Your House at Your Front Door
Aren’t you amazed by how quickly and what a variety of things can come to your front door? It used to be in days, but now sometimes it’s in hours. I think it all started with Amazon and books. Instead of running around…
Year: 2019
Seasonal Trend Toward Buyers
BUT NO ENCOURAGEMENT IN THE LONG TERM Almost all of the cities that make up the “Phoenix Metro Area” showed a shift toward buyers over the last week, according to the Cromford Index. Now in all these cases, we are still heavily…
What California Power Outages Have to Do With Arizona Real Estate
Two weeks ago, my wife Karen and I spent a week in California enjoying a much-needed getaway and visiting family in Sonoma County and then heading out to Dillon Beach in North Marin County. It was restful. Then, this past weekend I…
Are We Staring Down a Recession? And if So, What Then?
Market Summary for the Beginning of October The cromford report ran a great article this week that not only dialed down on some recent changes in our local market, but got into some prognostications on the greater national economy and what we…
Introducing Our New Client Rehab Service
*Mike and Karen went on a well deserved vacation, and I, the son, was inhumanely tasked with doing all of his work 😉 and so unfortunately our beloved snapshot was delayed a day. I blame my father. You can too! We wanted…
Rents and Home Values Still Rising
*We apologize for the lateness of the email, our website was down yesterday. PHOENIX APARTMENT RENTS STILL RISING, BUCKING NATIONAL TREND According to Rent Café, an arm of Yardi, 253 out of 260 cities saw a level or decrease in residential apartment…
Good News For Buyers???
Well, there’s finally some good news to report for buyers, with the caveat that we’ve reported similar stories these past few years, and then the market turns towards sellers again. So wisely, we’re keeping the crystal ball on the shelf for now,…
Now You See It, Now You Don’t!
MANY NEIGHBORHOODS AND PRICE RANGES ABLAZE! Our business calls for us to micro-watch various neighborhoods for buyers looking for specific homes in certain neighborhoods. We input their search parameters into our real time Multiple Listing Service (MLS) and when the home comes…
Greater Phoenix – Metro Market Report
September Listing Supply Down 43% The Cromford® Market Index is over 200 for the first time since 2005, the market is obviously hot and remains unbalanced, favoring sellers. Demand is about 8% above normal, which is strong but not too unusual. What’s…
Arizona Mortgage Rates and Foreclosures Continue to Drop!
MORTGAGE RATES: I like this chart below.It gives us a unique perspective over almost 50 years of mortgage rate history spanning four decades. My own career started in 1976 (at the very tender age of 22) when rates were 9.75% for second…