I’ve seen this film played out a few times before in my 45+ year residential real estate career. With every major change in the market and/or real estate technology shift, a market exodus of agents would happen. The oldsters would say something…
25,000 homes for sale in the Phoenix Metro is the historical norm. We have to be honest though, there’s not much about our residential real estate market that’s been normal. In the Great Recession, during the fall of 2007, there were close…
or, “Bye-bye, Miss American Pie?” Many sideline home buyers here in the Phoenix Metro communities and in many locales across the country are waiting for either mortgage rates to drop to their perceived ideal rate, or for home prices to drop, or…
But There is a Buyer Silver Lining First let’s look at the current home resale market. Home prices continue to rise, and it’s getting worse for buyers, however there is a silver lining for buyers which I’ll address shortly. The June 2023…
Phoenix Metro 10 Year Rental Price History First off, have a wonderful 4th of July celebration for this, the greatest country in the world – still! Last week on The Snapshot we asked the question, what would you call lower and middle…
Last Monday we wrote about a “Reverse Crash” that could be (is) heading our way. A normal crash, a plummeting of values, can be seen on the chart below from June 2007 to June 2009, when prices crested at $258,000 then dropped…
If So, You Heard it Hear First You gotta admit, today’s Snapshot title is pretty provocative, eh? For those businesspeople who utilize CRM’s such as Constant Contact, each send-out report is analyzed for the percentage of “opens” it gets. Most get less…
For many years now, Jonathan and I have written weekly about our local real estate market, providing our clients and friends with what we feel to be valuable and timely local information about our amazing residential real estate market. Good times and…
Last week we talked about mortgage rates soaring into the 7% range and whether or not this could have much of an impact on the market. Then, the “national debt ceiling” issue got dealt with and rates dropped back below 7%. Still…
This week’s chart, like most of the Cromford Report’s charts, is very interesting. It shows our market’s pricing per square foot (PSF) going back 9 years, including 2023. If you begin at 2015 and continue through 2019, you would notice that, for…