And so it begins with the bailout...

I read this article on the first round of bailout money. While this is a disappointment to hear that Arizona banks (one of the hardest hit real estate markets) were overlooked, it reminds me that we need to embrace tracking this information and participating in the legislative process to make our concerns known.

Long Term Vision is Key

It's the new year. I found an article Arizona's Future Economy that is both realistic and constructive! Here's is the idea....think ahead 20 years and build sound economic clusters (i.e. biotech, energy, etc.). Don't try to legislate quick fixes. The research triangle in North Carolina provides a good example of what works. Let's do this together! - John Hancock

Where is the Real Bottom?

We have an excellent local research and analysis resource at the W.P. Carey School @ Arizona State University. This article on The Drop is Phoenix Real Estate is a realistic analysis based on comparing what is happening now with what happened during the last downturn. One interesting point is that the bottom can be predicted based on the "zeroing out" of the RATE of decline. We are now at that point. The lesson? Great Time to Buy during 2009.

- John Hancock