Where are We Now? Well, unless you’ve been hiding under a rock, or not reading Mike’s Monday Snapshot, you’re well aware of a continued Buyer’s Market the Phoenix Metro real estate market is in – as is most of the country. Phoenix…
Are Both Currently Possible? Despite having the best of intentions, the Bodeen families were enjoying Lake Tahoe and Truckee’s 85 degree days and 50 degree nights too much last week to get last week’s Market Snapshot out. But alas, we’re back in…
While Others Throw in the Towel We trust you enjoyed the 249th birthday celebration of our country’s founding this weekend. I still fondly recall our bicentennial celebration 49 years ago (big ships) and look forward to our 250th next year! Though no…
Yet there is a Silver Lining! Mortgage Rates Near 8 Month Low At the beginning of 2025, I ventured to write the following in a guesstimate of where our Phoenix Metro residential sales market could be headed in 2025. I gave three…
Last week we asked the question about which agents will survive the current turndown. I shared about how I was able to do this through the decades, and it wasn’t easy. Now, with a down market, and new commission rules in place,…
Part One – How I Managed Last month, a close friend asked if I would chat with a distant relative of hers who was considering relocating from the Southeast to Phoenix to start a real estate career. A few days ago, I…
Will 7% Become the New Mortgage Rate Sweet Spot? Active listings at May’s end continued increasing though much slower. Under Contract listings dropped noticeably, down 4.7% from one year ago and down 12% from last month. Sales shrunk 6.6% from one year…
Major Bank Survey Alarming for Buyers and Sellers When I began my real estate career in the summer of 1976, (200th Birthday of our country) the 30-year mortgage rate hovered around 9%. Because my market was a second home community (Donner Lake,…
Bold Negotiating Can Pay Off For Buyers Now Last week, in discussing possible rewards for a buyer to wait for rates and/or prices to drop, I made the following comment, which included a major math error. I said this: > On the…
Part One To be honest, I’m not thrilled about my title this week. It leans to the idea of stock day trading. But to deny this mostly buyer reality would not be realistic. Last week we mentioned the pent-up demand of homebuyers…