television.
However, I want not only may the doomsday media be wrong about the direction of the economy and real estate market, things are definitely not as bad as the … (4 comments)

Wordless Wednesday - Barak Obama - 01/21/09 11:33 AM
I guess if we had Wordless Tuesday's this would have been a more common photo as yesterday, we say the Inaugaration of our 44th President.
Admittedly, I voted for John McCain (I am from Arizona after all) . However, I now wish I voted for Barak Obama. Though, I guess my vote would not have mattered.
During these tough times, our current President, on his first day of work (today) has filled me , and I thin us all with a renewed sense of hope and optimism for a much need change in America.
Congratulations to Barak Obama and all Americans on … (4 comments)

Stop Foreclosure with Loss Mitigation Programs - 01/20/09 03:55 PM
 
Loss mitigation programs were established by the federal government and the mortgage industry in order to stop home foreclosures.
They help foreclosure victims in default on their mortgages to find alternatives to home foreclosure. 
 a variety of loss mitigation options include:
1. Loan Workout -  A loan workout is a broad term used in the loss mitigation arena. It is used when you negotiate with your lender any kind of plan that will benefit both you and the lender when you are delinquent or in default.
2. Loan Modification - This term is used when your lender modifies your current … (4 comments)

Buyer Frenzy in Scottsdale AZ - 01/20/09 09:13 AM
 
There is (only) one bright sides to dropping Phoenix real estate prices. Value, affordability and great real estate deals. Wait, that's 3. Oh well.
Yesterday, the Case - Shiller home price index of 20 major U.S. cities released a report that showed Phoenix real estate home prices dropped a record in July from the previous July 2007.  
Las Vegas and Phoenix , - remained the weakest cities, falling nearly 30% in the past year.
As a result of these major price declines for Phoenix, Peoria, Glendale, Fountain Hills and even Scottsdale real estate, home buyers are stepping off the … (3 comments)

How Sellers can help Buyers purchase homes - 01/19/09 01:17 PM
one of the challenges facing real estate buyers , and thus, home sellers , is the difficulty for home buyer's to obtain loans. We are suffering in many of the towns of Maricopa County, North Phoenix, Peoria, and Glendale where we have been designated a ‘declining area" ; thus  tightening credit further in most of Arizona.
Across the country, lenders have significantly tightened credit and lending standards, making it a challenge for even the most credit worthy buyers to obtain financing.
The biggest space in the mortgage market is the lack of, or virtual disappearance, of 100% Financing.
100% financing or … (4 comments)

Go CARDINALS! - 01/18/09 09:52 AM
I am not a betting man. Or should I say, I WAS a betting man. That is why I am no longer a betting man.
However, I have some friendly wagers with some fans from the great state of Pennsylvania which is the home of the 'other team' that shall remain nameless (Harry Potter reference) who play my Arizona Cardinals today for the chance to compete in the Superbowl.
At 1pm Arizona time (not sure why most people use eastern time) , our beloved city of Phoenix (Glendale to be exaxct) host its first ever NFC Championship game.
The city … (4 comments)

Protect your Lease-Option money from unscrupulous Landlords - 01/17/09 10:51 AM
There are a lot of Phoenix real estate investors who are renting homes to would-be buyers. Due to the decline in AZ real estate prices and adjustable rate mortgages, many AZ real estate investors and landlords are having trouble paying the mortgage and losing their homes to foreclosure.
Yesterday, I received a phone call from a Phoenix real estate buyer who had read my blog about lease options and wanted some advice.
To preface the story, it seems that this nice woman had entered into  a lease option to buy Phoenix real estate.
She had been paying $2,000 in monthly rent … (6 comments)

To Real Estate or Not to Real Estate - 01/16/09 09:26 AM
This slight variation of Shakespeare's famous line from Hamlet is the question I am hearing from as they buyers ponder and weigh-in on when it comes to that big decision to purchase real estate.
Here are 4 things to consider whether now is the right time for you to buy a home here in Greater Phoenix , Fountain Hills or Scottsdale....
1) A Home first, and investment last - a primary residence is just that, a residence, it is a place to live, to realize the American dream, to enjoy, to raise a family, it can create long-term wealth, however that … (1 comments)

Loan Mod - the new 'short sale' for 2009 - 01/15/09 07:39 PM
Loan Mod  may be replacing Short Sale  which replaced ‘Sub-prime' as the word of the year for 2009

The good:
salvage credit (potentially) and possibly avoid bankruptcy, .... Lender avoids a potentially larger loss and does not have to take ownership in their (REO) eal Estate Owned inventory The bad:
Banks do not get to collect insurance from the PMI (private mortgage insurance) companies Here's what is required to get a Loan Modification approved by a bank. (a cursory explanation)
Call the lender and speak with a loss mitigation specialist provide a written ‘hardship' letter   Bank Statements, tax returns, 1099, etc to prove hardship  
… (0 comments)

Phoenix AZ Short Sales - a Huge Opportunity - 01/15/09 10:31 AM
During the Phoenix AZ real estate boom, Maricopa County saw a massive amount of development by new home builders in the towns of Peoria, Glendale, Mesa, Gilbert and Tempe. Many parts of north Phoenix , like Desert Ridge (Aviano) also saw home communities virtually pop-up overnight.
As a result of over-development, there are a large supply of homes on the market offering fantastic home buying opportunities that Phoenix real estate buyers or a Scottsdale real estate investors may never see again in our lifetime. I know that is a bold statement.
However, this is the first time Phoenix real estate buyers … (9 comments)

Chandler AZ - Condo / Town Home Deals - 01/14/09 04:55 PM
Phoenix AZ, which is in the geographically large Maricopa County which includes many towns including Scottsdale, North Scottsdale, Paradise Valley, Fountain Hills, Mesa, Chandler, Gilbert, Tempe and several others.
There are many  wonderful choices to live that are golf communities, waterfront property (yes, waterfront views), magnificent mountain views, and sparkling city lights.
One town that is a great place to live and call home and has some fantastic real estate deals is Chandler AZ.
Chandler AZ is located in the east valley with Arizona State University, Arizona Mills Outlet Mall, the Phoenix ZOO, fantastic schools and shopping and restaurants for everyone … (4 comments)

Announcement to merge CBRB offices - 01/14/09 12:34 PM

announcement to move Troon in to your branch in the coming weeks.
 
They expressed to me your caring support for the Troon agents and your desire to make this a good experience for them.
I want to thank you for this.
I also want to assure you that your office is on solid footing with us and that is why Troon is merging in to your location and not vice versa.
As I look around the office landscape it is no surprise to me that our most successful branches in Arizona are, almost without exception, those where we … (3 comments)

play the Who really is to blame? game! - 01/13/09 06:55 PM
Phoenix AZ real estate has declined sharply. Wall Street is in turmoil. The economy is in a recession. Many Americans are struggling to keep their jobs, 401K's and homes and get on with these tough times.
Foreclosures in towns like Scottsdale, Fountain Hills, Peoria, Mesa and Tempe have made real estate recovery difficult.
Agreeably, their is blame to go around.
Borrowers -  buyers must take some responsibility before they are quick to point blame. Lenders - Greed by lenders to get paid a commission with disregard of borrowers ability to pay for the mortgage. Banks - Lack of over sight by … (5 comments)

5 MORE things to do in Phoenix AZ - 01/13/09 12:04 PM
Yesterday, I wrote a blog about 5 Things to Do in and around Greater Phoenix AZ and Scottsdale AZ.  I thought, i left a few things out (not that I could include them all)
So, by popular demand,  Here are 5 MORE THINGS TO DO IN PHOENIX AZ
Heard Museum - the world-renowned museum showcases the art of southwest cultures, past and present and one of the world's largest collection of Native American art and artifacts in downtown Phoenix or North Scottsdale. Tempe Town Lake - Tempe AZ home of recreations where you can rent kayaks, paddle boats and fish or just … (3 comments)

5 Places to Go and Things to Do around Phoenix AZ - 01/12/09 05:08 PM
Early this morning, I made my coffee and took my Jack Russell Terrier, Riley, for a long walk. It is less than 7o degrees. Dare I say, a bit chilly. It is a spectacular time of year in Scottsdale.
Visitors from all over the worlds travel each year  to explore all that the Valley of the Sun and the Sonoran Desert has to see and do.Choices include hiking, biking, museums, zoos, hunting, fishing, camping, boating, old west towns, shopping, eating and golf, golf, golf and more golf.
Here are 5 Things to do in and around Phoenix AZ.
Camelback Mountain - … (5 comments)

Stop Foreclosure Evictions - the innocent victim of the housing crisis - 01/11/09 10:19 AM
Phoenix AZ real estate has declined sharply. Wall Street is in turmoil. The economy is in a recession. Many Americans are struggling to keep their jobs, 401K's and homes and get on with these tough times.
Foreclosures in towns like Scottsdale, Fountain Hills, Peoria, Mesa and Tempe have made real estate recovery difficult.
There is blame to go around. However, there is one innocent victim.
The most innocent victims are those honest and timely renters who are on-time paying tenants who are unaware that their landlord (the homeowner) has fallen into mortgage-related foreclosure only to come home to a foreclosure notice … (9 comments)

Cash-Back Deals in the Phoenix AZ Desert - 01/10/09 09:32 AM
 
In the roaring years of Phoenix AZ real estate from 2001-2005 there was a mad dash to make hay when the sun was shining to pan for your proverbial pot of gold in the Phoenix AZ real estate gold rush. (are those enough metaphors?
During an economic boom appear those who are bent on profiting illicitly. As a result of greed and some shady business people, came the infamous cash-back deal.
What is a cash-back to buyer deal? cash-back transaction scenario is where a buy pays more than a home is worth with the extra money being paid … (8 comments)

Phoenix AZ Real Estate hits a bottom - 01/09/09 11:04 AM
Yes, you heard it here first. I have discovered something more elusive than the holy grail. Yesterday, I found the bottom to the Gilbert AZ real estate market.
Phoenix AZ real estate and its neighboring cities of Tempe, Mesa, Chandler and Gilbert and Scottsdale make up the East Valley. Due to the long established family oriented roots and quality of life, these cities are some of the most in demand places to live in greater Phoenix AZ.
As a result, the real estate boom of 2001-2005, many watched home  prices soar and new home developments appear to pop-up over night. unfortunately, … (3 comments)

2 more Reasons to buy new construction homes - 01/08/09 05:23 PM
 
 2 More Reasons to Buy New Construction Homes Direct from a builder .
3) Design your Dream Home - both offers an array of modern floor plans that may include large kitchens with huge family great room, more bathrooms, with steam showers, and jetted tubs, walk-in closets, his and her sinks, Guest Entrance/Casitas, pools, spas, putting greens, fireplaces, home offices, built-in plasma TVs & wonderful use of windows for natural lighting and often spectacular views.  To make matters even more fun you can choose paint color, stonework, flooring, cabinets, landscaping and what seems to be an endless amounts of choices in … (3 comments)

2 Great Reasons to buy a new construction home direct from a builder - 01/08/09 10:53 AM
Phoenix AZ (Maricopa County) is a geographically large area that offers home buyers more choices in which to live then ever before. One of the first choices that Phoenix AZ real estate buyers needs to consider is whether or not they want to by a resale home or new home construction direct from a builder.
There are many pros and some cons to both choices. However, here are 2 Reasons to Buy a new construction home direct from a builder.
1) Pricing/Value -  most builders have a lot more room to negotiate than resale owners. The sales process is much more of a … (1 comments)

New Years Resolution to Quit the News - 01/07/09 04:05 PM
Can some one please tell me how to quite reading the news. I cannot even go check a simple stock quote without being blasted with negative , actually make that terrifying news headlines.
Check out these (and sorry, please dont shoot the messenger)
Profit Warnings, Poor Job Outlook Sink Stocks; Dow Down 250- Reuters
Bleak outlooks from Time Warner, Intel, and Alcoa combined with more evidence of rising unemployment sent stocks sharply lower Wednesday, sending major indexes down more than 2 percent.
Early warnings signaling an ugly earnings season- CNBC.com Changes needed at Fannie, Freddie- AP Satyam fraud scandal sends shares … (5 comments)

Real Estate Deals in DC Ranch - Scottsdale AZ - 01/07/09 11:02 AM
There are no shortage of wonderful golf communities to choose from when deciding to buy Scottsdale Real estate. Troon, Troon North, Desert Mountain, Grayhawk, Estancia, Desert Highlands and Ancala Golf club and DC Ranch an Silverleaf are all luxury gated Scottsdale golf communities with championship golf courses.  
DC Ranch in North Scottsdale (85255 zip code) has just celebrated its 10th Anniversary and is one of the most prestigious golf communities with the a variety of home choices from under $400K to over $4MM.
DC Ranch is separated in 4 unique villages.
Desert Parks Village Desert Camp Village Market Street Village … (1 comments)

Pending Home Sales Plummet !! Is the end in sight? - 01/06/09 04:51 PM
We recieved the news today from The National Association of Realtors saying pending home sales fell to the lowest level on record in November, as the plummeting stock market and faltering economy caused buyers to put their purchases on hold.
In Arizona, maybe blame it on the weather, Traffic have picked up for several reasons.
1) Lower home prices - yes, prices are going down, especially here in the west, and specifically, Phoenix, Scottsdale, Fountain Hills and other East Valley cities where we saw one of the biggest national drop. Inventories remain high. However, lower prices are creating buying opportunities which … (2 comments)

Phoenix AZ Sporting Events - a 12 Month Calendar - 01/06/09 08:53 AM
Phoenix AZ is known to be a great place to live and vacation primarily due to the weather. We are not called the Vally of the Sun for nothing as it rains, what seems to be, just a handful of days a year.
Phoenix AZ, Scottsdale and towns like Glendale, Peoria, Gilbert and Mesa offer outdoor activities that include hiking, biking, fishing, boating (yes, we have water), and golf, golf and more golf. 
Even though, Phoenix AZ, well Glendale AZ to be more specific hosted the Superbowl last year, Phoenix is not a destination known for its sports. And, yes, … (4 comments)

Be Careful of Cash-Offers on Scottsdale Real Estate - 01/05/09 11:38 AM

So you finally got an offer on your home. The close of escrow is in 30 days. You can put a deposit on your the home you just made an offer. In fact, when the seller tells you that your purchase cannot be contingent  on the sale of your home, you say ‘no problem', the offer is a cash-offer.
Call the movers; right? Wrong!
I don't want to take the wind out of your sails. But No, wait just moment.
There is a new, somewhat surprising, trend happening in the greater Phoenix real estate market where buyers are making cash-offers … (3 comments)

Congratulations! , you sold your Home - Now its time to Move ! - 01/04/09 10:27 AM
You did it you sold your Phoenix AZ or Scottsdale AZ home. Congratulations. Now the fun part. Moving
It's a given no one likes moving. Fun is not a word associated with moving. However, it doesnt have to be traumatic either.
Here are some tips & advice on moving process to cause as little pain as possible.
Plan Ahead
Send change of address to: Post office (give forwarding address), charge accounts and credit cards, subscriptions (change notice requires several weeks), and friends and relatives. Contact gas, electric, and telephone companies in new location to arrange for immediate service. Arrange insurance on … (5 comments)

Real Estate and Oil continue to Drop - Are food prices and consumer goods next? - 01/03/09 10:18 AM
Phoenix AZ real estate, Scottsdale Real Estate and even Paradise Valley real estate are continuing a steady decline even as the $700 Billion economic packages is starting to create liquidity in the banking system.
The problem is that the banks are not required by the legislation to lend money. Yes, you are reading correctly. They can sit on the cash, shore up their balance sheets and not lend. As a result, only the most credit worthy borrowers are able to get car loans, credit cards and mortgages. Mortgage being the most difficult as re-finances are next to impossible due to falling … (3 comments)

Real Estate Prices Continue to Drop - Is this an opportunity or big risk? - 01/02/09 10:29 AM
 
The real question is whether or not this real estate price decline presents unique opportunities for you and your family.
I know everyone hates this phrase, however, , "it depends" !
If you answer "yes" to these questions, this ‘negative' news may prove to be a positive.
Have you been considering buying a home in the past? Are you currently renting? Is the primary reason you are buying a home for just that a home, a residence in which to live? Can you afford a fixed rate mortgage payment for the home you want and need if something in your … (10 comments)

New Years Day Football Picks - 01/01/09 12:00 PM
I am not a gambler by nature. I hate losing. And, that is what I seem to do very well when it comes to gambling. However, once a year (or maybe twice) , I venture out to some friends homes on New Years Day to get together and watch the many College Football Bowl games that have become tradition in America.
We all put a few dollars in a pool and watch the game, eat, talk, and eat some more and gamble just enough to make all the games (very) interesting.
I would love some recommendations from everyone. However, for now … (4 comments)

 

James Wexler

Scottsdale, AZ

More about me…

wexzilla.com

Address: Scottsdale, az, 85255

Cell Phone: (480) 221-8080

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rants, ravings, musings and market commentary Scottsdale|Greater Phoenix Real estate


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