Well, there’s no pretty way to put this. The Phoenix Metro communities are in crisis real estate mode. Last week we stated that we were “starving” for listings. The listing drought is for both homes for sale and homes for rent. The…
Our land is famished for want of listings to sell. Regulars of Mike’s Monday Market Snapshot have known this for years as we’ve continued to report on this growing, or rather, diminishing problem. A normal, balanced and healthy real estate market in…
For those of us with sufficient age maturation who lived the 60’s and loved the music of that era, I’ve included the link to The Mamas and the Papas biggest hit ever, which arrived in 1965, titled California Dreamin.’ For my business…
Well, the short answer is “that’s a stretch.” However, many, or most of us would agree there are defining moments in our corporate or personal lives that we can point to that were pivotal to who or what we’ve become – as…
We apologize for the delay in the snapshot this week. Regularly scheduled programming will now resume! The MLS numbers for November 1, 2020 compared with November 1, 2019 for all areas & types: Active Listings: 8,682 versus 14,525 last year – down…
This was an interesting article via GoBankingRates.com. The company analyzed the median income in 50 U.S. cities. It then showed (in their opinion) the income needed to live comfortably if you were a homeowner AND a renter. Three cities in Arizona were…
Our Monday Market Snapshot Newsletter continually adds new viewers. Thus, the weekly reporting that we’ve been doing, seemingly forever, may be old hat, even boring to our regulars who’ve been watching this upward moving market play out for years. However, to newer…
SINGLE FAMILY DETACHED HOME REPORT Our recent personal experience on the front line of home sales, has been showing us our need to be prepared to aggressively represent our buyer clients because of the number of multiple offers being received by sellers…
SALES: New September listings, compared to 2019, increased 17%. On the surface that sounds promising for buyers who have continued to experience a dearth of available homes on the market. Unfortunately, the extra listings were met with increased demand, so the net…
We’ve been watching our Phoenix-Metro residential real estate market closely for years, but acutely since the global pandemic began earlier in the year. Particularly, our falling supply. Originally, the numbers seemed to indicate what most of us felt was going to happen…