Valley Renters Still Losing Ground Rents Rise 7%+ for Past Three Years According to Michael Orr of the Cromford Report, the average closed lease rate for all Phoenix Metro areas and home types within the Arizona Regional MLS (ARMLS) is 85.1 cents…
Back in 2011-12, Phoenix Metro real estate market values had bottomed out, though no one was a hundred percent sure at the time if it was indeed the bottom. As Realtors working during this difficult and trying time, we were seeing many…
Buyers and Sellers Markets These days, the best buys are as much priced based as geographically based. If we divide the single family luxury home market into 3 price ranges, we can get a good picture of buyers and sellers markets: $500,000…
Well, it was probably a safe bet that ex-President Clinton (aka Bubba) and Attorney General Loretta Lynch were not discussing Arizona’s real estate bubble (run up in home values just before it pops) while they met on Sky Harbor’s tarmac one week…
Marketing Time Makes a Difference “We can always come down,” says the confident seller. This is a true statement, but there can sometimes be unintended consequences that can have a serious impact to the overall goal of selling a home for the…
In over 40 years of selling residential real estate, I think that I’ve pretty much seen it all. And then, a new listing comes up where I realize, I was dead wrong. This happened to me just this last Friday. I’ll just…
A recent article from Realtor.com, our national trade organization, revealed that Americans love their pets, and especially their dogs, and even more so their dogs in Scottsdale, Arizona. Scottsdale was named one of the top ten (4th place) cities in the country…
The current statewide real estate agent numbers are in. And based on the swelling ranks of folks getting into our industry, business must be good! We now total just over 30,000 compared with 28,000+ one year ago. If you or someone you…
REALTORS AMASS IN NUMBER AND DECREASE IN AGE IS THIS GOOD OR BAD FOR YOU THE CONSUMER? When I arrived on the real estate scene in 1976 in Truckee, California, I was a mere 22 years old. I knew nothing about real…
Yet There’s Hope! A thought provoking article (at least to me) showed up in the Wall Street Journal today; “Homeownership Elusive for Adults Without Degrees.” Research that was recently released from “Apartment List,” a rental listing website indicated that home ownership rates…