Mike Bodeen Back in October 2023, we were reporting the negative direction that the Phoenix Metro residential real estate market was taking if you were a seller. (see October 26th Cromford Market Index directly below) As you can see, EVERY city in the October…
It is (or should be) the nature of salespeople to be bullish on their product or service. A downer attitude will pretty much ensure poor sales, unless perhaps you’re in the mortuary business. Thus, with excitement and reluctance, The Bodeen Team looks…
Looking at this past month, as is our custom, we bring you December 2023 numbers compared to December 2022. Active Listings: 14,593 vs 16,298 last year – down 10.5% – and down 8.7% from 15,981 last month Under Contract Listings: 5,127 vs…
Real Estate Market Ending on Positive Note It’s New Year’s day 2024! May it be abundantly blessed for you and yours! (I didn’t intend for that to rhyme, but I like it) It’s risky and often humbling to take a look back…
A Merry Christmas Post Two! I could have written this to have it ready to publish on or before Christmas Day, but I figured most of you wouldn’t read it, and good for you! Like me, you had way more important things…
Prices Not So Much The major real estate news lately is the significant lowering of mortgage rates to the low 7% to high 6% range. This is reflective of positive inflation reporting. It’s good news for buyers, but is it enough to…
Have Shelter Costs Lowered? In encouraging news for buyers, mortgage rates have continued moving downward and have hit a 3-month low. Per Mortgage News Daily, the conventional 30-year fixed rate mortgage as of Friday December 1st has dropped to 7.09%. A 30-year…
We trust your Thanksgiving weekend was wonderful! Apart from the traditional, additional, and certainly not subliminal poundage gained, it was for the 18 or so Bodeen family and friends who gathered at our home😉. As most of our readers are aware, we…
Time to Get Off the Sidelines Buoyed by good news showing that our overheated economy is finally cooling, and inflation lowering, conventional rates have dropped down to 7.37% as of Friday, the 17th of November, per Mortgage News Daily. Better yet, FHA…
If you’re new to the Valley of the Sun or are contemplating a move here, or perhaps know of someone who is, you or they may be wondering where the best place to live is? After all, Maricopa County is HUGE. And…