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By John Wake

Interactive Charts – Weekly and Monthly

iBuyer Crash

iBuyers hold close to $1 billion in homes… in Phoenix alone. https://t.co/X00AgjuLXo
— Lance Lambert (@NewsLambert) November 8, 2022

"These bubbly housing markets look like busts—and they just sank Redfin’s flipping business"https://t.co/aNmp0IM0kf pic.twitter.com/KCDjFtkteR
— John Wake (@JohnWake) November 13, 2022

Now For Some Good News!

I know it’s not like me to be Mr. Brightside but…

Chip-making powerhouse eyes second multibillion-dollar expansion in the Valleyhttps://t.co/6ivOSpd7mw
— John Wake (@JohnWake) November 12, 2022

ARIZONA COMMERCE AUTHORITY ANNOUNCES NEW PROCTER & GAMBLE MANUFACTURING FACILITY TO BE BUILT IN COOLIDGEhttps://t.co/Hc3wmKpJoW
— John Wake (@JohnWake) November 12, 2022

Construction is 6.3% of employment in Phoenix. In 2006, it was 9.6% of employment.

A housing recession won't bring down the metro Phoenix economy as much as last time.

The Great Recession hit Phoenix HARD and construction employment was a big reason why.https://t.co/jtJlyyeJyl pic.twitter.com/DTEEWetQmp
— John Wake (@JohnWake) November 13, 2022

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Click on the graphs to go to the full-size, interactive version.

Notice how very small changes in New Listings and Solds eventually cause HUGE changes in the number of houses For Sale and house Prices (see graph above).

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.

Published on November 13, 2022

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