Investors to Thank? I’m considering our Arizona extremes which is easy to do when there’s an excessive heat warning today (Friday the 14th). Are these the dog days of August yet? I do believe so. And what are “dog days” anyway? According…
If you recently obtained a new mortgage or refinanced your existing one, there’s a pretty good chance that you got a terrific interest rate but were less than thrilled with the paperwork experience. This would be especially true if you were a…
When Losing Means Winning I met Pam (an alias) at a home listing I was holding open about three years ago in North Scottsdale. Pam liked the home but it wasn’t the one for her. She lived in SoCal and for the…
Sales Climbing + Prices Rising + Inventory Sliding = Buyer and Seller Gulf Widening June Sales Report The Phoenix Metro communities continue a solid and progressive home sales trend that on the one hand places us in the enviable position nationally of…
Design Trends for 2015 – You’ll Be Floored! Home remodeling is making a comeback. Is it in full swing? Not yet, although companies like Home Depot and Lowes would have a better grip on that than I would. As the economy appears…
July 1st MARKET REPORT – IN A WORD; BORING! The 8,721 closed listings in June were the highest since May of 2013. Overall market demand remains normal, but again, diminishing listings remain the story. Experts, including Michael Orr of ASU/Cromford report indicate…
The Vanishing Act of Entry Level Affordability The single family listing supply under the $200,000 price point has been consistently shrinking since 2010 and has dipped below the level of sales for the past two months with June potentially following suit. For…
ARE MILLENIALS MAKING THEIR MOVE? It was bound to happen and now it’s beginning. Millennial buyers are starting to move into the market in earnest. This is good news for our overall market for a number of reasons. But first, an expert’s…
Not Good News for Entry Level Buyers With one exception, all 17 of the largest cities in the Phoenix Metropolitan area are currently experiencing a “balanced” or “Seller’s” market. This is according to the Cromford Market Index (CMI). This is not good…
When Highest Isn’t Best I’ve got this terrific income property (multi-residential) newly listed that includes four 2 BR Duplexes (8 units) in Phoenix with solid monthly income of $4800 and a Cap Rate of near 8%. The owner, unlike many landlords, has…