Mike Bodeen Over the past two weeks we’ve been comparing, from a value standpoint, single family detached homes (SFD) and Condo/Townhomes. This is the week to make the final comparisons and then I end this discussion by giving the reader my take about how…
Some buyers who can afford to buy a Single Family Detached (SFD) home, ask the question, should I be looking at condos or townhomes as well as SFD (Single Family Detached). And if so, which is the best investment in the Phoenix…
*What’s the Best Investment?* We’re often asked if Condos and Townhouses (condos) are as good a buy as Single-Family Detached (SFD) residences. It’s an interesting question, and until one does the math it’s not easy to come up with a right answer…
Nationally, and in the Phoenix Metro communities many first time home buyers are throwing in their buying towel, being unable to buy a home where they want or need it to be, or just flat frustrated at unaffordability, per the Business Insider….
Yes, But it Depends on Your Definition of Rising “Lies, damned lies, and statistics” is quoted in Mark Twain’s biography, which he attributes the phrase to Benjamin Disraeli. Whoever, it always draws a chuckle, because most folks know it rings of truth….
Last Friday, mortgage rates dropped to 6.19% for the 30-year fixed rate. The 15-year dropped to 5.76%. These are rates not seen for over a year. Definitely very good news for buyers. And mortgage applications reacted strongly – just one problem –…
Our market continues to befuddle. It’s a market that’s creeping along at the low end of sales activity. Listings are now back to increasing – 6% over last month. To be fair, this is normal for September and October, and the real…
Before we begin this week’s story, let’s take a quick look at September’s listing and sales trends to see if there anything noteworthy to report. Resales Active Listings: 24,450 vs 19,643 last year – up 25% – and up 5.2% vs 23,238…
The “E” Word That Won’t Autumn has arrived. Another Phoenix summer we’ve survived.😉 Mortgage rates, which had been up and down since a high point of 7.76%, had been on the decline for almost 2 years (Nov 2023). Last week, they hit…
The Phoenix Metro residential real estate market is holding. Quiet. Calm. Sort of in a big yawn mode. But there’s an underlying tension and uneasiness that real estate professionals are feeling at this point, at least I am. The number of real…