I briefly mentioned Presidential politics last week, and then I noticed a few days ago where Michael Orr of the Cromford Report weighed in regarding whether or not a presidential election would make any “significant” difference for the housing market? I quote…
It is (or should be) the nature of salespeople to be bullish on their product or service. A downer attitude will pretty much ensure poor sales, unless perhaps you’re in the mortuary business. Thus, with excitement and reluctance, The Bodeen Team looks…
Looking at this past month, as is our custom, we bring you December 2023 numbers compared to December 2022. Active Listings: 14,593 vs 16,298 last year – down 10.5% – and down 8.7% from 15,981 last month Under Contract Listings: 5,127 vs…
If So, You Heard it Hear First You gotta admit, today’s Snapshot title is pretty provocative, eh? For those businesspeople who utilize CRM’s such as Constant Contact, each send-out report is analyzed for the percentage of “opens” it gets. Most get less…
Chuck, a friend and client of mine in his early 60’s had never owned a home in his life. He had rented a room from a mutual friend of ours in Tempe for almost 20 years. Last year, as mortgage rates began…
Everyone would love to know when the “bottom of the market” is, be it gold, stocks, or real estate. I’m continuing to see a number of national real estate pundits predict sharply falling home prices in some major metro areas in the…
Recent Rising Rates to Hinder? The new year, along with it’s former lower mortgage rates has brought about a wave of local home buying activity that’s been nothing short of amazing. Referring to the chart below, which is worth a thousand words,…
Looking back one year, I should have taken Casey Stengel’s advice to “never make predictions, especially about the future.” My 2022 predictions had the caveat that mortgage rates would not exceed 4%. They hit near 7.5% stopping half the market. They have…
The market is in an unpredictable place. We don’t know what’s around the corner, and even the experts that we follow are afraid to predict with any kind of confidence. The truth is right now we have good news and bad news,…
It’s been a strange few years for just about everything, let a lone real estate. It shouldn’t come as a surprise to hear us say that we haven’t quite seen anything like this market before. But I personally think that those who…