Don’t let the facts get in the way of a good story
In 2022 the Arizona Department of Housing has estimated Arizona was facing a housing shortage of 270,000 units. Since releasing the report, various news reporting agencies have reported the number…
May Market Update
What market conditions favor buyers or sellers? We watch the market month over month with the number of homes selling, how many days on market, and is appreciation going up…
April Market Update
April month end tid-bits The market continues to improve. Sales volumes remain much lower than a year ago, largely because institutional investors and iBuyers (companies such as Opendoor or Offerpad…
March market update
After 200% Increase, Supply Still Nearly 40% Below NormalFor Buyers:Rates defied industry predictions once again and rose over a point from 5.99% to 7.1% between February 2nd and March 2nd.…
Stage your home to show
With the changing market from post-Covid we are seeing a return to more traditional strategies to sell a home. In addition to adding negotiations and helping with financing to the…
February Market Report
February Market Tid-Bits:Phoenix Back to a Seller’s Market! But It’s Not 2020-2022 AgainFor Buyers:· The Spring season is upon Greater Phoenix. February hosts the Waste Management Open and Super Bowl…
January Market Report
For BuyersInvestors make up the majority of losses associated with recent price declines. This is great news, especially for first-time home buyers, as prices have come down significantly for starter…
December Market Report
For Buyers: Affordability is determined by 3 things: family income, 30-yr mortgage rates, and sales price. Price is not the only factor that needs to change to push affordability back…
November Market Update
News for Buyers: Greater Phoenix as a whole has been in a balanced market since August but was expected to glide into a buyer’s market by mid-November. The only holdouts…
October Market Report
Buyers:The price reductions continue. Last week when mortgage rates hit 7.0%, the Greater Phoenix housing market responded with 4,427 price reductions, 24% of all active properties in the MLS. At…
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