Phoenix Property Inventories are Decreasing!
We are seeing Phoenix and surrounding areas supply of home decreasing. Pending sales have picked up significantly, which means our closed sales will reflect that in March. Welcome news for everyone.
We used to consider a normal housing inventory in our market as one with 6 month supply and just recently were up to 11-12 month supply in Phoenix and over 2 years in Scottsdale with Paradise Valley running a close second. Phoenix is now looking at a 6 ¾ month supply- very nice. South East Valley is looking at 7 and ¾ months housing inventory- still nice, and overall market supply is at 8 and ½ months. Maybe our Phoenix realtors can entertain a light at this end of this very long tunnel. Scottsdale from 750 up and Paradise Valley luxury homes are still way up there but hopefully is this Housing market actually does continue to move, we will create motion in that sector as well.
Phoenix property supply was down 3%, West Valley 1% and the overall market supply was down 2%. Let’s hope the news media can find this interesting enough to report to the public along with all the foreclosure signs they display on the screen. I am so into some positive news.
Saturday, February 21, 2009
Wednesday, February 18, 2009
Love House Kids and Willy Northpole
WOW! Starts it off – We had the most incredible day yesterday for the kids in group homes and some foster kids. A week and a half ago the Love House Kids Program had a call from a guy that wanted to hook his client who is a hip hop artist, up with our kids at the group homes. He wanted to come and talk to the kids and he had a message of hope. His name is Willy Northpole and he is Hip Hop so the lyrics are something pretty new to me, however his brand manager assured me that the message was right and they were very responsible with kids. After I took a deep breath and thought about it, I went with it. He is someone that is recognizable in the music world and that would thrill the kids and grew up tough and in Phoenix. It doesn’t get more believable than that for our kids. He has walked their walk. Best decision we could have made. Willy hit it out of the park with these kids and all the adults just loved him. He is just one fine nice human being. He took the kids through his whole growing up life till now didn’t hold back much and the kids were completely quiet and in awe. It was like he was reading their mail. He let them ask him anything and everything with no rush. Please remember this guy had performed for 3 days at the Phoenix All Star games, his voice was gone and he still running on no sleep or next to none was willing to give 35 kids everything they needed. They brought shirts and he autographed CDs and shirts for them. Let all of them have pictures taken with him for their personal use. His whole message was of hope and dreams. He gave the kids his email address; He wears a shirt with HOOD DREAMER on it and he so walks that walk. We were so honored to accommodate this at the Girl’s Place. Bytauh his branding agent and the person that set this up has assured me that this isn’t the end, it is the beginning and Willy’s manager Tiffany, who is just one outstanding gal has offered to help us out in the future as well, We just feel blessed. When we can do something like this for the kids and help provide them with a positive message for life, it makes you remember why you do what you do.
We have a new girl at the Girls Place who is going to Apollo College and working and committed to be the best she can be. We love her to death and know that her attitude is an attitude of a winner. We are happy to help her reach her goal
We have a new girl at the Girls Place who is going to Apollo College and working and committed to be the best she can be. We love her to death and know that her attitude is an attitude of a winner. We are happy to help her reach her goal
Tuesday, February 10, 2009
Phoenix Real Estate - Are There Advantages to Multi Family Units?
If you are looking to invest in real estate in the Phoenix area, you may
want to consider putting your money into multiple family dwellings.
Considering the current downturn in the economy, it really makes
good sense to invest in this type of housing verses a single family
home. Here is some information that will help explain why this would
be a smart decision.
Creating wealth through real estate investing is something many
savvy business people do. What are the advantages of putting your
money into small residential income properties? Suppose out of 10
units, 2 are vacant. The monthly costs to the investor are much lower
than that of an empty single family home. Make sense?
Here is an example:
Let's say owner "A" invested in a single family home of average size
that normally rents for $1200 with a mortgage of $1000 per month.
This home is now empty, and for one months mortgage the owner is
out $1000. This comes out of his own pocket.
Now, owner "B" has a 6 unit multi family dwelling and each unit rents
for $700 per month. The monthly mortgage on this property to the
owner is $3000. Two units are vacant, which means he will receive
$2800. This only leaves the property owner $200 short of making his
mortgage payment. Now, think about the outcome to you, the
investor. Would you rather have $1000 or $200 coming out of your
own pocket for that months mortgage payments?
This is one of the benefits of investing your money in multiple family
dwellings. You can see why putting your money in a single family
home isn't such a good idea when you can spread the risk among
more units. This helps you to create a more efficient cash flow for
yourself and create future wealth. Can you see how investing in
several multiple dwellings could help secure your financial future?
Owners of multi family dwellings also have plenty of other advantages.
With repairs, for example, you can write off a portion of the cost in
many cases. When you own a single family unit, you get no
immediate tax benefits.
Investing in real estate is one of the best ways to insure that your
future is secure. Real estate and residential properties rarely ever
decrease in value, and tend to increase over the years. Of course,
investing in single family homes is a good decision, but diversify and
put some of your money into multiple family dwellings.
Of course, the negative aspects of owning a multi family dwelling will
come to mind, such as getting calls from tenants with repair and
maintenance problems. This does occur, but it really isn't as often as
you imagine.
The hard and fast facts are that multiple dwellings will insure that you
have a steady income stream that is as recession proof as any
investment you could possibly make. Your family's financial security
depends upon making smart investments, and this is one of the best!
want to consider putting your money into multiple family dwellings.
Considering the current downturn in the economy, it really makes
good sense to invest in this type of housing verses a single family
home. Here is some information that will help explain why this would
be a smart decision.
Creating wealth through real estate investing is something many
savvy business people do. What are the advantages of putting your
money into small residential income properties? Suppose out of 10
units, 2 are vacant. The monthly costs to the investor are much lower
than that of an empty single family home. Make sense?
Here is an example:
Let's say owner "A" invested in a single family home of average size
that normally rents for $1200 with a mortgage of $1000 per month.
This home is now empty, and for one months mortgage the owner is
out $1000. This comes out of his own pocket.
Now, owner "B" has a 6 unit multi family dwelling and each unit rents
for $700 per month. The monthly mortgage on this property to the
owner is $3000. Two units are vacant, which means he will receive
$2800. This only leaves the property owner $200 short of making his
mortgage payment. Now, think about the outcome to you, the
investor. Would you rather have $1000 or $200 coming out of your
own pocket for that months mortgage payments?
This is one of the benefits of investing your money in multiple family
dwellings. You can see why putting your money in a single family
home isn't such a good idea when you can spread the risk among
more units. This helps you to create a more efficient cash flow for
yourself and create future wealth. Can you see how investing in
several multiple dwellings could help secure your financial future?
Owners of multi family dwellings also have plenty of other advantages.
With repairs, for example, you can write off a portion of the cost in
many cases. When you own a single family unit, you get no
immediate tax benefits.
Investing in real estate is one of the best ways to insure that your
future is secure. Real estate and residential properties rarely ever
decrease in value, and tend to increase over the years. Of course,
investing in single family homes is a good decision, but diversify and
put some of your money into multiple family dwellings.
Of course, the negative aspects of owning a multi family dwelling will
come to mind, such as getting calls from tenants with repair and
maintenance problems. This does occur, but it really isn't as often as
you imagine.
The hard and fast facts are that multiple dwellings will insure that you
have a steady income stream that is as recession proof as any
investment you could possibly make. Your family's financial security
depends upon making smart investments, and this is one of the best!
Thursday, February 5, 2009
Relocating To Phoenix, Scottsdale or Glendale Arizona
Phoenix Property – A Sunshine Filled Destiny
Whether you are relocating because of business, or just looking for a new home, Phoenix Arizona is a state filled with sunshine, fun and abundant living. If you are looking for real estate, our professional agents will help you find the house of your dreams – a place you will love to call home. We are the top pick when it comes to realtors who care, and truly want to help you make the right choice for your family.
If you are looking for homes for sale, or to sell properties you own, let us assist you. We will help make the process as seamless as possible! Our agents are professional and caring, with their top priority being your satisfaction. Our number one goal is to help people get the results they are looking for, whether it be buying the perfect home or selling the one you currently have.
Why should you choose Phoenix as your home? There are countless reasons. Along with being the 5th largest city in the country, Phoenix boasts many other attractions. Abundant golfing resources, beautiful sunshine most of the year, museums and restaurants for every taste are just a few of the reasons people love this city. The kids will love Castles and Coasters – this popular amusement park will fill their need for excitement!
Investing in Phoenix property is a smart choice, not only because of the huge amount of activities available in the city, but because of the constant growth as well. Our agents not only work to help you buy or sell a property, they also familiarize you with the town if you are a buyer. Your children's safety is more than likely your number one concern, and our real estate agents provide you with the information you need to feel confident about the education of your children. Neighborhood reports and demographics are also available for your perusal.
Having an experienced and knowledgeable agent whether your are buying or selling real estate is important. High caliber professionals will assist you with all of your needs, and make your transactions a breeze. Purchasing a home or selling real estate is much easier when you have an agent who is committed to you and your family. The best realtors join together as a team, so that someone is always available for your questions or needs.
If you are in the market for a house, Phoenix realtors have some of the most beautiful and affordable homes for sale that you will find anywhere. With the attractions the city boasts and the gorgeous weather nearly year round, this is the little piece of Heaven you've been searching for for your family. Phoenix property is unlike any other you will ever experience!
An established realtor will give you access to the sold market value of other homes with the same criteria in the Phoenix area. This helps you make an informed decision on what to offer for the property, and that the price you will pay is fair. Have you ever known someone who paid an exorbitant amount for real estate? We all have – but it doesn't have to be that way.
Are you in the market to purchase or sell properties? Phoenix is the place to be. Be sure to find a reputable real estate company that has an excellent reputation for client service and customer care. After all, it is your money and your family's happiness that's at stake!
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties
Whether you are relocating because of business, or just looking for a new home, Phoenix Arizona is a state filled with sunshine, fun and abundant living. If you are looking for real estate, our professional agents will help you find the house of your dreams – a place you will love to call home. We are the top pick when it comes to realtors who care, and truly want to help you make the right choice for your family.
If you are looking for homes for sale, or to sell properties you own, let us assist you. We will help make the process as seamless as possible! Our agents are professional and caring, with their top priority being your satisfaction. Our number one goal is to help people get the results they are looking for, whether it be buying the perfect home or selling the one you currently have.
Why should you choose Phoenix as your home? There are countless reasons. Along with being the 5th largest city in the country, Phoenix boasts many other attractions. Abundant golfing resources, beautiful sunshine most of the year, museums and restaurants for every taste are just a few of the reasons people love this city. The kids will love Castles and Coasters – this popular amusement park will fill their need for excitement!
Investing in Phoenix property is a smart choice, not only because of the huge amount of activities available in the city, but because of the constant growth as well. Our agents not only work to help you buy or sell a property, they also familiarize you with the town if you are a buyer. Your children's safety is more than likely your number one concern, and our real estate agents provide you with the information you need to feel confident about the education of your children. Neighborhood reports and demographics are also available for your perusal.
Having an experienced and knowledgeable agent whether your are buying or selling real estate is important. High caliber professionals will assist you with all of your needs, and make your transactions a breeze. Purchasing a home or selling real estate is much easier when you have an agent who is committed to you and your family. The best realtors join together as a team, so that someone is always available for your questions or needs.
If you are in the market for a house, Phoenix realtors have some of the most beautiful and affordable homes for sale that you will find anywhere. With the attractions the city boasts and the gorgeous weather nearly year round, this is the little piece of Heaven you've been searching for for your family. Phoenix property is unlike any other you will ever experience!
An established realtor will give you access to the sold market value of other homes with the same criteria in the Phoenix area. This helps you make an informed decision on what to offer for the property, and that the price you will pay is fair. Have you ever known someone who paid an exorbitant amount for real estate? We all have – but it doesn't have to be that way.
Are you in the market to purchase or sell properties? Phoenix is the place to be. Be sure to find a reputable real estate company that has an excellent reputation for client service and customer care. After all, it is your money and your family's happiness that's at stake!
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties
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