Some signs we observe can help us determine the direction of the Phoenix Metro residential sales market. For example, in January 2008, only 8% of all sales closed “above” list price – a 20 year low. In June of 2021, 60% of…
If you’ve been a Mike’s Snapshot follower for a while, you’ve probably noticed that we’ve been tending to write more about the local rental market lately, especially this last year. There’s good reason for that. As the Phoenix rental market goes, so…
We want to highlight our latest project, and introduce our new company, Bodeen Designs, and what it can do for our clients. To put it simply, we now have some additional options for our clients in addition to the traditional listing. We…
We have a sort of mixed bag of news this week and a brief report about the iBuying giant Zillow getting out of the iBuying business and what that might mean for the market. But first, October’s numbers: CURRENT (Nov 1st) MARKET…
Nationally, there is a shortage of homes for sale and rent – and in Phoenix, the need is particularly acute! This comes as no surprise to our readership, but to hear it again recently from a local economist makes it is all…
A picture (or chart) is worth a thousand words! And the two Cromford charts we’re showing you this week prove that point. Both charts form bookends of a larger Phoenix Metro problem we’re facing today, which is housing affordability. Not too many…
Let’s face it, 2021 has been and still is a difficult year. Four close friends of mine have passed away in the last 4 months. And I’m quite certain that many of you, our readers, are experiencing similar life griefs and challenges….
In Fourteen Hundred and Ninety Two, Columbus sailed the ocean blue, to find affordable housing, that’s true. Renters now seek affordable housing, but in Two Thousand and Twenty One, there are none. Some interesting stats about our increasingly woeful rental market. Oh,…
Forgive my local sports teams giddiness vs L.A. teams, as our 4-0 Arizona Cardinals took apart the loathed L.A. Rams in a decisive Sunday victory. On top of that, on Saturday, ASU handily beat UCLA to take the Pac 12 lead. And…
Yes, But at What Cost? Having served my industry since 1976, I have witnessed the evolution of solar energy systems that have contributed to clients saving money while taking advantage of something that we Arizonans know so well. Sunshine! Back in the…