Not sure where this originated. It was sent to me via email. I believe, with the US dollar down, other currency up this is a good omen. Listings are down, investors are investing in the U.S. This is good news. Maybe a faster recovery. What say you?
In a large, sun splashed, desert basin surrounded by mountains, mix together the following ingredients, Arizona is:
#1 in Nation in job creation
#1 in Nation in Population Growth
Some of the most affordable housing in the SW Sun Belt
Billions in Commercial Development investment
Next, remove 2 cups of Builder specs. The new year should remove some of this.
Then, fold in...
1 cup foreign investments with strong currencies
1 cup each Midwesterners and East Coasters fleeing the winter blahs
(we are still in shorts).
2 cups Californians fleeing recurring natural disasters
A sprinkling of Snowbirds
Bake under sunny Arizona skies for 6 months with interest rates set on low.
Top with Upcoming National Event Hype Frosting.
Combine equal parts...
NASCAR craziness
Fiesta Bowl partying
Barrett-Jackson buzz
FBR Open wackiness
Super Bowl Hype (double this ingredient if you have a taste for it)
Spring Training promotion
Stir together, cover the cake and enjoy the results!
The comparison of current active listing change is based on the previous week's inventory. Supply numbers are based on the number of closings in the previous month, divided in to the total number of active listings. This data is for Single Family Detached homes only and does not include patio homes, condos, or town homes.
Entire MLS (Maricopa and Northern Pinal county), listing inventories down 1% from last week. Total of 47267 active listings. Based on current rate of closings, about a 16 3/4 month supply.
Central Phoenix=; Listing inventories are down 1% from last week. Total of 6708 active listings. About a 19 1/4 month supply.
West Valley; Listing inventories are down 1% from last week. Total of 15694 active listings. About an 17 3/4 month supply.
NE Valley; Listing inventories are unchanged from last week. Total of 7227 active listings. About a 16 3/4 month supply.
SE Valley; Listing inventories are down 2% from last week. Total of 12231 active listings. About a 13 3/4 month supply.
Scottsdale over $1m. Listings inventories are up 2% from last week.
Total of 1434 active listings. About a 27 month supply.
Scottsdale under $1m. Listing inventories are unchanged from last week. Total of 2456 active listings. About a 13 1/2 month supply.
Paradise Valley. Listing inventories are down 2% from last week. Total of 329 active listings. About a 27 1/2 month supply.
I know you don't know most of these areas, the fact that inventories are going down, investors with stronger currencies are looking to invest is a good thing. What is going on in your area? __________________
Simply Vegas Real Estate - Las Vegas, NV
REALTOR®, Broker, Salesperson, NV. Lic BS.507
Cindy, Great recipe! Sounds like things are heading in the right direction there.
Nov 09, 2007 05:15 PM
Award Realty - Surprise, AZ
Smooth Saling with Cindy Saling
Roberta,
We are beginning to see more buyers looking & buying. Sellers are becoming more realistic, those who have to sell are looking at all offers more seriously. Sellers who really don't need to sell are taking the homes off the market.
How is everything going for you? Are you ready for the holidays?
Nov 09, 2007 11:50 PM
Rainer
17,583
17,583
Cindy Saling
Smooth Saling with Cindy Saling
Service Areas
Real Estate Resources
Recent Posts
_uacct = "UA-2884222-1"; urchinTracker();
Comments(2)