Last week we reported the emergence of a balanced market in our Phoenix Metro communities. We also cautioned that it could be short lived as more communities were soon to enter the buyer’s market realm. This is happening. According to the most…
In a perfect world, which is anything but, a local real estate market would be a balance of buyer and seller supply and demand, with reasonable annual appreciation. The Phoenix Metro communities had a consistent six-year run of just such a market…
No one can deny that we have now seen price corrections in the Phoenix metro market. On the street level I myself have seen weaker demand affect our listings. We have three different listings which we’ve now got under contract, that I…
BUT IT WON’T TAKE MUCH TO FLIP THE SWITCH BACK TO ADVANTAGE SELLERS The current talk of course, is all about the Phoenix (as well as the country’s) real estate market dropping in value – and it is. See article out today…
The “Dog Days of August” are upon us. With that delightful news, let’s take a look at the Phoenix Metro “Dog Days of Data,” which, if you’re in the Buyer’s camp, the trending good news continues. If you’re in the Seller’s camp,…
Good news continues for prospective renters who haven’t gotten much of a break over the last few years. The long-term rental supply is growing – quickly. There are over 2900 active rental listings (on our local MLS). This is an 18% increase…
The “short-term” outlook for our Phoenix Metro residential real estate market seems determined to continue a steep drop in sales and a downward adjustment of pricing. This is due to the meteoric rise in listing inventory caused in large part by the…
If you’re a Star Wars junkie, like my son and business partner, you might get a chuckle from today’s Snapshot Heading. If not, then what I’m referring to today is that our Phoenix Metro real estate market is reversing course, cooling its…
Market Adjustment Continues The first buyer benefit to be occurring amidst the current Phoenix Metro market adjustment is the number of homes rapidly coming on the market, hence, increasing inventory. Another buyer benefit and market gauge we’ll be looking at a little…
Not Yet, But it May Not be a Bad Idea, if… It’s in our nature. We want to buy low and sell high. “Timing the Market” is certainly on the lips of lots of stock market pundits these days – and is…