Common sense tells us that our blistering Phoenix Metro housing market must begin to cool. And of course, it will. All markets do. The questions of when, how much, why it will, and what it will look like are the questions we’d…
The current housing crisis continues unabated and it’s very tempting to think in terms of a “bubble” or “bust.” The Cromford Report recently discussed this issue and calmly points out the facts. According to them, there are four options we have for…
The current Phoenix Metro real estate appreciation is about 22% (based on the annualized monthly price per square foot). This is similar to 2004 which was one of the highest appreciation years in Arizona’s history (over 45%). That may change. The chart…
“It can be hard to explain to people just how bad the supply of re-sale homes has become in Greater Phoenix. The reality is quite difficult to grasp unless you are trying to buy one. Many people mistakenly think demand must be…
Before we get into our weekly story, let’s take a look at January’s sales numbers effective February 1st: Active Listings: 5,180 vs 11,974 last year – down 56.7% – and down 14.5% from 6,055 last month Under Contract Listings: 11,617 vs 10,030…
That’s what most of our clients seem to want to know right now, and after the trauma many endured from the crash over a decade ago, who can blame them? My first years in real estate (2009) was a short sale and…
New Construction Report Usually, our Market Snapshot deals with the residential sales market in the Phoenix Metro communities solely, but todays subject combines commercial and residential real estate as they continue to tell the growth story of our market. First, the residential….
Last week was part one of what became a two part article about the in-your-face bad odds of being able to make it full time in real estate. Key words: “full time.” Anyone can get licensed and join a real estate company….
Gotta admit, it looks pretty easy! Fill out some forms, stick a sign on the house, place flowery information into the computer, the offers roll in, the seller picks one, and you’re done with a big fat payday in your pocket! Sign…
The Phoenix Metro housing market continues its incredible trajectory of price increases and product shortage. Whether you’re looking at buying or renting, our local market is not encouraging. Let’s just say it as it is, it’s very discouraging. When a new rental…