As we close out the year in real estate – the numbers are much like where we began, albeit with minor variances. For those who prefer that we not bury the lead – the Greater Phoenix market ends the year predominately a buyer’s market.  But as usual, the …

An Open Letter to Buyers

The reasons to buy a home are easy: rental fatigue, the desire to build equity, tax benefits, stability, customization, and so on.  Harder is when to buy.  So many buyers attempt to “time the market” looking for that perfect storm of low …

The Market is Shifting (again)

The greater Phoenix housing market entered a buyer’s market in November of 2024.  As we have mentioned before, buyer markets tend to be infrequent and short lived.  This one has proven to be the exception in its longevity. But in mid-July the market …

Overall, the greater Phoenix real estate market is a buyer’s market.  What does that mean?  It is a market that favors buyers in negotiation because supply exceeds demand.  Of course, nothing is that simple. The luxury market is proving the exception -that marketplace favors sellers.  It …

Market Update

Tina Tamboer of the Cromford Report just released this excellent analysis of the Greater Phoenix market and we reprint it here as originally written:

For Buyers

“Since April, active supply levels have now declined 13.6% due to a large increase in cancelled and expired listings from …

Two-sided Coin of a Market

We are a little more than mid-way thru the year and while temperatures are rising in Greater Phoenix, the same cannot be said of home prices. Unlike the weather, the market is not responding universally.  Luxury has done well – rising on average 4 …

The greater Phoenix housing market has been a buyer’s market for over 8 months.  Buyer markets are infrequent and typically do not last – many just weeks.  So far, this one has proven to be slow moving but persistent.

As they say “What is good for the duck …

Buyer Market Blues

What is good for the duck hunter is not good for the duck.  Our housing market has been a buyer’s market for over 8 months.  Buyer markets are infrequent and typically do not last – many just weeks.  So far this one has …

Housing Crisis - Real or Imagined?

“The report of my death was an exaggeration” ~ Mark Twain

Chaos begets chaos.  The tariff uncertainty and the volatility of the stock market led to some dire predictions in the housing market.  Newsweek ran an article suggesting home values in greater Phoenix …

It is not an easy time to comment with certainty on the direction of the housing market.  The housing market is a slow-moving ship.  Unlike the stock market, we don’t see daily volatility.  But let’s be clear –the point is we don’t see it – not that …