Why home prices are so high in Arizona
https://youtu.be/pOD2lBUtSY0?si=EDn2gPl6lae61Cep Here is a chart for the entire US home building. Arizona has a special problem because of the population increase, their chart is below. We are only at the average annual units completed now. We still have had a decade of underbuilding. As of Sept 18th 2024 Hi there, I hope you had a […]
National association of Realtors Lawsuit and change to how commissions are paid.
Here is an explanation of the new laws that will be taking place over the coming years with how realtors work and get paid.
June 2023 AZ Real Estate Market Report
Welcome to the June 2023 update on the Arizona real estate market. Despite the passage of the last few months, the landscape remains relatively unchanged, with dwindling inventory and a consistent upward trajectory in prices. As we step into the summer season, we anticipate a potential reduction in demand while hoping for a surge in […]
How to prepare your home for showings:
First Impressions are Lasting Impressions. The exterior of your home often determines how buyers will view the interior, so: Accentuate the Positive. “How we live in a home and how we sell a home are often two different things.” Try to see your home with a fresh perspective and arrange each room to bring out […]
Understanding FHA and VA loans
Mid-November 2022 Arizona Real Estate Market update – Cromford Report
For the complete list of Charts to explain the Real Estate market for November 2022, click here. The biggest question is when interest rates will fall. High-interest rates have caused a low contract ratio, falling prices, and low demand. When will buyers feel comfortable coming back to the table with all this pent-up demand? Most […]
October 5th Market update
Arizona Market Summary for the Beginning of October from the Cromford Report “Homebuyers are in a wait-and-see mode with the elevated interest rates.” Here are the basics – the ARMLS numbers for October 1, 2022, compared with October 1, 2021, for all areas & types: Active Listings (excluding UCB & CCBS): 20,084 versus 7,649 last year […]
Mid-September 2022 Phoenix Metro Real Estate market update.
Arizona real estate market
Listing and Sale prices decreasing
This report below, was posted to the Cromford Report website today July 7th 2022. Big news as the market has come to a complete halt and prices turned the corner in some price points. July 7 – The affidavits from Maricopa County Recorded that were filed in June have now been counted and collated and we […]
Arizona Real Estate Market Update May 24th
Thanks for reading my blog on the updated market report for the Phoenix Metro area, a lot has changed in the last few months with higher interest rates, 25% + in inventory, affordability, and more. Prices will continue to rise in this environment but you will see in the coming months that you have more […]