RATES DROP BELOW 6%!
*Can they drop further?* I was about to write my annual New Year’s real estate projections today which include a look back to see how we got things right or not last year, and a look ahead as to what might be…
Market Snapshot
Change is in the Air
But What Winds Will the New Year Bring? In our own business, we have felt a pickup in the last month or so. We are getting more phone calls from old clients and referrals as well (Thank you to all of you…
Supply and Demand Pushing Phoenix Metro Sales Higher
*Cromford Market Index Values Showing Mostly All Green* The annual sales rate for the Phoenix Metro residential market (as we all know) has been in the basement for the past three years. The sales market had started its decline in July of…
Recent Rebound Nears Record High Price in Phoenix
Historic Highs and Lows For over 25 years in the Phoenix Metro residential real estate market there have been highs and lows, peaks and valleys, but the largest gain and biggest drop in a shorter span of time occurred between June of…
Are 6% Mortgages the New Norm?
Examining stats from the 1st of December shows healthy improvement in our market. But healthier for whom? Well, for both buyer and seller, if that’s possible. Right now as the data shows, our listings are 14% higher than one year ago, which…
Single Family VS Condo A Surprise! Part 3
Over the past two weeks we’ve been comparing, from a value standpoint, single family detached homes (SFD) and Condo/Townhomes. This is the week to make the final comparisons and then I end this discussion by giving the reader my take about how…
Single Family VS Condo What’s the Best Investment? Part 2
Some buyers who can afford to buy a Single Family Detached (SFD) home, ask the question, should I be looking at condos or townhomes as well as SFD (Single Family Detached). And if so, which is the best investment in the Phoenix…
Single Family Detached VS Condo/Townhouse
*What’s the Best Investment?* We’re often asked if Condos and Townhouses (condos) are as good a buy as Single-Family Detached (SFD) residences. It’s an interesting question, and until one does the math it’s not easy to come up with a right answer…
Is It Really That Bad for First Time Buyers?
Nationally, and in the Phoenix Metro communities many first time home buyers are throwing in their buying towel, being unable to buy a home where they want or need it to be, or just flat frustrated at unaffordability, per the Business Insider….
Are Foreclosures Rising?
Yes, But it Depends on Your Definition of Rising “Lies, damned lies, and statistics” is quoted in Mark Twain’s biography, which he attributes the phrase to Benjamin Disraeli. Whoever, it always draws a chuckle, because most folks know it rings of truth….