Market Conditions

Aug. 30, 2022

Balancing Act

A Balancing Act

 By now most homeowners have heard the news “the market has shifted”.  While that is true, as usual the story is more complex.

 In the first quarter of 2022, Sellers held every card.   Now they are handing them back one by one.  ...

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Posted in Market Conditions
Aug. 23, 2022

Current Market

Gary Keller …The current market is 'the most confusing I've ever seen…

 

There’s a lot to worry about in today’s market — coronavirus infections are near 2021 peaks, health officials are ringing the alarm about monkeypox and polio, inflation and mortgage rates are steadily climbing, home sales have ...

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Posted in Market Conditions
Aug. 16, 2022

August Market Snapshot

The Balancing Act

 The greater Phoenix market continues to shift to rebalance.  The emotion of the market has shifted from greed to fear – which in our opinion has been the driving force behind the market’s unusually fast shift.  But not all areas and price points are ...

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Posted in Market Conditions
July 18, 2022

Good bye seller market. Balanced market is that you?

News has spread about the shifting market - largely driven by spiraling interest rates suppressing demand.  That was a wakeup call to sellers who began rushing to place homes on the market.  While the shift in the market was not unexpected, the velocity of the change was.  We ...

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Posted in Market Conditions
June 23, 2022

The Market's Dramatic Shift

 

 “Only when the tide goes out do we discover who's been swimming naked"

- Warren Buffet

 It is a sobering time for the housing market.  The last two years has been like an unending drunken party.  Home Buyers enjoyed record low interest rates making home ...

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Posted in Market Conditions
June 16, 2022

June Market Update

Market Shift Confirmed

 Enough time has lapsed that it seems fairly certain the peak of the market was reached in March.  Since then, one market indicator after another have been tipping - confirming a rather dramatic market shift is underway.  The number of properties for sale is up ...

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Posted in Market Conditions
May 16, 2022

May Market Update 2022

Dramatic Market Shift

We have been sounding the alarm bells for months that the market was shifting – even if no one was feeling the impact.  In the last few weeks, the numbers are confirming a dramatic shift.  Here are the facts - rather than clickbait headlines.

 The ...

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Posted in Market Conditions
April 27, 2022

The Market Signals a Shift

“The bad news is nothing lasts forever. The good news is nothing lasts forever.”

― J. Cole

 In our last article, we speculated that the market may have peaked.   More and more signals of a shifting market seem to reaffirm our suspicions. But, as we try to ...

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Posted in Market Conditions
April 18, 2022

Market signaling a shift

The early warning signs of a shifting market continue to appear. But, as we try to remind both buyers and sellers, the real estate is not the stock market. Housing moves slowly. Shifts in demand are quicker than shifts in housing supply. So while the scarcity in supply has been ...

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Posted in Market Conditions
March 15, 2022

The Connection Between the Rental Market and the Resale Market

Most sellers are not aware that the rental market and the resale market are intertwined.  When demand for rentals are high, rental rates rise.  When it is more expensive to lease than to buy, first time homeowners buy.  That spawns a chain of buying – allowing the ...

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Posted in Market Conditions