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Price Reductions up 71% on Listings $200K-$250K: Sellers: Get Competitive, It’s “Buyer Season”
For Buyers: Good news for buyers over the past few weeks, interest rates came down a few notches. That combined with the increased loan...
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List Price Reductions up 24% in Greater Phoenix, Up 42% in Some Areas
For Buyers: A weak 4th quarter for sales in 2018 has resulted in 11,874 price reductions in the first 5 weeks of 2019. That’s 24% higher...
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Market Summary for the Beginning of February 2019
Starting with the basic ARMLS numbers for February 1, 2019 and comparing them with February 1, 2018 for all areas & types: Active...
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It’s Still a Good Time to Sell… For Now"
Greater Phoenix Buyer Contracts Down 15% It’s Still a Good Time to Sell… For Now
For Buyers: The monthly average interest rate rose to 4.64% in December 2018, up 0.69% from the previous December’s 3.95%. For buyers who...
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AZ Housing Market...Buyer's Market or Seller's Market?
I have started to see a few writers claim that Phoenix is becoming a buyer's market. I think this is a huge stretch. It is possible that...
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Market Summary for the Beginning of 2019
As we enter the New Year, the final statistics are in for December 2018. Starting with the basic ARMLS numbers for January 1, 2019 and...
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A Far More Positive Picture for Sellers Than Expected
Below is he Cromford® Market Index numbers for the single-family markets in the 17 largest cities in the Valley. The Cromford Market...
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Seasonally, This is the Calm Before the Storm for Buyer Activity
For Buyers: Remember when you would not eat your dinner as a kid and your parents would serve it to you for breakfast or lunch until it...
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Phoenix Housing Market...Slowing?
In recent weeks you may have read that the US Housing market is softening as we approach year-end. In our business we did see some...
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Market Summary for the Beginning of December
Starting with the basic ARMLS numbers for December 1, 2018 and comparing them with December 1, 2017 for all areas & types: Active...