Even in a normal market, buying a home while having to sell yours first can be tricky. In this market, it’s more than a strain. Selling your property is the easy part. If your house is in good shape, priced well, and…
The current Phoenix Metro real estate appreciation is about 22% (based on the annualized monthly price per square foot). This is similar to 2004 which was one of the highest appreciation years in Arizona’s history (over 45%). That may change. The chart…
That’s what most of our clients seem to want to know right now, and after the trauma many endured from the crash over a decade ago, who can blame them? My first years in real estate (2009) was a short sale and…
Our first Snapshot of the year for 2021, but the same ole story is being played out as in previous years, only this year, it’s on steroids. One year ago, the esteemed Cromford Report, (our primary source for our accurate data), reported…
SINGLE FAMILY DETACHED HOME REPORT Our recent personal experience on the front line of home sales, has been showing us our need to be prepared to aggressively represent our buyer clients because of the number of multiple offers being received by sellers…
In 2005, mortgage lenders churned out millions of mortgages with many of them throwing out historical lending best practices. Why? Because they could, and there was very little oversight. In this perfect storm of hideous and illegal financial behavior, America, and much…
Over the last few years, the Bodeen Team has promoted the greatest loan on earth provided by the national advocacy group known as NACA, the Neighborhood Assistance Corporation of America. The loan is to benefit low to moderate income buyers and came…
We’ve been writing our Monday Market Snapshot for six years now, about the time that my son and business partner, Jonathan, came on board to greatly assist me in the business. We know the bottom of the market (price-wise) occurred in 2011,…
Before reading too deeply into this title, please understand that the article is NOT implying that lower (or higher) real estate values are worse (or better) than people dying from pandemic deaths. The virus is deadly serious and folks all around us…
In light of the global pandemic, it’s tempting to prognosticate about the normal return of our Phoenix Metro residential real estate market, however, wisdom would say, “Mike, let your words be few!” So, for now, we’ll just report on the actual sales…