The current Phoenix Metro real estate appreciation is about 22% (based on the annualized monthly price per square foot). This is similar to 2004 which was one of the highest appreciation years in Arizona’s history (over 45%). That may change. The chart…
“It can be hard to explain to people just how bad the supply of re-sale homes has become in Greater Phoenix. The reality is quite difficult to grasp unless you are trying to buy one. Many people mistakenly think demand must be…
That’s what most of our clients seem to want to know right now, and after the trauma many endured from the crash over a decade ago, who can blame them? My first years in real estate (2009) was a short sale and…
Last week was part one of what became a two part article about the in-your-face bad odds of being able to make it full time in real estate. Key words: “full time.” Anyone can get licensed and join a real estate company….
Gotta admit, it looks pretty easy! Fill out some forms, stick a sign on the house, place flowery information into the computer, the offers roll in, the seller picks one, and you’re done with a big fat payday in your pocket! Sign…
The Phoenix Metro housing market continues its incredible trajectory of price increases and product shortage. Whether you’re looking at buying or renting, our local market is not encouraging. Let’s just say it as it is, it’s very discouraging. When a new rental…
Our first Snapshot of the year for 2021, but the same ole story is being played out as in previous years, only this year, it’s on steroids. One year ago, the esteemed Cromford Report, (our primary source for our accurate data), reported…
In this super-hot market, now the most intense seller’s market we have ever seen, a well-priced home (and sometimes even overpriced ones) will receive multiple offers. When these offers start pouring in, it’s easy to get tempted by the high price points….
I was chatting with a long-time friend and client earlier today I’ll call Graham. Graham owns a nice home in the Tatum Ranch area that we sold him a few years ago. He’s made some nice improvements and along with the local…
Well, there’s no pretty way to put this. The Phoenix Metro communities are in crisis real estate mode. Last week we stated that we were “starving” for listings. The listing drought is for both homes for sale and homes for rent. The…