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September 2010 Inventory Report

From the SEPTEMBER 2010 ARMLS STAT Report

NEW INVENTORY

New listings added to the market increased from 12,407 in July to 12,849 in August. This represents a 3.6% increase over both the previous month and year. In August, 4,051 or 31.5% of new listings were new short sale listings. This represents a 4.9% increase in […]

Bad Agent Habits – Counter Offers

This one is too good to be true, I’m negotiating an offer for my buyer. I send an offer to the listing agent to present to the seller. When I call to verify receipt of the offer, she responds that she doubts the seller will consider or counter. I keep a professional tone and ask […]

September 2010 ARMLS Sales Notes

Excerpt from SEPTEMBER 2010 ARMLS STAT

SALES Month over Month

Sales took a precipitous drop in July, mirroring the national reaction to the end of the first time home buyer incentives. August sales showed upward movement, suggesting that the market supply and demand are naturally correcting themselves after the home buyer tax credit accelerated purchases […]

2010 Arizona Real Estate Laws

Here’s a recap from the Arizona Association of Realtors of the six new state laws that could have the biggest impact on the real estate industry and homeowners. The laws went into effect on July 31st.

HB2345: Homeowner associations are prohibited from banning the display of temporary open house signs, except in common areas. HOAs […]

Why is now a great time to buy? Here are 10 reasons

Why is now a great time to buy real estate in Phoenix? Here are 10 reasons:

You can get a good deal. Prices are down 30 percent on average. They’re at a level that makes sense for people’s income. Mortgages are cheap. At 4.3 percent on average for a 30-year fixed-rate mortgage, your costs to […]