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June 2011 Phoenix, Maricopa County Statistics Say “It’s A Seller’s Market”

Jul 13

filed under: Buying A Home, Market Conditions, Real Estate

What took place in the Phoenix, Maricopa County real estate market for the month of June deserves a Wow! moment. Active listings dropped 2,320 units over the beginning of last month. As of the 6th of July we are now down to 28,887 listings including single family homes and condos. Sales as of the 6th of July were up to 10,512, that’s up 739 units from the month Read the rest of this entry »

Written by Howard Harris

Can I Find Out What The Highest Offer Is If There Are Multiple Offers?

Jul 06

filed under: 2nd Home Buyers, Buying A Home, Market Conditions, Real Estate

If you are shocked that I am putting this question forward in the first place, don’t be. At the present time, even in this “down market” multiple offers are occurring on properties for sale throughout the Phoenix area, including Fountain Hills. Why, because inventory is low low low, prices are low, and interest rates are low. A real estate “perfect storm” of sorts. Read the rest of this entry »

Written by Howard Harris

Stop Already With The Foreclosures In The Pipeline Threats. . .Bring em On!

Jun 17

filed under: Buying A Home, Foreclosures & Short Sales, Market Conditions, Real Estate

Geez, all I keep reading about is the millions of foreclosures in the pipeline. Well bring em on. . . we need some inventory! Multiple offers are back, buyers are struggling to get a property, placing bids over asking price. Sound familiar? Well its all true, I can’t speak for other markets but I know its going on all over Arizona.¬† So for crying out loud lets get some of those foreclosures out of that “shadow inventory” pipeline we Read the rest of this entry »

Written by Howard Harris

With All The Negative Housing Reports Everybody Should Just RENT . . .Right?

Jun 06

filed under: Buying A Home, Market Conditions, Real Estate

So here are the current scary words . . . double dip, new cycle low, prices slipped, and shadow inventory are just a few.¬† Then there’s Case-Shiller, Realty Trac and a host of other housing experts and analysts¬† that put out their “the housing market is screwed” reports. To top it off the media eats up these reports and blasts them all over the radio or the evening news because God forbid Read the rest of this entry »

Written by Howard Harris

Fountain Hills Housing Supply Is Dwindling . . . Really It Is

May 04

filed under: Buying A Home, Living In Fountain Hills, Market Conditions, Real Estate

Inventory lowTomorrow I am closing on a single family home for one of my buyers here in Fountain Hills. It really was not an easy peasy process to find them a property in their price range. The first house we looked at was a lender owned property that got an accepted offer on the same day we were ready to submit our offer. The next property we submitted an offer on was Read the rest of this entry »

Written by Howard Harris