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
Phoenix House Prices Up 17% Since Last November – Danger Zone
When the Fed eventually starts increasing interest rates, the hardest hit sector will be housing.Read more
#1 Reason Phoenix Home Prices are Skyrocketing
From Nov. 2018 to Nov. 2020, the median home price in Phoenix increased $75,100 but the principal & interest payment FELL $27 a month.Read more
Crazy Phoenix House Price Increases Until Next Summer… at Least
In 2 years, the median house price in Phoenix went up 27% but the monthly P&I payment went DOWN 2%!Read more
Okay, I’m scared – Phoenix house prices up 18% in a year
Phoenix single-family detached house sale prices were 18% higher in October 2020 versus October 2019.Read more
Real Estate Market Mania Continues in Phoenix into November 2020
The number of closed single-family detached house sales the last 4 weeks have been 20% to 30% higher than during the same weeks in 2019.Read more
Phoenix Housing Supply Down to Explosive Levels
There’s only 1.3 months of housing supply! That’s were Phoenix supply was in the autumn of 2004 right before house prices left earth’s orbit.Read more
K-Shaped Recovery – Employed People Have More Money Despite High Unemployment
Maybe this really is a K-shaped “recovery.” It would help explain the great mystery of why we’re having a real estate boom at the same time we’re having such high unemployment.Read more
The Shocking Reason House Prices are Increasing So Fast
Despite the recession, total U.S. personal income was $500 billion higher in August than in March due to the $4 trillion in federal Covid relief grants and loans that went to businesses, individuals, and governments.Read more