Real Estate Charts of the Day: Phoenix Listing Inventory Dropping, Sales Rising

by Jay Thompson on July 14, 2011 9 Comments

The number of Phoenix homes for sale is dropping. Rapidly. The chart above shows that inventory of active listings has steadily declined since November 2010. Active listings in June were 30,614, down from 45,836 in November 2010 and well off the peak inventory of 58,195 in November 2007. And at this moment in time, July 14, 2011, the number of active listings stands at 28,684. Cromford (the … [Read more...]

Sunday Stats: A look at Bank Owned Homes in Phoenix

by Jay Thompson on May 17, 2009

Bank owned homes – also known as lender owned homes, foreclosures or REO’s (Real Estate Owned) – continue to fly off the shelf in the Phoenix real estate market. On the chart above, green circles indicate a condition favorable for sellers, red circles indicate favorable for buyers (white is neutral). Of note, active listings continue to decline. The 6,107 active REO listings are half … [Read more...]

Cramer Comments on Housing; and a NJ Realtor Group Gets Whiny

by Jay Thompson on September 29, 2007

So a couple of days ago, Jim Cramer is on the Today Show, saying "Don't you dare buy a home now, you'll lose money". Fine, his opinion. He's clearly entitled to an opinion and has never been shy about sharing one. Personally, I think it is silly to make a blanket statement like that -- swiping a wide brush across the country and every possible buying situation -- and proclaiming "you'll lose … [Read more...]

Charts and Maps and Analysis, Oh My! A Veritable Cornucopia of Real Estate Data

by Jay Thompson on September 25, 2007

I'm a chart junkie. Charts are just cool because (done right) they can provide an instant snapshot of a whole bunch of data. I've also loved maps ever since I can remember. As a kid, I used to spend hours pouring over the atlas (I know, what a geek. But that was before there were geeks. Heck, I'm old enough to remember when encyclopedias were bound books. And yes, I read them too...). The … [Read more...]