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Dalton's Arizona Homes Blog

Dalton's Arizona Homes Blog
Phoenix Arizona Real Estate Blog with market commentary, statistics and other thoughts
Articles: 1, 2, 3, 4, 5, 6, 7

Articles

Warren Buffett in the New York Times
2008-10-17 16:54:00
Comes this op-ed piece from Warren Buffett , the Oracle of Omaha, the man tabbed (fairly unrealistically) by the candidates as their choice for Secretary of the Treasury. And he knows a thing or two about the stock market as well. “Be fearful when others are greedy, and be greedy when others are fearful.” Buffett, whose personal portfolio ...
More About: New York , York
Rhetorical Questions on a Thursday Night
2008-10-17 04:39:00
Today I spent six-plus hours showing homes in Arrowhead Ranch and, frankly, there’s not a lot of energy left for a long blog post. But I sure would like to find some answers to these questions rattling around my brain: 1) If the drop in the Canadian dollar can be attributed to the fall in oil ...
More About: Questions , Night , Thursday
More on the Madness of the Markets
2008-10-15 23:42:00
Today the dropped 700 points in part because of “recession fears.” So here’s the question … if whomever is deemed to be in charge of these type of pronouncements were to come out tomorrow and say, “yup, we’re officially in a recession” does that mean the economy is in any better or worse condition than it ...
More About: Markets , Madness
A Long Hot, Frustrating Evening
2008-09-21 19:02:00
We begin today’s story at Highland Lakes Elementary School for the season opener for the YMCA’s Eagles soccer team. Coaching in the YMCA is much like the enduring the trials of Sisyphus. We start anew each season with almost an entirely new roster and spend the next week pushing the boulder up the hill, trying to ...
More About: Long , Evening
Friday Afternoon Theme Music - September 19
2008-09-19 18:22:00
With hopes of a better result tomorrow night than the Sun Devils had against UNLV … You need to a flashplayer enabled browser to view this YouTube video Copyright © 2008 Phoenix Real Estate | Phoenix Homes for Sale | All Phoenix Real Estate Contact Jonathan at 602-502-9693. This Feed is for personal non-commercial use only. If you ...
More About: Music , Miscellany , Friday , Afternoon , Theme
Inspection Periods in Phoenix Real Estate
2008-09-17 19:02:00
You’ve found the house you wanted, made an offer and have had it accepted. Ready or not, welcome to your inspection period. The inspection period is a 10-day window during which all material facts are to be verified by the buyer. (Note: the timeframe is written into the Arizona Association of Real tors’ Residential Resale Purchase Contract ...
More About: Estate , Real Estate , Phoenix
Phoenix Real Estate Inventory Update - September 16
2008-09-17 00:03:00
Things keep chugging along here in the Phoenix real estate market. Inventory of single family detached homes in Maricopa County rose slightly to 36,639 while sales over the past 30 day. Sales over the preceding 30 days were down by 20 leading to a slightly increased absorption rate of 8.52 months. Bank owned inventory rose by over ...
More About: Estate , Real Estate , Update
Lessons from the Phoenix Real Estate Market
2008-09-16 03:43:00
Another weekend spent showing homes in the Phoenix real estate market and a few more lessons learned: Cigarette smoke is the gift that never leaves. If you happen to be nicotine addicted, go out on the porch. Dogs are a man’s best friend and cat urine is a seller’s worst enemy. The comps don’t lie. If you’re priced ...
More About: Estate , Real Estate , Real Estate Market , Market
How the Mainstream Media Impacts Public Behavior
2008-09-14 18:42:00
There’s no dispute that Friday’s top story was Hurricane Ike’s march toward the Texas coast and Galveston Island. And one of the top ancillary stories that came out of the hurricane coverage was a sharp increase in gas prices and the shortage of gasoline in different parts of the country. Gas prices did move in the ...
More About: Media , Public , Behavior , Mainstream Media
Running With the Wrong Crowd
2008-07-30 03:46:00
Century 21 Canada’s blog ran an article this afternoon about last week’s panel on “Tapping the Global Real Estate Market” at Inman’s Real Estate Connect Conference in San Francisco. Don Lawby, president of C21 Canada, is quoted extensively as well he should be. It’s his company’s blog, after all, and he had some common sense, down ...
More About: Running , Wrong , Crowd
Phoenix Real Estate Inventory Update: July 29
2008-07-30 00:10:00
After a second one-week hiatus, this one caused by a speaking engagement at last week’s Inman Real Estate Connect Conference in San Francisco, we’re back with our weekly market update. The high-level overview of the Phoenix real estate market was earlier today … inventory’s starting to creep up while sales have dropped slightly over the past ...
More About: Real Estate , Inventory , Update
Phoenix Real Estate Market Summer-End Slowing
2008-07-29 22:15:00
As usual, a two-parter … We’re seeing a little of the normal summer slowing in the Phoenix real estate market. Listings have crept up over the past two weeks (missed last week’s update while I was attending Inman News’ Real Estate Connect Conference) and sales of single-family detached homes have fallen below 4,000. We’re looking at 3,838 ...
More About: Real Estate , Real Estate Market , Summer
Guess Someone?s Not Having a Good Day on Phoenix?s MLS
2008-07-29 02:21:00
Today is day one on FlexMLS, which had an incredibly low bar to cross in surpassing Tempo as an MLS platform. Figuring out where everything is hasn’t exactly been easy, and the system has run slow once or twice today (to the point I was on the phone with the help desk until the problem went ...
More About: Phoenix , Good , Guess
Excerpt from Thursday?s Panel Discussion on International Buyers
2008-07-28 23:11:00
No, no Beaker this time. Here’s an actual excerpt from Thursday ’s panel on “Tapping the Global Real Estate Market” at Inman News’ Real Estate Connect in San Francisco. Glad the story was written since I’d forgotten what I said. RE/MAX Realtor Jonathan Dalton, said that when it comes to the Canadian buyer, there is a limited opportunity ...
More About: International , Panel , Discussion , Buyers
Friday Afternoon Theme Music - July 25
2008-07-25 16:57:00
After too many late-night outings, not nearly enough time with real estate blogging friends brought to life before my eyes, virtually no sleep for three days and the daunting prospect of a flight (daunting for someone who despises to fly), it’s both amazing and frightening to discover what seems absolutely funny at 7:54 a.m. This is ...
More About: Music , Miscellany , Friday , Afternoon , Theme
Tapping the Global Real Estate Market - Inman Real Estate Connect
2008-07-25 08:48:00
One of these things is not like the others … one of these things just doesn’t belong. That Sesame Street ditty easily could have been playing at the start of my panel discussion today at the Inman Real Estate Connect Conference at the Palace Hotel in San Francisco. “Tapping the Global Real Estate Market ” featured a ...
More About: Real Estate Market
The Morning After RE Barcamp
2008-07-23 16:22:00
What’s RE Barcamp ? Essentially it was the non-conference before the Inman Real Estate Conference, a place where the sessions were posted on stick notes on the wall almost akin to the course catalog from the movie Accepted. Scribble down what you want to see, and there’s your session. What I needed was a session explaning that ...
More About: Morning
Continuing Education and Actual Education
2008-07-22 17:15:00
Arizona statute mandates that all real estate agents complete 24 hours of continuing education every two years in order to keep their license active. This, of course, is woefully inadequate - a feeling only reinforced over the past week as I’ve been completing online classes to meet the requirement. It’s not a question of whether the classes ...
More About: Marketing , Education
Heading to San Francisco
2008-07-22 01:07:00
By this time tomorrow I’ll be shivering in San Francisco (forecast high: 60 degrees, only 45 degrees less than it is here) for Inman News’ Real Estate Connect Conference. I’m far from alone … maybe not so on the shivering aspect … but otherwise. This is a semi-annual gathering of some of the top real estate ...
More About: Marketing , Heading
Where to Price Your Initial Offer
2008-07-20 23:19:00
It’s the second most common question I hear, trailing only “why do you use your photo instead of letting Tobey roll solo” - “how much should I offer for this house?” In truth, there’s no one right answer. If a home already is priced at the lower end of the current market, there may be less ...
More About: Price , Offer
A Day Later and Still Reeling
2008-06-07 17:52:00
News of eight offers on a bank-owned home that just hit the Phoenix real estate market (Mesa, actually) still has me reeling today. How many of those would-be buyers actually saw the house in the one day it was on the market? How many are writing offers sight unseen, knowing they can cancel the offer after ...
It?s Almost Like 2005 All Over Again ?
2008-06-07 01:23:00
Bank owned home comes to the market in Mesa yesterday. Home is off the market this morning with eight offers submitted to the bank, including my client’s offer. Eight offers in one day? It feels like 2005. Oh, and Arizona real estate commissioner Sam Wercinski says mortgage fraud - including cash back schemes - are on the rise. ...
Friday Afternoon Theme Music: June 6
2008-06-06 20:01:00
This one’s for my mom, who would play this record (yes, kids, actual vinyl) when I was a kid growing up. I hadn’t heard it in many, many years until I bought a Jimmy Buffett album and a cover of the song was included.  Suddenly I was back on Canteloupe Avenue in Panorama City … I’ll ...
More About: Music , June , Miscellany , Friday , Afternoon
Just When You Think You Found It ?
2008-06-05 17:59:00
In the if I knew then what I know now category … I grew up in Mesa’s Dobson Ranch in a house along Guadalupe Road. When we moved into the home 30-odd years ago there was little traffic noise because the road turned to dirt a half-mile away when you reached Alma School Road and, quite ...
The Definition of Hooped
2008-06-05 04:04:00
My thanks to Diana for the title for today’s misadventure in real estate. Hooped, for those down here in the States, means something akin to … um … er … up a creek? Screwed? Certain other words that I can’t write in a family blog without incurring the wrath of my wife? I’d never heard the term ...
More About: Definition
Arizona State Softball Brings Home 1st Title
2008-06-04 06:13:00
On a warm, humid summer night in Oklahoma City (is there any other kind there?), Arizona State ’s fab five clinched the school’s first-ever NCAA softball championship. This leaves the Sun Devils seven titles behind those who shall not be named in Pima County, but give the program time. Seniors Kristen Miller, Katie Burkhart, Jackie Vasquez, Mindy ...
More About: Home , Miscellany , Title
Phoenix Real Estate Inventory Update: June 3
2008-06-03 19:10:00
By definition, an absorption rate of five to six months defines a balanced market - one where inventory is balanced by the pace of sales and neither sellers nor buyers have additional leverage in negotiations. As of this writing, there are two cities with balanced markets - Ahwatukee at 5.00 months of inventory and Maricopa with ...
More About: Estate , Real Estate , Phoenix , June , Inventory
Phoenix Real Estate Wiki
2008-06-03 01:04:00
Have you ever wanted to find definitions for terms used here on the blog or in other discussions about the Phoenix real estate market, all in one place? Introducing my Phoenix Real Estate Wiki … it’s admittedly a work in progress at the moment but will be a little better organized and fully fleshed out in ...
More About: Real Estate
Short Sales in the Phoenix MLS
2008-06-02 18:22:00
Here’s the state of short sales in the Phoenix real estate market. Intentionally search for short sales by filtering for the rules as set down by the Arizona Regional MLS and you’ll only see about 75 percent of the available listings. Comply with client requests to not be shown short sales and you’ll end up having ...
More About: Marketing , Sales , Short
How To Verify the Home You Rent is Being Foreclosed
2008-06-01 18:09:00
What can a tenant do when their owner is in foreclosure? Keeping in mind that I’m not an attorney and for full legal advice, you ought to consult an attorney, the answer is “move.” Your landlord hasn’t paid their mortgage and banks don’t work as landlords. It’s a scenario that has played out hundreds of times across ...
More About: Home , Rent , Foreclosed
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