With some fear and a little trepidation I look back one year to see how our 2018 valley real estate predictions turned out. Here’s what we said and what happened: We said: Strong population growth has returned to Arizona and the Valley….
Comparing Values to 2014 For almost 10 years (2005-2014) our local Phoenix metro rental market was showing a flat line for appreciation in rental price per square foot (psf), as in 0%! This was great news if you were a renter. Beginning…
The S&P/Case-Shiller® Home Price Index® numbers were released today (12-26) for the latest national sales period (August through October) and the 20 focus cities fared as follows on a month to month basis showing Phoenix leading the country in the latest review…
We’ve been watching the S&P/Case-Shiller® Home Price Index® for Phoenix rising consistently the past 6 months. It has increased up the ladder almost every month. We’ve it hit number one on the national list in the latest reported sales quarter (July through…
A recent study sought to find the safest cities in America. WalletHub compared 182 U.S. cities across 39 key indicators of safety. The data set ranges from assaults per capita to unemployment rate to road quality. Read on to learn findings, a…
There’s good news for buyers regarding inventory. Active listings increased in November, up 3.4% from the month earlier and up 0.8% from one year ago. The downside for our buyer pool is that median prices continued to rise, (seller good news) up…
Recent research conducted by the online real estate portal, Trulia, (owned and operated by Zillow) identified the 100 largest Metro areas in the U.S. to determine which were primed for growth in the year ahead, and which areas where growth probably won’t…
The market is slowing! But according to Arizona’s most acknowledged local residential real estate expert, Michael Orr, it is a modest slowdown. He also points out that there is an increased likelihood that prices will not drop but continue to increase when…
According to Mark Twain (purportedly), “There are lies, damned lies and statistics.” I also like the venerable L.A. Dodger’s recently retired announcer Vin Scully’s take on statistics, “Statistics are used much like a drunk uses a lamppost: for support, not illumination.” Our…
October Sales Report The source of local real estate statistics matter. My first pass at writing today’s column was on our changing market slowing towards balance, which is down from our multi-year seller’s market. These numbers are based on our local Arizona…