The early 80’s was a tough time to be in real estate. In conjunction with sky-high oil costs (Arab oil embargo) and 18% mortgage rates, Real Estate had nearly ground to a halt. This was true nationally, but especially in the recreational…
We’ve been reporting that it’s a seller’s market for a number of years now. What that ultimately means is that the ratio of supply and demand weighs heavily in favor of sellers. Some might infer this means demand is high and supply…
January 1st of each year, there is a major drop in the number of active listings in the Phoenix metro market, because many listings’ expiration dates were tied to the end of the previous year. This year was no different. Historically, January…
As Realtor professionals, we view the current Phoenix Metro residential real estate market landscape with a mix of excitement and wonder. Excitement because we’re seeing the initial stages of a potential and dramatic market shift. I mean, this is happening now, in…
Since 2013, our Phoenix Metro residential real estate market has suffered a continuous annual drop in available listing inventory. A number of blogs ago we discussed reasons why this lingering problem persists. A few possibilities were discussed, but an article that appeared…
Since 2013, our Phoenix Metro residential real estate market has suffered a continuous annual drop in available listing inventory. A number of blogs ago we discussed reasons why this lingering problem persists. A few possibilities were discussed, but an article that appeared…
MORTGAGE RATES: I like this chart below.It gives us a unique perspective over almost 50 years of mortgage rate history spanning four decades. My own career started in 1976 (at the very tender age of 22) when rates were 9.75% for second…
I just finished reading an interesting analysis of the Phoenix Metro residential construction industry and the challenges it’s currently facing. The good news is that Maricopa County, being the fastest growing county in the nation, is creating the need for new employment…
PERHAPS, BUT WE HAVEN’T SOLVED THE PROBLEM! It has perplexed local and national real estate experts for several years now. In Arizona it has meant a continued rise of both home values and rental prices – and unfortunately (or fortunately if you’re…
Last week we looked at seller strategies for navigating Arizona’s Due Diligence period to help sellers avoid a transaction falling through. The best advice in this matter is no different than healthy advice for any topic; be prepared. Know the condition of…