Hello Buyers? Where are You? From Mortgage Bankers to New Home Builders to Title Companies, to livelihood threatened real estate agents, and many others, the same question is being asked industry-wide: When will buyers jump back into the market? Mortgage rates have…
Pricing Stable – for Now! Mortgage Rates are at their lowest since April of 2023! The Mortgage News Daily is showing the 30 Year Fixed Rate average is down to 6.27%, while FHA and VA are down to an average of 5.68%!…
I hope this Labor Day holiday edition of our Snapshot finds each of you enjoying the time with close friends and family – holidays with loved ones are helpful to remind me of the things in life that really matter. That is…
Are We at Market Bottom? For month’s we’ve been reporting on the Phoenix Metro residential real estate market’s downward market direction (sales and prices) and that this was a “window of time” for buyers to strongly consider making their move, because this…
Next week we’ll be picking up our discussion about the most monumental change in the “practice” of residential American real estate history that begins this month – the New Agent Reformation of real estate buyer’s agents, and the kick in the pants…
The obstinate 7% mortgage rate made a dramatic two day drop at the end of last week – such a drop to a level not seen since February. On Friday, the 30-year fixed rate mortgage, as reported by Mortgage News Daily on…
We hope your 4th of July weekend was awesome – in so many ways! June’s numbers are in and here they are – the ARMLS numbers for July 1, 2024 compared with July 1, 2023 for all areas & types: Active Listings:…
As the Market Changes Our changing market didn’t start changing this last week. But certain market evidences have continued to manifest which are pointing to an inevitable conclusion – residential real estate prices will, in many cases, drop – but just for…
As mentioned several times before, agents can do all the right things, jump through all the right hoops, but if our buyer clients in fact can’t find that right place for them, we’ve failed and we’ve earned – zero! This is the…
Stuff’s Been Happening For 6 or more weeks, we’ve been looking at and (rightly) devoting most of this Snapshot space to the industry altering lawsuit known as Sitzer-Burnett; et al, vs the National Association of Realtors (NAR), a case won by Sitzer,…