01-16-2010
Resale Sales Analysis     The November ARMLS1 Reports reported sales of 7,494, which is a decrease of 627 from October.  On a seasonally adjusted basis sales were up 3,077 from November 2008.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales Patte ...
01-13-2010
Tax consequences from short sales - Debt forgiveness on loans used to purchase homes is generally not taxable income.  Under the Debt Forgiveness Act of 2007, any debt forgiveness on a loan used to purchase a principal residence is not taxable income.  Therefore, if the short sale has been ...
01-09-2010
<!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released November ARMLS1 resale sales reports is $130,000, up $2,000 from the October reports.  The Average Price increased from $170,100 to $174,900.  The graph below displays both th ...
01-08-2010
Phoenix Market Shows Signs of Life - A total of 8,544 new and resale houses and condos closed escrow in the combined Maricopa-Pinal counties metropolitan area in November, down 6.7% from October but up 62.0% from a year ago, according to DataQuick.  The month’s total was the highest numbe ...
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My Family I would like to introduce myself. It is very important to know with whom you are working when you are undertaking a major financial decision such as purchasing, selling or renting real estate property.

My name is Leonid Gorodishter, and I am and have been a Licensed Real Estate Agent in state of Arizona since 1994. During this time I have been involved in more than 300 property transactions.

Prior to Real Estate, my education included a Bachelor and Masters Degree in both electrical and civil engineering. I also possess degrees in computer engineering and economics.

In my spare time I tried to educate myself in investing in the stock and real estate markets, both of which I continue doing.

I own multiple rental properties of my own and I have been involved in buying hundreds of properties for clients over the years. In addition, I have extensive knowledge in Income Tax law and preparation specifically related to the Businesses and Rental properties.

All those experiences brought me to the Real estate business that I started as a part time job when I worked as computer engineer after relocating from the New York area to Arizona in 1993. Currently I am a full time Real Estate agent and no longer have time for programming.

I understand that it is easy to find a Real Estate agent, however, my knowledge and understanding of the Economy, Banking systems, Investment, the ability to work by hand as well as my engineering experience makes me unique in my field.

Above all else, I would like to encourage my previous and future clients to LEARN about any subject and not completely trust anybody including me. Only you have to make the final decision and it is your responsibility to research and educate yourself to your fullest potential!!!

Date
Stat Name10-31-200911-30-200912-31-200901-31-2010TrendTrend
Outlook
Houses for Sale25653261582649927409UP- Show Graph
Total Under Contract16254150451371015138UPNeutral Show Graph
Vacant Houses for Sale11986124501307513176UP- Show Graph
Avg new active Houses per day358360352408UP- Show Graph
Avg Sold per day228230215161DOWN- Show Graph
Bank Owned Houses for Sale10779112521189212386UP- Show Graph
Avg Bank Owned Houses Sold per day147136144107DOWN- Show Graph
Avg Under Contract per day436470472515UP+ Show Graph

Dow Intraday
Nasdaq Intraday
30-yr Bond Intraday
SymbolLastChange
Dow Jones Industr9908.39-103.84
NASDAQ Composite2126.05-15.07
S&P 500 INDEX,RTH1066.18-0.01
CBOE Interest Rat3.592+0.46


ItemTrendProbability
House Price (short term - Up to 1 Year) Neutral High
Rental Rate Neutral High
Real Estate Mood Neutral High
Stock Market UP Up High
Short Term Interest Rate Neutral High
Long Term Interest Rate UP Up High
House Price (long term - more than 1 Year) UP Up High
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