Listed below are Maricopa County’s February’s sales numbers for both resales and new homes. These numbers are mildly interesting, sort of going against the grain of our conventional thinking of supply and demand. But then again, when has a Phoenix market ever…
7% Mortgage Rates No Help but Good Loans Available in 6% Range Ultimately, the acid test of where any given real estate market is at currently, may reside in the number displayed on the chart below: “Listings Under Contract.” This week’s Listings…
First of all, let’s look at January’s sales numbers to see if we can gain some insight as to the direction of our market, since that seems to be the number one question most asked Jonathan and I by friends, family, and…
Back in October 2023, we were reporting the negative direction that the Phoenix Metro residential real estate market was taking if you were a seller. (see October 26th Cromford Market Index directly below) As you can see, EVERY city in the October…
We trust your Thanksgiving weekend was wonderful! Apart from the traditional, additional, and certainly not subliminal poundage gained, it was for the 18 or so Bodeen family and friends who gathered at our home😉. As most of our readers are aware, we…
Time to Get Off the Sidelines Buoyed by good news showing that our overheated economy is finally cooling, and inflation lowering, conventional rates have dropped down to 7.37% as of Friday, the 17th of November, per Mortgage News Daily. Better yet, FHA…
I’ve been through three of these downward sales cycle rodeos in my career. They are never fun. If we knew what the rate and listing trajectory would be over the next months, buyer and seller advice would be easier. Unfortunately, I left…
If I wanted to, I could spin our local real estate news favorably towards buyers or sellers, because on the surface there’s good news for buyers and sellers. And then again, there’s also bad news for buyers and sellers. And with a…
Plus Thousands of Other Affiliates? The question on most everyone’s mind who has any affiliation with residential real estate these days (buyers, sellers, Realtors, lenders, title companies, etc., etc.,) is: “What’s going to happen to real estate?” Another way we’re phrasing the…
But it’s a Catch-22 The numbers are in for September showing a swing towards buyers. Inventory is rising, sales are slowing. The Maricopa County recorded deeds* (Affidavits of Value**) recorded during September show us the following: There were 5,896 closed transactions, down…