An interesting stat I came across this morning were the numbers behind who is buying in our Metro Phoenix communities. Based on Cromford’s research* into the Maricopa County August sales market, we see the following breakdown of Buyers compared with August of…
It’s been a strange few years for just about everything, let a lone real estate. It shouldn’t come as a surprise to hear us say that we haven’t quite seen anything like this market before. But I personally think that those who…
Investors and iBuyer’s Tilting the Market? How the market turns. Just when we think we’re figuring out what’s going on in the Phoenix Metro residential real estate market, it makes a U-Turn. It (the market) obviously doesn’t give a rip about our…
How Will They Affect Our Market? The national ban on foreclosures is at an end for most homeowners. Lenders can now proceed to file, but will that result in an immediate pickup in new inventory for buyers in the Phoenix Metro area…
Fastest Growing Cities are Phoenix and… Buckeye? Can Anything Good Come out of Buckeye? As our local temps begin to make their move upwards again in late August, we know our “Chamber of Commerce” weather is right around the corner. Halleluiah! As…
Bittersweet Results There’s been a noticeable uptick in the acquisition of single family homes by investors for the purposes of renting them out. Maricopa County, over the past 4 months, has seen an increase in these sales from 14% to 18%. This…
Buyer good news continues, albeit gradually. The big 5 sales stats we look at monthly are listed below. The numbers continue to move in a positive direction for buyers. Though active listings are down 10% from last year, they are UP 24%…
Portland, Oregon had previously (1992) held the national spotlight for consecutive months leading the nation in year over year home price increases with 23. No longer. Phoenix is the new record holder and may well continue to extend the streak, now at…
Been there. Done that. Bought the Tee shirt! In January 2005, following a 4-year runup from January 2001, the Phoenix metro residential sales market had risen from a monthly median sales price of $127,000 to $189,000 – a 49% gain, or 12%…
It’s a nice 1529 SqFt single family 2 bedroom detached home in Anthem. A few months ago the owners had decided to upgrade their original Corian countertops to Quartz. But as life so continuously reminds us, things change. In this case the…