Though Jonathan and I like to provide market updates each week, the most accurate data comparisons are quarter vs quarter, and having just wrapped up the first quarter, we can now compare this 2016 first quarter with the first quarter of 2015,…
“So how’s the market?” you ask. “Great!” I respond, but then quickly add; “Wait which market would you like to know about?” While the Phoenix Metro Market is incredibly nuanced from neighborhood to neighborhood, we can divide the market here into three…
Program Aims to Help Low to Moderate Borrowers FHA loans have long been an important and fundamental part of providing American home buying consumers with affordable mortgages using down payments as low as 3.5%. Other benefits with the FHA loan include more…
Meanwhile, Rents Continue to Rise We’ve told you recently, on more than a few occasions, that rents are rising across the valley. What may be frightening for those still renting, is that this trend does not seem to be going away. This…
The Phoenix Metro rental market appears to still be quite hot. Supply of listings available on ARMLS (our local multiple listing service) continue to drop as 2620 new rental listings were added as of the past four weeks, which was 15% fewer…
Well, Arizona may not have the best football team as we saw with the Cardinals ugly NFC Championship loss to Carolina yesterday! But, Arizona does have what is probably the finest number crunching real estate geek mathematician in the country, in Michael…
View Randy Johnson’s Home for Sale and the Valley’s Most Expensive Listing Question: “What is the most expensive house that has ever sold in the Greater Phoenix area?” Michael Orr of ASU/Cromford Report, responds: “This is harder to answer than it sounds….
It’s impossible to predict Real Estate performance with 100% accuracy. Often the statisticians and the Real Estate community at large get it wrong. So whenever we try to predict values or market heat, we always try to do it with more than…
Solid and Balanced Market Continues The good news is that the Phoenix Metro real estate market will surpass the last two years in many important categories including the number of sales, average and median sales prices, numbers of homes under contract and…
The Contingency Sale – A Buyer Opportunity Also; Pending Listings Down 42% Since 2011 In two previous installments about the Contingency Sale, we concentrated on how and why sellers should now be considering offers on their homes with a buyer contingency that…