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Housing Trends

Wire Fraud: A Real Threat for Home Buyers

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In an age where digital transactions dominate, the convenience of wire transfers has become a double-edged sword, particularly for home buyers. The allure of swift transactions can sometimes blind us to the lurking dangers of cybercrime, with wire fraud emerging as a significant threat in the real estate realm. Recently, one of our clients encountered … Continued

Under Contract In Marley Park!

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We’ve successfully secured this property under contract for our investor client at a remarkable price, well below the initial asking. Are you a homebuyer or investor seeking the best value? Contact us today! Check out this property! This Marley Park home boasts the quintessential front porch, epitomizing cozy suburban living. With only one owner, it’s … Continued

New data: Phoenix rents increased 0.1% in February

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The rental market turned a corner in February, with prices rising 0.2% nationwide in February and trending up for the first time in half a year. On an annualized basis, rent growth remains negative at -1%, meaning that on average, new leases remain marginally cheaper than they were one year ago. But we expect the … Continued
Housing Market Trends

March Housing Market Update

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Market Summary for the Beginning of March As we enter the last month the first quarter and enter the Spring selling season, here’s the housing market update for the month of March.   Here are the basics – the ARMLS numbers for March 1, 2024 compared with March 1, 2023 for all areas & types: While … Continued

January 2024 Housing Market Update.

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Happy New Year! As we step into the real estate arena of 2024, we’re thrilled to present our first Housing Market Update of the year. Whether you’re a seasoned investor, a prospective buyer, or simply intrigued by the dynamics of the housing market, this update is crafted just for you. In this edition, we’ll be … Continued

Under Contract in Sun City West

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We just got our client an amazing deal on this Sun City West property, and we secured it under the asking price! If you’re thinking of starting your home search, please reach out to us today!   Check out this property! Move in ready 55 and up with a beautiful, enclosed patio and large but easy … Continued

We Start 2024 with Low Inventory!

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We are starting 2024 with one of the lowest counts of listings under contract we have ever recorded for the start of any year (5,127). We measured 5,456 last year and 9,393 in 2022. We have to go back all the way to the dark days of 2008 to find a lower count (3,468). 2007 … Continued

2024 Seller Strategies for a Buyer’s Market.

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How will you stay competitive when the market shifts more towards buyers?  As we enter the New Year of 2024, what can we expect from the housing market? It’s hard to say this soon into the year, but if housing inventory rises, it’s good to have a plan! Here’s a strategy if this year turns … Continued

Phoenix Rental Market Update

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This is based on comparing the monthly cost of renting versus the monthly cost of a typical mortgage. The shift has been dramatic, because rents have gone down in real terms (relative to the value of the dollar), while home prices and interest rates have both risen much faster than inflation. This is a key … Continued