Another Increase for Mid July? Honestly, each week, we think we’re going to be reporting a drop in home values. We’re still waiting. Mostly, our market has been pretty subdued both in prices and sales. And it’s not on fire, mind you,…
Paradise Valley, Scottsdale, Fountain Hills See Increase This past Friday saw the greatest Initial Public Offering (IPO) of any company (SpaceX) in the history of the stock market. In one day one man became a trillionaire (that’s trillionaire – with a Tr)…
Mortgage Rates Rise – Under Contract Listings Drop Reviewing May’s sales numbers was not surprising, even though the monthly median sales price increased from $450,000 to $455,000 – a 1.1% increase. Considering that demand from buyers has dropped, one could expect to…
The Wall Street Journal on Friday had a lead article titled “Americans are Falling Behind on their credit card debt.” Indeed, per the article, 13% of all credit card debt was 90+ days in arrears – the highest level in 15 years….
A few months ago, mortgage rates briefly dipped below 6%. Buyers who had been waiting started coming back out. Open houses had more traffic. Contracts were getting signed. Things felt like they were turning. Then the war in Iran started. Within weeks,…
Changes Are Ahead For the last two weeks, we’ve looked at who makes up a present-day Realtor.* We saw that the current Realtor, according to data from the National Association of Realtors (NAR), was a 49-year-old woman with some college, working for…
One Huge Upside of a Real Estate Career Last week we looked at the average demographics of a Realtor* and their compensation. We saw that statistically; an American real estate agent is a member of the National Association of Realtors (NAR) and…
Jonathan and I are periodically queried by someone considering a real estate career and whether or not it’s a good idea? This is often asked by someone who has retired from a previous career outside of real estate and looking for something…
Key Market Index Undecided About Market Direction Everyone has opinions, especially about the direction of the current national and local residential real estate market. At the beginning of this year, we made some prognostications about that direction as well, albeit very cautiously…
Active Listings are near their highest point for this time of year (April) since 2014. They’ve been increasing monthly since the beginning of the year and are expected to continue increasing as the outcome of inflation has already seen an unprecedented increase…