Active Listings: 18,422 versus 20,928 last year – down 12.0% – and down 1.2% from 18,646 last month Pending Listings: 5,579 versus 5,782 last year – down 3.5% – and down 1.2% from 5,646 last month Under Contract Listings: 9,176 vs 9,368…
And other changes Property Tax Deductions: This deduction is remaining in place up to a threshold of $10,000 in annual property taxes. Because we are blessed to live in a state with relatively low property taxes, most of us will never go…
Low Inventory Continues to Haunt Local Homebuyers USA Today had an article yesterday describing why it’s so hard to find a house to buy – as in just slightly easier than finding the proverbial needle in a haystack. It was interesting to…
We’ve been here before. We still sound like we’re “crying wolf!” ‘Mike, why would you be talking about higher mortgage rates again? It’s been so long since we’ve been above the 3.5% to 4.5% range, why do you think this will change?”…
Two weeks ago we talked about the importance of home buyers having a quality home inspection. This is especially true because of Arizona’s recently updated purchase agreement forms. These amended forms make no requirement of a seller to perform any repairs to…
In last week’s blog, I stated the following: Now, the buyer is buying the home subject to their accepting the condition of the property, which makes the Buyer Due Diligence period crucial. The buyer has 10 Days within which to perform all…
Now More Than Ever, a Good Home Inspection is Crucial A few months back, the Arizona Association of Realtors in conjunction with a cadre of real estate, legal, and title officials changed language in our purchase contracts deleting what was known as…
Supply Down. Pending Sales Down. Sales Up. Values Up. Some interesting findings in our August report, though few surprises. The few surprise categories include the continuing trend of lower listing inventory, steady and healthy appreciation rates, and higher sales than one year…
My family has successfully invested in multi-residential properties in the Phoenix area over the years and we’re in process of doing so again. My only regret is that we didn’t buy more before. What types of multi-residential am I speaking of? Well,…
Can an agent cherry pick what information he wants to disclose to his client? A case in point: I write up an offer for John and Sally. During our negotiations with the seller, another buyer slips in the back door with a…