Mike Bodeen Reverse Mortgages. A Risk? A Strategy? Or a Risky Strategy? Well, now that I’ve turned 62, more senior financial options are presenting themselves to me even besides being able to take Social Security payments, though I won’t just presently. Since this is…
When my family relocated to the Valley in 1994, it was a hot new-home sales market. North Scottsdale in particular was building incredible communities such as Grayhawk, McDowell Mountain Ranch, Scottsdale Mountain, Scottsdale Ranch ad infinitum. These brand new communities also provided…
Will Larger Expensive Homes Go Away? As we’ve been reporting fairly regularly, price matters. The higher the listed price, the fewer the buyers who can afford even looking at a home. Yes, this would seem to be obvious to even a casual…
Though Jonathan and I like to provide market updates each week, the most accurate data comparisons are quarter vs quarter, and having just wrapped up the first quarter, we can now compare this 2016 first quarter with the first quarter of 2015,…
Rental Prices Keep Moving On Up What’s a Renter To Do? Rental demand continues to skyrocket and with it rental prices have risen dramatically. The average lease price for an active listing in the Arizona Regional MLS is now at $2087 per…
Program Aims to Help Low to Moderate Borrowers FHA loans have long been an important and fundamental part of providing American home buying consumers with affordable mortgages using down payments as low as 3.5%. Other benefits with the FHA loan include more…
The Phoenix Metro rental market appears to still be quite hot. Supply of listings available on ARMLS (our local multiple listing service) continue to drop as 2620 new rental listings were added as of the past four weeks, which was 15% fewer…
Seven Year Run of Moderation Among Nations Best It’s sometimes hard to describe where our market is trending at, and perhaps it’s not trending anywhere. Depending on the market that we Realtors find ourselves working in however, it can seem very hot,…
Well, Arizona may not have the best football team as we saw with the Cardinals ugly NFC Championship loss to Carolina yesterday! But, Arizona does have what is probably the finest number crunching real estate geek mathematician in the country, in Michael…
View Randy Johnson’s Home for Sale and the Valley’s Most Expensive Listing Question: “What is the most expensive house that has ever sold in the Greater Phoenix area?” Michael Orr of ASU/Cromford Report, responds: “This is harder to answer than it sounds….