Sales Prices Continue Rise But Do Pending Prices Indicate a Leveling Off? Sales prices rose again in the past 30 days in our Phoenix Metro communities measuring all areas and types of housing. Many are wondering if this recent rise will be…
APRIL SALES MARKET SUMMARY Here are the basic ARMLS (local Multiple Listing Service) numbers for May 1, 2015 relative to May 1, 2014 for all areas & types: Active Listings: 21,512 versus 26,205 last year – down 17.9% – and down 3.5%…
RENTAL MARKET REMAINS TIGHT Good News Continues for Landlords – For Renters, not so Good More reports coming in are further demonstrating a local real estate market that continues to strengthen in a number of facets. First off, the rental market continues…
Sales Prices Moving Up Further Increases to Continue Although not great news for Phoenician buyers, sellers and prospective sellers of single family homes across the Valley can start their happy dance. For the monthly period ending April 15th, the Valley’s prices have…
MUB’s May Be Back in the Buying Hunt! Besides some recent evidence that Millennial buyers are moving off the buying sidelines onto the real estate playing field, another block of mostly idled buyers, known as MUB’s, (Move-Up-Buyers) may now be suiting up…
Diminishing Supply – Increasing Demand The Market is on the Rise! Son and business partner, Jonathan got his first live taste on the state of the buyer’s market out there making an offer on he and Sarah’s first home. He is one…
Current Pending Sales Foreshadowing an Active Spring Luxury Market Sales Taking Off Also If you’re reading current local real estate news reports regarding home sales and price increases of those sales, you’ll see it being lackluster at best. As we’ve been reporting…
The Sales Market Is Turning – The Rental Market is Burning Are Buyers Beginning to Wake Up? “Buyers are certainly not in trouble, but they need to keep an eye on supply. If that starts falling early this year, we could see…
Last week my dad talked about the upward trends in the rental market. Well since then the numbers have been getting even crazier, almost to the point of jaw-dropping! What is especially interesting is the huge demand for traditional single family homes….
Renters Ouch! Prices Increase – Supply Drops!! Well, quite honestly it comes as no surprise that the continued strong demand for rentals in our Phoenix Metro area market has been diminishing rental supply and driving up lease prices. In a recent blurb…