Monthly Archives: August 2010

Reading the Cromford Report (one of the most thorough out there in real estate)

Over the past two months, inventory has gone up by more than 3%, which itself is not so bad except that it usually drops this time of the year. Even worse, pending sales have dropped by nearly 30%. An extreme … Continue reading

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Today, the AZ Republic says home prices are coming down!

Of course, if you have been reading my blog, you knew this already! Here is the article: link Pending contracts have gone way down, implying prices will continue to drop. BUT missed in the article is one more dangerous sign … Continue reading

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More evidence of the obvious and coming Phoenix real estate decline

Median sales prices: Median sales price information: May $130K June $127.4K July $125K Aug (so far, Aug 11) $118K today, bank owned homes in Phoenix actively marketed are at 7300. Notice how fast this increase has taken place, from just … Continue reading

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