There are myriad ways that a residential real estate deal can fall through. Some ways are preventable, others, not so much. The main reason why a home deal falls through is not because of a buyer not qualifying for a loan but…
Our Phoenician residential real estate market is healthy! Eight years of climbing home values have followed the worst real estate crash in our state’s history (See Chart). It’s taken 13 years to crest above the former highest median sales price in the…
My friend Tom called me up from the office of his tax preparer last week. He asked me if I had any documentation to demonstrate that he wouldn’t owe IRS big bucks from his short sale we successfully completed in January 2018….
Once again we report on the Valley residential real estate market. For the month of March 2019, we find that the housing market across Greater Phoenix has improved significantly during March but has yet to catch up with 2018. Though significantly higher,…
An interesting article in the Wall Street Journal recently indicated that “Exurb” communities, those that are an hour or more commute outside a main employment hub, such as Phoenix, are making a comeback. The writer further indicated that Millennials are a part…
PHASE ONE! Most folks think of real estate negotiation as a one-time event that occurs when a buyer first makes an offer on a home. Actually, there are several points of negotiation that take place throughout a typical residential transaction. The first…
This information is not the sort of news renters like to hear, but it continues to be our current reality. Rental prices on a per square foot basis have increased 43% since February of 2014. That’s an average of 8.6% per year!…
One of the fundamental reasons we’re experiencing health in our local residential real estate market is that we’ve maintained 8 years years of moderate appreciation rates since bottoming out. Not high, not low, but consistent. Affordability is, however, being threatened by appreciation,…
Usually, sales numbers tend to help homeowners and hurt buyers or vice-versa. January’s sales numbers are in from the ARMLS (Arizona Regional Multiple Listing Service) and they report that if you’re a buyer it’s good news. But also, if you’re a homeowner,…
October Sales Report The source of local real estate statistics matter. My first pass at writing today’s column was on our changing market slowing towards balance, which is down from our multi-year seller’s market. These numbers are based on our local Arizona…