Phoenix Area Real Estate

There was an interesting segment on the Early Show on CBS this morning.  It was the Money Matters segment, with Harry Smith interviewing Ray Martin. We have long said that we feel that the over-hyping of the mortgage and real estate markets woes is contributing to the woes.  This segment is a breath of fresh air regarding media coverage.

We have said ourselves, that there are definitely problems, we don't live under a rock, but the general perception of the situation seems to be blown out of proportion.  It becomes a circular issue. Check out the segment at http://www.cbsnews.com/stories/2007/08/30/earlyshow/contributors/raymartin/main3219850.shtml 

I just finished uploading this Condo for sale, 8522 E. Kiva Avenue, Mesa, AZ

This lovely home has been gently lived in as a 2nd home. All of it's many wonderful upgrades are barely used. You will feel right at home with a touch of luxury! 9' ceilings give an open airy feeling to the home. Italian tile is laid diagonally through the main living spaces. The gorgeous kitchen features all of the right upscale touches including solid granite counters, lovely raised panel cabinets with 42" uppers and one section of glass fronts! The appliances are all upgraded including the ceramic top range, microwave and dishwasher. The side by side refrigerator

Hello, There was an article in the  Business Journal of Phoenix last week that provided some information from the Arizona Blue Chip Economic Forecast.  Once again, some of what we have been saying for a while is backed up with this report.  Although there are definitely factors that will continue to put a drag on the economy, such as the slow housing market and mortgage concerns, there are many other factors that will help buoy our market through those negatives better than most other metro areas.  Population continues to grow, and that bodes well for the long run real estate market.  Once again, that will also mean an easier rebound

Hello -

Www.azcentral.com reports today that Phoenix Metro home prices are down 2.7% from where they were 1 year ago.  This may surprise many residents, since there has been a glutton of "Doom-and-gloom" real estate reports as of late.  The bulk of news coverage has been on the mortgage industry and homes losing value; what we need to keep in perspective is that in 2005, Phoenix led the nation in home appreciation - at a whopping 55%!  While there are still a lot of homes on the market, we have fared far better than the bulk of the nation in this housing dip.  If you purchased your home prior to 2005, you are still

Hello!

We have a new Scottsdale Condo Project to share - it is called "Sandalo".  Located at 70th St and Cochise, only 44 homes will be offered in this gated community!  Please click HERE for more information!

 

 

 

Sharon Kotula, ABR Adam Tarr, e-PRO Your Phoenix Area Real Estate Source RE/MAX Excalibur Scottsdale, AZ 480-483-3333

info@WeAreAZRealEstate.com

www.WeAreAZRealEstate.com

 

Hi!

In the last blog post on retail construction we mentioned that one of the key factors that will help the market rebound faster than other areas is our area's strong job growth.  Well, statistics were just released showing that Arizona remains stronger than all the other states except one.  Arizona rated #2 in job growth behind Utah in July.  The non-farm growth rate was 2.8 %.  Now this is slower by almost half of what it was at this time last year, which reflects the nationwide economic slowdown, but shows that we are still beating the average (which was only 1.1%).  Unemployment is still low at 3.7%.  To see

New statistics came out recently that show that Phoenix leads the nation in retail construction.  Considering the state of real estate across the nation as well as locally, that is relatively good news.  High retail construction shows that there is still growth.  We have said for a long time, even before the downturn in the market that the Phoenix area should recuperate faster than many other metro areas.  The reason is that we have the overall economy, job growth, and climate to attract people to this area.

There are naysayers who think that the high retail construction will just lead to more empty stores.  But consider