Phoenix Real Estate News & Market Trends

 

Aug. 18, 2021

Phoenix real estate market report for July 2021

As always our real estate market never stays the same. Here's a short video outlining what the market did in July 2021!

 

Want to see the full report including commentary? Use this link to download your copy- Click Here!

Posted in Market Updates
July 22, 2021

What a crazy Real Estate Market we're in!

We are in a crazy market right now but are we seeing a shift or just the summertime blues? The numbers haven't changed a lot over the last couple months but we did see the inventory finally come up just a little. Check out the video below-

 

If you'd like to read the entire report please click here!
Of course if you'd like to know about your home's value or what your community is doing just ask!
Posted in Market Updates
Feb. 18, 2021

Phoenix Real Estate Market Update for Jan 2021

Curious what the market is doing? How high are the prices going in Phoenix? These's are all answer in the short video below.
If you would like to download the entire report to read for yourself, Click Here!
Posted in Market Updates
Feb. 8, 2021

New Construction Homes

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Posted in Homes For Sale
Jan. 19, 2021

Phoenix Real Estate Market Report- December 2020

Crazy real estate market here in Phoenix right now!

Learn more about what happened in the video below and feel free to reach out to us with questions or if you'd like us to break that down for a community or city.

 

If you'd like to download the full report here's a convenient link for you- Click Here!
Posted in Market Updates
Jan. 6, 2021

Phoenix Real Estate Market Report- November 2020

What a crazy market we are in! Wondering where the market went in November? Watch this short video to find out and feel free to download your free copy of the entire report.

 

 Download you copy of the report by clicking here!

 

 

Posted in Market Updates
Nov. 21, 2020

Phoenix Real Estate Market Report for October 2020

What an amazing month of sales! October 2020 was the single largest number of sale for any October...ever!
Want to know what your home is worth? Just ask!
Want a copy of this report? Click Here!
Posted in Market Updates
Nov. 2, 2020

4 Reasons Why the Election Won’t Dampen the Housing Market

4 Reasons Why the Election Won’t Dampen the Housing Market

4 Reasons Why the Election Won’t Dampen the Housing Market | MyKCM

Tomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not be one of them.

Analysts will try to measure the impact feasible changes in regulations might have on housing, the effect of a possible first-time buyer program, and any number of other situations based on who wins. The housing market, however, will remain strong for four reasons:

1. Demand Is Strong among Millennials

The nation's largest generation began entering the housing market last year as they reached the age to marry and have children - two key drivers of homeownership. As the Wall Street Journal recently reported:

“Millennials, long viewed as perennial home renters who were reluctant or unable to buy, are now emerging as a driving force in the U.S. housing market’s recent recovery.”

2. Mortgage Rates Are Historically Low

All-time low interest rates are also driving demand across all generations. Strong demand created by this rate drop has countered other economic disruptions (e.g., pandemic, recession, record unemployment).

In addition, Freddie Mac just forecasted mortgage rates to remain low through next year:

“One of the main drivers of the strong housing recovery is historically low mortgage interest rates…Given weakness in the broader economy, the Federal Reserve’s signal that its policy rate will remain low until inflation picks up, and no signs of inflation, we forecast mortgage rates to remain flat over the next year. From the third quarter of 2020 through the end of 2021, we forecast mortgage rates to remain unchanged at 3%.”

3. Prices Continue to Appreciate

The continued lack of supply of existing homes for sale coupled with the surge in buyer demand has experts forecasting strong price appreciation over the next twelve months.

4. History Says So

Though it’s true that the market slows slightly in November when it’s a Presidential election year, the pace returns quickly. Here’s an explanation as to why from the Homebuilding Industry Report by BTIG:

“This may indicate that potential homebuyers may become more cautious in the face of national election uncertainty. This caution is temporary, and ultimately results in deferred sales, as the economy, jobs, interest rates and consumer confidence all have far more meaningful roles in the home purchase decision than a Presidential election result in the months that follow.”

Ali Wolf, Chief Economist for Meyers Research, also notes:

“History suggests that the slowdown is largely concentrated in the month of November. In fact, the year after a presidential election is the best of the four-year cycle. This suggests that demand for new housing is not lost because of election uncertainty, rather it gets pushed out to the following year as long as the economy stays on track.”

Bottom Line

There’s no doubt this is one of the most contentious presidential elections in our nation’s history. The outcome will have a major impact on many sectors of the economy. However, as Matthew Speakman, an economist at Zillowexplained last week:

“While the path of the overall economy is likely to be most directly dictated by coronavirus-related and political developments in the coming months, recent trends suggest that the housing market – which has basically withstood every pandemic-related challenge to this point – will continue its strong momentum in the months to come.

Posted in Real Estate News
Oct. 23, 2020

Phoenix Real Estate Market Update for September 2020

WOW! September was one for the record books. Watch this short video to see how the Phoenix real estate market has performed and a glimpse into where it might be going.

 

 

If you would like to download your free copy of the report please use this link - Click Here!

 

Posted in Market Updates
Sept. 16, 2020

Phoenix Real Estate Market Update for Aug 2020

What a crazy market! In the video below I review the Phoenix real estate market for August 2020. It's longer than normal because at the end I addressed the comments about where the market may be going because of Covid and Foreclosures.

 

If you'd like a copy of the report used in the video above please use this link to download it - Click Here!

If you'd like us do a market study for a specific area or city please let us know.

 

Posted in Market Updates