Phoenix Matches Nation’s Growth We knew what would happen when “it” happened, and now “it” is happening. And just what is the “it?” “It” is the millennial generation entering into the national (and local) real estate market in big numbers. And “it”…
Last week we looked at how Mike got started in his 41 year real estate career and this week we look at young son Jonathan’s humble real estate beginnings. You might think I had something to do with Jonathan’s desire to get…
I never gave it even one thought that my son Jonathan would follow me into the real estate business. Furthermore, truth be told, I never encouraged him to do so either. He slipped through the back door about 8 years ago, just…
Black Knight Financial Services recently released data which shows that Arizona mortgage delinquency rates are among the lowest in the country. For the month of February 2017, Arizona has 3.1% of its first position home loans in some form of delinquency (from…
As you can see by our historic median sales chart, the Phoenix Metro residential real estate market goes up and it goes down. In fact it has gone way up and it has gone way down. Just like most of the rest…
Phoenix Metro April Sales Report Sales are up and listings are down which remains a stickler for many buyers. Listings are down 11.9% vs last year while sales have increased 10.7%. What’s amazing to us is that we’re not seeing stronger growth…
We’ve speculated for several years now why the millennials seem to be slow to go – from home that is. A new report by real estate firm Abodo, is shedding some light on what that those reasons might be. Per usual, follow…
We often report sales figures on a valley-wide basis because much of our sales research is delivered to us in that way. Today, we’re going to give you a micro approach based on sales of single family homes in various cities and…
Preliminary Maricopa County closing numbers for February are in and they’re looking pretty good. Total sales are up 12% over February 2016 (similar to the gain in ARMLS sales). However new build closings are up 26% year on year, whereas re-sales are…
We have much information on homes for sale, sale prices, prices per square foot, etc, but what is not as well understood is our residential rental market. The Cromford Report has perhaps the best reporting, but it only reports what’s renting within…