A broken record? Same ole, same ole? Been here done that? Whatever we call it, they all seem to apply these days. In this case, the first quarter is shaping up to continue its high-rise ascent and there doesn’t seem to be…
Two weeks ago, in response to our continuing rabid seller’s market, we suggested buyers look towards new construction in buying a home, which has many inherent benefits. Last week, we reported how the Phoenix Metro communities, and in particular, the Northeast Valley…
This past Friday, some client/friends and I drove up to Flagstaff for the day to check out the possibility of them buying a townhome/condo as a second home, not an investment. We looked at a 1-bedroom condo that had just come on…
A Mixed Start to a New Year Happy New Year Everyone! Here we go!! We start our first issue of 2022, with the main question: Is there hope for home buyers in 2022 or is it more of the same sad slumping…
Forecasting the future for the Phoenix Metro residential real estate market is a piece of cake! It’s the accuracy part of it that’s dicey. I like Casey Stengel’s quote: “Never make predictions, especially about the future.” Realtor.com just came out with their…
Disclaimer: I’m not a huge fan of the Arizona Republic! Having stated that, there are two sections of the paper I skim for gems. One is the Sports Section, but admittedly, only when the local teams are doing well. Yes, I do…
Some signs we observe can help us determine the direction of the Phoenix Metro residential sales market. For example, in January 2008, only 8% of all sales closed “above” list price – a 20 year low. In June of 2021, 60% of…
If you’ve been a Mike’s Snapshot follower for a while, you’ve probably noticed that we’ve been tending to write more about the local rental market lately, especially this last year. There’s good reason for that. As the Phoenix rental market goes, so…
We want to highlight our latest project, and introduce our new company, Bodeen Designs, and what it can do for our clients. To put it simply, we now have some additional options for our clients in addition to the traditional listing. We…
We have a sort of mixed bag of news this week and a brief report about the iBuying giant Zillow getting out of the iBuying business and what that might mean for the market. But first, October’s numbers: CURRENT (Nov 1st) MARKET…