April 18, 2021

The Fed Started The Fire – Phoenix House Prices Outrun Interest Rates

Phoenix median single-family house price up 22% in March 2021 versus a year earlier.

March 28, 2021

Phoenix House Prices Aren’t Crazy When You Account for Mortgage Rates & Income

The huge house price increases so far could be explained by, 1) falling mortgage interest rates, and 2) rising incomes.

March 21, 2021

Phoenix House Prices Still Increasing FAST

Phoenix housing market still insanely hot but not getting any hotter anymore. According to The Cromford Report, the metro Phoenix sold price per square foot in mid-March was up 3.1%… from mid-February. 30-year fixed-rate mortgage rates bottomed out at 2.65% in early January. Last week, rates were 3.09%. Will house sales slow down because of…

March 14, 2021

Peak Phoenix Real Estate Boom? – Phoenix Real Estate Stops Getting Boomier

We’re probably a year or two away from a “normal” market but at least things appear to have stopped getting worse.

March 7, 2021

Phoenix House Prices Up 21% – Likely Up 30% By June

In February, the number of single-family houses hitting the market was LESS than in February 2020, despite prices being 21% higher than in February 2020.

February 21, 2021

Phoenix Median House Price Up 17% in 1 Year & Up 29% in 2 Years

With No Signs of Slowing Down I’m just going to update the graphs today but not discuss them since today’s my birthday. Getting calls from my out-of-state sibs and going to my brother’s house for lunch! I could talk for a week about today’s market but not today. The Phoenix MLS updated their official data…

February 7, 2021

The B-Word – House Prices Up 19% in 2020 – Likely Higher in 2021!

Demand is strong but what’s really launching house prices is the very low number of houses hitting the market.