Our residential sales market is changing at a faster pace than we’ve seen since 2000. It reversed a short and sharp initial pandemic downturn but has since come roaring back in the second half of May. In the midst of the pandemic,…
Then: Last week we discussed, that with two exceptions, the global pandemic had not been seriously affecting our Phoenix Metro residential real estate market. Those two exceptions included the high-end market of over $1,000,000 and our “over 55” communities. For several weeks…
The Covid 19 global pandemic is sadly affecting our families, workforce, economy and especially, for many – our personal lives. Many of us know friends or family members who have suffered and even died from this pandemic. I’m aware of a client…
In recent weeks, the Real Estate market here in the Phoenix area has been reheating, some might say dramatically. This is mostly true in the median price ranges (500k and below). The luxury market, while showing signs of improved demand, is not…
Before reading too deeply into this title, please understand that the article is NOT implying that lower (or higher) real estate values are worse (or better) than people dying from pandemic deaths. The virus is deadly serious and folks all around us…
Last Monday, considering being in the midst of Covid 19, our Snapshot asked the question, “Should Buyer’s buy?” My summation read in part: “Each buyer is unique. Some buyers can prosper in these times. I think the most important factor a buyer…
It’s a question that’s being asked more regularly in real estate circles since the pandemic began. And I can save you some time right now, that if you’re looking for a quick definitive answer, you won’t find it in today’s snapshot. The…
As you can imagine, Real Estate has slowed in the Phoenix area along with most other industries. We first noticed it in the first weeks of March when the COVID-19 federal guidelines were released. It wasn’t until that Tuesday however, when our…
In light of the global pandemic, it’s tempting to prognosticate about the normal return of our Phoenix Metro residential real estate market, however, wisdom would say, “Mike, let your words be few!” So, for now, we’ll just report on the actual sales…
The early 80’s was a tough time to be in real estate. In conjunction with sky-high oil costs (Arab oil embargo) and 18% mortgage rates, Real Estate had nearly ground to a halt. This was true nationally, but especially in the recreational…