To set the record straight, the oft quoted Apollo 13 statement from James Lovell, played by Tom Hanks was actually, “Houston, we’ve had a problem here.” Astronaut John Swigert Jr. said it first, then it was repeated by Lovell. No extra charge…
An Upbeat Real Estate Start to 2016 Last week we discussed the benefits of owning rental real estate, especially in the Phoenix Metro area where our market has slowly and steadily been improving over the past few years. We recommended that folks…
The Year Nothing Worked: Stocks, Bonds, Cash Go Nowhere ***It’s the worst year for asset allocation funds since 1937 and; ***A 2.2% gain in the S&P 500 is the best anyone can do (Bloomberg News 12-28-2015) My Monday morning work day started…
We’ve all seen how the American military has been utilizing robotic drones to help fight wars, especially in the Middle East. It has eliminated many Al Qaeda and Isis terrorist enemies without having to jeopardize allied “boots on the ground” which is…
Solid and Balanced Market Continues The good news is that the Phoenix Metro real estate market will surpass the last two years in many important categories including the number of sales, average and median sales prices, numbers of homes under contract and…
The “total” supply of homes for sale in the Phoenix Metro region is well down from last year, which on the surface would seem to be not great news for buyers and good news for sellers. All of that decline, however is…
2014 was one of the most balanced years in the Phoenix Metro residential real estate market according to Michael Orr’s (ASU) Cromford Index. One year ago the Cromford Index was just above “100” which Mr. Orr has determined to be a “balanced…
S&P Case Shiller Home Price Report Recent News Points to a Solid Market Phoenix area real estate market watchers have become spoiled The latest S&P / Case-Shiller® Home Price Index® report has been issued and covers sales closed between June and August….
ALL REAL ESTATE IS LOCAL!!! What $350,000 Gets You in San Francisco! 765 Square Feet in Need of Work – $458 Per Square Foot This tiny one-story abode is being showcased as a single family home. The listing describes the property as…
Last week we quoted our local real estate number crunching guru, Michael Orr, (ASU/Cromford Report) who stated that, “Appreciation of around 5% (Phoenix Metro area) seems to be the order of the day. This may not appear to be a big number…