Mike Bodeen January 1st of each year, there is a major drop in the number of active listings in the Phoenix metro market, because many listings’ expiration dates were tied to the end of the previous year. This year was no different. Historically, January…
To kick-off the 2020 real estate season last week, I attended the HomeSmart Elite luncheon with Tina Tamboer, senior residential housing analyst with the Cromford Report, and Catherine Reagor, real estate reporter with the Arizona Republic. Few, if any, have their pulse…
AND HOW DID OUR 2019 PROGNOSTICATIONS TURN OUT? Last week we looked at how our crystal ball predictions came in for Phoenix Metro housing in 2019. This week we’ll finish out our prognosticating for rentals and new home construction. First is what…
AND HOW DID OUR 2019 PROGNOSTICATIONS TURN OUT? In the next two weeks we’ll be looking ahead to view the 2020 Phoenix Metro residential real estate market. This prophetic stuff is risky. The test of a genuine prophet in the Old Testament…
The close of the 2019 Phoenix Metro real estate sales market is just a day away, but in all things Phoenix real estate, 2019 will go down as one of, if not THE strongest years on record. Though our reporting is on…
I received a mailer recently from a company called Service Line Warranties of America. It looked pretty official including the emblem of the City of Phoenix, as if it was endorsed by the city (authorized yes, endorsed, no). Periodically, clients will call…
The 2019 November numbers are in and they are not ones we can ignore. What we essentially have is a huge increase in demand alongside a huge decline in inventory. If you’re thinking of selling, congratulations! If you want to buy, well…
During the process of buying or selling a home, we’re in our client’s life almost every day. A mutual trust and often, a friendship develops. And then, escrow closes, and shortly thereafter, we’re not so much in our client’s life, which is…
As Realtor professionals, we view the current Phoenix Metro residential real estate market landscape with a mix of excitement and wonder. Excitement because we’re seeing the initial stages of a potential and dramatic market shift. I mean, this is happening now, in…
For the past few issues, we’ve been discussing the inevitability of Phoenix Metro’s escalating appreciation. Three words in basic economics drives this: supply and demand. There are many reasons why demand for our housing will remain high, notably, new business start-ups and…