There’s good news for buyers regarding inventory. Active listings increased in November, up 3.4% from the month earlier and up 0.8% from one year ago. The downside for our buyer pool is that median prices continued to rise, (seller good news) up…
Recent research conducted by the online real estate portal, Trulia, (owned and operated by Zillow) identified the 100 largest Metro areas in the U.S. to determine which were primed for growth in the year ahead, and which areas where growth probably won’t…
The market is slowing! But according to Arizona’s most acknowledged local residential real estate expert, Michael Orr, it is a modest slowdown. He also points out that there is an increased likelihood that prices will not drop but continue to increase when…
October Sales Report The source of local real estate statistics matter. My first pass at writing today’s column was on our changing market slowing towards balance, which is down from our multi-year seller’s market. These numbers are based on our local Arizona…
Balance is good, especially in local real estate markets. Sure, if you’re a homeowner, you’d like to see the scales tilt towards a seller’s market, which we’ve been experiencing for several years now. And if you’re a buyer you want to see…
For the monthly period ending October 15th, the market is currently recording a sales $/SF of $162.00 averaged for all areas and types across our local MLS. This is up 0.2% or 37 cents from the $161.63 that the Cromford Report measured…
For various reasons, my family moves a lot – about every 5 years. I used to think this was terribly abnormal, until I learned that Arizona leads the nation as the most frequent movers in the country. Oh, and the least frequent…
This past Saturday, my clients, found a home online in the Scottsdale Country Club for sale that they wanted to see. The listing agent was holding an open house so they went to view it – and really liked it. It was…
A Quick Introduction into Home Renovation Purchase Loans A problem that many buyers are having is the lack of upgraded homes in their price range. There just isn’t a lot out there right now! One of my clients experiencing this problem right…
Here and now: Regarding the current pool of homebuyers in the Phoenix Metro area, sometimes “ya gotta do whatcha gotta do.” As we see active residential listing inventory remaining low, and down over 7% compared with last year we continue to urge…