market update: Market Update for the Week of July 29, 2013 - 07/29/13 01:09 PM
QUOTE OF THE WEEK... "If you don't understand the details of your business, you are going to fail." --Jeff Bezos, founder and CEO of Amazon.com
INFO THAT HITS US WHERE WE LIVE... It was certainly important to understand the details of last week's Existing Home Sales report. The headline numbers showed June Existing Home Sales were down a disappointing 1.2%, to a 5.08 million annual rate. But other details were encouraging. Existing Home Sales are up 15.2% over a year ago. The median price of an existing home rose and is now up 13.5% from a year ago. Sales are … (1 comments)

market update: Market Update for Phoenix - 06/27/13 01:05 AM
INFO THAT HITS US WHERE WE LIVE... There appears to be plenty of real estate people who believe they can succeed, as last week saw more housing numbers go through the roof. Existing Home Sales were up 4.2% in May to a 5.18 million unit annual rate, up 12.9% over a year ago. The median price climbed to $208,000, up 15.4% over a  year ago, while average prices are up 11.2% over last year. The months' supply dipped to 5.1, all due to the faster sales pace, as inventories were up 7,000, increasing four months in a row. And the median time … (0 comments)