What Does the Proposed Tax Change Mean for the Real Estate Industry

If you own an investment home, you likely view real estate differently than most folks. Owning residential rental property is part of your long term investment strategy. Most people purchase real estate for their personal needs; a shelter for themselves and their family. As a result of your investment, you may be more aware of...

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Finding Non-Filtered Information To Help Meet Your Financial Goals

It seems as if another analysis appears every day, explaining recent trends in housing based on reports from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development or the National Association of Realtors. What is unfortunate about using some of this data is that it derived from sample surveys instead of...

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How Will a Shift in Rebuilding Communities Affect the Housing Market?

Living in the Phoenix area for essentially all of my life, I can’t imagine the destructive powers of hurricanes. Witnessing the tragic images of the ravages of Harvey, and then Irma, and finally Maria breaks my heart. Housing for all us is almost a primal need, a sanctuary from everything except our families. Because of...

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Hurricane Harvey and the Seasonal Slow Down in Home Sales

As we all work through and try to process the damage and devastation caused by Hurricane Harvey, it has not taken economists long to calculate and predict how other real estate markets will be affected. In a basic supply and demand model, material and labor are now in greater demand than ten days ago – supply stayed the same...

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2017 Housing Market Has Been Near Record Levels Strong

For the past six months I have been commenting that sales this year have been very strong. As it turns out, this year has been nearing record levels of strong. In the first half of 2017 sales of existing homes were the third highest in the past 17 years of record keeping. Only 2005, the year home prices skyrocketed, and 2011,...

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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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