Every issue since 2013. Mike writes most of them, Jonathan writes the rest, and nothing has been taken down because it aged badly.
The Vanishing Act of Entry Level Affordability The single family listing supply under the $200,000 price point has been consistently shrinking since 2010 and has dipped below the level of sales for the past two months with June potentially following suit. For…
ARE MILLENIALS MAKING THEIR MOVE? It was bound to happen and now it’s beginning. Millennial buyers are starting to move into the market in earnest. This is good news for our overall market for a number of reasons. But first, an expert’s…
Not Good News for Entry Level Buyers With one exception, all 17 of the largest cities in the Phoenix Metropolitan area are currently experiencing a “balanced” or “Seller’s” market. This is according to the Cromford Market Index (CMI). This is not good…
When Highest Isn’t Best I’ve got this terrific income property (multi-residential) newly listed that includes four 2 BR Duplexes (8 units) in Phoenix with solid monthly income of $4800 and a Cap Rate of near 8%. The owner, unlike many landlords, has…
The NorthScottsdale.com Zip Line Report North Scottsdale (and Neighboring Communities)* 85254 – North Scottsdale zip code 85254, known as “The Magical Zip Code,” is showing that listings have increased compared to last summer but modestly. Pending Sales are up 33% over 2014…
Arizona Home Delinquency Rates Keep Dropping – Down to 3.3% 9.6% of Loans However Remain Underwater Homeowners with mortgages in Arizona have increasingly been improving their delinquency level which is defined as having a late payment, but not having a Notice of…
Sales Prices Continue Rise But Do Pending Prices Indicate a Leveling Off? Sales prices rose again in the past 30 days in our Phoenix Metro communities measuring all areas and types of housing. Many are wondering if this recent rise will be…
The Northeast Valley Luxury Home Sales Market — Seller Patience or Radical Price Surgery – Your Choice All real estate is local. When observing the trends and data for the Phoenix Metro real estate market, we often use all parts of the…
APRIL SALES MARKET SUMMARY Here are the basic ARMLS (local Multiple Listing Service) numbers for May 1, 2015 relative to May 1, 2014 for all areas & types: Active Listings: 21,512 versus 26,205 last year – down 17.9% – and down 3.5%…
RENTAL MARKET REMAINS TIGHT Good News Continues for Landlords – For Renters, not so Good More reports coming in are further demonstrating a local real estate market that continues to strengthen in a number of facets. First off, the rental market continues…