Phoenix Real Estate Market – October Demand Down a Bit
I’m removing the “strongly” from my forecast in September, “My conclusion is that home prices will increase strongly in 2019.”Read more
Redfin’s “Sold Above List Price” – Seattle vs Phoenix
Redfin says the number of homes selling above list price is decreasing. But what about in Phoenix? This is, obviously, a very early sign that the real estate market MAY have peaked. Here’s what Redfin says, “In Seattle, the Share of Homes Selling Above List Fell to 30% this Month from 50% a Year Ago”. Among…Read more
Sept 2018 – Phoenix Home Price Outlook
We’re seeing more stories about home prices falling. This is from the Orange County Register; “Thomas’ biweekly report found a stark change in the market for existing homes as of Sept. 20 vs. a year ago: selling time was 26 days longer as listings grew by 22 percent… As summer ended, the four-county region… had…Read more
Phoenix Housing Market Predictions 2019
See the interactive graphs HERE. Phoenix Real Estate Market at a Glance Yikes! Phoenix home prices are up 9.5% over the last year (July to July). That’s a hot market! Kind of scary hot to me. Prices are up 17.8% since two years ago and 145% since prices bottomed out in May 2011. On the other…Read more
Phoenix Real Estate Market at a Glance – September 2017
See all 3 interactive graphs here. The bottom line is the Phoenix real estate market remains strong but not crazy. The outlook for 2018 is for it to continue to be strong. Home Prices Looking at all homes sold, including condos and townhouses, the median home price was $242,000 in July, 8% above July 2016…Read more
Phoenix Real Estate Market at a Glance – October 2016
Phoenix Real Estate Market at a Glance – Updated Graphs Metro Phoenix home prices were up 8% in September 2016 over September 2015. Single family detached home prices were up 9%. Last year I really didn’t have a good feel for what 2016 would be like for Phoenix home prices but it turned out to be…Read more
Canadian & Institutional Investors – Phoenix Real Estate Market Update
Canadian Homeowners For every Canadian that is buying a home in metro Phoenix, 9 are selling, according to STAT. The bottom of the Phoenix real estate market in 2010, 2011 and 2012 coincided with a great exchange rate for Canadians. Vacation homes in Phoenix were huge bargains for our Canadian friends. Now, both factors make…Read more
Arizona economy looking better
Arizona #7 for Job Growth Phoenix #4 for Job Growth Growing up in Phoenix, I thought Phoenix would always be the top 1, 2 or 3 metro area for job growth. It was a point of pride for Phoenix. It was trumpeted in the local newspapers, television stations and chambers of commerce. And I kind…Read more
Down Payment Assistance Programs in Arizona
Impromptu interview (2016) with my dog friend Larry Neaman of Nova Home Loans about down payment assistance programs in metro Phoenix. A bunch of us dog people get together in the neighborhood park most evenings. Larry and I were the first ones there last night so I thought I would take advantage of it and pick his brain another time about down payment assistance programs. The German Shepherd is Larry’s dog, Maiya. My 6-pound pretty papillion, Abby, didn’t make it into the video. She was probably at my feet begging to get picked up. Abby is great at only one thing, being held. It’s her superpower. Larry’s phone is 480-500-3005.…Read more
Phoenix Real Estate – End of High Season Update
Now that I’m back mentally from my big bubble project, I wanted to dive into the Phoenix real estate market. Most of the price action that happens with metro Phoenix home prices happens in the first half of the year, the high season. Home sales are a bit slower the second half of the year…Read more