When Losing Means Winning
When Losing Means Winning I met Pam (an alias) at a home listing I was holding open about three years ago in North Scottsdale. Pam liked the home but it wasn’t the one for her. She lived in SoCal and for the…
Buying
Sales Climbing + Prices Rising + Inventory Sliding = Buyer and Seller Gulf Widening
Sales Climbing + Prices Rising + Inventory Sliding = Buyer and Seller Gulf Widening June Sales Report The Phoenix Metro communities continue a solid and progressive home sales trend that on the one hand places us in the enviable position nationally of…
The Vanishing Act of Entry Level Affordability
The Vanishing Act of Entry Level Affordability The single family listing supply under the $200,000 price point has been consistently shrinking since 2010 and has dipped below the level of sales for the past two months with June potentially following suit. For…
Are Millenials Making Their Move?
ARE MILLENIALS MAKING THEIR MOVE? It was bound to happen and now it’s beginning. Millennial buyers are starting to move into the market in earnest. This is good news for our overall market for a number of reasons. But first, an expert’s…
Not Good News for Entry Level Buyers
Not Good News for Entry Level Buyers With one exception, all 17 of the largest cities in the Phoenix Metropolitan area are currently experiencing a “balanced” or “Seller’s” market. This is according to the Cromford Market Index (CMI). This is not good…
When Highest Isn’t Best
When Highest Isn’t Best I’ve got this terrific income property (multi-residential) newly listed that includes four 2 BR Duplexes (8 units) in Phoenix with solid monthly income of $4800 and a Cap Rate of near 8%. The owner, unlike many landlords, has…
Rental Market Remains Tight
RENTAL MARKET REMAINS TIGHT Good News Continues for Landlords – For Renters, not so Good More reports coming in are further demonstrating a local real estate market that continues to strengthen in a number of facets. First off, the rental market continues…
Sales Prices Moving Up
Sales Prices Moving Up Further Increases to Continue Although not great news for Phoenician buyers, sellers and prospective sellers of single family homes across the Valley can start their happy dance. For the monthly period ending April 15th, the Valley’s prices have…
MUB’s May Be Back in the Buying Hunt!
MUB’s May Be Back in the Buying Hunt! Besides some recent evidence that Millennial buyers are moving off the buying sidelines onto the real estate playing field, another block of mostly idled buyers, known as MUB’s, (Move-Up-Buyers) may now be suiting up…
Diminishing Supply – Increasing Demand
Diminishing Supply – Increasing Demand The Market is on the Rise! Son and business partner, Jonathan got his first live taste on the state of the buyer’s market out there making an offer on he and Sarah’s first home. He is one…