After months of declines, home sales up

Did you see the article?  It was on the frontpage Tuesday morning.  Catherine Reagor quoted Mr. Jim Sexton. 

“We are still bumping along the bottom, but the Valley’s housing market is starting to gain some traction,” said Jim Sexton, president of Phoenix-based real-estate firm John Hall & Associates. “Sellers are getting more motivated. Prices are coming down, and there’s a lot of activity from first-time home buyers again.”

This entry was posted on March 25, 2008 at 8:22 am and is filed under Arizona, Arizona Republic, John Hall and Associates, Publications, Real Estate. Tagged: , , . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “After months of declines, home sales up”

  1. Dru Bloomfield Says:
    March 28, 2008 at 11:03 am

    One of the additional points, related to this article, that Jim shared with us at the PV Office meeting was that the housing recovery will “appear” to take longer is due to the number of vacant homes on the market, somewhere in the range of 40-50% depending on the area. Jim said that these vacancies will result in more single sales, as opposed to previous markets where a seller was selling one home and buying another, resulting in two sales.

  2. Big weekend for Jim Sexton « John Hall & Associates Says:
    April 28, 2008 at 11:36 am

    [...] Catherine Reagor.  Mr. Sexton and Ms. Reagor spoke on the phone about a month ago and Jim was initially quoted in an article that soon followed.  Then Ms. Reagor unbeknownst to us stored some of Jim’s [...]

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