About that real estate market of ours – it certainly was impacted by the pandemic.  Perhaps the biggest surprise to most people is what the actual impact looked like rather than what they assumed would happen.  Let’s examine the impact in the key areas that compose a real …

The real estate market is still alive and functioning –despite social distancing and stay at home orders. Like food, shelter is not optional. Understandably there have been changes. The number of transactions has dropped, but prices are not dropping as supply continues to be much lower than current demand.   

2020 …

The COVID -19 virus and the housing market are squaring off. It is early in the fight, so we are loathe to predict too much at this point. In our 42 years of practicing Phoenix real estate in all its iterations - a pandemic virus is one we …

The market is on the cusp of the “spring buying season” and early prognostications are beginning to form. As with all economic markets, supply and demand determine our market forecasts. Typically we see one side of the equation having a bigger impact than the other – a situation that our …

“…if you don't know where you are, you don't know where you're going.” Terry Pratchett.

2019 was an unusual year. It began as a gentle seller’s market which was decidedly shifting towards a balanced market. Until it wasn’t. Once the spring buying season got underway, the direction changed rapidly. …

As we head towards the end of the year, the market seasonally follows a pattern that tends to favor buyers. Typically between September and December, active listings grow as demand cools. This year is no exception – although the impact is a gentle one at the moment. 

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In our last paper we discussed demand and its strong rebound (up 8%) from 2018. But we didn’t expound upon the supply side of the story. We will now attempt to remedy that. While demand is more elastic (and therefore perhaps the sexier story) supply might actually be the buried …