The market is in an unpredictable place. We don’t know what’s around the corner, and even the experts that we follow are afraid to predict with any kind of confidence. The truth is right now we have good news and bad news,…
Last week we reported the emergence of a balanced market in our Phoenix Metro communities. We also cautioned that it could be short lived as more communities were soon to enter the buyer’s market realm. This is happening. According to the most…
In a perfect world, which is anything but, a local real estate market would be a balance of buyer and seller supply and demand, with reasonable annual appreciation. The Phoenix Metro communities had a consistent six-year run of just such a market…
No one can deny that we have now seen price corrections in the Phoenix metro market. On the street level I myself have seen weaker demand affect our listings. We have three different listings which we’ve now got under contract, that I…
BUT IT WON’T TAKE MUCH TO FLIP THE SWITCH BACK TO ADVANTAGE SELLERS The current talk of course, is all about the Phoenix (as well as the country’s) real estate market dropping in value – and it is. See article out today…
The “Dog Days of August” are upon us. With that delightful news, let’s take a look at the Phoenix Metro “Dog Days of Data,” which, if you’re in the Buyer’s camp, the trending good news continues. If you’re in the Seller’s camp,…
Good news continues for prospective renters who haven’t gotten much of a break over the last few years. The long-term rental supply is growing – quickly. There are over 2900 active rental listings (on our local MLS). This is an 18% increase…
The “short-term” outlook for our Phoenix Metro residential real estate market seems determined to continue a steep drop in sales and a downward adjustment of pricing. This is due to the meteoric rise in listing inventory caused in large part by the…
What’s Needed Now? In a rising and heated sales market, almost any agent can look like a genius sales guru. You may mess up inputting your data into the MLS, you could take house photos with a 10-year-old cell phone, you could…
Before we engage in our Phoenix Metro market discussion, let’s take a look at June’s stats to get you somewhat up-to-date, though with the way the market’s so quickly moving, we might be out of date before the fireworks fly this evening….