…Looong time passing? Ok, some of you, admit it, you started to sing the 60’s epic song as soon as you saw the title, right? Here’s the Kingston Trio video version. Kleenex, please. Onward. There are estimates of 270,000 housing units (Arizona…
Supply and Demand Increase The Phoenix Metro residential real estate market began the new year in balanced territory. It didn’t take long for the Cromford Market Index (CMI) to rise into a seller’s market – increasing 12.4%. The news was not all…
Back in October 2023, we were reporting the negative direction that the Phoenix Metro residential real estate market was taking if you were a seller. (see October 26th Cromford Market Index directly below) As you can see, EVERY city in the October…
Looking at this past month, as is our custom, we bring you December 2023 numbers compared to December 2022. Active Listings: 14,593 vs 16,298 last year – down 10.5% – and down 8.7% from 15,981 last month Under Contract Listings: 5,127 vs…
Real Estate Market Ending on Positive Note It’s New Year’s day 2024! May it be abundantly blessed for you and yours! (I didn’t intend for that to rhyme, but I like it) It’s risky and often humbling to take a look back…
A Merry Christmas Post Two! I could have written this to have it ready to publish on or before Christmas Day, but I figured most of you wouldn’t read it, and good for you! Like me, you had way more important things…
Prices Not So Much The major real estate news lately is the significant lowering of mortgage rates to the low 7% to high 6% range. This is reflective of positive inflation reporting. It’s good news for buyers, but is it enough to…
Have Shelter Costs Lowered? In encouraging news for buyers, mortgage rates have continued moving downward and have hit a 3-month low. Per Mortgage News Daily, the conventional 30-year fixed rate mortgage as of Friday December 1st has dropped to 7.09%. A 30-year…
If you’re new to the Valley of the Sun or are contemplating a move here, or perhaps know of someone who is, you or they may be wondering where the best place to live is? After all, Maricopa County is HUGE. And…
Before we get to the mortgage rate news, let’s take a look at October’s ARMLS numbers, with gratitude, as usual, to the Cromford Report. This week, we’ve added some new home stats as well. Active Listings: 15,247 vs 20,582 last year -…