As a Realtor professional, the first most asked question from people is not, how’s your family doing? Though many ask. No, the first question without exception, is “Mike, how’s the market? The real question they want to ask however, (and some are…
With some fear and a little trepidation I look back one year to see how our 2018 valley real estate predictions turned out. Here’s what we said and what happened: We said: Strong population growth has returned to Arizona and the Valley….
The S&P/Case-Shiller® Home Price Index® numbers were released today (12-26) for the latest national sales period (August through October) and the 20 focus cities fared as follows on a month to month basis showing Phoenix leading the country in the latest review…
Comparing Values to 2014 For almost 10 years (2005-2014) our local Phoenix metro rental market was showing a flat line for appreciation in rental price per square foot (psf), as in 0%! This was great news if you were a renter. Beginning…
There’s good news for buyers regarding inventory. Active listings increased in November, up 3.4% from the month earlier and up 0.8% from one year ago. The downside for our buyer pool is that median prices continued to rise, (seller good news) up…
October Sales Report The source of local real estate statistics matter. My first pass at writing today’s column was on our changing market slowing towards balance, which is down from our multi-year seller’s market. These numbers are based on our local Arizona…
Balance is good, especially in local real estate markets. Sure, if you’re a homeowner, you’d like to see the scales tilt towards a seller’s market, which we’ve been experiencing for several years now. And if you’re a buyer you want to see…
For the monthly period ending October 15th, the market is currently recording a sales $/SF of $162.00 averaged for all areas and types across our local MLS. This is up 0.2% or 37 cents from the $161.63 that the Cromford Report measured…
For various reasons, my family moves a lot – about every 5 years. I used to think this was terribly abnormal, until I learned that Arizona leads the nation as the most frequent movers in the country. Oh, and the least frequent…
Awhile back in our weekly blog, we noted that if Phoenix Metro wages remained low or stable, high rates of appreciation, as witnessed by a number of our West Coast neighbors, would not happen here. Greater home purchasing power was needed. Also,…