General
Phoenix home prices declining slower over last 2 months
I just read an article that had some interesting statistics regarding price declines in the Phoenix Metro area. Overall home prices have shown a 22.8% decline from June 2007 to June 2008. Peoria shows the largest decline at 28.1% while Scottsdale/Paradise Valley had the smallest decline at 14%. The article goes on to say that for the [...]
12Sep2008 | Michele Guss | 2 comments | Continued
Fannie Mae, Freddie Mac taken over..stocks soar
On Sunday the government announced it is taking over Fannie Mae and Freddie Mac in hopes of strengthening the housing and financial markets. Following this announcement, on Monday the Dow rose 290 points. To read the full stories, click on the following links:
http://www.washingtonpost.com/wp-dyn/content/story/2008/09/08/ST2008090801017.html?hpid=topnews
and http://www.washingtonpost.com/wp-dyn/content/article/2008/09/07/AR2008090700259.html.
Factors that will lead to real estate recovery
I was talking to someone this morning and she asked me when I thought the market would recover. My thoughts on this topic are complex. To follow are some general ideas I have about factors that will lead to stabilization and eventually recovery. The 1st thing to consider is that real estate is local. It depends on what state, county, area, or even subdivision [...]
5Sep2008 | Michele Guss | 0 comments | Continued
Survey says: Sellers are still in denial about what their house is worth
Today I am going to write about a topic I am experiencing firsthand…seller denial. I have been considering listing my single family house in Fountain Hills, Arizona for sale. I had not run comparable sales (comps) for my house in quite a while so I entered all the pertinent data about my house into the MLS: square footage, # of [...]
7Aug2008 | Michele Guss | 2 comments | Continued
Some good news in the re-sale market?
I receive daily e-mail updates from the Phoenix Business Journal. My posts on this blog tend to mimic what I have read that day.
Today I read an article stating that the Pending Sales Index used by the Natl Assc of Realtors indicates there was a + change in the past month. While May’s reading was 84.5, the index jumped to [...]
Bill signed to regulate AZ loan officers
I just read an article in the Phoenix Business Journal today regarding a new bill that Gov. Janet Napolitano has signed into law to regulate individual loan officers in the State of Arizona. As it stands now, only the mortgage broker is required to be licensed. Personally I am in agreement with the new law. All realtors are [...]
16Jul2008 | Michele Guss | 0 comments | Continued
Arizona Neighborhood Information
This is my first time blogging so bear with me! I wanted to let you know about a great website to look up information about neighborhoods in the Phoenix Metro area. Under the Community tab you can find HOA info, maps, school districts, library, police & fire etc. Keep in mind that they run this site [...]
15Jul2008 | Michele Guss | 1 comment | Continued
Francy’s Cool Website of the Week
I love information. I love maps. I love having access to on-going studies. Information can be the key to success. One of my favorite sites for information is the Maricopa Association of Governments website.
I can spend hours on this site.
Interested in what is happening with the money from the freeway tax? Here is the “2007 [...]
the Life Cycle for Quality
Here’s a life cycle for people who are very good at what they do.
You’re the best in the business.
You develop a rabid, cult-like following for your service.
Your business booms; you make lots of money.
You become too busy to attend to the little things that made you the best in the business.
You expand &/or work too [...]
Looking for a Few Good Phoenix Links
If you look over to your right, you’ll see a new feature in the center column.
“Phoenix Blogs & Sites” is a list of “Phoenix-centric” sites. Anything from sports, to restaurants to carpool lists. If it centers around the Phoenix metro area, it’ll be there. (Eventually)
If you know of a good link, or if you run [...]
Real Estate is still the best investment you can get, land properties always increase in price as time goes by."`- 
i had a bad credit score last year but i was able to fix it now..:" 
I figured it out. The make the inspection period start the day they send you an email saying they will ...
i am not a fan of having credits and getting credits cards.;," 