Comments on: Phoenix Real Estate in the News

By: J@home for sale

J@home for sale — Wed, 11 Mar 2009 14:17:34 +0000

I don't know if things will get turned around soon or not. Alongside of home owners just not being able to make that house payment anymore, I am so tired of flipping on the news or surfing the internet to find another company laying off workers.

By: Gregory Bain

Gregory Bain — Thu, 30 Oct 2008 07:26:15 +0000

Jay, the housing market is tough everywhere – except maybe Washington DC and Texas where the ex-politico is going and the new ones are going to be setting up camp.

I disagree with James and his entitlement remark. Why is it always OK to give our tax dollars to Wall Street and Bankers who live a very comfortable lifestyle, but not the American workers? If the plan is to "trickle it down" to me, forget about it. Let's reverse the pay out and give me the money to pay off my mortgage, make repairs to my house, buy a new car, and for those that got "tricked" into buying a house they can't afford – let them re-negotiate the loan to a 30 or 50 year fixed rate. Then the money can trickle up to the Bankers and Wall Street suits.

As for the builders and flippers who got caught in the middle – Well, next time they can go to Vegas and try for the triple 7's. Vote Obama!

By: Sam Dodd

Sam Dodd — Thu, 30 Oct 2008 07:14:41 +0000

As bad as things in Phoenix and Las Vegas are the forclosure capital is still St. George, Utah. Which is just 50 miles south of Cedar City. As a realtor it sucks for the clients but for us my job has gottan easier.

By: Ryan- Katy Texas Hom

Ryan- Katy Texas Hom — Wed, 29 Oct 2008 19:07:29 +0000

Yes Jay, the market is getting volatile day by day. The news is same here in Texas. With every new Goverment action to stabilize the housing crisis, it seems to get worse. Maybe this is just a phase and lets hope everything stabilizes with the new Government in power!

By: Kim Stoegbauer@Click

Kim Stoegbauer@Click — Wed, 29 Oct 2008 14:50:21 +0000

I agree, Jay. It is all rather depressing. I think it is terrible that a homebuilding company that has been building quality homes in the Valley for over 30 years is out of business. Another sign that things aren't getting any better. I believe we will continue to see more homebuilders and real estate companies closing their doors. **Kim Stoegbauer´s last blog post..Large Valley Homebuilder Collapses - Brown Family Communities

By: Jay - The Phoenix Re

Jay - The Phoenix Re — Wed, 29 Oct 2008 12:00:12 +0000

"Maybe this entitlement attitude is what got us in this mess in the first place."

A-freaking-men!

I may have to steal that line for a new post (with full attribution of course!)

By: James@Housing Market

James@Housing Market — Wed, 29 Oct 2008 11:53:30 +0000

Everytime I hear anyone complaining about not recieving any of the 700 billion bailout money it ticks me off. In addition it makes me sad to see what my country has become. Back during the great depression almost no one would take the welfare funds from the U.S. government. Even when they were nearly starving. However today almost everyone is complaining that they have not recieved any of the federal bailout money. Maybe this entitlement attitude is what got us in this mess in the first place.

By: Jayson @ New Homes f

Jayson @ New Homes f — Wed, 29 Oct 2008 10:57:36 +0000

It's definitely a tough market in Phoenix for many home builders, homeowners and industry professionals/employees. There is light at the end of the tunnel (you mentioned some neutral areas) but the tunnel seems so long.

I just hope that the family's of the 55 (or ?) laid off employees can make it through these times without losing their homes or more. Hopefully, they can find a job somewhere …

By: Michael Oliver

Michael Oliver — Wed, 29 Oct 2008 08:52:17 +0000

I agree Jay the news isnt so good concerning anything in AZ about real estate. Eventually things will rebound but from day to day its like just more bad news down the pipe.

By: John @ Maryland Real

John @ Maryland Real — Wed, 29 Oct 2008 08:09:36 +0000

It really surprised me how volatile the Phoenix real estate market is. My cousin who lives just outside of Phoenix ended up losing her home after a divorce because she was upside down. I thought the MD / DC market was tough. **John´s last blog post..Crownsville Real Estate