Multiple Bids Are Getting Rare In Arizona

Bloomberg reports on Arizona. "Rick Cartagena moved his family of five in 2010 from San Francisco, one of the most expensive markets in the country, to Phoenix, where he expected lower home prices to give him a shot at owning. He wasn’t prepared for the competition. Phoenix was one of the first...
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You Can Defy Father Time Forever These Days

The News & Observer reports from North Carolina. "The Triangle housing market continued to follow a familiar pattern in November, with sales increasing by double-digits while the number of homes on the market kept falling. Ed Willer, a broker in Raleigh, said he’s seeing lots of activity up to...
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Getting The Message Perfectly Clear

Readers suggested a topic on used house salespeople. "I’d love to see a 'self proclaimed realtor posting' index for this blog. I know some folks like to accuse people of being realtors, but there are plenty that gladly offer it up. The index would be for the number of distinct self-proclaimed...
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Motivated By Dreams Of Real Estate Prosperity

It's Friday desk clearing time for this blogger. "I love it...Many so-called 'experts' are now worrying about a property bubble here in the U.S. History says our opportunity in housing is still great. And all this bubble talk is way overblown. The thought of a property bubble today in the U.S. just...
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Operating On A Herd Mentality

WMFE reports on Florida. "The rebound of Orlando's housing market is expected to continue in 2014 but at a slower rate. Florida realtors say that's a good thing. Florida Realtors Chief Economist John Tuccillo estimates nearly half of sales are cash sales, about the same as the rest of the state. He...
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The Repercussions Of Artificially Inflated Prices

The Los Angeles Daily News reports from California. "Home sales fell across Southern California in November as investor activity continued drying up and buyers struggled with higher prices. Last month, sales of new and previously owned homes and condominiums across the six-county region fell 10...
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Investors Faced With Prices They Helped Create

Fox 13 reports on Utah. "Real Estate Researcher Zillow predicts Salt Lake City will be the hottest housing market nationwide in 2014. 'I think there’s a lot of accuracy in the report,' said Dave Frederickson, who is the president of the Salt Lake Board of Realtors. 'There’s a lot of jobs coming and...
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Creating False Scarcity

CBC News reports from Canada. "Real estate prices in Canada are the most overvalued in the world, according to a new study from Deutsche Bank, which estimates homes in the country are valued 60 per cent too high. Would-be home buyer Alireza Anvari has been looking for a place for years, and is now...
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