Sunday Stats: Listing Success Rate

by on May 24, 2009
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“Listing Success Rate” is defined as, “the percentage of listings that closed with a sale rather than expiring or being canceled”. It compares the number of listings sold this month with the number of listings that were sold, expired or canceled in the same period. At this moment in time, the Phoenix real estate market is running at about a 60% listing success rate. In other words, 60% … [Read more...]

Phoenix to Offer $15,000 Loans to Purchase Foreclosed Homes

by on March 17, 2009

Through the Neighborhood Stabilization Program, the City of Phoenix is implementing a program that will provide some home buyers with a $15,000 interest free loan to purchase a foreclosed property. Sounds great! Don’t get too excited. . . Yesterday I attended an information session held by the City of Phoenix regarding the Neighborhood Stabilization Program (NSP). I’ll attempt to … [Read more...]

Thompson’s Realty Agent Heather Barr Quoted in Wall Street Journal

by on February 25, 2009

Thompson’s Realty agent extraordinaire Heather Barr is quoted in today’s Wall Street Journal in an article titled, “Bargain-Hunters Descend, Cash in Hand”. The article is behind the WSJ’s subscription firewall. I’d reprint it here, but the WSJ wants $475 for a month for that privilege. (you can read the article in its entirety here if you are a online subscriber or on page C10 if you … [Read more...]

Property Tax Notices Mailed Today for Maricopa County

by on February 20, 2009
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Over the next couple of days, home owners across Maricopa County will be getting their property tax assessment notices in the mail. It’s quite likely (almost a certainty) that you’ll see the assessed value of your home has declined since your last notice. That’s because, of course, generally speaking, home prices in Maricopa County have declined – sometimes significantly. … [Read more...]

Fulton Homes Files for Bankruptcy

by on January 29, 2009

From the Phoenix Business Journal: Fulton Homes Corp. filed for Chapter 11 bankruptcy reorganization Tuesday. "It is confirmed," said Rosaria Glasco of Knoodle Shop, the home builder's public relations firm. "Fulton Homes Corp. filed for Chapter 11 protection today this morning. This does not affect home warranties or customer service." “Back in the day” (of the real estate boom … [Read more...]

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Data last updated 2/8/12 7:42 AM PST.

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