As we end one of the most disappointing and awful years in Phoenix residential real estate history, as is my custom, I take stock of my previous year’s prognostications (guesstimates) about our market. How did I do? Like most years, hits and…
Good for Homeowners. Bad for Renters. But what’s New? Last week we looked at “The Great Wealth Transfer” already beginning that will see 84 Trillion (that’s illion with a “T”) transfer to Boomers and younger generations over the next 20 years (aka…
Why the Great Wealth Transfer May Not Be Good News For Many Every week when it comes time to writing our Market Snapshot, I’ll often write about some topic that’s currently big in the world of real estate. Other times, I start…
End of Week Shows Positive Mortgage Rate Movement Before we look at current market trends, let’s catch up with November’s sales information as of December 1, 2024 compared with December 1, 2023 for all areas & types: Active Listings: 21,593 vs 15,981…
As We Boomers Age, There’s Much to Consider We’ve written much About first time homebuyers and the great struggles for them to be able to break into the housing scene. This week, I ran across a couple of interesting articles about the…
A Thanksgiving Note: The following is the exact Snapshot I wrote 10 years ago. If the truth be told, one of the reasons we’re doing this is that there hasn’t been much change in our most recent week to week local real…
May it Become the Norm – even the Bottom? In the late spring of 2023, my wife and I decided to bite the bullet and help our daughter get into a home of her own – along with our granddaughters, their two…
The Republican victory last Tuesday saw a momentous stock market skyrocket the next day. It also jacked the 10-year bond by 14 basis points, which was followed by a 9 basis-point rise in the average 30 year-fixed-rate mortgage which settled in near…
Last week we discussed a young man (we’ll call him Lonny) who, 6 years ago, left California to began a Phoenix real estate career. He had all the right stuff: smarts, enthusiasm, personality, and dedication. But Lonny lacked one (and perhaps 2)…
About 6 years ago, Jonathan and I were Mentor Leaders with our company, HomeSmart. HomeSmart was growing significantly with a number of new licensees joining the firm, as they were with other companies. Newbies would go through the real estate licensing process…