2009 Financial Forum "the new reality"

I'm attending this later today in Scottsdale...will tell you all about it.  Basically a commentary of what has transpired on Wall St. that has led to the mess we're in today and the outlook for real estate at this time...stay tuned

An Observation of the greater Phoenix housing market

Whoa! Is this a coincidence or a new trend.  Today as I was searching through the ARMLS (Maricopa County, greater Phoenix housing) I came across two new listings in two different parts of town that were not flip, short sale or REO but good old fashioned traditional equity sales (I checked tax records).  Just yesterday we got the news we're down to 3.33 mnths of inventory in the valley based on the active listings in the MLS but now I have to ask, is this a coincidence or a trend?  I'd love to hear your thoughts and opinions on this.

Uzi Husain

inventory is low???

I just read our inventory in Maricopa county is now at 3.33 months - this is terrific news and a sign of recovery - we don't know what the crystal ball has in store for us next but we'll take all positive news as it comes - if you've been thinking about selling your home or investment property whether as a traditional equity sale or a shortsale now is the time to consult with your favorite realtor.

Twitter Twitter

In the past few weeks I've had several occassions where I've called on the availability of a listing and received a text message back from the listing agent. I'm cool with that. I like my iphone and I enjoy texting. Then twice in the last 3 weeks I've had a scenario where from availability to offer to counter offer acceptance the entire transaction was done via email and I never got to speak to the listing agent even once! Now I love gadgets (told you i'd be stir crazy if I ever lost my iphone) and techonology, damn it I own a technology company for heavens sake but yet I find that some times in business you need to have a good old phone conversation as well - hey it worked for years didn't it? Well, so i'm wondering what's next - are we ready to discuss availability on properties and negotiate offers via twitter? If so follow me on
https://twitter.com/uziHusain and while you're at it and if you're uber cool then look me up on facebook, I might just add you as a friend!
Happy Friday folks
Uzi Husain, REALTOR