INTRODUCTION Turn on the television or scroll through Facebook, and chances are you’ll see at least one advertisement for a group or “guru” who promises to teach you how to “get rich quick” through real estate investing. The truth is, much of what they’re selling are high-risk tactics that aren’t a good fit for the average investor. However, there is … [Read more...] about Why Real Estate Investing Makes (Dollars and) Sense
Here is a quick recap of the Phoenix 2014 Home Real Estate Update. Since December of 2013 when the number of listings started to increase & the demand fell off, median sold prices have climbed from $185,000 to $197,00 (see chart below). In addition to pricing, the number of new listings and total Active homes available to sell has started to decrease … [Read more...] about Phoenix 2014 Home Real Estate Update
This is not your typical "Just Listed" notice. I just got a call from HGTV "Flip or Flop" show inquiring about this fixer upper. They wanted to find out if there was anything "major" wrong with the home. With the caveat I was not a professional home inspector I told them I wasn't aware of anything. Sure it needs paint, landscape work and maybe other minor … [Read more...] about HGTV “Flip or Flop” show inquiring about this fixer upper
Phoenix Mid-Month Home Update Here is a quick recap of the Phoenix Mid-Month Home Update and what has taken place in the housing market over the last year. Since August of 2013 when there was a shortage of homes available & the demand was high, prices have climbed significantly (see chart below). This forced large numbers of investors to start shifting … [Read more...] about Phoenix Mid-Month Home Update
The last several months have been filled with very positive local economic news. Major commercial expansion and related jobs have been announced all over the valley especially in Chandler and north Phoenix. The Mayor of Chandler's State of the City address was extremely optimistic (even before the GM announcement of 1000 jobs at a new IT location). The … [Read more...] about Positive Economic News Help Home Markets in Phoenix & Chandler
Over the last several months, buyers and sellers have had the uncertainty of the election, fiscal cliff and other economic situations but the Phoenix real estate market has continued to move “onward & upward”. Prices have increased, the supply of homes has had a minor increased and the mix of buyers and sellers has started to equalize a little. The … [Read more...] about Phoenix 2012 Strong Housing Finish
Quote- “It’s easy to sit up and take notice. What is difficult is getting up and taking action.” Al Batt, Writer & Speaker In general, over the last several months in the Phoenix home market, prices have increased, the supply of homes has increased and the mix of buyers and sellers has started to equalize a little. The sub-markets of Chandler, … [Read more...] about Entering a Normal Real Estate Market?
Since the severe real estate downturn in Chandler, Gilbert, Maricopa, Mesa, Queen Creek and San Tan Valley, AZ short sales and foreclosed homes themselves have been part of the cause of the price decline. Even though Phoenix area short sales and foreclosed homes have decreased significantly in the last year from 67% to 42% of the homes for sale, it can … [Read more...] about Handling Short Sale & Foreclosed Home Eyesore