THE NEXT ARIZONA GOLD RUSH? It was bound to happen and it might just be underway. There’s a lot happening in California right now that’s affecting Arizona and other Sun Belt states, and it’s not all about the upcoming primary election. A…
Will Larger Expensive Homes Go Away? As we’ve been reporting fairly regularly, price matters. The higher the listed price, the fewer the buyers who can afford even looking at a home. Yes, this would seem to be obvious to even a casual…
Though Jonathan and I like to provide market updates each week, the most accurate data comparisons are quarter vs quarter, and having just wrapped up the first quarter, we can now compare this 2016 first quarter with the first quarter of 2015,…
Rental Prices Keep Moving On Up What’s a Renter To Do? Rental demand continues to skyrocket and with it rental prices have risen dramatically. The average lease price for an active listing in the Arizona Regional MLS is now at $2087 per…
StreetScout.com… a Better Way? Zillow has become probably the most widely used home searching tool in the United States. If you, like many of our clients have browsed Zillow, you may have seen, or even used their “Zestimate” tool. With a click…
“So how’s the market?” you ask. “Great!” I respond, but then quickly add; “Wait which market would you like to know about?” While the Phoenix Metro Market is incredibly nuanced from neighborhood to neighborhood, we can divide the market here into three…
Program Aims to Help Low to Moderate Borrowers FHA loans have long been an important and fundamental part of providing American home buying consumers with affordable mortgages using down payments as low as 3.5%. Other benefits with the FHA loan include more…
The Phoenix Metro rental market appears to still be quite hot. Supply of listings available on ARMLS (our local multiple listing service) continue to drop as 2620 new rental listings were added as of the past four weeks, which was 15% fewer…
Seven Year Run of Moderation Among Nations Best It’s sometimes hard to describe where our market is trending at, and perhaps it’s not trending anywhere. Depending on the market that we Realtors find ourselves working in however, it can seem very hot,…
View Randy Johnson’s Home for Sale and the Valley’s Most Expensive Listing Question: “What is the most expensive house that has ever sold in the Greater Phoenix area?” Michael Orr of ASU/Cromford Report, responds: “This is harder to answer than it sounds….