Our local real estate news continues to be positive for sellers and not so much so for buyers. And now, supply is even dropping in the higher price ranges as well. Across the board in Metro Phoenix, active listings for sale are…
Phoenix is rising, but it’s effect is a mixed bag. Temperatures have hit the high 90’s recently and we’ve seen gas prices leap high just in the past month. Mortgage rates have risen as well, though thankfully they’re still in the mid…
I’m currently in the midst of negotiating a property sale for a buyer client in the Southeast Valley. It’s hit a VERY delicate point in the negotiations. At the time of this writing (Monday am) the outcome remains in doubt. These human…
Pun Intended. When it comes to Real Estate, my dad (the illustrious Mike Bodeen) and I don’t always agree on everything. Unfortunately for me, this last week, on two separate occasions, I was forced to realize that my dad, as he too…
Appreciation Up. Sales Modest. Buyer Competition Grows. Real estate news continues in a positive vein for sellers but a negative one for buyers. So what’s new!? First of all, let’s look at our Phoenix Metro market, the big picture, which is helpful…
I recently met seller Lon at his home in McCormick Ranch. He was referred to me by a former client. Jonathan and I really appreciate the referrals from friends and clients. Referrals and repeat client business has been the foundation of my…
Low End Goes Pretty Low! The last few months have seen the Valley set new sales price highs, and by a lot too! Back in mid-December, a home in Paradise Valley on Mummy Mountain sold for $15,650,000. That home had set a…
There are two professions that I believe to be the most difficult and challenging and in which I would not ever opt to enter. One is to own and operate a restaurant. The other is to be a new home builder. The…
You’ve long dreamed about building a custom home. You enjoy looking at glossy 4 color new home brochures, and have spent more than a few Sunday afternoons walking through builder’s model homes, and the thought of building new excites you. However, you’ve…
There may be changes ahead for our market of which we will speculate. In some ways, it’s pretty much business as usual, meaning limited inventory continues, yet there are other events occurring that could result in, what I call “a flash market.”…