Our Phoenician residential real estate market is healthy! Eight years of climbing home values have followed the worst real estate crash in our state’s history (See Chart). It’s taken 13 years to crest above the former highest median sales price in the…
It’s hard not to notice all the changes happening in our fair city. From free way expansions and overpass redos to new commercial projects breaking ground, the cacophony of power tools clouds the air. Maybe that’s a bit of an exaggeration, but…
THE PHOENIX NEW HOME INDUSTRY BOOMS Sorry for the delay folks. My dad and I were both running around showing properties all day yesterday, which of course is a good problem. But we will never forget our faithful readers! It’s hard not…
Once again we report on the Valley residential real estate market. For the month of March 2019, we find that the housing market across Greater Phoenix has improved significantly during March but has yet to catch up with 2018. Though significantly higher,…
AND JUST WHERE IS STANFIELD? ARLINGTON? Among local Phoenix-Metro communities some had substantial sales increases over the past year. These numbers, supplied to us by The Cromford Report, shows some surprises and raises questions. Like, where in the world is Arlington and…
One of the fundamental reasons we’re experiencing health in our local residential real estate market is that we’ve maintained 8 years years of moderate appreciation rates since bottoming out. Not high, not low, but consistent. Affordability is, however, being threatened by appreciation,…
As we’ve said before, if higher paying jobs are added to the local workforce, home values will continue to grow. Our local Chamber of Commerce, along with the State of Arizona, meet with companies of all sizes. Their job is to show…
Jerry Colangelo has never been accused of thinking small. For that matter, he’s never been accused of being a business failure either, though it seems for many, failure is a prerequisite to success. If Jerry’s latest project comes to fruition, it has…
No. At least not from what we can see at the moment. It’s true last year was slower than some, and it’s also true that so far 2019 has so far gotten off to a slow start. But a slow or stagnant…
Last week we started to look at real estate projections for the Valley (Phoenix Metro) for 2019. We began with sales and home prices, which are re-printed below. Following this we will look at mortgage rates, rentals and new home construction. Mike’s…