Listings Continue Increasing I always enjoy hearing from our readers. It seems like there’s been a pick-up lately of folks reaching out with feedback to our Snap articles. I love that. Thank you. Before we get too far into the month, let’s…
Recent Decisions Could Spur Rate Increases Last week we discussed why there’s a very real possibility that mortgage rates may not drop down in the foreseeable future, questioning the direction of inflation that may have been exacerbated by Saturday’s origination of tariffs…
And hence, Keep Mortgage Rates High As if inflation needed any more fuel to add to its fire, recent/current fires in SoCal, and hurricane devastation in multiple Southeastern states will place an unprecedented demand for building supplies and services everywhere. Current estimates…
Also: State Farm is Pretty Unpopular Right Now! Florida and Arizona! Sunshine states. Retirement havens. Florida has water – lots of it, and unbearably humid. Arizona has brutally dry heat in summer. During the pandemic, home prices soared in Florida and coupled…
This week, we’ll take a prognostic break to go over December’s sales figures. The affidavits of value have been counted and analyzed for Maricopa County. Active listing counts below are courtesy of the Arizona Regional MLS: Active Listings: 20,007 vs 14,593 last…
As we end one of the most disappointing and awful years in Phoenix residential real estate history, as is my custom, I take stock of my previous year’s prognostications (guesstimates) about our market. How did I do? Like most years, hits and…
Why the Great Wealth Transfer May Not Be Good News For Many Every week when it comes time to writing our Market Snapshot, I’ll often write about some topic that’s currently big in the world of real estate. Other times, I start…
End of Week Shows Positive Mortgage Rate Movement Before we look at current market trends, let’s catch up with November’s sales information as of December 1, 2024 compared with December 1, 2023 for all areas & types: Active Listings: 21,593 vs 15,981…
A Thanksgiving Note: The following is the exact Snapshot I wrote 10 years ago. If the truth be told, one of the reasons we’re doing this is that there hasn’t been much change in our most recent week to week local real…
May it Become the Norm – even the Bottom? In the late spring of 2023, my wife and I decided to bite the bullet and help our daughter get into a home of her own – along with our granddaughters, their two…