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.…
July Market update
July Market tid-bits: The market is entering a period of recalibration with rising interest rates and the impact on affordability:The percentage of active listings with price drops reached 44% in…
June Market Update
What we are seeing that indicates the market is slowing or becoming more “balanced”: Sellers are starting to offer concessions to buyers, median days on market have moved up, months…
May Market Report
May market tid-bits: Some housing market experts predict home prices may start to decrease over the next few months. We are already seeing that not all homes are flying off…
April 2022 market report
Jobless benefit claims are down to their lowest levels since the 1960’s evidence of demand for labor exceeding supply.Builder confidence and housing starts for single family homes are on the…
March 2022 Market Report
The FED pushed rates to their highest levels in 3 years. Keep in mind that the low rates we’ve seen over the last 2 years were not normal and were the…
February Market updates
MARKET UPDATE JANUARY 2022 FROM TOM RUFF, ARMLS: One of the things I do each month before writing STAT is to go back and review our commentary from the prior…
Market conditions in Fountain Hills and Rio Verde
November Market Tid-Bits:
National Association of Realtors forecast interest rates to continue to climb with 3.5% anticipated by mid-2022. This may slow down the market, but not to pre-pandemic levels.Monthly home value growth slowed to…
