Tag: Market Analysis
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Arizona Real Estate January Snapshot
I received some market data from Tom Newell at First American Title today. In January in Maricopa county there were 5480 single family homes sold. The median price for a single family home was $119,000. Working in the luxury market it’s easy for me to forget sometimes the sheer volume of homes selling at our […]
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Buying a Home Now
Smart Money, a part of the Wall Street Journal digital network, is running an opinion piece reflecting on the Obama administration’s proposal to reform the mortgage industry. The article outlines some of the effects that might occur should the proposals be approved by Congress. The effects are broken down to smaller mortgages, higher fees and bigger down payments. The article, which […]
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Now is a Good Time to Invest in Real Estate?
According to a poll running today on WSJ.com 65% of people think it is a good time to invest in real estate. Real Estate Market Sentiment This is not the most scientific poll as it was just posted online but it does give a broad view of the general sentiment about the real estate market. […]
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Home Prices in Scottsdale Affordable Again?
Today the WSJ.com reports that housing in many markets has returned to affordability levels on a par with levels before the recent bubble. Affordability is a measure of both house prices against average annual family income. Based on data provided by Moody’s Analytics the Journal reports: “During the boom, lax lending and speculation pushed house-price […]
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Housing Market Set for Strong Gains in 2011
According to the National Association of Home Builders “Housing will see gradual improvements in activity this year as the nation’s economy and job market continue to move to higher ground, establishing momentum that will produce more considerable gains in 2012, according to economists who appeared at the NAHB International Builders’ Show in Orlando on Jan. […]