Our source has given us our February  Phoenix Metro sales Preview, and we’re detecting a theme here- sales down, inventory up. ALL MLS Sales-                    4,914Under Contract-    7,599Active Listings-   45,981 According to MLS figures, this would be the slowest February since 2002′s number of 4403, for a 24% decrease year-over-year.  Last February was already off 2005 peak levels. February Sales Numbers Year Sales 2002 4403 2003 5493 2004 6196 2005 7781 2006 6469 Sales are up 26% from last month’s preview number of 3895.  However, there is always an increase in sales from January to February due to the cyclical…
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Doomers will remember this January 28th post when Admin and I expressed concern at the discovery that HP computers from a failed subprimer storefront operation were scheduled for disposal at auction (on Craigslist, yet) with no effort being made to wipe the disks. Well, it’s a month later and the situation seems to be escalating. A report [1] coming out of Las Vegas earlier this week suggests that disgruntled employees at distressed subprime lender Silver State Mortgage may actually be stealing computers from the company. Should this indeed be the case, this is potentially much more serious than the auction,…
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