Sales Climbing + Prices Rising + Inventory Sliding = Buyer and Seller Gulf Widening June Sales Report The Phoenix Metro communities continue a solid and progressive home sales trend that on the one hand places us in the enviable position nationally of…
The Vanishing Act of Entry Level Affordability The single family listing supply under the $200,000 price point has been consistently shrinking since 2010 and has dipped below the level of sales for the past two months with June potentially following suit. For…
Not Good News for Entry Level Buyers With one exception, all 17 of the largest cities in the Phoenix Metropolitan area are currently experiencing a “balanced” or “Seller’s” market. This is according to the Cromford Market Index (CMI). This is not good…
When Highest Isn’t Best I’ve got this terrific income property (multi-residential) newly listed that includes four 2 BR Duplexes (8 units) in Phoenix with solid monthly income of $4800 and a Cap Rate of near 8%. The owner, unlike many landlords, has…
The Northeast Valley Luxury Home Sales Market — Seller Patience or Radical Price Surgery – Your Choice All real estate is local. When observing the trends and data for the Phoenix Metro real estate market, we often use all parts of the…
RENTAL MARKET REMAINS TIGHT Good News Continues for Landlords – For Renters, not so Good More reports coming in are further demonstrating a local real estate market that continues to strengthen in a number of facets. First off, the rental market continues…
Sales Prices Moving Up Further Increases to Continue Although not great news for Phoenician buyers, sellers and prospective sellers of single family homes across the Valley can start their happy dance. For the monthly period ending April 15th, the Valley’s prices have…
MUB’s May Be Back in the Buying Hunt! Besides some recent evidence that Millennial buyers are moving off the buying sidelines onto the real estate playing field, another block of mostly idled buyers, known as MUB’s, (Move-Up-Buyers) may now be suiting up…
Need a Contingency when Buying Your Next Home? Let’s Put the Puzzle Pieces Together You’ve done your home selling research. You’ve got a fairly good idea about what your home is worth. You’ve even found a neighborhood you’d love to live in,…
The Sales Market Is Turning – The Rental Market is Burning Are Buyers Beginning to Wake Up? “Buyers are certainly not in trouble, but they need to keep an eye on supply. If that starts falling early this year, we could see…