Californians may laugh (or cry) that the Phoenix/Scottsdale Metro high end market is considered to be over $600,000 when you literally “might” be able to buy a converted 1 car garage in SF for a million. Phoenix metro has, or is near,…
Personal income is a large determiner for future home appreciation. In the Phoenix area, most of the last 25 years had stagnant wage increases and therefore consistent but modest home appreciation, aside from the rise and fall of the local and national…
Our market continues to escalate for sellers and degenerate for buyers. Active listings are down 35% from one year ago and 1.4% from last month. Now, 1.4% may seem small, but not when this is the time of year for increasing listing…
We’ve been reporting that it’s a seller’s market for a number of years now. What that ultimately means is that the ratio of supply and demand weighs heavily in favor of sellers. Some might infer this means demand is high and supply…
January 1st of each year, there is a major drop in the number of active listings in the Phoenix metro market, because many listings’ expiration dates were tied to the end of the previous year. This year was no different. Historically, January…
To kick-off the 2020 real estate season last week, I attended the HomeSmart Elite luncheon with Tina Tamboer, senior residential housing analyst with the Cromford Report, and Catherine Reagor, real estate reporter with the Arizona Republic. Few, if any, have their pulse…
AND HOW DID OUR 2019 PROGNOSTICATIONS TURN OUT? Last week we looked at how our crystal ball predictions came in for Phoenix Metro housing in 2019. This week we’ll finish out our prognosticating for rentals and new home construction. First is what…
AND HOW DID OUR 2019 PROGNOSTICATIONS TURN OUT? In the next two weeks we’ll be looking ahead to view the 2020 Phoenix Metro residential real estate market. This prophetic stuff is risky. The test of a genuine prophet in the Old Testament…
The close of the 2019 Phoenix Metro real estate sales market is just a day away, but in all things Phoenix real estate, 2019 will go down as one of, if not THE strongest years on record. Though our reporting is on…
I received a mailer recently from a company called Service Line Warranties of America. It looked pretty official including the emblem of the City of Phoenix, as if it was endorsed by the city (authorized yes, endorsed, no). Periodically, clients will call…