James Wexler's Blog - Scottsdale | Phoenix Real estate

Phoenix, Arizona real estate has fallen from its lofty heights of 2005. Prices have fallen nearly 30% for most areas of greater Phoenix, except Scottsdale, Paradise Valley and Fountain Hills which have fallen about 10-15%. Earlier this year, the first major investment bank, Bear Stearns was appro...

In Arizona, especially the Greater Phoenix area and in towns like Peoria, Glendale and Mesa, short sales are often as prevalent as regular resale listings. In almost every city (with the possible exceptions of Paradise Valley and North Scottsdale) there are short sales and foreclosed homes on eve...

We all know that it has been a difficult time for Phoenix Real estate. Homeownerts from Mesa to Scottsdale to Peoria are having a difficult time selling homes. As a result, values of homes in Phoenix area have dropped as much as 30%. To make matters more difficult for Phoenix area homeowners the ...

Yesterday, the stock market dropped more than 300 points. Then it was up 200 points. Over the last 3 years, Phoenix area home prices have dropped more than 30% in most areas of Phoenix, Mesa, Chandler, Gilbert and parts of the east valley including Scottsdale, North Scottsdale, Carefree and Parad...

Those of you who read my blog about Phoenix, Scottsdale Real Estate and new home builders and new home communities in Peoria, North Scottsdale and Glendale know that I have been opposed to the bailout in its current form. I do think Congress has been working hard to get a plan that will take a ma...

What's a GEO you ask??? will its my made up word to replace REO (bank owned real estate) to GEO or government owned real estate, and GEO 's, will be coming to the Phoenix , Scottsdale area real estate near you. Phoenix, Arizona saw massive residential construction from 2001-2005. The staggering g...

We are not there yet. But, we are closer than you might think. The Treasury Department , working around the clock to save the day. Only if they had a cape and a phone booth_ The need to stop housing price declines which seem to be accelerating to stave off a deep recession. Just hours ago, the Tr...

Welcome to part III of my series on Luxury Urban Condo Living in Phoenix, AZ . The last 2 days we spoke about the amazing development of the towns around Phoenix. In Particular the development of downtown Scottsdale also know as Old Town Scottsdale as an urban center with a new contemporary lifes...

The monsoon season has just passed and left record amounts of rain in Phoenix from Mesa, to Peoria to Scottsdale. With so many vacant, bank owned (REO) homes in greater Phoenix, water damage is all too often a result and a problem.  If the water damage is not immediately treated mold can grow. If...

The Arizona Legislature just passed a number of new laws that impact the Arizona real estate industry and mortgage lending profession. These changes include SB 1491 - Affidavit of Disclosure and Subdivisions - amends Arizona real estate statutes for violation of subdivision laws HB 2842 - Transfe...