Mark's parents were in town, so I didn't have time to post until now. It was a great visit, although very quick. They graciously (hah, they're grandparents--it was eagerly) took care of the Drew Monster yesterday and today so Mark and I could get a ton of packing done. Andrew's room and closet are fully packed up except for the furniture and the stuff we're keeping out for easy use. The hall closet is good to go. All the knick knacks are packed away. It was a great start to the whole move out process. Plus, we got some really good news that a lot of builders in the newer Phoenix suburbs overbuilt recently expecting a lot more buyers that haven't materialized yet. They're hacking and slashing the prices (up to $50K) and tossing in all sorts of goodies to entice folks like us. Mark and I are drooling at the prospect of getting a brand new home for less than what we had anticipated spending on a used home. If the market stays like this, we may end up buying a house very shortly after arriving in AZ.
Things really haven't stopped clicking around here. It's a good feeling.
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3 comments:
congrats for you. By the by, how's the writing coming along?
The writing has dwindled to a once-a-week thing while we pack up and move. And I had to switch to a short story idea so I didn't feel like I was stalled out every time I sat down to write (my main WIP is in the middle, my hardest part to write).
http://www.frbsf.org/news/speeches/2006/1016.html
According to some of our contacts elsewhere in this Federal Reserve District, data like these are actually "behind the curve," and they're willing to bet that things will get worse before they get better. For example, a major home builder has told me that the share of unsold homes has topped 80 percent in some of the new subdivisions around Phoenix and Las Vegas, which he labeled the new "ghost towns" of the West. Though the situation isn't that bad everywhere, a significant buildup of home inventory implies that permits and starts may continue to fall and the market may not recover for several years. While builders remain hesitant to cut prices so far, and instead offer sales incentives, price cuts at some point in the future seem almost inevitable.
But before you settle on a new home, remember the locations for the older housing were chosen first for reasons that may still apply.
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