Also: State Farm is Pretty Unpopular Right Now! Florida and Arizona! Sunshine states. Retirement havens. Florida has water – lots of it, and unbearably humid. Arizona has brutally dry heat in summer. During the pandemic, home prices soared in Florida and coupled…
This week, we’ll take a prognostic break to go over December’s sales figures. The affidavits of value have been counted and analyzed for Maricopa County. Active listing counts below are courtesy of the Arizona Regional MLS: Active Listings: 20,007 vs 14,593 last…
Greetings and Happy New Year’s Friends! With apologies to J.R.R. Tolkien from his classic “The Lord of the Rings,” this 2025 opening title seems appropriate because the 2025 state of our residential real estate market will hinge on one thing, “inflation.” And…
As we end one of the most disappointing and awful years in Phoenix residential real estate history, as is my custom, I take stock of my previous year’s prognostications (guesstimates) about our market. How did I do? Like most years, hits and…
End of Week Shows Positive Mortgage Rate Movement Before we look at current market trends, let’s catch up with November’s sales information as of December 1, 2024 compared with December 1, 2023 for all areas & types: Active Listings: 21,593 vs 15,981…
As We Boomers Age, There’s Much to Consider We’ve written much About first time homebuyers and the great struggles for them to be able to break into the housing scene. This week, I ran across a couple of interesting articles about the…
Last week we discussed a young man (we’ll call him Lonny) who, 6 years ago, left California to began a Phoenix real estate career. He had all the right stuff: smarts, enthusiasm, personality, and dedication. But Lonny lacked one (and perhaps 2)…
A Seller’s Market is What’s Needed For That Many “experts,” in our industry, us included, were looking for a cataclysmic change in the way day to day residential real estate is conducted. August 17th was that day, the result of the Sitzer-Burnett…
Hello Buyers? Where are You? From Mortgage Bankers to New Home Builders to Title Companies, to livelihood threatened real estate agents, and many others, the same question is being asked industry-wide: When will buyers jump back into the market? Mortgage rates have…
Pricing Stable – for Now! Mortgage Rates are at their lowest since April of 2023! The Mortgage News Daily is showing the 30 Year Fixed Rate average is down to 6.27%, while FHA and VA are down to an average of 5.68%!…