Category: Market Analysis
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America’s Most Expensive Zip Codes
Forbes released a top 50 list of the most expensive zip codes. No Arizona zip codes made the cut this time. If you look at the list it’s beyond dominated with New York and it’s suburbs and California. The 50th most expensive zip code was 11024, Great Neck, New York. As you can see the […]
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Phoenix Real Estate Market: Above and Below One Million Dollars
A million dollars buys quite a lot of home these days. Especially in Phoenix. Here the numbers. Under one million. 18,444 homes fully active for sale (NO contingencies). $4,320,235,875 Total Inventory. (Apple could easily buy all of Phoenix real estate with it’s cash on hand. 2,044 average square feet. $234,261 average list price. Over one […]
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Phoenix Area Real Estate Stats For September
ARMLS the multiple listing service provider for the Phoenix metro area publishes a monthly statistics newsletter called STAT. If you read this blog often you will know I like to produce my own statistics by analyzing the MLS data but it’s always useful to check out how other people read and interpret data. Highlights From […]
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Buy and Hold is the New Flip
CNN ran an article about changing trends in property investors. This July, investors flipped only 50% of their purchases, down from 75% a year earlier, according to Tom Popik, research director for Campbell Surveys, which tracks housing trends for major banks and government agencies. They held onto the rest to rent out. Full article on […]
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People Still Want to Buy Their Home
Confidence gets shaken. Neighbors get foreclosed. Homes sink underwater. But you cannot dislodge the underlying belief in people that owning their home is the best way to go. 70 percent of Americans said homeownership is part of achieving their American Dream. The data for this comes from Trulia. My favorite site of the real estate power portals. […]
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Tips For Selling Your Home in a Bad Economy
The economic data can get quite overwhelming at the moment. Home builder sentiment is down. While house prices have definitely stabilized in Scottsdale, and some media is printing positive stories, in general confidence on the street seems a little low. For many people the real estate market is just too much right now. They don’t want to […]