The Phoenix High Season is Over – Now What?
We’re many, many months away from a “normal” market but I’m expecting the summer market to be a lot different than the manic spring market.Read more
Phoenix House Prices Up 25% in 1 Year – But are they Peaking Now?
See Phoenix real estate market at a glance for April 2021. The Phoenix MLS updated their data for April. In March, I said I expected June prices to be up 30% from a year earlier. Now, it looks like it will happen by May! Summer Price Plateau? Three weeks ago, I pitched the idea that…Read more
The Number of Houses for Sale is Creeping Up in Phoenix
I expect the number of houses for sale to increase a lot this summer… but to still be low. Here’s 3 reasons why.Read more
Why Skyrocketing House Prices will Plateau this Summer
I’ve got a scenario where skyrocketing Phoenix house prices peak this summer. Check it out over on my other website, Real Estate Decoded.Read more
Phoenix Median House Price Up 19% in 1 Year & Up 35% in 2 Years
No signs of slowing down yet but…Read more
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.Read more
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.Read more
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…Read more
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.Read more
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.Read more