Prices are down, but activity is humming. MLS inventory of homes for sale continues to decrease a little each day, as the new listings coming to market are fewer than those going under contract. In one popular community, there are … Continue reading →
A slow recovery seems to be unfolding in our Phoenix real estate market. The pace of activity varies by area and community across our valley, but the dynamic in our market between seller and buyer has shifted. In many price … Continue reading →
This week I received from a client via email an article that appeared in Monday’s Phoenix Business Journal entitled Zillow: Phoenix home prices decline, 68 percent underwater, and was asked “what’s your take on this?” My take on this: It’s an … Continue reading →
It’s all about supply and demand. At one point a couple of years ago the MLS (Mulitple Listing Service) we utilize for Phoenix and surrounding areas showed active listing inventory in the range of 50,000 properties. This number gyrates a … Continue reading →
According to a survey taken by telephone of 1000 American’s, although 41% say their homes have lost value, 18% say they are “under water” on their mortgages, and 96% are confident they can keep making their mortgage payment. In A … Continue reading →