The Monaghan Group
Some thoughts on Arizona real estate from one agents perspective
ARCHIVED BLOG POSTS
2008
Market Snapshot as of 5/31/2008 (from ARMLS) Active listings in ARMLS 53, 620 (54,244 last week) Active with contingency 1,431 (1,477 last week) Pending sales 6,909 (7,446 last week) Sales ...
05/31/2008
4
Comments
WE have been working for the past week on getting a deal closed that has been in escrow for the past 6 weeks and we have been working on it for over 2 months. I have heard everything, documents have been in line since last Friday, every day a new reason / excuse. The lender was MIA, didn't answer...
05/29/2008
As we all celebrate memorial day, take a moment to think about what it is all about. I would like to thank all our military past and present you all for your service to our country, for all your sacrifices and the sacrifices of your families. I know that my family and I support all you do to kee...
05/26/2008
3
Comments
In my opinion this is one of the craziest ideas i have heard in a long time, the bill would force the foreclosing lender to rent the home back to the former owner at current market rent rates which may or may not be lower than they are currently paying on their mortgage. This is wrong on so many ...
05/25/2008
Prices are back at 2003 levels in most areas of Phoenix, This is especially so in areas like Buckeye, Surprise, El Mirage, Goodyear, Avondale Queen Creek and Maricopa. You can't pick a exact bottom in the market, if you are ready to buy do so, we need a place to live. Mortgage rate's are still at...
05/25/2008
Price.Price your house at what the market is buying, the buyer does not care what you think its worth, the market will decide. Condition.Make your home the best conditions home in the area, hire a stager, landscape, painter and keep it in show ready condition, deodorize - you may not smell fluffy...
05/25/2008
In Arizona you do not need to be Licensed to be a loan originator, anybody can hang up a shingle an say I can do loans, this has led to challenges with unscrupulous individuals taking advantage of unknowing borrowers. The Arizona state of Representatives has passed a bill requiring just that but ...
05/25/2008
3
Comments
I list REO properties for a number of banks in the Phoenix Metro area, Many times i receive offers on properties that are somewhat bellow asking price ;-) , invariably there is some correlation between how low the offer was and the aggressiveness of the buyers agent looking for a answer, the lo...
05/21/2008
Armls ASU Report DifTotalference March-07 5990 5385 605 April-07 5535 4855 680 May-07 5795 5220 575 June-07 5438 4910 528 July-07 4730 4330 400 August-07 4358 4240 118 September-07 3435 3050 385 October-07 3457 3610 -153 November-07 3318 3280 38 December-07 3420 3290 130 January-08 2912 335...
05/20/2008
The Housing Crisis Is Over By CYRIL MOULLE-BERTEAUXMay 6, 2008; Page A23 The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the h...
05/19/2008
Rainmaker
417,440
417,440
Andrew Monaghan
CRS, GRI, EPro Associate Broker
