maricopa county: Maricopa County - amazing December stats - 02/06/09 07:28 AM
you want to know whats going on (this includes Scottsdale, Phoenix, Paradise Valley, Glendale, Tempe, Fountain Hills, Mesa, Chandler, Gilbert, Peoria, Anthem, Surprise, and a bunch of other cities you have never heard of
 
During the just the month of December 2008
 
4912 homes were sold
3452 more homes were pending (or in contract for a sale)
25% of all home sold were under $99,000?
66 homes sold for over $1 million dollars (this is so low it is unbelievable)
47323 homes were listed for sale in the MLS Average days on market for active listings is 165 days
(1 comments)

maricopa county: Flood Insurance required in Phoenix AZ - 10/22/08 12:25 PM
In many area of the country and in parts of Arizona water damage from floods are a serious issue. 
In fact, flooding is the leading natural disaster in the U.S., reports the Federal Emergency Management Administration. Flood losses averaged $2.4 billion a year the past decade.
However, in Maricopa County which includes the dry towns of Paradise Valley, Scottsdale, Fountain Hills, Peoria, Tempe and Phoenix, why do lenders ask,
" Are you  insured against floods ??
Further, if you are in a designated flood zone lenders mandate you have flood insurance.  Yes, mandated flood insurance here in the Valley of the Sun.
(17 comments)

maricopa county: Phoenix Housing Report offers optimism for buyers and sellers - 10/16/08 12:50 PM
A recent real estate report by Grubb & Ellis report has some good information for Phoenix area real estate buyers and sellers.
While there has been some progress, we are not yet past the bottom.
Some of the good news:
Home resales in Maricopa County have been steadily increasing since the first of the year MLS listings have been falling for the past three months, in spite of a glut of foreclosures New home prices in Maricopa County are back to ‘normal' Phoenix has affordable housing again Lots of buyers from California are still moving to Arizona Incomes continue to … (4 comments)

maricopa county: 5 Important Home Buying Rules to live by - 10/07/08 03:37 AM
Home ownership can be a personally and professionally rewarding endeavor where most Americans can raise a family, call a house a home and create wealth.
However, often  real estate professionals, mortgage brokers,  friends and family will tell you things like
 Don't wait, buy now.  renting is a waste of money. Taking on debt is always o.k. real estate prices are going up you don't need a down payment Now,  these advisers likely have your best interest in mind. However, they do not know your personal situation.
I am a big believer that home-ownership can be a great thing. However,
Here are … (14 comments)

maricopa county: Can you afford that House ? - consult the HTA Index - 09/26/08 04:57 AM
The Housing and Transportation Affordability Index (HTA index) developed by the Center for Transit Oriented Development Index is "an innovative too that measures the affordability of Housing".
Unlike the traditional and simplified measurement which takes a mortgage as a percentage of income, the HTA Index "takes into account not just the cost of housing but the intrinsic value of place as quantified through transportation cost".
Transportation cost is defined as auto ownership, commute, number of cars per household, availability of mass transit and other data. and use. For a more (detailed description of the methodology used to develop the HTA Index … (6 comments)

maricopa county: Price you Paid for your home is everyone's Business?? - 08/29/08 03:12 AM
There has been a significant and fundamental change in the display and public recording keeping of home ownership here in Maricopa County (Phoenix|Scottsdale and surrounding townships of Mesa, Gilbert, Tempe) Arizona.
should the public know the purchase price & sale price of your home ??
Previously, on the tax records, anybody, could go to the public records and type in the last name of a friend, family member, business associate.
The search would return records of not only every home or every Real Estate purchase ever purchased in Maricopa County under that name, but also the purchase price or sale price, down … (10 comments)

maricopa county: Should the Public know the sales price of your home - 07/03/08 04:09 AM
There has been a significant and fundamental change in the display and public recording keeping of home ownership here in Maricopa County (Phoenix|Scottsdale and surrounding townships of Mesa, Gilbert, Tempe) Arizona.
Preciously, on the tax records, anybody, could go to the public records and type in the last name of a friend, family member, business associate.
The search would return records of not only every home or every Real Estate purchase ever purchased in Maricopa County under that name, but also the purchase price or sale price, down payment and loan amount (or cash purchase).
Now, if you search the … (2 comments)

maricopa county: Lease Option -- may help sell your home - 07/02/08 06:09 AM
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 … (2 comments)

maricopa county: Chicken Soup for the Phoenix, Arizona Real Estate Soul - 06/19/08 04:18 PM
Despite the news, which generally, considers the Real Estate market Dead! beyond resuscitation.
I would contend that it is ailing, a little sick if you will.
What it needs is some Chicken Soup!
Where can we find a recipe , some tips, that will improve the housing market health in Greater Phoenix and Maricopa County.
Here are some ingredients.
Remember why you buy a home first - place to live and raise your family, place to live and raise your family, place to live and raise your family Lower interest rates - lower interest rates seem to be inevitable and should … (4 comments)

maricopa county: Tempe's Arizona St. University Business School ranked # 22 - 06/11/08 08:49 AM
According to the US News and World Reports annual report and rankings of the best college graduate schools in the country Best Graduate Schools the town of Tempe - Arizona State University WP Carey School of Business was ranked # 22 in the US, 8th in the US amongst public schools and only 1 of 5 in the West that made the list.
Why is this important, ... better schools attract better students, better professors, better business research, more money, better companies have a selection of a better pool of candidates, better companies will remain in ,and some will relocate offices … (0 comments)

maricopa county: Paradise Valley Homes Sold - $14,000,000 , $8,200,000 and $4,100,000 - all in 1 week - 06/04/08 10:40 AM
Yes, you are reading correctly. this past march , March, according to John McClean who researched this from the public tax records in Maricopa County , (which includes, phoenix, Scottsdale, Glendale, Tempe, Peoria, Fountain Hills and Paradise Valley)
in fact, throw in a couple of ‘smaller’ home sales for $3,900,000 and another $3,800,000 and you have a total of $34,000,000 (that’s 34 Million) in just 6 homes alone.
Let’s face it, Phoenix, and its surrounding cities like Tempe, Fountain Hills and Scottsdale, Arizona is still a wonderful place to live.
Home values are cheap (when compared to many other resort destinations) … (0 comments)

 

James Wexler

Scottsdale, AZ

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Address: Scottsdale, az, 85255

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


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