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February 2014

Found 25 blog entries for February 2014.

Phoenix home prices finally cool down.

Due to sports conflicts on News/Talk 92.3 KTAR, That Real Estate Show will not be heard this Saturday.  But, in the meantime, we do have a quick update on how Phoenix real estate is performing as March is nearly here.

In terms of prices, something actually happened for the first time since September of 2011:  Home prices have gone down….  The latest figures come courtesy of S&P/Case-Shiller, which has moved Phoenix down to 15th in terms of price increases among the 20 city index. 

Here’s the complete list:

  1. Miami 0.87%
  2. Las Vegas 0.41%
  3. Tampa 0.34%
  4. San Francisco 0.2%
  5. Washington DC 0.17%
  6. Dallas 0.16%
  7. San Diego 0.14%
  8. Los Angeles 0.02%
  9. Atlanta -0.02%
  10. Detroit -0.04%
  11. Portland
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If you haven't a clue on what to do. 

You need to listen to That Real Estate Show with Diva Danielle Williams.

She's the Community Events Director.

Each week she has picks for places to go for everyone.  She picks and event for singles, couples and families.

But that's not all, she also introduces us to volunteer opportunities for those that have some spare time and would like to give back.

 

If you've got an event that you would like to hear on That Real Estate Show just email Diva at divadanielle@thatrealestateshow.co or contact us.

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It's a great time to buy!

As heard last Saturday on That Real Estate Show, Tina Tamboer from The Cromford Report stated that Phoenix home prices, and loans are at 2003-2005 levels.  In other words, you can buy a home in Phoenix for the same price someone could nearly a decade ago!  That’s a pretty impressive trend and pretty encouraging to anyone who may be able to purchase a home in Phoenix’s buyer’s market.  Even more encouraging is the comparison to other large markets, such as San Francisco.  Last week the NAHB/Wells Fargo Housing Opportunity Index reported that only 14.1% of the homes sold during the 4th quarter in San Francisco were affordable to families making the median household income. 

Here’s how some Arizona cities stacked up

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PRICE PER SQUARE FOOT AND DAYS ON MARKET FOR SCOTTSDALE ARIZONA

If you're looking to buy a home in Scottsdale Arizona or sell one, these figures will hep you figure out how long you may have to wait.  If you're buying, it will give you a good idea on when is a good time to start asking for some deep discounts.

Thanks to Security Title for providing these charts.

Normal day son market for the Scottsdale, ARizona area is at 86 days.

If it's a short sale, it's 95.  It used to be 130 days.  We can either give the banks credit for getting their act together when it comes to short sales, or just give credit to the fact there aren't as many short sales on the market anymore.

If a property is bank owned or what we call a foreclosure, it used to sit

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That Real Estate Show has Phoenix’s very latest real estate news and information every Saturday at 3pm on News/Talk 92.3 KTAR.

Here's what you missed on That Real Estate Show for February 23rd, 2013:

Time to Buy? – Tina Tamboer from The Cromford Report talks about the historically great buying conditions for those interested or looking to buy a home in Phoenix.

Get It While It Lasts! – There is no guarantee about how long Maricopa County will give you free money, and That Real Estate Show’s money expert, Kim Harland tells you how!

Jobs, Jobs, Jobs - The Phoenix Business Journals Kristena Hansen has the latest on the on jobs, and how it could affect the value of your home. 

Get OUT While It Lasts - Diva Danielle has suggestions for anyone

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Enjoy it while it lasts!

That Real Estate Show’s Community Events Director, Danielle Williams wants you to take advantage of this great weather in Phoenix before the warmer months ahead.

Here are Danielle’s picks of the week:

 

Tune in for more things to do in Phoenix with Danielle every Saturday at 3pm on That Real Estate Show.

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Get the latest Phoenix real estate news and headlines on That Real Estate Show, every Saturday at 3pm on News/Talk 92.3 KTAR.

Here’s what’s coming up on That Real Estate Show for today Saturday, February 22nd, 2013.

 


THAT MARKET REPORT  –  We're in a buyers' market.  Tina Tamboer, from the Cromford Report, has an update on how the Phoenix real estate market is performing, and why, historically speaking, it is still a great opportunity to buy a home in Phoenix.

FREE MONEY TO BUY A HOME – Kim Harland from Nova Home Loans talks the Maricopa County Home in 5 Advantage Program.

PHOENIX BUSINESS REPORT-  The Phoenix Business Journal’s Kristena Hansen joins us to talk about the latest on Arizona business news.  Will we see new jobs coming

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Good Numbers...on the job front anyway

Some good news for Phoenix real estate via Forbes, which released their list of the fastest growing cities in the U.S.  Not surprisingly, Phoenix made the list, checking in with the #3 ranking behind only Raleigh, North Carolina, and Austin, Texas.   The #3 ranking is a 5 spot jump last year’s list and, per Forbes, Phoenix is now the #1 in the nation in terms of growth in the finance job industry.

 

This is good news on many levels, especially for the Phoenix real estate market, which thrives on growth to boost demand for homes for sale in Phoenix.  On that front, the Cromford Report has identified some troubling numbers in terms of our weak buyer demand, where pending sales from mid-January to mid-February

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And they say it wouldn't last.  Free money to buy a home in Maricopa County.

The Maricopa County Home in 5 Advantage Program is still going strong. It's a federal grant given to Maricopa County, hit hard by the housing crash.  Anyone purchasing a home in Maricopa County can get up to 5% for down payment and closing costs.  If you are a veteran, you can get 6%.

We checked in with Kim Harland of Nova Home Loans from That Real Estate Show on KTAR.  She is one of the approved lenders of the program from That Real Estate Show to get the latest on this program.

 

How long has the program been in place? 

Kim Harland: This program started in 2012

Why was it created?

Kim Harland: To assist buyers in purchasing homes that have

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That Real Estate Show keeps you up to date on the Phoenix real estate with the very latest news and information to help you make the best possible decision when it comes to buying or selling a home in Phoenix. 

HOMES FOR SALE IN PHOENIX ARIZONA

Here’s what you missed on That Real Estate Show on Saturday, February 15th:

Listen to the podcast.

Buyers’ Market –Phoenix real estate market is officially in a state that favors buyers, and ASU’s Michael Orr talks about how long that might continue to be the case.  Listen here.

Things You Need to Know about Mortgages – That Real Estate Show’s money expert, Kim Harland, has the best information on lending programs for those looking to buy a home in Phoenix.  She talks about the popularity of the Maricopa County Home in 5 Program

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