The Valley Real Estate Market – It’s a Dry Heat

The market in the last few weeks is in the midst of a slight cooling trend (a phrase that sounds like an oxymoron given the record heat the valley is enduring). This is evidenced by the slowly …

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗻𝗮𝗽𝘀𝗵𝗼𝘁

𝗦𝘂𝗽𝗽𝗹𝘆: Supply has been slowly dwindling all year as sellers have elected to stay put given their current low interest rate mortgages. We have already dropped below last year in supply. As of today, the current supply of properties for sale is 11,609. …

𝗧𝗵𝗲 𝗩𝗮𝗹𝗹𝗲𝘆'𝘀 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗖𝘂𝗽𝗯𝗼𝗮𝗿𝗱 Getting Bare

 Most are now aware that the low supply of housing inventory is currently the driving force in the valley’s real estate marketplace. According to the Cromford Index, supply is down a whopping …

𝗜𝘀 𝗢𝘂𝗿 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗕𝗲𝗰𝗼𝗺𝗶𝗻𝗴 "𝗢𝗹𝗱 𝗠𝗼𝘁𝗵𝗲𝗿 𝗛𝘂𝗯𝗯𝗮𝗿𝗱"?

The cupboard full of active listings for sale is starting to dwindle and trending towards bare. According to the Cromford Index, supply is down a whopping 42% from the …

𝗦𝗸𝗲𝗽𝘁𝗶𝗰𝗶𝘀𝗺 𝗟𝗶𝗻𝗴𝗲𝗿𝘀 𝗗𝗲𝘀𝗽𝗶𝘁𝗲 𝗮 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝗶𝗻𝗴 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁

“I'm skeptical that the world is round

What keeps it up and what keeps me down?”

~Kim Carnes, from the song “Skeptical Shuffle”~

…

The media continues to push the narrative that interest rates are killing the spring home buying season and that danger lurks everywhere. News of failed banks SVB and Credit Suisse creates fear that the banking crisis of 2007 is repeating. YouTube “experts” claim that foreclosures are on the rise. Yet …

𝗧𝗵𝗲 𝗛𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀 𝘃𝘀. 𝗥𝗲𝗮𝗹𝗶𝘁𝘆

The media continues to push the narrative that interest rates are killing the spring home buying season. Yet the facts do not support this theory in the greater Phoenix area. While interest rates may be keeping some buyers out of …

Seller's Market - but for how long?

The current market has shifted to the seller’s favor once again. But this is not your mama’s market (i.e. the 2022 unbeatable spring market). Last spring we were in an overheated seller’s market – fueled by demand, low supply and …

Why a Balanced Market feels so Unbalanced

 Most buyers and sellers would be surprised to hear that the greater Phoenix real estate market is “a balanced market” at the moment.  But it’s true.  Why doesn’t it feel that way?  We think it feels …

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 – …