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Phoenix Area Real Estate Market by Jim Sexton
November 2008-What a month!!! Yes the elections are over and now what? Congress goes back into session to address the economy and determine how many more billions it takes to correct the economy. Is that good news or bad news? Although housing is center stage, other industries are lining up for help such as the…
Orlando Report-2008 by Jim Sexton (Final Thoughts)
It’s always nice to see friends that you haven’t seen recently. I teased Rich Rector of Realty Executives that I haven’t seen or talked to him since last year’s convention in Las Vegas. I ran into Jan Jaloma (formerly Boyanga) a former PRC employee now located in Tampa-hadn’t seen her since Orlando 5 years ago. …
Orlando Report-2008 by Jim Sexton (Trade Show)
I like to try and get a Theme for the annual Trade shows and while technology certainly ruled the floor, it seemed like Mobile applications has received considerable attention. I found a “build your own” floor plan mobile application. Basically a CAD type program that allowed you to build a floor plan from the inside…
Orlando Report-2008 by Jim Sexton (General Session)
The Realtors of the Year from all the states were introduced and appeared on stage. The NAR Officers presented different parts of the program including Arizona’s own Vicki Cox-Golder our new President-elect. I wasn’t aware that President Gaylord had recorded 19 pod casts this year. For example this is NAR’s call to Congress for additional…
Jim Sexton talks about Tom Ruff’s email
Wow this is a report that you may need to read a couple of times to absorb. Why? October was a month with a lot of upheaval and government response. I think Tom’s info, insight and website are key pieces to understand and explain what’s happening in our market. I strongly recommend that you review…
Phoenix Real Estate Market by Jim "The Broker" Sexton
The foreclosure market is peaking … or has it peaked? If you believe that the Federal Rescue package will provide immediate short-term relief for distressed or delinquent homeowners, then your answer is Yes it’s peaked. If you need to see empirical evidence like I do, you might say, “It’s attempting to plateau” like Tom Ruff…
Preliminary Metro Phoenix Home Sales Figures for August '08
All August numbers are from ARMLS. Active Listings: 51,807 (down over a thousand from last month) Closed Sales: 5,800 (down 150 from last month) August is going to mark the third month in a row there has been year over year increased sales. In fact, August had 33% more sales in ’08 than in ’07. …
3 Places REALTORS® Must Disclose Commission Rebates to Buyers
Just a reminder concerning recent law changes and the impact on previously acceptable practices regarding commission rebates. I was listening to one of the sessions from NAR (yes, still going strong after 5 months) and I liked the following advice concerning buyer concessions. While in the past it was alright to pay the buyer a…
The “Rest of the story”…Vol 1
Wow I wonder if the National news outlets will give this the air time that they gave it as a news story when the buyers were heading into the trial. Sounds like the jury got it right. Real estate agent vindicated in California price case (VISTA, Calif.) – A real estate agent who made…
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