This is the fastest change that I have ever seen. Good up to date stastics to verify my assumption.

Click here to see a video of “You missed the market in Phoenix”

You Missed the Buyer’s Market in Phoenix is a post from: George Brunton Team

My next post will give you some really current information the title of the article is “You missed the market in Phoenix!”

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Old information is dangerous information is a post from: George Brunton Team

There has only been one of my buyers who was able to purchase a property with only one offer. All the others have found that easy pickings are not as easy and better get there first. I have one client who has put in 8 offers at or above list price. This buyer has great credit, cash for a hefty down payment and a short list of desired options. But my client is still looking for a home.

Every agent I speak with is reporting similar buying challenges.

I won’t bother to write why I think this has happened. I just want to warn prospective buyers. Get ready to work for a great deal. The sellers are watching their properties move.

What happened to the Buyer’s market in Phoenix is a post from: George Brunton Team

Fannie Plans Rules To Avoid Practice Described as Fraud
By NICK TIMIRAOS
June 11, 2008; Page A3

Next month, Michelle Augustine plans to walk away from her four-bedroom house in a Sacramento, Calif., subdivision and let the property fall into foreclosure. But before doing so, she hopes to lock in the purchase of another home nearby.

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Some Buy a New Home to Bail on the Old is a post from: George Brunton Team

The class was an introduction to an exciting program called “Home from Work.” HUD (U.S. Department of Housing and Urban Development) originally developed the program and the NAR (National Association of Realtors) has partnered with HUD to get the information to employers. It is an outreach program to bring current accurate information into the work place. Three huge issues are addressed.

* First time homebuyers – programs, advantages, the process, credit, qualifying, etc.
* Foreclosure and financial services designed to help with hardship situations.
* Employer involvement to the extent an employer will see benefit and assist their employees.

The program can be brought directly to the employees in the form of a workshop with one-on-one counseling to follow up.

It looks to be a great program that brings together non-profit organizations, Realtors®, employers and employees. A real win – win – win – win situation.

Home from Work Program is a post from: George Brunton Team

By Les Christie, CNNMoney.com staff writer
Last Updated: May 28, 2008: 11:16 AM EDT
Lenders foot the bill for abandoned homes
Housing rescue on the rise; so are foreclosures
Banks miss an easy housing fix
Home sales rise – still near 17-year low

NEW YORK (CNNMoney.com) — Banks say they want to help troubled homeowners, but they are delaying deals that could save everyone – including the lenders themselves – a lot of time and money.

http://money.cnn.com/2008/05/28/real_estate/short_sales_long_waits/index.htm?postversion=2008052811

Banks miss an easy housing fix is a post from: George Brunton Team

I was back there again today and was amazed at some of the great stuff these folks have compiled. Using their information and by adding in costs and inflation, I came up with the realization that the money I put in mutual funds in 1997 has generated NO wealth for me in more than ten years!

I admit that some of the information at their site is a little deep. But they have some great graphs that help a lot. One place I looked today was the volatility of the market and another great chart was “Interest rates and inflation.” Now that was an eye opener!

Most of us think we are so busy that we don’t have time to do any research. We don’t pay any real attention to our IRA or 401k. We think that the professionals are doing a better job than we can. We just glance at the numbers when we get in our quarterly report. Most of us don’t know where to start even if we were interested. That is one of the reasons I have this blog. If I find something I want to share it.

While you are watching “Dancing with the stars,” go to Crestmont – http://www.crestmontresearch.com/ and have a look around during the commercials. As an older person I want to make sure I put my money where it is safe and work HARD for ME!

Cheryl moved her retirement funds into cash last November. She is just getting back into mutual funds and missed a 25% drop in the value of her nest egg. The real estate market has some exciting places where I can meet and exceed my financial needs. I feel this is the most exciting time to invest in the last 30 years. “Buy low sell high!”

Here is a great place for great financial information is a post from: George Brunton Team

Top officials with the National Association of Realtors and Standard & Poor’s, which issues the S&P/Case-Shiller Home Price Index, agreed this week their monthly reports are giving imprecise readings of price changes at all levels — national, state and regional — due to rare market conditions that are skewing survey results.

MarketWatch Ariticle

Home-price data has its flaws is a post from: George Brunton Team

Oil hit another record high but has since pulled back. The dollar has finally started to show some signs of life. And for the most part, corporate earnings were – as Larry David would say – pretty pretty good.

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Why the worst may be over is a post from: George Brunton Team

Last update: 7:41 p.m. EDT April 15, 2008

While many average Americans are skittish about the housing market, some of the country’s richest citizens see the current conditions as perfect for buying, according to the Annual Survey of Affluence and Wealth in America, released on Tuesday by the American Express Publishing Corp. and Harrison Group, a market research and consulting firm.

Seventy-seven percent of the wealthiest people surveyed think real estate presents a “real opportunity” right now. In the survey, “wealthy” meant having discretionary household income of more than $500,000 a year.

And these high-income earners are putting their money where their mouths are:
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Sunny side of the street is a post from: George Brunton Team