Five Reasons Why 2017 is almost history. For the Phoenix Metro area, it was, by most accounts, another consecutive, solid, and successful year for residential real estate. Can 2018 match 2017? Yes. And more! There are a number of “solid” reasons why…
In most parts of Arizona the FHA loan limit will increase from $279,450 up to $294,515 with exception to Flagstaff being at $362,250. https://www.hud.gov/press/press_releases_media_advisories/2017/HUDNo_17-110…
We’re winding down the 2017 Phoenix Metro residential real estate market, which should go down as the 6th consecutive year of a stellar and balanced market, not seen — ever! Well, ‘ever’ is a long time, but not since 1994 when I…
Two months ago, we listed a home in North Scottsdale. A beautiful home. Though it was ten years old, it had been impeccably cared for. The comparable sales in the neighborhood showed the value to be in the $625,000.00 range. We listed…
Active Listings: 18,422 versus 20,928 last year – down 12.0% – and down 1.2% from 18,646 last month Pending Listings: 5,579 versus 5,782 last year – down 3.5% – and down 1.2% from 5,646 last month Under Contract Listings: 9,176 vs 9,368…
And other changes Property Tax Deductions: This deduction is remaining in place up to a threshold of $10,000 in annual property taxes. Because we are blessed to live in a state with relatively low property taxes, most of us will never go…
Periodically, we provide you with Michael Orr’s Cromford Report Analysis of annual appreciation rates. This is based on a city’s price per square Foot (psf) over the previous year. Forty-one cities are included in the table below. There are some interesting takeaways…
The Phoenix Metro $1,000,000 Plus Market So, what’s happening with the high side of the Phoenix Metro residential real estate market, which we’re calling the Million Dollar plus market? Has this market done as well as the other price ranges since 2011…
World’s 2nd Wealthiest Man Invests $80 Million West of Phoenix Bill Gates could have bought 20,000 acres of land anywhere in the world. He chose Phoenix, Arizona. His investment arm, Mt. Lemmon Holdings, recently bought a controlling interest in an area 45…
I have the story of two Home Owners’ Associations to share with you. Somehow my husband and I managed to simultaneously belong to two HOAs the last couple of years. The HOA for the home we have in Phoenix has a rule…