📈 Real Stats on why our Real Estate market in Arizona is so strong. Expect prices to continue to rise, not as many multiple offers, and fewer contingencies.
Supply & Demand: Supply is all of the properties; demand is all of the humans. The relationship between supply and demand dictates pricing in all sectors. There are influences that solely impact supply or demand, but those influences do not directly change sales prices. Mortgage interest rates influence demand and buyer behavior, but it does […]
August 2021 AZ Real Estate market update
Here is the latest addition to the Phoenix Metro real estate market update, helping you decide whether to buy or sell a property In Arizona. Its been a very frustrating time for many people that need a place to live competing with cash and out-of-town buyers but like my last market update was labeled “Relief […]
Arizona market update. Relief coming for home buyers.
After experiencing 25% appreciation since a year ago in some parts of the valley in post covid, Arizona may be taking a breather, but it’s complex. Here are the top charts from our latest 2021 real estate market report that explains why Arizona is due for a slow down, why prices will continue upward for […]
Arizona Real Estate Market Update for May 2021
I hope this data helps you understand where the market is heading and what you can expect with future home prices. This information is based on facts and data from the Cromford Report, the MLS, and quality sources that you can trust. If you own a home, you want to know where your investment is […]
April 2021: Arizona housing Market Update and how to predict where home values are going.
Phoenix is one of the hottest real estate markets in the U.S. The Greater Phoenix housing market is booming. The buyer demand refuses to die down despite increasing mortgage rates. The median sales price has reached $360,000, which is an increase of $55,000 or +18.1% from the April of last year. There was a good supply of […]
Foreclosures 2021: What to Expect in the Months Ahead
Forbearance and Foreclosures in 2020 As of the end of 2020, about five and a half percent of active mortgages—about 2.7 million loans—were in the forbearance program, down from over 8% at its peak in March. That represents a large number of borrowers for services to deal with as they exit the program, but it […]
January 2021 – Arizona Real Estate Market Update
Please click the video for an explanation of the charts, or click here. Lets get into it. Employment: The national unemployment claims through December increased slightly. Not enough to change it from 6.7%. Last week’s preliminary numbers show another increase in initial claims. The people with the lowest levels of education and the lowest income […]
Arizona home prices are not coming down anytime soon. October 2020
Be prepared to be shocked, mass migration is underway and Arizona life is being changed slowly. Real estate prices are not coming down anytime soon and the election will have no impact on home prices, so if you’re waiting don’t. There are not a lot of good options out there because if you rent, rents […]