Market Summary for the Beginning of October The cromford report ran a great article this week that not only dialed down on some recent changes in our local market, but got into some prognostications on the greater national economy and what we…
*Mike and Karen went on a well deserved vacation, and I, the son, was inhumanely tasked with doing all of his work 😉 and so unfortunately our beloved snapshot was delayed a day. I blame my father. You can too! We wanted…
*We apologize for the lateness of the email, our website was down yesterday. PHOENIX APARTMENT RENTS STILL RISING, BUCKING NATIONAL TREND According to Rent Café, an arm of Yardi, 253 out of 260 cities saw a level or decrease in residential apartment…
Well, there’s finally some good news to report for buyers, with the caveat that we’ve reported similar stories these past few years, and then the market turns towards sellers again. So wisely, we’re keeping the crystal ball on the shelf for now,…
MANY NEIGHBORHOODS AND PRICE RANGES ABLAZE! Our business calls for us to micro-watch various neighborhoods for buyers looking for specific homes in certain neighborhoods. We input their search parameters into our real time Multiple Listing Service (MLS) and when the home comes…
September Listing Supply Down 43% The Cromford® Market Index is over 200 for the first time since 2005, the market is obviously hot and remains unbalanced, favoring sellers. Demand is about 8% above normal, which is strong but not too unusual. What’s…
MORTGAGE RATES: I like this chart below.It gives us a unique perspective over almost 50 years of mortgage rate history spanning four decades. My own career started in 1976 (at the very tender age of 22) when rates were 9.75% for second…
THINK LONG TERM BUT ENJOY IT NOW! Growing up, I lived in two homes in a 20 year period. We were unusual, most of my friends didn’t move during that time but stayed in their home. Those who chose to stay in…
Last week we touched on the comparison of buying a new home versus a used one. We said, “With the current scarcity of existing homes for sale should buyers consider buying a new build? Or is resale still the preferred course? With…
Clients/friends of ours have made it a habit to buy a new home every 5 years, about the same amount of time many folks would buy a new car. They seemed to always be on the lookout for the next best Northeast…