The Republican victory last Tuesday saw a momentous stock market skyrocket the next day. It also jacked the 10-year bond by 14 basis points, which was followed by a 9 basis-point rise in the average 30 year-fixed-rate mortgage which settled in near…
A Seller’s Market is What’s Needed For That Many “experts,” in our industry, us included, were looking for a cataclysmic change in the way day to day residential real estate is conducted. August 17th was that day, the result of the Sitzer-Burnett…
September Market Numbers and Rate Reversal Well, October has arrived, but it’s still acting like August. At least the early mornings are wonderful; emphasis on “early.” That’s a segue of sorts to our current local real estate market conditions – about the…
Cromford Weighs In I briefly mentioned Presidential politics two weeks ago, and then I noticed a few days later where Michael Orr of the Cromford Report weighed in on the topic regarding whether or not a presidential election would make any “significant”…
I briefly mentioned Presidential politics last week, and then I noticed a few days ago where Michael Orr of the Cromford Report weighed in regarding whether or not a presidential election would make any “significant” difference for the housing market? I quote…
I hope this Labor Day holiday edition of our Snapshot finds each of you enjoying the time with close friends and family – holidays with loved ones are helpful to remind me of the things in life that really matter. That is…
Are We at Market Bottom? For month’s we’ve been reporting on the Phoenix Metro residential real estate market’s downward market direction (sales and prices) and that this was a “window of time” for buyers to strongly consider making their move, because this…
What Should Sellers Do? Last week we wrote that the class action lawsuit of Sitzer-Burnett VS NAR forced a settlement by NAR that brings major changes to real estate compensation, particularly about how Buyer’s agents get paid. On top of that, this…
There is much talk about inflation these days, as it’s a very real issue in America and across the globe. Today’s chart provided us by The Cromford Report recently is most interesting. It’s a tale of two values of which I will…
A Quarter Century of Data Suggests We’re Due For Change In most summers that I’ve been selling Arizona residential real estate (30 years), we expect business to slow… Gee, I wonder why? Well, this year is no different except for one exception;…