Last week my dad talked about the upward trends in the rental market. Well since then the numbers have been getting even crazier, almost to the point of jaw-dropping! What is especially interesting is the huge demand for traditional single family homes….
Renters Ouch! Prices Increase – Supply Drops!! Well, quite honestly it comes as no surprise that the continued strong demand for rentals in our Phoenix Metro area market has been diminishing rental supply and driving up lease prices. In a recent blurb…
Keep your (Buying) Emotions in check Let’s be honest, buying a home for most of us is fun, and enjoyable – most often a terrific experience. But make no mistake, don’t be deceived, buying a home is emotional and buyers need to…
Market Sales Activity Moving Upwards Pending Listings and the average sales Price per SqFt (psf) have moved upwards this past week when compared to one year and one month ago. At the street level, we’ve also noticed increased activity including multiple offers…
Hanging in the (Market) Balance Today’s Jeopardy Answer: February 2011. Today’s Jeopardy question? When was the last time the Phoenix Metro real estate market was as balanced as it is today? So, what exactly does a “Balanced Market” mean anyway and what…
Success in Selling Your Arizona Home (Part 3) Preparing Avoids Despairing Few things in modern life can be as frustrating as having a home on the sales market week after week and month after month without it being sold. We are currently…
Success in Selling Your Arizona Home (Part 2) Pricing IS all it’s Cracked Up to Be! In last week’s blog, we discussed the importance of timing the listing to go on the market. We made mention that timing may be different based…
FIRST TIME HOMEBUYER LOAN HELP Or is this the “The Return of Fogamere?” This past week, Fannie Mae announced a new loan product which is designed to help first time homebuyers buy more home with less money. Does this ring a bell…
Bodeen’s Real Shorts TEMPE RANKS AS ONE OF THE BEST COLLEGE TOWNS for students and permanent residents alike, based in part on: Livability jobs housing affordability availability of rental units walkability The ranking was completed by www.livability.com, which states that Tempe offers…
A Short Sale Miracle – The Rest of the Story or; The Story that keeps on Giving and Taking and Giving! Most residential deals are fairly predictable. Buyer sees home. Buyer falls in love with home. Buyer gets approved for a conventional…