Black Knight Financial Services recently released data which shows that Arizona mortgage delinquency rates are among the lowest in the country. For the month of February 2017, Arizona has 3.1% of its first position home loans in some form of delinquency (from…
Phoenix Metro April Sales Report Sales are up and listings are down which remains a stickler for many buyers. Listings are down 11.9% vs last year while sales have increased 10.7%. What’s amazing to us is that we’re not seeing stronger growth…
We’ve speculated for several years now why the millennials seem to be slow to go – from home that is. A new report by real estate firm Abodo, is shedding some light on what that those reasons might be. Per usual, follow…
We often report sales figures on a valley-wide basis because much of our sales research is delivered to us in that way. Today, we’re going to give you a micro approach based on sales of single family homes in various cities and…
Preliminary Maricopa County closing numbers for February are in and they’re looking pretty good. Total sales are up 12% over February 2016 (similar to the gain in ARMLS sales). However new build closings are up 26% year on year, whereas re-sales are…
We have much information on homes for sale, sale prices, prices per square foot, etc, but what is not as well understood is our residential rental market. The Cromford Report has perhaps the best reporting, but it only reports what’s renting within…
When $12,750,000 is a Deal Compared to high end home sales prices in Los Angeles, Manhattan, or Vail, $12 million would make a paltry down payment. But in Paradise Valley, Arizona, one gets a heart thumping 2.5 acre estate. And amazingly, as…
With a full month behind us, we start the 2017 sales season in earnest. We have good news for sellers but unfortunately, that often translates into bad news for buyers who are not yet not in the game. And that is now…
I’m writing about townhomes this week because I sold one last week in south Phoenix and I’m about to sell one in North Phoenix which I showed to a young man this past Saturday. The builder is the same, D.R. Horton Homes….
As our blog readers are quite aware, we use a lot of very good and, in our opinion, sound statistical information to help our clients and friends stay abreast of our Phoenix-Scottsdale Metro real estate market on a weekly basis. The information…