Rental Prices Keep Moving On Up What’s a Renter To Do? Rental demand continues to skyrocket and with it rental prices have risen dramatically. The average lease price for an active listing in the Arizona Regional MLS is now at $2087 per…
“So how’s the market?” you ask. “Great!” I respond, but then quickly add; “Wait which market would you like to know about?” While the Phoenix Metro Market is incredibly nuanced from neighborhood to neighborhood, we can divide the market here into three…
The Phoenix Metro rental market appears to still be quite hot. Supply of listings available on ARMLS (our local multiple listing service) continue to drop as 2620 new rental listings were added as of the past four weeks, which was 15% fewer…
Seven Year Run of Moderation Among Nations Best It’s sometimes hard to describe where our market is trending at, and perhaps it’s not trending anywhere. Depending on the market that we Realtors find ourselves working in however, it can seem very hot,…
Well, Arizona may not have the best football team as we saw with the Cardinals ugly NFC Championship loss to Carolina yesterday! But, Arizona does have what is probably the finest number crunching real estate geek mathematician in the country, in Michael…
View Randy Johnson’s Home for Sale and the Valley’s Most Expensive Listing Question: “What is the most expensive house that has ever sold in the Greater Phoenix area?” Michael Orr of ASU/Cromford Report, responds: “This is harder to answer than it sounds….
To set the record straight, the oft quoted Apollo 13 statement from James Lovell, played by Tom Hanks was actually, “Houston, we’ve had a problem here.” Astronaut John Swigert Jr. said it first, then it was repeated by Lovell. No extra charge…
An Upbeat Real Estate Start to 2016 Last week we discussed the benefits of owning rental real estate, especially in the Phoenix Metro area where our market has slowly and steadily been improving over the past few years. We recommended that folks…
The Year Nothing Worked: Stocks, Bonds, Cash Go Nowhere ***It’s the worst year for asset allocation funds since 1937 and; ***A 2.2% gain in the S&P 500 is the best anyone can do (Bloomberg News 12-28-2015) My Monday morning work day started…
It’s impossible to predict Real Estate performance with 100% accuracy. Often the statisticians and the Real Estate community at large get it wrong. So whenever we try to predict values or market heat, we always try to do it with more than…