Well, there’s continued good news for sellers and continued not so good news for buyers. Because all of us on the Bodeen Team are homeowners, we’re personally thrilled with this news. However, because all of us represent buyers as well as sellers,…
Our local real estate news continues to be positive for sellers and not so much so for buyers. And now, supply is even dropping in the higher price ranges as well. Across the board in Metro Phoenix, active listings for sale are…
I’m currently in the midst of negotiating a property sale for a buyer client in the Southeast Valley. It’s hit a VERY delicate point in the negotiations. At the time of this writing (Monday am) the outcome remains in doubt. These human…
Pun Intended. When it comes to Real Estate, my dad (the illustrious Mike Bodeen) and I don’t always agree on everything. Unfortunately for me, this last week, on two separate occasions, I was forced to realize that my dad, as he too…
Appreciation Up. Sales Modest. Buyer Competition Grows. Real estate news continues in a positive vein for sellers but a negative one for buyers. So what’s new!? First of all, let’s look at our Phoenix Metro market, the big picture, which is helpful…
Low End Goes Pretty Low! The last few months have seen the Valley set new sales price highs, and by a lot too! Back in mid-December, a home in Paradise Valley on Mummy Mountain sold for $15,650,000. That home had set a…
There are two professions that I believe to be the most difficult and challenging and in which I would not ever opt to enter. One is to own and operate a restaurant. The other is to be a new home builder. The…
You’ve long dreamed about building a custom home. You enjoy looking at glossy 4 color new home brochures, and have spent more than a few Sunday afternoons walking through builder’s model homes, and the thought of building new excites you. However, you’ve…
A question that comes up periodically from home-buyers of every era I’ve been in residential real estate – yea, like since 1976, is “What about buying or building a new home? Is that a good way to go?” It’s a great question…
26% $/SF Rental Rate Increase in Less Than 4 Years! We spent some time in recent issues looking at the residential real estate sales market prognosis for 2018 and now it’s time to focus on the very important rental market. Most of…