Hi Jay... Interesting post, because I'm detecting a similar atmosphere beginning in our area of Seattle (the Eastside). Pendings are noticeably higher, but what's more apparent, is how quickly "quality" listings are going under contract. Twice yesterday (and I'm not exaggerating), by the time a client emailed me, and I reviewed the listing, it had gone under contract - both were listed less than 5 days - and these were both 500K+. Other agents in my office speak of similar scenarios. Seems like someone flipped a switch!

Great post Jay; over here in sunny Perth, Western Australia (the boom State that is keeping the Australian economy ticking over nicely) sales rose 28% in Jan 2012 as compared to Jan 2011, and then rose a further 15% in Feb 2012. 2011 was the lowest year on record for sales activity, but a strong come back seems to be on. Anecdotally agents here are busy again...

Sounds like good news for the Phoenix real estate market.  There could be a good chance that several persons will come back to the industry now that things are beginning to pick back up.

Title tricked me! ;) Glad to hear things are picking back up in Phoenix. Will definitely be interesting to see if a lot of the agents that got out of the business over the past few years, come running back now that things are improving.

A very funny article and educational reading of Elizabeth and also what we have forgotten so quickly from 2005.

After the third or fourth iPad with incremental updates it’s hard to keep track of them all or even feign interest. It’s amusing to see tech bloggers lose their minds over a slightly updated version of last year’s tech.

I think we still have too many people sitting in their homes just waiting for a notice of trustees sale to call the bottom here in Puyallup WA. BUT the Spring jump in interest is an awful big jump.  I have so many buyers right now I'm starting to get an eye twitch. :)

Multiple offers are the norm in the lower price ranges and the best priced homes are often selling very quickly.

It is a curious mix of blood thirsty cash buyers (my favs), first time buyers and a few nervous types who just can't seem to pull the trigger.

Great to hear things are crazy er....um I mean picking up again. We are seeing some zany things happen here in Palm Beach area too. I hope the momentum keeps on going for other key location in the US. I agree with CraigsArizona, I hope we don't fall into doing the same mistakes. We don't need to shoot ourselves in the foot.

Woo! thanks for the Jay Thompson shout out!

It's actually the new iPad, Apple has decided against version numbers like the computer line, we don't have iMac 23 or Mac Book Pro 12. We just have iMac and Mac Book Pro.