Mike Bodeen What Should Sellers Do? Last week we wrote that the class action lawsuit of Sitzer-Burnett VS NAR forced a settlement by NAR that brings major changes to real estate compensation, particularly about how Buyer’s agents get paid. On top of that, this…
Why This Will be a Bad Deal for Buyers and Their Agents I’ve written somewhere north of 500 Mike’s Monday Market Snapshots over the years. Every issue is created on the day of publication until just recently when I started to write…
Next week we’ll be picking up our discussion about the most monumental change in the “practice” of residential American real estate history that begins this month – the New Agent Reformation of real estate buyer’s agents, and the kick in the pants…
There is much talk about inflation these days, as it’s a very real issue in America and across the globe. Today’s chart provided us by The Cromford Report recently is most interesting. It’s a tale of two values of which I will…
A Quarter Century of Data Suggests We’re Due For Change In most summers that I’ve been selling Arizona residential real estate (30 years), we expect business to slow… Gee, I wonder why? Well, this year is no different except for one exception;…
The obstinate 7% mortgage rate made a dramatic two day drop at the end of last week – such a drop to a level not seen since February. On Friday, the 30-year fixed rate mortgage, as reported by Mortgage News Daily on…
We hope your 4th of July weekend was awesome – in so many ways! June’s numbers are in and here they are – the ARMLS numbers for July 1, 2024 compared with July 1, 2023 for all areas & types: Active Listings:…
As the Market Changes Our changing market didn’t start changing this last week. But certain market evidences have continued to manifest which are pointing to an inevitable conclusion – residential real estate prices will, in many cases, drop – but just for…
As mentioned several times before, agents can do all the right things, jump through all the right hoops, but if our buyer clients in fact can’t find that right place for them, we’ve failed and we’ve earned – zero! This is the…
Phoenix Home Prices Slowing – A New Trend? Last week I sorta indicated that this week, we’d be looking at how buyer’s agents help buyer’s find that just right home. In the meantime, I’m throwing a change-up to talk about the market…