Last week we looked at the resale and rental markets and the price ascension of both since 2011 and 2014 which is at or nearly at double digit annual increases. This week, we’re going to consider the new home market as the…
The cost of housing in the Phoenix Metropolitan communities continue to ascend, both in purchase and rental prices. Today we’re comparing the local rental and resale markets on a Monthly Average Sales price and lease price per square foot (PSF) basis. Next…
In 2005, mortgage lenders churned out millions of mortgages with many of them throwing out historical lending best practices. Why? Because they could, and there was very little oversight. In this perfect storm of hideous and illegal financial behavior, America, and much…
Over the last few years, the Bodeen Team has promoted the greatest loan on earth provided by the national advocacy group known as NACA, the Neighborhood Assistance Corporation of America. The loan is to benefit low to moderate income buyers and came…
Despite surging Covid 19 cases in Arizona, very high unemployment, and many businesses shutting down or still remaining closed, our Phoenix Metro residential real estate market is not following those trends. In fact, the opposite. And we are not alone in this…
We’ve been writing our Monday Market Snapshot for six years now, about the time that my son and business partner, Jonathan, came on board to greatly assist me in the business. We know the bottom of the market (price-wise) occurred in 2011,…
With the Covid 19 virus now strongly increasing in Arizona, we’ve kept waiting for the Phoenix Metro sales market to slow down, take a deep breath, and coast for awhile. Well, that’s not happening. In fact, the opposite is true. Sales are…
As mentioned in last week’s Snapshot, our market initially slowed at the rise of the Pandemic, but now has done an amazing 180 degree turnabout. Current listings are at their lowest level in 15 years (2005) with only 9,679 as of two…
Our residential sales market is changing at a faster pace than we’ve seen since 2000. It reversed a short and sharp initial pandemic downturn but has since come roaring back in the second half of May. In the midst of the pandemic,…
Then: Last week we discussed, that with two exceptions, the global pandemic had not been seriously affecting our Phoenix Metro residential real estate market. Those two exceptions included the high-end market of over $1,000,000 and our “over 55” communities. For several weeks…