Arizona Real Estate Notebook -

November 22, 2020

Crazy Phoenix House Price Increases Until Next Summer… at Least

In 2 years, the median house price in Phoenix went up 27% but the monthly P&I payment went DOWN 2%!

November 15, 2020

Okay, I’m scared – Phoenix house prices up 18% in a year

Phoenix single-family detached house sale prices were 18% higher in October 2020 versus October 2019.

November 1, 2020

Real Estate Market Mania Continues in Phoenix into November 2020

The number of closed single-family detached house sales the last 4 weeks have been 20% to 30% higher than during the same weeks in 2019.

October 25, 2020

Phoenix Housing Supply Down to Explosive Levels

There’s only 1.3 months of housing supply! That’s were Phoenix supply was in the autumn of 2004 right before house prices left earth’s orbit.

October 18, 2020

K-Shaped Recovery – Employed People Have More Money Despite High Unemployment

Maybe this really is a K-shaped “recovery.” It would help explain the great mystery of why we’re having a real estate boom at the same time we’re having such high unemployment.

The Shocking Reason House Prices are Increasing So Fast

Despite the recession, total U.S. personal income was $500 billion higher in August than in March due to the $4 trillion in federal Covid relief grants and loans that went to businesses, individuals, and governments.