Sales this October are way up. Prices are way down.
Single Family Home Sales Year to Year Comparison by Price Range. When comparing single family homes sales by price range for October 2007 to October 2008, homes sales have boomed in the under $200,000 price range. Home sales in every other category have declined. Special thanks to Fletcher Wilcox of Grand Canyon Title Agency…
Home Values Have Been Going Up and Down Forever
Our grandparents and their grandparents have all seen this movie before. It only seems new. Thanks to Benn Rosales of AgentGenius for finding this jewel.
What Turns Your Dial?
The emotion of fear is a gradient scale that starts at simple, garden variety “worry”, at the lowest level and goes up to a high level of terror. At the highest levels of fear the body will literally shut down. The emotion of fear is built-in to the body from a long time back as…
2008 Coldwell Banker Home Price Comparison Index
Most Expensive 2008 Avg. Sales Price Most Affordable 2008 Avg. Sales Price 1 La Jolla, CA $1,841,667 Sioux City, IA $133,459 2 Greenwich, CT $1,787,000 Jackson, MI $134,325 3 Beverly Hills, CA $1,777,475 Akron, OH $135,780 4 Palo Alto, CA $1,740,333 Canton, OH $139,667 5 Santa Monica, CA $1,653,333…
Window of Opportunity?
Would you be better off if you waited a bit for the market to “hit bottom”? Or is now is now a good time to buy? It depends. It depends on several factors: do you need a home now? Can you comfortably wait? How you will know the bottom happened? What if interest rates went…
The Homeowner Rescue Bill Rescues Fannie and Freddie Investors.
The Homeowner Rescue Bill Rescues Fannie and Freddie Investors. I don’t see any other groups being rescued. Normally I don’t find it difficult to disagree with President George W. Bush about pretty much everything (save the curvature of the earth and that humans should breathe oxygen). This time it is different. Bush had to have…
Step Into the Limelight
You’re a seller in today’s market. What does it take to get your house noticed with all the other houses out there for sale? Short answer? The very same thing it takes in any market. Or sure, in the market we had three years ago the average busboy or cab driver could have sold a…
Pictures Worth More than a 1,000 Words
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Good News and Bad News
All Sales in MLS January – May January February March April May 2006 5,243 5,860 6,713 6,709 7,585 2007 4,343 4,883 5,785 5,475 5,774 2008 2,868 3,070 3,854 4,844 5,647 And it’s the same news. As you can see from the chart showing sales from the Arizona Regional Multiple Listing Service (ARMLS) sales have been…
The Mortgage Blues: A Few Options
Of all the sellers we talk to on a daily basis one of the most heart wrenching conversations we have is the one about the possibility of foreclosure. A tragic side effect of declining values has been the number of homeowners facing the real possibility of losing their homes. Declining values can prohibit the sale…