Phoenix Listings and Sales Stats

by Jay Thompson on March 31, 2006

Homes (includes SFH, condo/TH, mobile/mfg): Active Listings: 35,768 Active With Contingencies (AWC): 1,323 (what does AWC mean?) Pending: 8,164 Sold (March 1 - March 31): 6,742 Homes listed in calendar March 2006 and still active: 12,860 Land: Active: 8091 AWC: 86 Pending: 794 Sold (3/1 - 3/31): 480 Most expensive current listing: $19,900,000 Number of homes listed over $10,000,000 … [Read more...]

Agencies Adopt New Credit Scoring System

by Jay Thompson on March 24, 2006

Heard of a FICO score? (You should be aware of it if you're shopping for a home loan. See our ThompsonsRealty.com's FICO Info page for details--but come back and finish reading this post!) Looks like the "big three" credit reporting agencies are moving toward a new scoring system. Personally, I think it will be a long time before (and if) we see the end of the FICO score. It's too … [Read more...]

Housing Speculators Relocate to Hotter Spots

by Jay Thompson on March 18, 2006

Annette Haddad of the LA Times wrote an interesting article on real estate investors. I've had the pleasure of exchanging emails and speaking with Annette and can tell you she knows her stuff. The link is here, but I don't know how long it'll stay active. I've copied the full article below. (Annette, I told you I'd quote you on the blog! Hopefully since I've provided full credit I'm not violating … [Read more...]

Unique Real Estate Developments: Dubai UAE

by Jay Thompson on March 12, 2006

Here's a couple of interesting real estate developments off the coast of Dubai in the United Arab Emirates. Very unique... The World Islands---The World Islands are a collection of man-made islands shaped into the continents of the world, located of the coast of Dubai in the United Arab Emirates. It will consist of 300 small private artificial islands divided into four categories - private … [Read more...]

New Home Builders Sucking Up to Phoenix Realtors!

by Jay Thompson on March 10, 2006

Six months ago, many (most) new home builders were slicing commissions paid to Realtors representing buyers. Why? Simple. They didn't need Realtors to bring them buyers. As reported in this blog and ThompsonsRealty.com, the builders had ridiculous waiting lists---people were clamoring for lots to build homes on. Builders weren't selling to "investors", they weren't paying real estate agents (many … [Read more...]