Our market continues to befuddle. It’s a market that’s creeping along at the low end of sales activity. Listings are now back to increasing – 6% over last month. To be fair, this is normal for September and October, and the real…
Before we begin this week’s story, let’s take a quick look at September’s listing and sales trends to see if there anything noteworthy to report. Resales Active Listings: 24,450 vs 19,643 last year – up 25% – and up 5.2% vs 23,238…
The “E” Word That Won’t Autumn has arrived. Another Phoenix summer we’ve survived.😉 Mortgage rates, which had been up and down since a high point of 7.76%, had been on the decline for almost 2 years (Nov 2023). Last week, they hit…
If you’re scratching your head wondering if you’ve missed the golden moment for super-low mortgage rates, you’re not alone. Recently, rates shot up to two-week highs just after the Fed cut its rate on September 20th. Many were expecting the opposite. But…
The Phoenix Metro residential real estate market is holding. Quiet. Calm. Sort of in a big yawn mode. But there’s an underlying tension and uneasiness that real estate professionals are feeling at this point, at least I am. The number of real…
A Perfect Storm for Buyers? Once again, thank you for my title and song Mr. Dylan. Sorry for my amendments. As I read the lyrics again on this (even now) prophetic song, I’m obviously relating it to our local real estate market,…
Yes – At Least for Now, But for How Long? Happy Labor Day! I think it should be Happy Un-Labor Day. The Old Testament Sabbath, which was Friday sundown to Saturday sundown (Shabbat), was a day of rest, as God rested from…
The Real Estate market has been slowly shifting across the valley. For a long time we’ve been reporting a tepid market that eked more and more into buyer market territory. In the last few weeks, correlating with mild relief on interest rates,…
The Right Time to Buy May be Now! Mike, you seem a little two-faced between last week’s Snapshot and this week’s. On the one hand you prepped Sellers to strongly consider getting their home ready for market – that it might be…
The Right Time to Sell May be Now! Believe it or not, there may be a seller’s opportunity to successfully sell shortly. This may seem counter intuitive in our current buyer’s market, but hang with me here, I may not be totally…