Silent Night

The real estate market is eerily quiet as 2022 comes to a close.  After years of record setting numbers, which culminated in the 1^st quarter of 2022, the shift came swiftly and sharply in the 2^nd quarter.  Demand dropped precipitously after interest rates spiked ...

By now most are aware that the greater Phoenix market began the year as a seller’s market, then balanced market, and now has slipped to a buyer’s market.  As we often repeat,  real estate markets are local (meaning national statistics are not reflective of what is happening locally ...

Much has been written about the greater Phoenix housing market and even more about the national housing market. The first thing to remember is housing is local.  Following  the national trends while interesting (misery loves company), is anecdotal. Shocking headlines and clickbait may increase readership, but is of ...

Market Blues

 After such a wonderful start to the valley’s real estate market in the first quarter of 2022, by contrast the 4^th quarter has started in the doldrums.  It is easy to place the blame – interest rates hitting 7% - therefore reducing both buying power and ...

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.  ...

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 ...

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 ...

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 ...

 “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 ...

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 ...