The amazing Cromford Report, which is our chief supplier of residential real estate data in every possible category, and more, is also my chief inspiration for many of my snapshot articles. And I’ve said it before, Cromford’s CEO, Michael Orr, many years…
For buyer’s sake, we’ve been hoping that the supply of more homes coming on the market would increase this Spring. This is not happening. In fact, the opposite – we’re losing more inventory. The other major hope that could help buyers would…
Back in 2014, we saw that the active amount of listings on the market was about 25,000 and the number of days on the market was 117. 20,000 to 30,000 homes (SFD, townhomes, condos, mobile homes) on the market is about average,…
Once again, Maricopa County is #1 in net population growth in the nation, adding 57,000 (figures rounded) residents in 2022, per figures recently released by the U.S. Census Bureau. This is a 1.3% population increase over 2021. Domestic net migration (births, death,…
Is the Phoenix Metro residential real estate market strong or weak? Spoiler alert. An argument can be made for both, which depends on whether you’re buying or selling. Let’s see how this can be. First, for buyers, the Phoenix Metro market fell…
Questions? Will the Phoenix Metro listing inventory pick up the pace to provide our buyers with more buying options? Will mortgage rates ever return to their historic low levels of sub 4% or sub 5%? I don’t know the answer to the…
Mike’s Note: Silicon Valley Bank failed this past week, and it’s yet too early to see how mortgage rates will respond to this, though economic bad news is often good news for long term mortgage rates. How’s that for a positive spin?…
But Will 7% Mortgage Rates Play the Spoiler? Well, that didn’t last long. For 12 years, from November of 2010 until this past December, the Phoenix Metro residential sales market had been in a sustained seller’s (or briefly balanced) resale market as…
Everyone would love to know when the “bottom of the market” is, be it gold, stocks, or real estate. I’m continuing to see a number of national real estate pundits predict sharply falling home prices in some major metro areas in the…
Since I had no dog in the Super Bowl fight yesterday, I was looking for an exciting game with a great finish. Very few Super Bowls have ever had two teams so equal, be it wins and losses, talented rosters, and even…