According to a study from the Arizona State University W.P. Carey School of Business, the “ASU-RSI” (ASU Repeat Sales Index) average home prices in the Phoenix metro area dropped 13% year-over-year in March.This is the first double-digit “ever” (ever is a really long time. I suspect it’s the first double digit decline in this metric’s history — I’m … [Read more...]
Harvard Releases “State of the Nation’s Housing 2008″
by on June 23, 2008
The Joint Center for Housing Studies (Harvard University) has released a report titled, “The State of the Nation’s Housing 2008”. It’s lengthy (44 pages) and I haven’t had a chance to digest it yet. Even the “Executive Summary” is five pages of double-column text.I’ll try to report back with my thoughts later in the week.The opening of the … [Read more...]
The Wall Street Journal on Home Pricing
by on June 11, 2008
What is probably my favorite “paper”, The Wall Street Journal, published an article on Sunday titled, “Get Real With Your House Price”. It’s relatively brief, but contains some good info. The article points out five signs that indicate your home may be overpriced: 1) Not enough showingsThis is a prime indicator. But it’s a little … [Read more...]
Foreclosures Top 1 Million, Record High Oil Prices, Unemployment Up, Dow Down 400 Points
by on June 6, 2008
Wowsa. It’s been a pretty brutal day for economic news:Foreclosures Hit Record High“Hysteria” Drives Oil to Record HighUnemployment Up Sharply Nationwide (held its own in Arizona by the way)As such, the stock market took a pounding today, with the Dow losing 395 points (All the broad market indexes were down about 3% today).I’m a bit of a news junkie. As I was reading … [Read more...]
I'm Jay Thompson, and I have a little blogging problem... 
