Mike Bodeen Appreciation Up. Sales Modest. Buyer Competition Grows. Real estate news continues in a positive vein for sellers but a negative one for buyers. So what’s new!? First of all, let’s look at our Phoenix Metro market, the big picture, which is helpful…
I recently met seller Lon at his home in McCormick Ranch. He was referred to me by a former client. Jonathan and I really appreciate the referrals from friends and clients. Referrals and repeat client business has been the foundation of my…
Low End Goes Pretty Low! The last few months have seen the Valley set new sales price highs, and by a lot too! Back in mid-December, a home in Paradise Valley on Mummy Mountain sold for $15,650,000. That home had set a…
There are two professions that I believe to be the most difficult and challenging and in which I would not ever opt to enter. One is to own and operate a restaurant. The other is to be a new home builder. The…
You’ve long dreamed about building a custom home. You enjoy looking at glossy 4 color new home brochures, and have spent more than a few Sunday afternoons walking through builder’s model homes, and the thought of building new excites you. However, you’ve…
There may be changes ahead for our market of which we will speculate. In some ways, it’s pretty much business as usual, meaning limited inventory continues, yet there are other events occurring that could result in, what I call “a flash market.”…
A question that comes up periodically from home-buyers of every era I’ve been in residential real estate – yea, like since 1976, is “What about buying or building a new home? Is that a good way to go?” It’s a great question…
Is Phoenix entering a rent crisis period? This is an important question which needs to be understood. A recent article in the Arizona Republic indicated that Phoenix is the 9th least affordable city for renters in the country. This was quoting a…
Or is this Another “Cry Wolf” For so many years, that I’ve lost track, we’ve expected mortgage rates to climb up from the depths of the mid 3% range to the low 4’s. We’ve been encouraging folks to get off the fence…
Chandler and Scottsdale, #1 and #2! Peoria and Gilbert Right Behind! Anytime discussion turns to the future of Arizona’s quality of life, a myriad of considerations are in play. Education plays a large part of this prognostication. In higher education, for example,…