Mike Bodeen Supply Down. Pending Sales Down. Sales Up. Values Up. Some interesting findings in our August report, though few surprises. The few surprise categories include the continuing trend of lower listing inventory, steady and healthy appreciation rates, and higher sales than one year…
My family has successfully invested in multi-residential properties in the Phoenix area over the years and we’re in process of doing so again. My only regret is that we didn’t buy more before. What types of multi-residential am I speaking of? Well,…
Many assume that real estate is an easy gig which pays big bucks. It can pay big bucks, if you work very hard for a long time and have a good business model, but the reality is for most agents it ends…
Can an agent cherry pick what information he wants to disclose to his client? A case in point: I write up an offer for John and Sally. During our negotiations with the seller, another buyer slips in the back door with a…
July 2017 Market Report Migration Trend is Interesting Supply, and its continued reduction, remains the notable story amidst the Valley’s real estate market. The supply of homes for sale remains significantly lower than last year, and the gap widened slightly compared with…
Cromford Market Index is a value that provides a short term forecast for the balance of the market. It is derived from the trends in pending, active and sold listings compared with historical data over the previous four years. Values below 100…
(Hint – It’s Not the Appraiser) We often share with our clients that appraisers do not determine a home’s value. Neither do sellers or Realtors for that matter. Sellers, appraisers and Realtors (and yes, your next-door neighbor) can give an opinion of…
Question. Does there come a time when applying a high-pressure sales approach to buying a home is the right approach? Consider: Some home buyers buy quickly. First-time buyers would seem to fall into this category more often than not. Some buyers on…
One of the most common questions posed to us from buyers is, “Why is the seller selling?” The buyer is asking the question usually for one purpose, and that is to see if it might help him in his negotiation strategy. Obviously,…
Six Year City Appreciation Rates 2011 was the bottom of our real estate market value-wise. As we near the mid-point of 2017, we’re taking a look at appreciation rates from the same 25th week of 2011, (6 years ago) and offer a…