The Right Time to Buy May be Now! Mike, you seem a little two-faced between last week’s Snapshot and this week’s. On the one hand you prepped Sellers to strongly consider getting their home ready for market – that it might be…
The Right Time to Sell May be Now! Believe it or not, there may be a seller’s opportunity to successfully sell shortly. This may seem counter intuitive in our current buyer’s market, but hang with me here, I may not be totally…
Where are We Now? Well, unless you’ve been hiding under a rock, or not reading Mike’s Monday Snapshot, you’re well aware of a continued Buyer’s Market the Phoenix Metro real estate market is in – as is most of the country. Phoenix…
Are Both Currently Possible? Despite having the best of intentions, the Bodeen families were enjoying Lake Tahoe and Truckee’s 85 degree days and 50 degree nights too much last week to get last week’s Market Snapshot out. But alas, we’re back in…
While Others Throw in the Towel We trust you enjoyed the 249th birthday celebration of our country’s founding this weekend. I still fondly recall our bicentennial celebration 49 years ago (big ships) and look forward to our 250th next year! Though no…
Yet there is a Silver Lining! Mortgage Rates Near 8 Month Low At the beginning of 2025, I ventured to write the following in a guesstimate of where our Phoenix Metro residential sales market could be headed in 2025. I gave three…
Last week we asked the question about which agents will survive the current turndown. I shared about how I was able to do this through the decades, and it wasn’t easy. Now, with a down market, and new commission rules in place,…
Part One – How I Managed Last month, a close friend asked if I would chat with a distant relative of hers who was considering relocating from the Southeast to Phoenix to start a real estate career. A few days ago, I…
Will 7% Become the New Mortgage Rate Sweet Spot? Active listings at May’s end continued increasing though much slower. Under Contract listings dropped noticeably, down 4.7% from one year ago and down 12% from last month. Sales shrunk 6.6% from one year…
Major Bank Survey Alarming for Buyers and Sellers When I began my real estate career in the summer of 1976, (200th Birthday of our country) the 30-year mortgage rate hovered around 9%. Because my market was a second home community (Donner Lake,…