Housing Market Stall

The housing market has been a slow moving one – with little to warrant headlines.  Not so of late in the mortgage market.  Rates all summer were in the in mid-6 % range only to suddenly rise to 7.24%. A case of real estate …

Valley Real Estate: Stuck in the “Meh” Zone

The valley’s real estate market is markedly different today from the fast-moving market that characterized the early 2020s. After years of strong demand, rapidly rising prices, and intense competition among buyers, the market for the last few years has experienced a …

Two Different Experiences

The valley housing market remains what it has been for a few years now – a tale of two markets.  The sub-luxury market vs. the luxury market.  For much of the sub-luxury market, May of 2022 was the peak in pricing – …

The Summertime Market

The spring buying season (February-June) is the peak period for home buying and selling in the valley.  Summertime brings the heat and, especially in the luxury category, an exodus of sellers and their listings. Consequently, the summer luxury market can tip into a buyer’s market …

 The current market is a relatively quiet one with both Buyers and Sellers showing low levels of activity. In fact, new listings are arriving at the second lowest levels since 2000 (2023 being the lowest). Buyer activity is faring a bit better – as demand is moderately up from last …

A quiet market

The current market is a relatively quiet one with both Buyers and Sellers showing low levels of activity. In fact, new listings are arriving at the second lowest levels since 2000 (2023 being the lowest). Buyer activity is faring a bit better – as …

The Double Market

Much like in the economy, there are two distinct groups in the valley having very different home selling experiences.  The winner?  The luxury market – which has been performing beyond what most could envision.  The Cromford Report shares this: “The largest improvement is …

The Phoenix real estate market is always in flux, but currently in a way that effectively changes nothing.  How is that possible?  The answer lies in the seesaw balance of supply and demand– only in this case each side is changing in a way that offsets the other. …

The Seesaw Market

The Phoenix real estate market is always in flux, but currently in a way that effectively changes nothing. How is that possible? The answer lies in the seesaw balance of supply and demand– only in this case each side’s changes offset the other. Supply …

War and Real Estate

Our real estate market has been showing signs of life.  Demand (contracts in escrow) are up 10.2% over last year (as well as 2023 & 2024).  Although demand is still 13% below normal, improvement is well… improvement.  The steadily increasing …