PRICES TO RISE. RENTS TO RISE MORE? September Sales Report “Appreciation of around 5% seems to be the order of the day. This may not appear to be a big number but in a deflationary climate a 5% climb should be interpreted…
STOCKS VERSUS REAL ESTATE? At last glance this Monday morning, the stock market’s DJIA was off 200 points. That’s really good news considering it started the day being negative by 1000 points — something about China’s slowing economy affecting our market. Hmm….
Investors to Thank? I’m considering our Arizona extremes which is easy to do when there’s an excessive heat warning today (Friday the 14th). Are these the dog days of August yet? I do believe so. And what are “dog days” anyway? According…
Design Trends for 2015 – You’ll Be Floored! Home remodeling is making a comeback. Is it in full swing? Not yet, although companies like Home Depot and Lowes would have a better grip on that than I would. As the economy appears…
July 1st MARKET REPORT – IN A WORD; BORING! The 8,721 closed listings in June were the highest since May of 2013. Overall market demand remains normal, but again, diminishing listings remain the story. Experts, including Michael Orr of ASU/Cromford report indicate…
The Vanishing Act of Entry Level Affordability The single family listing supply under the $200,000 price point has been consistently shrinking since 2010 and has dipped below the level of sales for the past two months with June potentially following suit. For…
ARE MILLENIALS MAKING THEIR MOVE? It was bound to happen and now it’s beginning. Millennial buyers are starting to move into the market in earnest. This is good news for our overall market for a number of reasons. But first, an expert’s…
Not Good News for Entry Level Buyers With one exception, all 17 of the largest cities in the Phoenix Metropolitan area are currently experiencing a “balanced” or “Seller’s” market. This is according to the Cromford Market Index (CMI). This is not good…
The NorthScottsdale.com Zip Line Report North Scottsdale (and Neighboring Communities)* 85254 – North Scottsdale zip code 85254, known as “The Magical Zip Code,” is showing that listings have increased compared to last summer but modestly. Pending Sales are up 33% over 2014…
Arizona Home Delinquency Rates Keep Dropping – Down to 3.3% 9.6% of Loans However Remain Underwater Homeowners with mortgages in Arizona have increasingly been improving their delinquency level which is defined as having a late payment, but not having a Notice of…