Good news continues for prospective renters who haven’t gotten much of a break over the last few years. The long-term rental supply is growing – quickly. There are over 2900 active rental listings (on our local MLS). This is an 18% increase…
The “short-term” outlook for our Phoenix Metro residential real estate market seems determined to continue a steep drop in sales and a downward adjustment of pricing. This is due to the meteoric rise in listing inventory caused in large part by the…
What’s Needed Now? In a rising and heated sales market, almost any agent can look like a genius sales guru. You may mess up inputting your data into the MLS, you could take house photos with a 10-year-old cell phone, you could…
Before we engage in our Phoenix Metro market discussion, let’s take a look at June’s stats to get you somewhat up-to-date, though with the way the market’s so quickly moving, we might be out of date before the fireworks fly this evening….
Mortgage rates may determine how long our (national and Phoenix) current downturn will last. Mortgage rates, of course, are determined by the cost of living, aka inflation. Lenders don’t make money by loaning to us at less than the rate of inflation….
Not easily forgotten is the winter of 2020, which emerged the reality of a worldwide pandemic not seen in my lifetime. In February 2020, appreciation in our market was nearly 10%. There was a six-year period from 2014 to 2020 that had…
If you’re a Star Wars junkie, like my son and business partner, you might get a chuckle from today’s Snapshot Heading. If not, then what I’m referring to today is that our Phoenix Metro real estate market is reversing course, cooling its…
Market Adjustment Continues The first buyer benefit to be occurring amidst the current Phoenix Metro market adjustment is the number of homes rapidly coming on the market, hence, increasing inventory. Another buyer benefit and market gauge we’ll be looking at a little…
Real Estate and Mortgage Lenders Will Grapple with Change I am a blessed man, and how well I know it! I found (fell into) a career in my very early 20’s that I have enjoyed immensely. For sure, it’s had its ups…
Not Yet, But it May Not be a Bad Idea, if… It’s in our nature. We want to buy low and sell high. “Timing the Market” is certainly on the lips of lots of stock market pundits these days – and is…