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Markets Phoenix Housing Market Report for May 1, 2025 Our markets have taken a downturn, and I expect downward pressure to persist at least through the 4th quarter. This, however, presents a great opportunity for homebuyers who have been waiting for more favorable terms and better pricing. As the economy slows, interest rates should ease, providing further benefits for homebuyers. Now is the time […]
Markets Phoenix Housing Market Update May 1, 2025 Our markets have taken a downturn, and I expect downward pressure to persist at least through the 4th quarter. This, however, presents a great opportunity for homebuyers who have been waiting for more favorable terms and better pricing. As the economy slows, interest rates should ease, providing further benefits for homebuyers. Now is the time […]
My Monthly Market Summary Market Summary for the Beginning of April 2025 Here are the basics – the ARMLS numbers for April 1, 2025 compared with April 1, 2024 for all areas & types: Active Listings: 24,990 versus 17,025 last year – up 47% – and up 4.4% from 23,934 last month Pending Listings: 5,278 versus 5,185 last year – up 1.8% – and up 5% from 5,028 […]
Buying It’s a Buyer’s Market. Why aren’t prices crashing? 3-17-2025 It’s a Buyer’s Market. Why aren’t prices crashing? Could Economic Uncertainty Help the Housing Market? For Buyers Phoenix has been in a buyer’s market for 3 out of the last 4 months, and it’s continuing into March as of this writing. Some buyers may be surprised to see price measures aren’t showing a decline yet, […]
My Monthly Market Summary Market Summary for the Beginning of March 2025 Here are the basics – the ARMLS numbers for March 1, 2025 compared with March 1, 2024 for all areas & types: Active Listings: 23,934 versus 16,568 last year – up 44% – and up 6.7% from 22,432 last month Under Contract Listings: 8,471 versus 8,693 last year – down 2.6% – but up 14% from […]
Uncategorized Is an Accessory Dwelling Unit Right for You? Here’s What To Know Are you having a hard time finding the right home in your budget? Or maybe you already own a home but could use some extra income or a designated space for aging loved ones. Either way, accessory dwelling units (ADUs) could be the smart solution you’ve been looking for in today’s market. What Is an […]
Buying How To Buy a Home Without Waiting for Lower Rates 2025 Feb Many people are hoping mortgage rates will come down before they buy a home. But will that actually happen? According to the latest forecasts, experts say rates will decline, but not by as much as a lot of people want. The good news? Even if they don’t drop substantially, there are still ways to make […]
Selling Are You Asking Yourself These Questions About Selling Your House? Some homeowners hesitate to sell because they’ve got unanswered questions that hold them back. But a lot of times their concerns are based on misconceptions, not facts. And if they’d just talk to an agent about it, they’d see these doubts aren’t necessarily a hurdle at all. If uncertainty is keeping you from making a […]
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Markets Feb mid-month market update 2-2025 Fact Check February – Don’t Fall In Love With These 7 Narratives on Housing   There is no online shortage of armchair quarterbacks when it comes to prognostications on the future of home values and affordability. However, there are narratives that some people, and journalists, stubbornly hold to that are simply outdated or incorrect. Many […]
Selling A Record Percent of Buyers Are Planning To Move in 2025 This could be the year to sell your house – and here’s why. According to a recent NerdWallet survey, 15% of people are planning to buy a home this year. That’s actually a record high for this survey (see graph below): Here’s why this is such a big deal. The percentage has been hovering between 9-11% since 2020. This recent […]
My Monthly Market Summary Market Summary for the Beginning of February 2025 Market Summary for the Beginning of February Hello… Here are the basics – the ARMLS numbers for February 1, 2025 compared with February 1, 2024 for all areas & types: Active Listings: 22,432 versus 15,574 last year – up 44% – and up 12.1% from 20,007 last month Under Contract Listings: 7,403 versus 7,423 last year […]
Buying 3 Reasons To Buy a Home Before Spring 3 Reasons To Buy a Home Before Spring Let’s face it — buying a home can feel like a challenge with today’s mortgage rates. You might even be thinking, “Should I just wait until spring when more homes hit the market and rates might be lower?” But here’s the thing, no one knows for sure […]
Buying Two Resources That Can Help You Buy a Home Right Now Two Resources That Can Help You Buy a Home Right Now A recent report from Realtor.com says 20% of Americans don’t think homeownership is achievable. Maybe you feel the same way. With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge. But here’s the thing. With the right resources and […]
Selling The Secret To Selling? Using an Agent To Get Your House Noticed The Secret To Selling? Using an Agent To Get Your House Noticed In a recent survey, the National Association of Realtors (NAR) asked sellers what they want most from a real estate agent. The number one answer was to help market their house. It makes sense. The way your agent markets your house can be the difference between […]
Uncategorized When Is the Perfect Time To Move? When Is the Perfect Time To Move? It’s easy to get caught up in the idea of waiting for the perfect moment to make your move – especially in today’s market. Maybe you’re holding out and hoping mortgage rates will drop, or that home prices will fall. But here’s what you need to realize: trying to time the […]
Markets Mid Jan 2024 Market Update For Buyers and Sellers, the good and the bad: Buyer’s season has begun and new listings for January are the strongest Greater Phoenix has seen since 2020. New listings waned in November and December, so this rebound is a refreshing start for buyers in 2025 as supply is rising and sellers continue to be open […]
Buying One Homebuying Step You Don’t Want To Skip: Pre-Approval One Homebuying Step You Don’t Want To Skip: Pre-Approval There’s one essential step in the homebuying process you may not know a whole lot about and that’s pre-approval. Here’s a rundown of what it is and why it’s so important right now. What Is Pre-Approval? Pre-approval is like getting a green light from a lender. It lets […]
My Monthly Market Summary Market Summary for the Beginning of 2025 Market Summary for the Beginning of 2025 Here are the basics – the ARMLS numbers for January 1, 2025 compared with January 1, 2024 for all areas & types: Active Listings: 20,007 versus 14,593 last year – up 37% – but down 7.3% from 21,593 last month Under Contract Listings: 5,496 versus 5,127 last year – […]
Selling Home Staging FAQ: What You Need To Know You may have heard that staging your home properly can make a big difference when you sell your house, but what exactly is home staging, and is it really worth your time and effort? Here are a few quick FAQs that can help you decide how much you should prioritize staging as you prep for […]
Buying New Year, New Home: How To Make It Happen in 2025 This is the time when a lot of people take a moment to reflect and set their goals for this year. And as you picture what you want your 2025 to look like, one thing that may pop into your mind is the vision of you in a new home. But how do you get […]