The 2019 November numbers are in and they are not ones we can ignore. What we essentially have is a huge increase in demand alongside a huge decline in inventory. If you’re thinking of selling, congratulations! If you want to buy, well…
During the process of buying or selling a home, we’re in our client’s life almost every day. A mutual trust and often, a friendship develops. And then, escrow closes, and shortly thereafter, we’re not so much in our client’s life, which is…
As Realtor professionals, we view the current Phoenix Metro residential real estate market landscape with a mix of excitement and wonder. Excitement because we’re seeing the initial stages of a potential and dramatic market shift. I mean, this is happening now, in…
For the past few issues, we’ve been discussing the inevitability of Phoenix Metro’s escalating appreciation. Three words in basic economics drives this: supply and demand. There are many reasons why demand for our housing will remain high, notably, new business start-ups and…
I received more comments from last week’s blog than any other blog I’ve written. The title, “Seeing An Approaching Price Tsunami?” was inspired not by my subjective feelings about the market getting hotter, although more often than not, those “feelings” have been…
Mark Twain said, “It ain’t the parts of the Bible that I can’t understand that bother me, it’s the parts that I do understand.” That’s how I feel about writing today’s Monday Market Snapshot. There are many causes having their effects on…
Since 2013, our Phoenix Metro residential real estate market has suffered a continuous annual drop in available listing inventory. A number of blogs ago we discussed reasons why this lingering problem persists. A few possibilities were discussed, but an article that appeared…
Since 2013, our Phoenix Metro residential real estate market has suffered a continuous annual drop in available listing inventory. A number of blogs ago we discussed reasons why this lingering problem persists. A few possibilities were discussed, but an article that appeared…
BUT NO ENCOURAGEMENT IN THE LONG TERM Almost all of the cities that make up the “Phoenix Metro Area” showed a shift toward buyers over the last week, according to the Cromford Index. Now in all these cases, we are still heavily…
Two weeks ago, my wife Karen and I spent a week in California enjoying a much-needed getaway and visiting family in Sonoma County and then heading out to Dillon Beach in North Marin County. It was restful. Then, this past weekend I…