Listings Highest in 10 Years! Pending Sales and Mortgage Rates Drop The news this week bodes well for buyers – the best combination of news that I can recall for a long time, which of course means not-so-good news for sellers. Our…
Our residential rental real estate market, both nationally and locally has been stationary over the past 3 1/2 years. In Phoenix metro, we’ve been hanging out at around $1.35 per Square Foot (PSF). Likewise, the median rental price during this time has…
Listings Continue Increasing I always enjoy hearing from our readers. It seems like there’s been a pick-up lately of folks reaching out with feedback to our Snap articles. I love that. Thank you. Before we get too far into the month, let’s…
Recent Decisions Could Spur Rate Increases Last week we discussed why there’s a very real possibility that mortgage rates may not drop down in the foreseeable future, questioning the direction of inflation that may have been exacerbated by Saturday’s origination of tariffs…
And hence, Keep Mortgage Rates High As if inflation needed any more fuel to add to its fire, recent/current fires in SoCal, and hurricane devastation in multiple Southeastern states will place an unprecedented demand for building supplies and services everywhere. Current estimates…
Also: State Farm is Pretty Unpopular Right Now! Florida and Arizona! Sunshine states. Retirement havens. Florida has water – lots of it, and unbearably humid. Arizona has brutally dry heat in summer. During the pandemic, home prices soared in Florida and coupled…
This week, we’ll take a prognostic break to go over December’s sales figures. The affidavits of value have been counted and analyzed for Maricopa County. Active listing counts below are courtesy of the Arizona Regional MLS: Active Listings: 20,007 vs 14,593 last…
Greetings and Happy New Year’s Friends! With apologies to J.R.R. Tolkien from his classic “The Lord of the Rings,” this 2025 opening title seems appropriate because the 2025 state of our residential real estate market will hinge on one thing, “inflation.” And…