The most frenzied areas are those with average sale prices between $200K-$400K. Contracts over $1M are now up 85% compared to this week last year.
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.
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.
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 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...
Many homeowners are surprised when they suddenly realize that “perfect” home of just a few years ago no longer suits their needs.
Owning a home comes with responsibilities. Maintaining the home in proper condition is critical to avoid larger problems later.
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...
Nationwide Market Perspective | Real Estate Inventory | Millennial Buyers Driving Demand
Home buyers & sellers are at risk of being targeted by criminals, who hack email accounts in order to trick you into wiring money to fraudulent bank accounts.