Market Conditions

Sept. 7, 2018

Is the Housing Market Losing its Steam?

Recently national housing statistics have made headlines regarding the diminishing demand of homebuyers.  This is understandably unsettling to homeowners in the valley who recall all too well the housing crises where supply and demand went topsy turvey.  As interesting as it may be to listen to national housing ...

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July 18, 2018

Is it like 2006 all over again?

Given the strong recovery the Phoenix housing market has posted, it is understandable that comparisons are still being drawn to 2006 (the peak of our housing market).  We have commented in the past that we are not in a “bubble”.  But a recent commentary by the Cromford Report ...

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Posted in Market Conditions
June 4, 2018

The Magic Triangle: Supply, Demand, and Price

Probably the hardest thing about routinely writing on the subject of the local real estate market is that it really doesn’t change overnight – thankfully - despite erroneous comparisons to the stock market.  Short term trends in real estate are relatively predictable – largely because supply is not highly volatile ...

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Posted in Market Conditions
May 4, 2018

Sellers Continue to Hang on to the Power

While some areas of the nation are at long last reporting a slowing of sales, the valley’s market is continuing to power forward both in rising sales and appreciation.  Real estate has always been area specific, so while national trends are interesting, they are not particularly meaningful when interpreting ...

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March 6, 2018

Is History Repeating Itself?

The other day a REALTOR® friend of ours commented “this market feels just like 2005…well not really, but almost”.  Did she have a point?  Of course, there are similarities – particularly as inventory is rapidly evaporating in the low price points just like in 2005.  But ...

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Posted in Market Conditions
Feb. 8, 2018

Supply – a “Tale of Two Cities”

Supply continues to be the story in the valley (or lack thereof).  But it really is a tale of two cities – if the cities were price points – the 200K range vs. all other price ranges.  Single family homes under 200K seem to be the wooly mammoth ...

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Jan. 3, 2018

Welcome to 2018

We hope you all had a wonderful holiday season!  Now that we are off to a fresh new year it makes sense to note where the market currently stands.

Supply

Undoubtedly our serial readers are already well aware that the 500K and under range has been in a “sellers” ...

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Dec. 4, 2017

2017 Draws to a Close

Is it just us, or has 2017 seemed to fly by?  As 2017 heads to a close, inevitably we reflect and compare this year to the previous year.  Although the final tallies are not in, we still can draw some solid comparisons. 

PRICING

Most homeowners and would-be ...

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Posted in Market Conditions
Oct. 3, 2017

Struggling to Recognize a Normal Market?

For those who prefer an article in a Twitter-like format – supply is still constrained, demand appears to be slowing (is this seasonal or an actual decrease?) and we are in the midst of a very “normal” market.  For those who prefer details, continue on. 

The problem with ...

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Sept. 11, 2017

Supply remains low. Will demand follow?

Low supply has stubbornly remained the major theme of the housing market for the last three years.  In fact active counts of homes for sale were lower in only 4 years (2004, 2005, 2012, & 2013).  In 2004 & 2005 “the bubble” was underway with heady demand voraciously ...

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