Days like this past Saturday remind me how much I love my career! Saturday however, did not start out to be very promising. Due to the amount of snow in North Scottsdale’s premier Desert Mountain golf community, one of the key homes…
One of the fundamental reasons we’re experiencing health in our local residential real estate market is that we’ve maintained 8 years years of moderate appreciation rates since bottoming out. Not high, not low, but consistent. Affordability is, however, being threatened by appreciation,…
Usually, sales numbers tend to help homeowners and hurt buyers or vice-versa. January’s sales numbers are in from the ARMLS (Arizona Regional Multiple Listing Service) and they report that if you’re a buyer it’s good news. But also, if you’re a homeowner,…
The residential real estate market in the Phoenix area is looking a lot like it did in the late 90’s and early 2000’s. In those days, many buyers were relocating to the valley from out of state. They often used a relocation…
As we’ve said before, if higher paying jobs are added to the local workforce, home values will continue to grow. Our local Chamber of Commerce, along with the State of Arizona, meet with companies of all sizes. Their job is to show…
Jerry Colangelo has never been accused of thinking small. For that matter, he’s never been accused of being a business failure either, though it seems for many, failure is a prerequisite to success. If Jerry’s latest project comes to fruition, it has…
No. At least not from what we can see at the moment. It’s true last year was slower than some, and it’s also true that so far 2019 has so far gotten off to a slow start. But a slow or stagnant…
Last week we started to look at real estate projections for the Valley (Phoenix Metro) for 2019. We began with sales and home prices, which are re-printed below. Following this we will look at mortgage rates, rentals and new home construction. Mike’s…
As a Realtor professional, the first most asked question from people is not, how’s your family doing? Though many ask. No, the first question without exception, is “Mike, how’s the market? The real question they want to ask however, (and some are…