Happy New Year 2017 – Looking Ahead in Phoenix Real Estate

We have spent 7.5 years in an awesome growth period as a country. On the flip side, this makes us well overdue for a little recession. That's pretty amazing though - considering we've come a long way from foreclosure and losing our homes back in 2008. The interesting thing about being overdue for a recession is this: It's kind of like being overdue for a major earthquake in Los Angeles - except a tiny recession is much more likely to happen yet won't leave your life in shambles. This mini-recession will not be anywhere near as bad as 2008. We won't have to rebuild an entire city, or country, for that matter.   Here are … [Read more...]

Population Pause…We Need More Babies!

One of the biggest drivers in housing demand is population growth. Simple math here. If you have more people, you need more houses. There are essentially 2 ways people come to Phoenix - they move here or they are born here. And folks, the number of people born here is on the decline. My friends at Cromford Report, pointed out the shift in the population make-up we are seeing in this country. Nationwide, folks are living longer and having few babies, so the population is essentially aging, skewing towards an older demographic. This will result in a slowing population growth. We have seen this trend in the United States before, so it will be … [Read more...]

Who’s Calling the Shots in Phoenix Real Estate? Buyers or Sellers?

Word on the street is that it's a buyer's market in Phoenix right now. Ummmm...not exactly. The answer to the question of whether buyers or sellers have the edge in the Phoenix real estate market, like a lot of questions about Phoenix real estate, it depends. Let's take a look at how the price of the house is related to¬† who holds the cards. In a nutshell, sellers hold the cards in the lower price ranges and buyers take the advantage in the luxury market. Here's a breakdown by price range: Note that homes listed for $175,000 or less are in extremely low supply. Finding a good home in this price range is tantamount to a unicorn hunt. … [Read more...]

Phoenix Real Estate Market Update – September 2015 – Live from Downtown Mesa

A LONG overdue update of the Phoenix Real Estate Market - live from Volstead Public House at 105 W Main St in Mesa! Things are VIBRANT in the Phoenix real estate market right now, with an edge to sellers in most cases. Sales volume has started to lighten up as we approach the end of the year, but some of areas of the Valley are still seeing brisk sales. HOT areas are Avondale, Glendale, Surprise, Tempe and Mesa (yeah!). For more information, you can reach me at Kristin LaVanway 480-282-7464 kristin@hereinphoenix.com Check out Volstead Public House at https://volsteadpublichouse.wordpress.com/ More in Downtown Mesa … [Read more...]

The History of Phoenix Real Estate (at least since 2005)

To celebrate 8 years in real estate, I present to you: The History of Phoenix Real Estate (since 2005). It's been quite a wild ride since I got my real estate license...let's catch up, shall we? For all practical purposes, our Phoenix real estate market has experience an economic disaster that is quite similar to a Category 5 hurricane. And much like New Orleans experienced with Hurricane Katrina, we have endured different phases of this experience. 2005: The Tasty Wave phase when everyone grabs a board and jumps in - regardless of any actual ability to surf or even swim 2006: The denial phase - oh, haw bad can it really get? 2007: The … [Read more...]

Phoenix Real Estate Market – May 2012 – INSANITY

The insanity is not just continuing, it's out of control. Inventory is still falling, prices are climbing, and tears are flowing as buyers suddenly realize the home-ownership train is leaving the station without them. Here are the cold hard numbers and a couple of survival tips for you! Kristin LaVanway Kristin@HereInPhoenix.com 480-282-7464 … [Read more...]

What’s Happening in Phoenix Real Estate – April 2012

Are We Really Running Out Of Houses? The real estate market in Phoenix continues to return to a more "normal state" whatever that means. Prices are edging up especially in price ranges below $250K, and inventory has dropped below the 2 month mark. Yikes! Think the shadow inventory is going to replenish the market - don't be so sure. However you look at it, we are going to be low on inventory for a while. Buyers: get over the fantasy that another big price drop is going to happen here in Phoenix. All signs point to higher prices. Good luck buyers and welcome back sellers!! … [Read more...]