Thoughts about NAR Stats

The largest sales gain during the third quarter was in Arizona, up 28.3 percent from the second quarter, followed by California which rose 28.1 percent and Nevada, up 26.2 percent.-From NAR Friday

We are not in a market crisis anymore. Granted 38% of our home sales are from distressed or bank-owned properties but our home prices in certain zip codes and price points are stabilizing.

If you attended my presentation at Glendale Community College you heard me say that a market correction is a good thing. On my radio show almost 5 years ago I predicted that the mortgage meltdown would be more devastating and widespread than any real estate value bubble. Here is why I feel we needed this value correction in a nutshell because I need to leave for a lunch meeting: as a service-driven economy our median income was not in line with our median home price...not even close and a 9% drop in value just starts to correct that disparity. I will expound on this idea later, I just wanted to through this out to all my twitter peeps (HeatherWags if you want to follow) and website followers in addition to all of the loyal blog fans www.hqrealestateandinvestment.com .

Ciao for NOW!!!

GCC Spealing event tonight

I am so excitied to have been asked back to Glendale Community College to speak again. Tonight the topic is financial education and you all know from following this blog that is my priority. For some reason the other postings have not shown according to some of you who subscribe so we are looking in to that right now. You may attend tonight's event at 59th Avenue and Olive, 7p.m.