Once again we report on the Valley residential real estate market. For the month of March 2019, we find that the housing market across Greater Phoenix has improved significantly during March but has yet to catch up with 2018. Though significantly higher,…
An interesting article in the Wall Street Journal recently indicated that “Exurb” communities, those that are an hour or more commute outside a main employment hub, such as Phoenix, are making a comeback. The writer further indicated that Millennials are a part…
PHASE ONE! Most folks think of real estate negotiation as a one-time event that occurs when a buyer first makes an offer on a home. Actually, there are several points of negotiation that take place throughout a typical residential transaction. The first…
YES, DEPENDING ON… The conventional wisdom of when it’s the best time to sell a home is in the spring. Local Phoenix Metro statistics show that the most sales, as in closed escrows, occur in the Spring of the year, mainly the…
AND JUST WHERE IS STANFIELD? ARLINGTON? Among local Phoenix-Metro communities some had substantial sales increases over the past year. These numbers, supplied to us by The Cromford Report, shows some surprises and raises questions. Like, where in the world is Arlington and…
This information is not the sort of news renters like to hear, but it continues to be our current reality. Rental prices on a per square foot basis have increased 43% since February of 2014. That’s an average of 8.6% per year!…
Days like this past Saturday remind me how much I love my career! Saturday however, did not start out to be very promising. Due to the amount of snow in North Scottsdale’s premier Desert Mountain golf community, one of the key homes…
One of the fundamental reasons we’re experiencing health in our local residential real estate market is that we’ve maintained 8 years years of moderate appreciation rates since bottoming out. Not high, not low, but consistent. Affordability is, however, being threatened by appreciation,…
Usually, sales numbers tend to help homeowners and hurt buyers or vice-versa. January’s sales numbers are in from the ARMLS (Arizona Regional Multiple Listing Service) and they report that if you’re a buyer it’s good news. But also, if you’re a homeowner,…
The residential real estate market in the Phoenix area is looking a lot like it did in the late 90’s and early 2000’s. In those days, many buyers were relocating to the valley from out of state. They often used a relocation…