Arizona Real Estate Notebook

August 22, 2021

Phoenix Real Estate Market August 2021- Prices Leveling Off & Number of Houses for Sale Increasing

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 graphs

May 30, 2021

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.

May 23, 2021

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…

May 17, 2021

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.

May 3, 2021

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.

April 25, 2021

Phoenix Median House Price Up 19% in 1 Year & Up 35% in 2 Years

No signs of slowing down yet but…

April 18, 2021

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.

March 28, 2021

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.

March 21, 2021

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…

March 14, 2021

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.