Mortgage Rates Continue Drop Week to week, the Phoenix Metropolitan residential real estate market continues to change. As we near the end of 2022, all sorts of market predictions are happening about what mortgage rates will do and how our local market…
I offered to write today’s Market Snapshot since one didn’t get sent out this past Monday, and I’ve never done a Christmassy one that I recall. So, I wondered, what kind of an appropriate seasonal message about real estate could I come…
If There was Ever a Time to Invest… Unless you’ve been living under a “media black-out” rock this past week, in which case you are totally forgiven and considered to be a very wise and emotionally healthy individual, you would have noticed…
Historically in most all residential real estate markets across the land, sales and related activities slow down over the holidays – as well they should. This year, unlike last year, activity is being, well, VERY peaceful. November closings have been well below…
Plus, Buyer Buy Downs and One More Seller Strategy Renters are now discovering there’s a lot more supply recently to choose from and the landlords are being more accommodating to renter prospects. The following numbers supplied by the Cromford Report seem to…
In the above “Cromford Index” a reading south of 90 indicates a buyer’s market. If the wise Yoda was asked about the current state of the Phoenix Metro real estate market, what would his response be? “A Buyer’s Market you are in….
What Can Sellers Do? In less than a year, our torridly hot Phoenix Metro residential real estate Seller’s market has slammed on the brakes and gone into reverse. The seller’s market is now a buyer’s market. (See Cromford Market Index Chart) Yes,…
Today, we have two sets of stats for your observation. The first, the Arizona Regional Multiple Listing Service (MLS) gives us numbers for current and under contract listings plus sales, in all the MLS, for all types of homes, which includes a…
When we think of balance in anything, we generally think of it as good. A balanced lifestyle – is good. A balanced diet – is good. A balanced real estate market – is good. Well, if our real estate market is in…
When asked when will retire? I usually say, something like, “Oh, a few years.” What do you want for your retirement? Common answers include traveling (cruises), recreation (golf), spending more time with family, especially grandchildren. Another way of saying it is that…