Phoenix Housing Market As of January 2013: Our Real Estate Market Update

Summary of the Phoenix Housing Market: January 10, 2013Price per square foot in the Phoenix Real Estate MarketThe average price per square foot in the Phoenix Housing Market grew to $108, up $2 from the past month. The year over year (YOY) rise is $24 from last December 2011, while the complete growth in cost per square foot from the bottom of the market (March-April 2011) is $31.In the Phoenix Real Estate Market the first half of December was dominated by substantial sales of high-end properties while the concluding few days witnessed a growth in more affordable residences, especially with short sales. Prices consequently rose higher and stronger by the third week of December only to plummet sharply in the concluding days.Active Residential property Listings in the Phoenix Real Estate Market.The beginning of January 2013 is the 1st span in 6 months that listings in the Phoenix housing market have receded. The decline was a little over 900 listings as January began with 17,155 listings in the Phoenix MLS. The Phoenix Real Estate Market normally averaged 20,000-25,000 active home listings in the Phoenix MLS before the real estate upsurge and resulting foreclosure devastation. It will be essential to watch this number as we precede into the spring purchasing season. The number of home listings on the Phoenix housing market goes a long way in determining if we are living in a buyers market, the seller’s market or a normal market.The Phoenix Housing Market and ForeclosuresThe Phoenix Housing Market is enjoying a large increase in price per square foot thanks to the remarkable decline in foreclosure-type homes, which are typically bank owned properties and short sales. The reduction is 44% from prior December and 85% from December 2010. Property owners in the Phoenix Real Estate Market are no longer needing to contend with the unfairly low price of foreclosures.More regarding Foreclosures in the Phoenix Real Estate MarketPassages of these next 3 paragraphs were drawn From the Cromford Report, from which I am a paid subscriber and have the right to reproduce: December was truly an unpleasant period for people who have a preference for Phoenix foreclosures. Brand-new Notices of Trustee Sale for Maricopa County came in at 2,112 in total which included 1,994 for residential residences. The last time we had fewer than 2,000 residential notices in the Phoenix Housing Market in a month was May 2007.Documented Trustee Deeds totaled 1,399 of which 1,302 were residential. This is the lowest monthly amount of Trustee Deeds since November 2007 in the Phoenix Housing Market. As a sign of the times there were almost as many residential foreclosure notices canceled (1,881) as new ones filed (1,994). There were 8,758 residential notices active (i.e. pending foreclosures) as of January 1.This is 82 % below the peak level of 47,606 in December 2009. Total distressed residential inventory (active notices plus REO) stands at 14,547, down 77 % from the peak of 62,123 in February 2010. We are clearly almost at the end of the foreclosure wave in the Phoenix Real Estate Market.Phoenix Housing market: The Short-Term PredictionWe recently wrote on how the ongoing price per square foot trend for residences under a purchase contract can accurately forecast the cost per square foot for houses sold 4 to 8 weeks into the future. The price for pending sales leveled out in December so we are able to anticipate the sales price per square foot to level out in January. Prices are going higher to begin January 2013 so we may forecast price per square foot in February to continue upwards.Our complete and updated market summaries can be found on our blog under Phoenix Housing Tracker

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Explore Three Online Business Tips That Will Help You Succeed

I don’t envy new internet entrepreneurs looking to make money online. There are so many business opportunities it is overwhelming which system to select. However, after careful consideration you have finally decided on a business system and you are ready to get started. Where do you begin? Let’s take a look at three online business tips that have their roots in Corporate America, but are relevant to online businesses.Many times online business opportunities are not viewed and managed like a corporation, and for good reason. Unreasonable deadlines, greed, unruly bosses, and long hours are reasons for the mass exodus from Corporate America to the green pastures of online businesses.While Corporate America is inherently flawed, there are a few online business tips that can have a significant impact on the success of your home based business. When constructing your online business don’t overlook these important tenants, usually reserved for Corporate America. You will be surprised at how powerful these three business elements can be.Business Tip #1: LeadershipA determining factor in the success of your home based business is leadership. When starting out, you are not going to have all of the answers right away. That is why it’s critical to surround yourself with industry leaders that can help guide your business. Make sure you listen, read, and follow influential leaders within the online marketing community that are currently getting the results you desire. These leaders are people that are going to help mold you into a successful leader who will create the necessary results that are essential for your business’s growth.Business Tip #2: Mission StatementMost likely your internet business is going to be just you; however it’s still important to have a well groomed mission statement that invokes inspiration. You want people to be attracted to you and your business and a mission statement is a great way to build your online brand. It’s an extension of your beliefs and needs to resonate with people. An effectively communicated mission statement helps you stay in the forefront of your customers mind and creates your business identity.Business Tip #3: CollaborationThe competition in today’s business world is fierce. That is why it’s essential to partner with key subject matter experts. You can learn a lot from people within a team environment. That’s why it is critical to align yourself with other online entrepreneurs. Together you can learn what people within the industry are doing to get results. Join network marketing groups, listen to podcasts, participate in events, and attend live webinars. This type of collaboration will foster new ideas and spawn business growth.Whether you are an industry veteran or new to the online marketing world make sure you carefully consider integrating these three elements into your online business. While these three online business tips are deeply rooted in Corporate America, you may find them beneficial to the success of your online business.

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Questions to Ask a Potential Business Telecommunications Company

As your business grows, you may need to consider an upgrade in your office telecommunications system. Whether you deal with clients on a local level or conduct business with other companies on the other side of the country, you need quality connectivity during peak work hours, as well as the ability to communicate with others when emergencies arrive. When you meet with potential telecommunications companies that work with B2B companies and provide everything from Internet access to VOIP phone systems, be prepared to thoroughly examine what the business offers you.How do you find the ideal telecommunications company? Ask the questions most pertinent to your line of work, and compare potential firms. Just a few questions that may come to mind include:1) Which brands of phone systems do you offer? You may not mind if your equipment comes from Samsung or Toshiba or any number of popular brands, but if the company you interview is an authorized dealer of a specific brand it is good to know how knowledgeable the technicians and sales representatives are of the equipment they want to install.2) Are phone and Internet offered in packages? Typically telecommunications bundle all aspects of office connectivity, and you should confirm what is available and suitable for the scope of your business. You may not require a server in your office beyond what is needed to run the Internet, so it’s important that a sales representative doesn’t convince you to buy features you do not need.3) How many phone lines can be set up? Do you need five, fifteen, or fifty separate phones lines for your office? Find out if extra charges are applied as you add on multi-lines.4) What mobile options are available? For companies that rely upon mobile communication to reach workers in the field, you may require unique features — applications that forward voice mail messages to e-mail, for example. Ask the potential provider what is unique about their services that would convince you to hire them.5) How are emergencies handled? Telecommunications companies often offer emergency services, but how is a blackout at your office handled? How quickly does the company respond, and how much is charged to get you back online?It is also helpful to ask colleagues and other businesses close to you which company they use. With the information you gain from meeting with potential telephony businesses and other referrals, you should be able to make a uniformed decision about the phone and Internet system you will use.

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