We knew it was bound to happen; the question was when. It’s looking like the when is now! The rental market is showing signs of slow-down. If we compare our rental market with 2021 at this time, we see the following supply…
March numbers are showing continued huge strength in appreciation, but also possible trends that could slow the market. First, the stats: Active Listings: 5,051 vs 4,088 last year – up 23.6% – and up 10.1% from 4,588 last month Under Contract Listings:…
Happy Spring Monday! The NCAA Championship Game is this evening. I don’t have a dog in this fight, but I do love great basketball, especially if there’s last quarter dramatics😊 I’m also loving our chamber of commerce 85-degree temps. In April of…
Maricopa County Fastest Growing U.S. County I went to the Suns game yesterday (vs Philly) with my buddy Walter. He has owned Suns season tickets since the Steve Nash era, the last time the local team was a championship caliber team, besides…
I haven’t seen any other articles about this yet, but the counter-intuitive conclusive message, at least now, seems to be getting clear: Global and national bad news, at least in Phoenix, Arizona, means home values continue spiking upward. Some history: Pricewise, in…
Last week, a client and friend emailed me a great and timely question, and yesterday the answer came. First, his question: “Hello Mike, Obviously buying anything now is anything but easy, but are there any areas…of town whose prices haven’t gone as…
Plus: Good News for Renters? Our market is providing mixed messages. Here are the basic numbers as reported by the Cromford Report last week comparing March 1, 2022 and March 1, 2021 for all areas & types: Active Listings: 4,588 vs 4,491…
The shortest calendar month of the year closes today and we’re expecting temps in the low 80’s! Good Day Arizona! Chamber of Commerce weather is upon us – at least for a few days. Well let’s start with a warning. You may…
We’re just a day away from the near Ultimate Twosday, 2-22-22. I suppose the ultimate, ultimate Twosday would be 2-22-2222. But, hey, this is close enough. So here’s your Bodeen chuckle for the week. Let’s go back to 1969, with that one…
Laughable? Read On… “The dream of homeownership has grown more out of reach for many middle-class Americans during the pandemic.” This is the opening line from an article in the Wall Street Journal one week ago. Check out that article here. The…