Pandemic Effect: Closed MLS Sales Down 31% Then Back Up 40% in 4 Weeks
Activity dropped 39% over the course of 6 weeks between March and mid-April. But that’s already old news, what is not getting reported yet is the 40% increase in accepted contracts over the past 4 weeks.
Pandemic Puts Housing in a “Pinch” COVID-19 Aftermath: Good News for Normal Buyers
COVID-19 Market Update: weekly contract activity over $500K has slowed down by 64% since their peak on February 24th while price points under $500K have only seen a 30-40% slow down.
The Quickly Changing AZ Real Estate Market Amid COVID-19
Short term and vacation rental operators have seen their business evaporate overnight. Opendoor is the largest iBuyer and it has stopped its buying operation completely. A huge amount of wealth has been...
Active Supply is Down 32% Median Sale Price up 11% and Expected to Rise
Active supply was counted at just over 12,000 listings for all of Greater Phoenix. This is down 32% from this time last year and excruciatingly low. The last time inventory was recorded this low was in 2005 at...
Have You Outgrown Your Home?
Many homeowners are surprised when they suddenly realize that “perfect” home of just a few years ago no longer suits their needs.
Home Maintenance Skills Homeowners Should Know
Owning a home comes with responsibilities. Maintaining the home in proper condition is critical to avoid larger problems later.
19% of Homes in Maricopa Sold Above Asking Price in Nov 2019
An impressive 24% gain in sales between $500K-$600K, which was helped by an increase in the FHFA loan limit to $484,350 last year. In 2020, that limit is set to rise again to $510,400. FHA is raising their...
Supply Can’t Keep Pace With Demand | Sept 2019
Nationwide Market Perspective | Real Estate Inventory | Millennial Buyers Driving Demand
