Mike Bodeen How does it Affect Us? As we’ve blogged for years, “all real estate is local!” We’ve usually written this as it relates to the value of residential real estate, which is where our expertise is. The national appreciation rate (for example, as…
26% $/SF Rental Rate Increase in Less Than 4 Years! We spent some time in recent issues looking at the residential real estate sales market prognosis for 2018 and now it’s time to focus on the very important rental market. Most of…
Five Reasons Why Welcome to 2018! Ready or Not Here We Go!! Back in 2017 (last week’s issue) I wrote that there are 5 Reasons why I believe we’re looking at a continued strong and healthy Phoenix residential real estate market in…
Five Reasons Why 2017 is almost history. For the Phoenix Metro area, it was, by most accounts, another consecutive, solid, and successful year for residential real estate. Can 2018 match 2017? Yes. And more! There are a number of “solid” reasons why…
In most parts of Arizona the FHA loan limit will increase from $279,450 up to $294,515 with exception to Flagstaff being at $362,250. https://www.hud.gov/press/press_releases_media_advisories/2017/HUDNo_17-110…
We’re winding down the 2017 Phoenix Metro residential real estate market, which should go down as the 6th consecutive year of a stellar and balanced market, not seen — ever! Well, ‘ever’ is a long time, but not since 1994 when I…
Two months ago, we listed a home in North Scottsdale. A beautiful home. Though it was ten years old, it had been impeccably cared for. The comparable sales in the neighborhood showed the value to be in the $625,000.00 range. We listed…
Active Listings: 18,422 versus 20,928 last year – down 12.0% – and down 1.2% from 18,646 last month Pending Listings: 5,579 versus 5,782 last year – down 3.5% – and down 1.2% from 5,646 last month Under Contract Listings: 9,176 vs 9,368…
And other changes Property Tax Deductions: This deduction is remaining in place up to a threshold of $10,000 in annual property taxes. Because we are blessed to live in a state with relatively low property taxes, most of us will never go…
Periodically, we provide you with Michael Orr’s Cromford Report Analysis of annual appreciation rates. This is based on a city’s price per square Foot (psf) over the previous year. Forty-one cities are included in the table below. There are some interesting takeaways…