Phoenix Home Market Update - July 2005

If you read the newspapers, you will see many articles on the state and future of the Phoenix home market.

Everything from "it's going to bust" to "we are still going up" can be found in local and national newspaper articles.

Here is a summary from an article in the Sunday Edition of the Arizona Republic newspaper from July 24, 2005

One of the questions asked to a panel of experts was "What do you predict will happen to the [Phoenix] housing market in the next four to six months?"

Here are some of the answers:

"The market will stay very strong over the next four to six months, and then we anticipate a moderation of price increases in new and resale homes, but not a dramatic change in velocity."
RL Brown - publisher of The Phoenix Housing Market Letter

"For four to six months I see no major changes from the current pace. In the next year to 18 months I see home price inflation dropping to half of today's rate [3% - 5% per month].
Eric Brown - President of Engle Homes division.

"My perception is the market will mirror the past two to three years of growth"
Scott Peterson - President of Element Homes

The entire article can be accessed at www.azcentral.com. Search for "Bubble Trouble" in the search box. You may have to go to the archives if you access the article after Aug 1st.

Richard

Richard Haworth

Moving Costs Scam

Rick DeBruhl of Phoenix Channel 12 "Call 12 For Action" wrote recently in the Arizona Republic of moving company scams where they contract to move your household furniture for a certain price but demand more money before releasing your furniture because "your load was heavier than estimated".

To avoid this unpleasant situation from costing you money you can get a "Binding Estimate" from the moving company beforehand which should keep them from charging you more than the contract estimated price and prevent them from holding your furniture hostage.

Another source of potential help is the Arizona Department of Weights and Measures. They can be found on the State of Arizona web site under departments. If requested, they can send their representative when the mover arrives at your new home, require that the movers weigh the truck before and after your furniture is unloaded and not charge you more than they are actually owed for any extra weight.

Look, movers do their own estimate of your furniture's weight. They are supposedly professionals and should, as professionals, know how to do a valid estimate (or at least tell you that there might be an overage at the other end).

You have a right to expect your movers to be professionals and provide a service free of surprises.

Richard

Welcome to my Real Estate blog

I have designed this blog site to provide up to date real estate news and developments about the greater Phoenix area.

For some time I have wanted to find a way to provide my clients and friends with real estate news and developments that were not confined to a monthly newsletter and limited space.

Here you will be able to see a variety of articles and news about the fast-paced Phoenix area real estate market on your schedule. Check it as often as you like for late-breaking news and developments.

The archives here will let you revisit earlier posts whenever you need the information. So, it should develop into a repository of useful information on many aspects of buying and selling real estate.

I hope you find it useful.

Richard

Richard Haworth
Coldwell Banker Success Realty
602-370-1450 cell
www.freephoenixhomeinfo.com