Last week we started to look at real estate projections for the Valley (Phoenix Metro) for 2019. We began with sales and home prices, which are re-printed below. Following this we will look at mortgage rates, rentals and new home construction. Mike’s…
With some fear and a little trepidation I look back one year to see how our 2018 valley real estate predictions turned out. Here’s what we said and what happened: We said: Strong population growth has returned to Arizona and the Valley….
Recent research conducted by the online real estate portal, Trulia, (owned and operated by Zillow) identified the 100 largest Metro areas in the U.S. to determine which were primed for growth in the year ahead, and which areas where growth probably won’t…
Here and now: Regarding the current pool of homebuyers in the Phoenix Metro area, sometimes “ya gotta do whatcha gotta do.” As we see active residential listing inventory remaining low, and down over 7% compared with last year we continue to urge…
Five Reasons Why Welcome to 2018! Ready or Not Here We Go!! Back in 2017 (last week’s issue) I wrote that there are 5 Reasons why I believe we’re looking at a continued strong and healthy Phoenix residential real estate market in…
We’re winding down the 2017 Phoenix Metro residential real estate market, which should go down as the 6th consecutive year of a stellar and balanced market, not seen — ever! Well, ‘ever’ is a long time, but not since 1994 when I…
We’ve been here before. We still sound like we’re “crying wolf!” ‘Mike, why would you be talking about higher mortgage rates again? It’s been so long since we’ve been above the 3.5% to 4.5% range, why do you think this will change?”…
Cromford Market Index is a value that provides a short term forecast for the balance of the market. It is derived from the trends in pending, active and sold listings compared with historical data over the previous four years. Values below 100…
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…
Realtor.com just released their national real estate forecast for 2017 and it comes with great news for the Phoenix Metropolitan Area! It turns out that of all metro areas in the U.S., Phoenix is projected to have the greatest growth in total…