Number of Houses for Sale Up 20% in 2 Weeks in Metro Phoenix
Looks like a break in trend 2 weeks ago in Active Listings of single-family detached homes for sale. From the 2nd to the 4th week of April, Active Listings increased 20%.Read more
First Signs of Big Changes in the Phoenix Real Estate Market
Phoenix Real Estate Market – Update Mike Orr at The Cromford Report made a lot of great observations last week. Compared to year ago, single-family detached for rent in MLS… “average being asked to pay 20% less in rent per square foot.” “There has also been a 20% increase in the number of rental homes available in Phoenix on the Progress Residential web site over the past 4 weeks.” “This appears to be a significant turnaround in the rental market and it does not seem to have been recognized by the media outlets, who are mostly still referring to rising rents. That is so 2021.” “… it is conceivable that…Read more
U.S. Housing Market Demographics Will Peak in a Few Years
Phoenix Real Estate Market Factoids. Phoenix rent prices are DOWN despite everything you hear in the news. Although they skyrocketed last year.Read more
I’ve never had a post go viral before!
This post got over 300,000 views in Forbes.com! That’s never happened to a post of mine before.Read more
Number of Houses for Sale in Phoenix Increasing… Slowly
FYI, My latest article in Forbes.com has taken off! It has over 100,000 views after just 2 days! The Real Reason House Prices Are Skyrocketing: What The Real Estate Industry Won’t Tell You Phoenix Factoids A Few More Houses for Sale Seeing some signs of the number of homes for sale increasing a bit but it’s weird. The number of smaller single-family houses listed for sale in the MLS in Maricopa County is up a bit compared to last year at this time but the number of large houses for sale is way down. What’s with the large houses? Comments? Single-Family Houses – Maricopa CountyNumber for Sale in MLS Now…Read more
Phoenix Housing Market Still Crazy Hot – Is A Correction Coming?
Phoenix Market – Factoids The video at the top of this Wall Street Journal article is in McCormick Ranch, Scottsdale! Just a few blocks from my house! Homes are so expensive in Canada, parents often have to help their kids buy. Are we headed there? Wire fraud is still common in real estate. At a…Read more
Why the Supply of Houses for Sale is So Low in Phoenix – 3 Opinions
Tom at The Information Market – Last Week Mike at The Cromford Report – Feb 18 While demand from investors, particular large scale buy to rent investors, remains strong, demand from owner occupiers is in a clear falling trend. Single-family homes are being removed from circulation for many reasons, such as:1. more of them are…Read more
Phoenix Market Still Scary Hot
Prices Up $100,000 in 1 Year The median single-family house price in metro Phoenix increased $102,000 from January 2021 to January 2022. One-Third of Houses NOT Buyers’ Primary Home In the 4th quarter of 2021, investors bought 19% of all single-family houses sold (at least), second-home buyers bought 13%, and iBuyers bought 4%. Primary-home buyers…Read more
Why Inventory / Supply for Sale / Number of Houses for Sale is So Low
Click on image below to see full-size, interactive version. This information can vary a lot in different parts of metro Phoenix. Your real estate agent can find the data for your specific city or zip code at The Cromford Report. Phoenix Weekly Market Updates 2021 Phoenix Weekly Market Graph (only) Long-term Phoenix real estate market graphsRead more
Why the Market is Still So Hot & Watch Out in 2022
Click on image below to see full-size, interactive version. This information can vary a lot in different parts of metro Phoenix. Your real estate agent can find the data for your specific city or zip code at The Cromford Report. Phoenix Weekly Market Updates 2021 Phoenix Weekly Market Graph (only) Long-term Phoenix real estate market graphsRead more