I received more comments from last week’s blog than any other blog I’ve written. The title, “Seeing An Approaching Price Tsunami?” was inspired not by my subjective feelings about the market getting hotter, although more often than not, those “feelings” have been…
Mark Twain said, “It ain’t the parts of the Bible that I can’t understand that bother me, it’s the parts that I do understand.” That’s how I feel about writing today’s Monday Market Snapshot. There are many causes having their effects on…
BUT NO ENCOURAGEMENT IN THE LONG TERM Almost all of the cities that make up the “Phoenix Metro Area” showed a shift toward buyers over the last week, according to the Cromford Index. Now in all these cases, we are still heavily…
Two weeks ago, my wife Karen and I spent a week in California enjoying a much-needed getaway and visiting family in Sonoma County and then heading out to Dillon Beach in North Marin County. It was restful. Then, this past weekend I…
*We apologize for the lateness of the email, our website was down yesterday. PHOENIX APARTMENT RENTS STILL RISING, BUCKING NATIONAL TREND According to Rent Café, an arm of Yardi, 253 out of 260 cities saw a level or decrease in residential apartment…
Well, there’s finally some good news to report for buyers, with the caveat that we’ve reported similar stories these past few years, and then the market turns towards sellers again. So wisely, we’re keeping the crystal ball on the shelf for now,…
MANY NEIGHBORHOODS AND PRICE RANGES ABLAZE! Our business calls for us to micro-watch various neighborhoods for buyers looking for specific homes in certain neighborhoods. We input their search parameters into our real time Multiple Listing Service (MLS) and when the home comes…
September Listing Supply Down 43% The Cromford® Market Index is over 200 for the first time since 2005, the market is obviously hot and remains unbalanced, favoring sellers. Demand is about 8% above normal, which is strong but not too unusual. What’s…
Last week we touched on the comparison of buying a new home versus a used one. We said, “With the current scarcity of existing homes for sale should buyers consider buying a new build? Or is resale still the preferred course? With…
Clients/friends of ours have made it a habit to buy a new home every 5 years, about the same amount of time many folks would buy a new car. They seemed to always be on the lookout for the next best Northeast…