========== After months of a frenzied buying craze, the Phoenix real estate market appears to have shifted toward a buyer’s market. Notice I said TOWARD a buyer’s market. That doesn’t mean we are IN a buyer’s market (yet). On a scale of 1 to 10, with a “5” being a neutral market, a “1” being a ridiculously strong buyer’s market and a “10” being an insane … [Read more...]
Q2 Phoenix Market Outlook
========= Jay's 2nd Quarter 2005 Overview of the Phoenix Area Real Estate Market Existing Homes: Strong Sellers Market! Demand for existing homes continues to be extremely strong. The supply of existing homes seems to have stabilized somewhat, although supply is still low (but it has increased slightly over the first quarter. Homes are still selling very quickly. It is still not uncommon … [Read more...]
Land Ho!
========== I’ve always enjoyed helping people buy and sell land. Some REALTORS hate it. I don’t know why. Sure, some land deals are a royal pain in the buttocks, but then again so are a lot of single-family home deals. And don’t even get me started on commercial transactions! Land in and around Phoenix is going CRAZY! Here are a few true life examples: A couple bought 40 acres near … [Read more...]
Condos Going Kooky!
========== Wow. Just a few months ago, no one ever called, emailed or sent up a smoke signal asking about Condos. Now it seems like every day I hear condo talk. Investors are thinking about converting apartments to condos. First-time homebuyers (who are rapidly getting priced out of single family homes) are thinking about buying condos. Part-time residents are wanting a condo for a second home. … [Read more...]
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I'm Jay Thompson, and I have a little blogging problem... 