Waiting for Phoenix Home Prices to Come Down?

They say that good things to those who wait. In real estate, there is an urban myth that suggests if you wait long enough, home prices with GO DOWN far enough that you will be able to afford that dream home after all. Why settle, when you can wait (THROUGHOUT INFINITY) for prices in real estate to match your champagne tastes and beer budget. Because folks, I hate to break this to you, but historically home prices GO UP!   Sure, from month-to-month, prices might fluctuate slightly in an up-and -down fashion. There have been moments in history that prices dropped - like 2007-2010...commonly referred to as "The Crash". But this is … [Read more...]

Phoenix Real Estate Market Update – It’s a Buyer Frenzy!

The Phoenix real estate market is in a buyer frenzy early in the season due to low inventory in the most active price ranges. For Buyers: Buyers continue to find themselves in a frenzy of competition for homes as March recorded the highest number of non-distressed sales through the MLS since September 2005.  Supply has dropped a significant 12.7% overall compared to this time last year. That's a whopping 22% drop  in the Southeast Valley and 27% in Pinal County! Despite the extreme lack of supply under $300K, 30% of closings in this price range are showing some form of seller-paid concession at close.  Compare this to 27% in March of … [Read more...]

What’s the Easiest Way to Invest in Real Estate?

A friend of mine recently asked me about investing in a REIT, which is a Real Estate Investment Trust. There's been a lot of them poppin' up over the last 15 to 20 years - especially online. This particular one that she was looking at had $1,000 minimum. My friend asked, "I don't have the $1,000 now, but if I did is this a good idea?" The online REIT that she's looking at is so super-hipster right now too (because my friend who asked is also a hipster). The site talks about crowd-sourcing and how you can become a real estate mogul just like everyone else! It's real sexy, amazing, gnarly, yadda yadda yadda. A lot of REITs invest in … [Read more...]

What’s Sold Recently in Santo Tomas, Tempe, Arizona 85282?

Santo Tomas is located in Tempe, just west of the 101 freeway and southeast of Arizona State University. The homes feature a mix of architectural styles including ranches and villas.  The area has  fun, quirky vibe and is very popular among those seeking a great location and a home with lots of personality and character. What's sold recently in Santo Tomas? … [Read more...]

Homes Sold Recently in Val Vista Lakes

What's sold lately in Val Vista Lakes? Here's the latest sales activity:   Wondering what your home is worth? Get a FREE no-strings-attached assessment right here-->   … [Read more...]

Homes Sold Recently Near Summer Meadows

What's sold lately in Summer Meadows? Here's the latest sales activity:   Wondering what your home is worth? Get a FREE no-strings-attached assessment right here-->   … [Read more...]

Homes Sold Recently in Acacia Crossings

What's sold lately in Acacia Crossings? Here's the latest sales activity:   Wondering what your home is worth? Get a FREE no-strings-attached assessment right here-->   … [Read more...]

Homes Sold Recently In Johnson Ranch

  What's sold lately in Johnson Ranch? Here's the latest sales activity:   Wondering what your home is worth? Get a FREE no-strings-attached assessment right here-->   … [Read more...]

Homes Sold Recently In West Plaza

What's sold lately in West Plaza? Here's the latest sales activity:   Wondering what your home is worth? Get a FREE no-strings-attached assessment right here-->   … [Read more...]

Homes Sold Recently in Northwood Park

What's sold lately in Northwood Park? Here's the latest sales activity:   Wondering what your home is worth? Get a FREE no-strings-attached assessment right here-->   … [Read more...]