Our Changing Market
What’s Needed Now? In a rising and heated sales market, almost any agent can look like a genius sales guru. You may mess up inputting your data into the MLS, you could take house photos with a 10-year-old cell phone, you could…
Real Estate News
Every issue since 2013. Mike writes most of them, Jonathan writes the rest, and nothing has been taken down because it aged badly.
The Market Enters Balance, But for How Long?
Before we engage in our Phoenix Metro market discussion, let’s take a look at June’s stats to get you somewhat up-to-date, though with the way the market’s so quickly moving, we might be out of date before the fireworks fly this evening….
Pandemic Appreciation
Mortgage rates may determine how long our (national and Phoenix) current downturn will last. Mortgage rates, of course, are determined by the cost of living, aka inflation. Lenders don’t make money by loaning to us at less than the rate of inflation….
Pandemic Appreciation
Not easily forgotten is the winter of 2020, which emerged the reality of a worldwide pandemic not seen in my lifetime. In February 2020, appreciation in our market was nearly 10%. There was a six-year period from 2014 to 2020 that had…
A Return to Balance
If you’re a Star Wars junkie, like my son and business partner, you might get a chuckle from today’s Snapshot Heading. If not, then what I’m referring to today is that our Phoenix Metro real estate market is reversing course, cooling its…
Buyer Patience Paying Off?
Market Adjustment Continues The first buyer benefit to be occurring amidst the current Phoenix Metro market adjustment is the number of homes rapidly coming on the market, hence, increasing inventory. Another buyer benefit and market gauge we’ll be looking at a little…
Have We Entered the Next Industry Contraction?
Real Estate and Mortgage Lenders Will Grapple with Change I am a blessed man, and how well I know it! I found (fell into) a career in my very early 20’s that I have enjoyed immensely. For sure, it’s had its ups…
Sellers Jumping on the Bandwagon?
Not Yet, But it May Not be a Bad Idea, if… It’s in our nature. We want to buy low and sell high. “Timing the Market” is certainly on the lips of lots of stock market pundits these days – and is…
Ask and it Shall be Given to You
Buyers Want More Supply – 3,000 New Listings in One Week! Buyers have been wanting more supply for years, and now it’s happening! From May 7th to 14th, 3000 new residential listings have been added to the Arizona Regional Multiple Listing Service…
As the Market Turns!
It’s happening folks, right before our eyes. The market is changing, umm, cooling. But before we go there, we’ll report on April’s sales numbers: Active Listings: 6,688 versus 5,080 last year – up 31.7% – and up 32.4% from 5,051 last month…