Buyer’s Market Arrives for the Holidays

 Slowly but surely the market has eroded for most sellers in the last eight months.  The overall market is now a “buyers market”.  While there are pockets that still decidedly favor sellers (Fountain Hills, Chandler) most of the valley is …

Sellers vs. Buyers – who is winning the real estate battle?

 The real estate market rarely moves fast enough to garner headlines – despite what YouTube or internet clickbait would have you believe.  Instead, trends tend to be slow moving and yet discernable with time.  This …

Rates Rise, Demand Falters

 Generally, the real estate market is like a large ship taking a long time to turn.  Since the beginning of the year, the market has slowly shifted in favor of buyers and away from sellers.  That slow moving erosion seemed …

The Long and the Short of It

Despite interest rates falling to their lowest number since February 2023 the market remains tepid.  The buyers’ response to lower rates while positive, is still minor.  According to the Cromford Report, the number of properties under contract is up …

The valley’s real estate market has been stuck in neutral for a while.  Both buyers and sellers have largely been staying on the sidelines and often for the same reason – interest rates. Sellers wanting to move, swallow hard when considering giving up their 3% mortgage for a 7+% …

                                                             Why Does Balanced Market Feel Unbalanced?

The valley’s real estate market has been stuck in neutral for a while.  Both buyers and sellers have largely been staying on the sidelines and often for the same reason – interest rates. Sellers wanting to move, swallow hard when considering giving …

Market Erosion

 The trickling erosion of the market continues although the rate of erosion appears to now be slowing.  While supply is up, in fact up a whopping 57% from this time last year, it is still below normal.  Demand is more problematic and continues to …

Most people falsely believe that election years somehow benefit the real estate market.  Elections can affect the stock market (which can affect the luxury market) but the basic underpinning of real estate remains supply and demand.   Real estate agents had hoped 2024 would see an improvement over 2023, …

The quiet market

 The marketplace keeps answering the question of whether an election year boosts the real estate market.  And that answer still remains no.  Here is your proof. This market  continues to echo the (non-election) 2023 market – low volume and even quieter than …

A Low Volume Market does not equal a Low Priced One

 As we have stated so many times, a low volume market is not a headline grabber.  You wouldn’t know that listening to the “authorities” who trade on clickbait headlines.  For years they have been promising …