James Wexler's Blog - Scottsdale | Phoenix Real estate

This slight variation of Shakespeare’s famous line from Hamlet is the question I am hearing from as they buyers ponder and weigh-in on when it comes to that big decision to purchase real estate. Here are 4 things to consider whether now is the right time for you to buy a home here in Greater Phoe...

Down Payment requirements are the problem.Yes, we need to stop foreclosure. However, no mater how low prices get, most people cannot buy due to the lack of cash on hand and/or willingness to part with it. This news paints a picture why banks will simply not lend money to (virtually) anyone withou...

I guess someone is listening. Or, at least, someone is reading my Phoenix AZ real estate and Scottsdale AZ real estate blog. Ok, Ok, maybe I am being a little overzealous with my readers. However, to make myself feel better, I will take credit for the following. Recently, I wrote a story disputin...

RL BROWN , the Maricopa County, Real Estate Expert shared the following information about the new home market and new home builders in a recent letter DR Horton captures the #1 spot for unit volume in 2008. 3,607 units were closed. Pulte was second with 3,238. Both builders were aggressive in mar...

I am confused. That in itself is not surprising. However, today it is more than ever. I get news headlines on my phone (yes, more distraction from my family ) and today we had what I thought were good news headlines. Yet, when I turned on my computer, the stock market was down 200 points.   U.S. ...

NEW HOME CLOSINGS - Dec 08 Sales for Month 1,361 Same Month Last Year 3,458 Percent Change -60.64% Year to Date Closings20,547 Year to Date Last Year 38,308 Percent Change -46.36%   PERMITS Permits for Month 365 Same Month Last Year 1,312 Percent Change -72.18% Year to Date Permits 12,582 Year to...

The RL Brown report for January has been released. Following are the highlights:   RL Brown starts his report by lamenting that for years to come we will all tell tales of 2008.It’s a year that pales in comparison to those of us around in the RTC days. He reports that at last count 110 homebuilde...

I wrote a post earlier about the problem with the real estate market. That the banks refuse to lend. I firmly believe that until prices stabilize there will be no new money. Here is an example of a personal story that paints a picture of the problem. A hard working couple was pre-approved to buy ...

Recently, there has been loud complaints of the accelerated price decline of Phoenix AZ real estate. Although opinion differ what is the problem, no one can deny that there are several problems contributing. Experts point towards mounting inventory of Phoenix AZ homes for sale, rising unemploymen...

How are preforeclosure sales and deed-in-lieu of foreclosure actions identified on a credit report?   Because there is no standard reporting for a preforeclosure sale or deed-in-lieu, the lender is responsible for reviewing the credit report, loan application, and any other information supplied ...