The valley’s real estate market has been stuck in neutral for a while.  Both buyers and sellers have largely been staying on the sidelines and often for the same reason – interest rates. Sellers wanting to move, swallow hard when considering giving up their 3% mortgage for a 7 ...

                                                             Why Does Balanced Market Feel Unbalanced?

The valley’s real estate market has been stuck in neutral for a while.  ...

Market Erosion

 The trickling erosion of the market continues although the rate of erosion appears to now be slowing.  While supply is up, in fact up a whopping 57% from this time last year, it is still below normal.  Demand is more problematic and continues to be ...

Most people falsely believe that election years somehow benefit the real estate market.  Elections can affect the stock market (which can affect the luxury market) but the basic underpinning of real estate remains supply and demand.   Real estate agents had hoped 2024 would see an improvement over 2023 ...

The quiet market

 The marketplace keeps answering the question of whether an election year boosts the real estate market.  And that answer still remains no.  Here is your proof. This market  continues to echo the (non-election) 2023 market – low volume and even quieter than the ...

A Low Volume Market does not equal a Low Priced One

 As we have stated so many times, a low volume market is not a headline grabber.  You wouldn’t know that listening to the “authorities” who trade on clickbait headlines.  For years they have been promising crashing ...

The Greater Phoenix real estate market is not much of a headline grabber.  In fact, the marketplace reminds me of a Saturday Night Live skit I watched recently “Pilates – so hard and so boring”. Yup, we see some similarities.  The market has slowly eroded into a sort of balance ...

The Goldilocks Effect: Phoenix's Spring Housing Market Hits the Balance

 We are now in the heart of the spring selling season and yet it doesn’t feel like prime time.  The market has been quieter than we had anticipated at the beginning of the year.  The greater ...

𝗧𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗯𝘆 𝘁𝗵𝗲 𝗡𝘂𝗺𝗯𝗲𝗿𝘀

 Now that the peak home buying season is upon us – we have a little more data on how the market is performing.  No pearl clutching headlines here, but still, we find it interesting (accusations of being a geek might be valid) and hope you ...

We are only 60+ days into 2024 and we are studying every market indicator looking for clues as to what this year is likely to bring.  The problem is that trends require sufficient time and strong signals.  We have neither to date.  

The fact that this is an election ...