Nationally, when accounting for population growth, the pace of sales today reflects what economists consider a normal market like that of the early 2000s, when the pace of sales was just under 5 million homes a year. The pace of sales topped…
Phoenix Matches Nation’s Growth We knew what would happen when “it” happened, and now “it” is happening. And just what is the “it?” “It” is the millennial generation entering into the national (and local) real estate market in big numbers. And “it”…
Black Knight Financial Services recently released data which shows that Arizona mortgage delinquency rates are among the lowest in the country. For the month of February 2017, Arizona has 3.1% of its first position home loans in some form of delinquency (from…
As you can see by our historic median sales chart, the Phoenix Metro residential real estate market goes up and it goes down. In fact it has gone way up and it has gone way down. Just like most of the rest…
But are they the Best for Your Negotiations? I wrote a contract this weekend for clients who will be putting their home on the market shortly. They, like most of us, don’t want to have to move twice, so they elected to…
With a full month behind us, we start the 2017 sales season in earnest. We have good news for sellers but unfortunately, that often translates into bad news for buyers who are not yet not in the game. And that is now…
We’ve told you that things are heating up on the ground level in our business, and that we are optimistic for a strong 2017. What we haven’t told you about are the parts of the valley that are looking a little lackluster….
As our blog readers are quite aware, we use a lot of very good and, in our opinion, sound statistical information to help our clients and friends stay abreast of our Phoenix-Scottsdale Metro real estate market on a weekly basis. The information…
Labor Pool Shortage Continues… Maricopa County December sales numbers are in and they’re impressive! New home sales climbed to 1535, which was the highest monthly total since 2007 – almost a decade! And December is usually a quiet month, sales-wise. Not now….
CHANGE IS IN THE WIND 2017 looms ahead like a huge question mark for many people. Now we’ve never claimed to have a crystal ball, but I’ll fill you in on a few things here that we are actually feeling quite confident…