The Trends Continue

The Trends Continue

April 8, 2017 by · Leave a Comment 

Supply continues to be the story in our market.  But like most blanket statements – “supply is down” – the real picture is always a bit more nuanced.  Supply, like demand, behaves differently depending on the price points.  Looking at a broad market overview, active listings counts are down.  When active listings decline in the […]

One of Our Happy Sellers, Lori Stover!

One of Our Happy Sellers, Lori Stover!

April 8, 2017 by · Leave a Comment 

The Supply and Demand Seesaw

The Supply and Demand Seesaw

April 8, 2017 by · Leave a Comment 

The spring buying season is now underway and the current numbers seem to confirm the early signals of 2017. New listings to market are tracking almost exactly with 2016.  While this would seem to be good news for supply starved buyers – after all it is 6% more supply than 2015 – is likely to […]

How to give up Equity (or what not to do as a Seller)

How to give up Equity (or what not to do as a Seller)

November 24, 2016 by · Leave a Comment 

The market is remarkably stable at this time despite some headlines in the past few months implying otherwise.  The “Most Improved” award goes to the luxury market – with Scottsdale, Paradise Valley and Carefree all posting great improvements thanks to higher demand and lower supply (quite a reversal from the 2nd quarter).  No matter how […]

Historic Mortgage Rates

Historic Mortgage Rates

November 3, 2016 by · Leave a Comment 

Seeing historic highs and lows put today’s rates in perspective.

September Market Update

September Market Update

September 9, 2016 by · Leave a Comment 

As we enter the last quarter of the year, we begin reflecting on how 2016 has compared to 2015.  It has been a remarkably similar year to 2015 – with only some minor variations. The biggest challenge of the 2016 market has been the intensely low inventory in the $175,000 and under market.  The situation […]

Home Values

Home Values

August 12, 2016 by · Leave a Comment 

As we have discussed in previous articles, the 2016 market has fragmented in to 3 very distinct markets – based almost exclusively on price.  Understanding the supply/demand equation in each of these price points will guide savvy sellers and agents as to the strategies best suited to that market.  Not surprisingly, the appreciation is equally […]

Market at a Glance

Market at a Glance

July 2, 2016 by · Leave a Comment 

The trends that were forming in the first quarter of 2016, now are affirmed. As usual, the two most important laws of economics – the laws of supply and demand – are the driving force behind the trends.   Demand – the more fluid and fickle of the two- is up. In fact demand has returned […]

The Tale of Two (or perhaps three?) Markets

The Tale of Two (or perhaps three?) Markets

May 21, 2016 by · Leave a Comment 

The spring buying season is now underway (sadly accompanied by the flu season) and trends are now becoming observable. Supply is up – 8.5% over 2015, 3.3% higher than 2014, and 13.2% more than in 2013. This would be good news for buyers, except the mix of the new listings in not matching the mix […]

Supply Shifts

Supply Shifts

April 5, 2016 by · Leave a Comment 

February showed some signs of life for homes going under contract after surprisingly lackluster activity levels in January. But as we warned, trends take time to form, and so a good or bad month does not make a year. 2016 had been heralded by most to be a likely breakout year. Demand was expected to […]

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