Buyers and Sellers Markets These days, the best buys are as much priced based as geographically based. If we divide the single family luxury home market into 3 price ranges, we can get a good picture of buyers and sellers markets: $500,000…
Well, it was probably a safe bet that ex-President Clinton (aka Bubba) and Attorney General Loretta Lynch were not discussing Arizona’s real estate bubble (run up in home values just before it pops) while they met on Sky Harbor’s tarmac one week…
Marketing Time Makes a Difference “We can always come down,” says the confident seller. This is a true statement, but there can sometimes be unintended consequences that can have a serious impact to the overall goal of selling a home for the…
In over 40 years of selling residential real estate, I think that I’ve pretty much seen it all. And then, a new listing comes up where I realize, I was dead wrong. This happened to me just this last Friday. I’ll just…
The current statewide real estate agent numbers are in. And based on the swelling ranks of folks getting into our industry, business must be good! We now total just over 30,000 compared with 28,000+ one year ago. If you or someone you…
Yet There’s Hope! A thought provoking article (at least to me) showed up in the Wall Street Journal today; “Homeownership Elusive for Adults Without Degrees.” Research that was recently released from “Apartment List,” a rental listing website indicated that home ownership rates…
PHOENIX METRO RESIDENTIAL REAL ESTATE CHECKUP Getting Healthier The health of a residential real estate market can be written about in many ways, often to depict (spin) the author’s desire to get their viewpoint across. Certainly as Realtor professionals we’re prone to…
Reverse Mortgages. A Risk? A Strategy? Or a Risky Strategy? Well, now that I’ve turned 62, more senior financial options are presenting themselves to me even besides being able to take Social Security payments, though I won’t just presently. Since this is…
When my family relocated to the Valley in 1994, it was a hot new-home sales market. North Scottsdale in particular was building incredible communities such as Grayhawk, McDowell Mountain Ranch, Scottsdale Mountain, Scottsdale Ranch ad infinitum. These brand new communities also provided…
Will Larger Expensive Homes Go Away? As we’ve been reporting fairly regularly, price matters. The higher the listed price, the fewer the buyers who can afford even looking at a home. Yes, this would seem to be obvious to even a casual…