The Phoenix Market is Continuing its Robust Growth

So much real estate information provided to us comes from sources analyzing national trends in the housing market. While the information is accurate, it frequently does not paint a true picture of local activity in your own neighborhood. Home sales across the country have dropped slightly from March to April and again to May....

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Sales Increase as Sellers Push Value

I follow several local and national economists tracking information that I believe is important to all of us residential real estate investors. What continues to amaze me the level of research and interpretation they provide. For example, there were three fewer business days in April 2017 as compared with the month earlier...

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Will We See An Appreciation in the Phoenix Market in 2017?

I have been reviewing sales numbers by month since January 2014 and a pattern emerged. From February through June, the number of homes listed for sale increased by approximately 20% over the rest of the year; sales started picking up in April or May by about the same percentage. February 2014 saw Sales at 4,797 and new Listings...

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Looking at Annual Statistics I Found Something Very Interesting

Looking at the annual statistics of our real estate market, I found something very interesting: sales in Phoenix kick-off with the Super Bowl. Historically January experiences the softest housing market. With that in mind, the projection for February sales appears to be strong, approximately 4% above February 2015 with...

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How Did The Housing Market Do in 2015?

I have been reviewing the housing numbers for 2015. After commenting all year that our real estate market was chugging along, slowly doing better than the month before, it appears that we have achieved a solid performance. It is interesting to note that in the past 15 year of collecting housing data, MLS has ranked 2015 dead...

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October Housing Market Round Up

The Phoenix Metropolitan Real Estate Market is continuing to show improvement: distressed inventories are down, foreclosures are down, and traditional buyers are up. This is exactly what I wrote last month and nothing changed – nothing at all. In August, 7,010 homes were sold, which is an decrease of 11.4% compared with...

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