Sun City AZ was Del Webb’s first and premier age qualified community.  Mr. Webb envisioned a community dedicated to the wants and needs of persons who were retired, or soon to retire. He knew these buyers were active and wanted to remain so.
Sun City was built with a recreation center, (now 7) a golf course, [...]

When you google something like “homes for sale in…” or “real estate agents in…” you will find the first several pages of hits are probably not agents or brokers actually working in the area you are interested in.
Who are they? Aggregators, companies that specialize in capturing your contact information and selling it to agents for [...]

People trying to sell a home today ask me, “Why do I have to sell such a low price”?
The answer is at once simple and complex. The Phoenix AZ market is currently driven by the lenders selling foreclosed properties. In addition, there are many people who face foreclosure. Currently there are over 40,000 notices of [...]

Pending home sales are up 7% nationwide.
Credit Suisse reports real estate buyer activity is up 20-28% in the Phoenix market. Much of the activity is first-time buyers and investors. I have said often it is the first-time buyer who will lead the way and get us out of this recession.
Investors are paying CASH. It is [...]

A few pieces of good news for the day.

The Home Affordability Index is the best it has been in the 18 years of its existence. 73% of homes for sale were affordable by the median  income family($64,000 as of this writing)
Mortgages were still artificially low, subsidized by the Federal Reserve. This can’t go on forever [...]

The real estate market in Sun City is showing mixed signs of recovery. We have 770 active listings and 123 listings were sold in April. This results in 6.26 months of inventory. This 6.26 months of inventory (absorption rate) is very significant. An absorption rate of 6 is considered to be a balanced market. More than [...]