Paradise Valley Foothills Home

Magnificent home with Old World Charm. Luxuriously upgraded kitchen features Brazilian granite,wood ceiling & French doors. S/S top of the line appliances.

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Furnished executive home with casita

Beautiful furnished 3 bed plus den, highly upgraded executive home with casita in sought after Aviano at Desert Ridge.

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Mortgage Updates (PDF)
Week August 30, 2010

State of the Market Report (PDF)
Brown Newsletter August 2010

August 30, 2010. You can't sugar-coat last week's housing reports, but they don't necessarily foretell a "double-dip" recession in real estate. July Existing Homes Sales were off 27.2%, at an annual rate of 3.83 million, well below the expected 4.65 million rate. The months' supply went from 8.9 to 12.5 and there was also a rise in inventories. The truth is, the expectation was a bit high.

An annual rate below 4 million for July makes sense, given that the home buyer tax credit was slated to end in June.Getting an $8,000 check from the government certainly encouraged lots of people to move up their purchases. For the same reason, experts also predict weak August numbers, but after that, some feel existing home sales will start heading back to about 5.5 million units annually. For the year, inventories are down 2.0%, while the median price is UP 0.7%.  Read more...