Mike Bodeen Last week we discussed a young man (we’ll call him Lonny) who, 6 years ago, left California to began a Phoenix real estate career. He had all the right stuff: smarts, enthusiasm, personality, and dedication. But Lonny lacked one (and perhaps 2)…
About 6 years ago, Jonathan and I were Mentor Leaders with our company, HomeSmart. HomeSmart was growing significantly with a number of new licensees joining the firm, as they were with other companies. Newbies would go through the real estate licensing process…
A Seller’s Market is What’s Needed For That Many “experts,” in our industry, us included, were looking for a cataclysmic change in the way day to day residential real estate is conducted. August 17th was that day, the result of the Sitzer-Burnett…
September Market Numbers and Rate Reversal Well, October has arrived, but it’s still acting like August. At least the early mornings are wonderful; emphasis on “early.” That’s a segue of sorts to our current local real estate market conditions – about the…
Cromford Weighs In I briefly mentioned Presidential politics two weeks ago, and then I noticed a few days later where Michael Orr of the Cromford Report weighed in on the topic regarding whether or not a presidential election would make any “significant”…
I briefly mentioned Presidential politics last week, and then I noticed a few days ago where Michael Orr of the Cromford Report weighed in regarding whether or not a presidential election would make any “significant” difference for the housing market? I quote…
Hello Buyers? Where are You? From Mortgage Bankers to New Home Builders to Title Companies, to livelihood threatened real estate agents, and many others, the same question is being asked industry-wide: When will buyers jump back into the market? Mortgage rates have…
Pricing Stable – for Now! Mortgage Rates are at their lowest since April of 2023! The Mortgage News Daily is showing the 30 Year Fixed Rate average is down to 6.27%, while FHA and VA are down to an average of 5.68%!…
I hope this Labor Day holiday edition of our Snapshot finds each of you enjoying the time with close friends and family – holidays with loved ones are helpful to remind me of the things in life that really matter. That is…
Are We at Market Bottom? For month’s we’ve been reporting on the Phoenix Metro residential real estate market’s downward market direction (sales and prices) and that this was a “window of time” for buyers to strongly consider making their move, because this…