Are Potential Sellers Riding the Wave of Appreciation and Waiting to Sell?
A lot fewer houses are hitting the market even though house prices are up 19% from last year.Read more
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.Read more
The Fed Started the Fire – Now It’s Out of Control
Phoenix median house prices are more expensive than last January even accounting for the lower mortgage rates.Read more
It’s Time to Declare a National Housing Emergency
The last 6 months, the average sale price per square foot has risen at a 31% annual pace, and we’re just at the beginning of the high season now.Read more
Big Phoenix Home Price Increases Baked into the Cake
The number of single-family houses for sale is the lowest since 2005. But since the population of Phoenix is about 40% higher now than in 2005, the market today is a LOT tighter than in 2005.Read more
Phoenix Real Estate Market – Code Red
It’s looking more and more like 2021 will be 2005 If you like or dislike this new email system I’m experimenting with, please let me know in the comments or email me. – John Wake “Prices are likely to increase massively over the next 6 months in these current circumstances” The Cromford Report (subcribers only) The holiday weeks are always funky and it’s hard to compare them one year to the next. Next week the holidays will be long behind us and I’ll take the numbers more seriously. Nevertheless, it’s not looking good. If we had a Federal Housing Bank (along the lines of the Federal Reserve Bank) they would be calling…Read more
Goodbye Crazy 2020 Real Estate Market – Hello Crazy 2021 Real Estate Market
The median single-family house price in metro Phoenix was 15% higher last month compared to December 2019. Here’s why.Read more
2021 Phoenix Real Estate Market – Destination Unknown
As we enter the high season in Phoenix real estate, the numbers look like we’ll have the hottest Phoenix housing market since 2005 which was the peak of the Great Real Estate Bubble.Read more
Supply of Phoenix Houses for Sale Lowest Since 2004 & 2005
The number of single-family detached houses listed for sale in the metro Phoenix MLS is below 10,000 for the first time since 2004 and 2005Read more
Will Home Prices Reach Escape Velocity in 2021 Like in 2005?
The number of single-family houses listed for sale in metro Phoenix is similar to 2004 which was right before house prices left Earth’s orbit in the first half of 2005.Read more