Sigh…. they are at it again. The media’s obsession with Chicken Little and his “The sky is falling! The sky is falling!” panic is getting rather old…An article in today’s East Valley Tribune starts off with this little gem…
It was no easy summer for home sales. May was the worst May in three years. [...]

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UPDATE: Please see this post for an updated chart (through Dec 2007) plus new charts!
“We’ve got to refinance NOW, rates are going up!”
“If we don’t buy now, we may not be able to get a good rate!”
I hear comments like this all the time.
Chasing mortgage rates will drive you bonkers. Yes, the rates for 30 [...]

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Homes (Data includes Single Family Homes, condo/Townhomes, 2 - 4plex, mobile/mfg and timeshares):
As of August 5, 2006 at 5:51pm:
Current Active Listings: 46,346 (39,086 SFH’s)
Active With Contingencies (AWC): 923 (what does AWC mean?)
Pending: 6,348
Sold (July 1, 2006 - July 31, 2006): 6,103
Sold (June 1, 2006 - June 30, 2006): 7,212
Land:
Active: 9,930
AWC: 45
Pending: 377
Sold (July 1 [...]

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Jay’s Opine: Sorry, I haven’t had time to really disect this latest one from the Republic. I see it’s actually time-stamped as being released 26 minutes from now, which seems kinda odd… So here at The Phoenix Real Estate Guy you can actually get some news stories before they are even written. I’ve been trying [...]

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Jay’s Opine: Home sales data for June was just released, and of course the media is all over it, proclaiming doom and gloom for the entire Phoenix market. Sales are definitely down, to 2000 levels, and that gets the majority of press. What doesn’t get nearly as much focus is yet another record has [...]

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