This week I received from a client via email an article that appeared in Monday’s Phoenix Business Journal entitled Zillow: Phoenix home prices decline, 68 percent underwater, and was asked “what’s your take on this?” My take on this: It’s an … Continue reading →
It’s all about supply and demand. At one point a couple of years ago the MLS (Mulitple Listing Service) we utilize for Phoenix and surrounding areas showed active listing inventory in the range of 50,000 properties. This number gyrates a … Continue reading →
According to a survey taken by telephone of 1000 American’s, although 41% say their homes have lost value, 18% say they are “under water” on their mortgages, and 96% are confident they can keep making their mortgage payment. In A … Continue reading →
The Case-Shiller housing index published 2/22/11 shows that Phoenix pricing dropped 1.7% in December as compared to one year earlier, and is down a total of 8.3% year over year. In WSJ’s Home Prices Slide Despite Recovery we’re told that … Continue reading →
The latest Case-Shiller housing index, published 1/26/11, shows Phoenix median pricing was down 1.1% this past November as compared to the previous month, and down 6.4% from November, 2009. In his 1/26/2011 housing update, Karl Guntermann(of ASU’s WP Carey … Continue reading →