Mike Bodeen The residential real estate market in the Phoenix area is looking a lot like it did in the late 90’s and early 2000’s. In those days, many buyers were relocating to the valley from out of state. They often used a relocation…
As we’ve said before, if higher paying jobs are added to the local workforce, home values will continue to grow. Our local Chamber of Commerce, along with the State of Arizona, meet with companies of all sizes. Their job is to show…
Jerry Colangelo has never been accused of thinking small. For that matter, he’s never been accused of being a business failure either, though it seems for many, failure is a prerequisite to success. If Jerry’s latest project comes to fruition, it has…
Last week we started to look at real estate projections for the Valley (Phoenix Metro) for 2019. We began with sales and home prices, which are re-printed below. Following this we will look at mortgage rates, rentals and new home construction. Mike’s…
As a Realtor professional, the first most asked question from people is not, how’s your family doing? Though many ask. No, the first question without exception, is “Mike, how’s the market? The real question they want to ask however, (and some are…
With some fear and a little trepidation I look back one year to see how our 2018 valley real estate predictions turned out. Here’s what we said and what happened: We said: Strong population growth has returned to Arizona and the Valley….
The S&P/Case-Shiller® Home Price Index® numbers were released today (12-26) for the latest national sales period (August through October) and the 20 focus cities fared as follows on a month to month basis showing Phoenix leading the country in the latest review…
Comparing Values to 2014 For almost 10 years (2005-2014) our local Phoenix metro rental market was showing a flat line for appreciation in rental price per square foot (psf), as in 0%! This was great news if you were a renter. Beginning…
We’ve been watching the S&P/Case-Shiller® Home Price Index® for Phoenix rising consistently the past 6 months. It has increased up the ladder almost every month. We’ve it hit number one on the national list in the latest reported sales quarter (July through…
A recent study sought to find the safest cities in America. WalletHub compared 182 U.S. cities across 39 key indicators of safety. The data set ranges from assaults per capita to unemployment rate to road quality. Read on to learn findings, a…