Comments on: ASU Reports Record Rate of Decline in Phoenix Home Values http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/ Phoenix Real Estate - Anything & Everything About It. Plus Random Musings... Fri, 10 Feb 2012 03:19:15 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: real estate in panam http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/#comment-52986 real estate in panam Sat, 16 May 2009 10:29:09 +0000 http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/1090#comment-52986 The median price of Phoenix metro houses, which had fallen to a very weak $160,000 in October, declined even more in November to $150,000, according to the ASU-RSI. The Phoenix Real Estate market has not been left untouched by the global economy slow down. Regards, Shane, Guy into real estate in panama The median price of Phoenix metro houses, which had fallen to a very weak $160,000 in October, declined even more in November to $150,000, according to the ASU-RSI. The Phoenix Real Estate market has not been left untouched by the global economy slow down.

Regards, Shane, Guy into real estate in panama

]]> By: Steve@alternative mu http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/#comment-40423 Steve@alternative mu Thu, 09 Oct 2008 00:53:06 +0000 http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/1090#comment-40423 Seems like this economic crisis is really hitting now Seems like this economic crisis is really hitting now

]]> By: Venturi Team http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/#comment-34617 Venturi Team Mon, 30 Jun 2008 21:35:56 +0000 http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/1090#comment-34617 In the end Buyers still want nice homes in good neighborhoods. Yey… people want a smoking deal, but they still need to live in it. In the end Buyers still want nice homes in good neighborhoods. Yey… people want a smoking deal, but they still need to live in it.

]]> By: Kelli Grant http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/#comment-34591 Kelli Grant Mon, 30 Jun 2008 12:00:19 +0000 http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/1090#comment-34591 And, there's always the simple philosophy that the higher you climb, the harder the fall. Having seen record appreciation in record time a few years ago would make us one of the places that had further to fall to reach "bottom". And, there's always the simple philosophy that the higher you climb, the harder the fall. Having seen record appreciation in record time a few years ago would make us one of the places that had further to fall to reach "bottom".

]]> By: Gordon Baker http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/#comment-34394 Gordon Baker Fri, 27 Jun 2008 23:26:07 +0000 http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/1090#comment-34394 REO's are defining the market bottom as well as the price point where the monthly rent will cover the PITI. Put in an offer for a client in Gilbert on a REO, good condition in a nice subdivision, but before we could submit the offer on the 4 day, it was gone at $40K over list. REO's are defining the market bottom as well as the price point where the monthly rent will cover the PITI. Put in an offer for a client in Gilbert on a REO, good condition in a nice subdivision, but before we could submit the offer on the 4 day, it was gone at $40K over list.

]]> By: Tucson Michael http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/#comment-34240 Tucson Michael Thu, 26 Jun 2008 10:31:03 +0000 http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/1090#comment-34240 In Tucson we are seeing the same things, however our market (in my opionion) is hitting bottom. REO sales are happening quickly and I predict in 8-12 months the absolute worst will behind Tucson. In Phoenix I think it could be at least 2 years before it starts a turn around, but time will tell. As long as short sales keep showing up (eventually these short sales many times become REO's once the bank takes them back) then the pressure will be on the downside. In Tucson we are seeing the same things, however our market (in my opionion) is hitting bottom. REO sales are happening quickly and I predict in 8-12 months the absolute worst will behind Tucson. In Phoenix I think it could be at least 2 years before it starts a turn around, but time will tell. As long as short sales keep showing up (eventually these short sales many times become REO's once the bank takes them back) then the pressure will be on the downside.

]]> By: UK FX Mortgages http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/#comment-34229 UK FX Mortgages Thu, 26 Jun 2008 03:14:04 +0000 http://www.phoenixrealestateguy.com/asu-reports-record-rate-of-decline-in-phoenix-home-values/1090#comment-34229 I agree with your prediction. I agree with your prediction.

]]>