For those of us with sufficient age maturation who lived the 60’s and loved the music of that era, I’ve included the link to The Mamas and the Papas biggest hit ever, which arrived in 1965, titled California Dreamin.’ For my business…
We apologize for the delay in the snapshot this week. Regularly scheduled programming will now resume! The MLS numbers for November 1, 2020 compared with November 1, 2019 for all areas & types: Active Listings: 8,682 versus 14,525 last year – down…
This was an interesting article via GoBankingRates.com. The company analyzed the median income in 50 U.S. cities. It then showed (in their opinion) the income needed to live comfortably if you were a homeowner AND a renter. Three cities in Arizona were…
Our Monday Market Snapshot Newsletter continually adds new viewers. Thus, the weekly reporting that we’ve been doing, seemingly forever, may be old hat, even boring to our regulars who’ve been watching this upward moving market play out for years. However, to newer…
SALES: New September listings, compared to 2019, increased 17%. On the surface that sounds promising for buyers who have continued to experience a dearth of available homes on the market. Unfortunately, the extra listings were met with increased demand, so the net…
We’ve been watching our Phoenix-Metro residential real estate market closely for years, but acutely since the global pandemic began earlier in the year. Particularly, our falling supply. Originally, the numbers seemed to indicate what most of us felt was going to happen…
For months and years, our weekly Monday Market Snapshot has reported the unending buyer trauma of a torrid seller’s market. Inventory shrinking to near record lows, current double-digit appreciation, sales increasing despite the low inventory, and multiple offers on the lower price…
Arizona is setting heat records, and we’re not just speaking of August and September 2020 outdoor temperatures, which have been blazing! We’re also speaking of the rising appreciation rates now experienced in the Phoenix Metro residential real estate market. The Monthly average…
No matter which direction we look, the Phoenix Metro real estate market continues to be leading the country in whatever category you want to gauge. Resale Appreciation? Okay, the resale housing market is ablaze. The conservative 3 month S&P Case Shiller price…
REAL (ESTATE) NEWS What’s happens in Silicon Valley, (San Francisco Bay Area) is apparently not staying in the Bay Area for many workers now being impacted by the Covid 19 virus. Since the pandemic became local, tens of thousands of tech employees…